Kat Exploration PRs Post by sandi66 on Oct 20, 2009, 5:55am
NEWS RELEASE KAT EXPLORATION INC. May 15, 2009 Appointment of Kurt Ho man to the Board of Directors Mount Pearl, May15, 2009 - Kat Exploration Inc. (OTC-Pink Sheets: KATX) is pleased to announce the appointment of Mr. Kurt Ho man to the Board of Directors. Mr. Ho man has served as Director for numberous mining and exploration companies. He has extensive experience in property acquisitions, as well as in the feild of exploration and development of mining properties across the United States, Canada and South Africa. Mr. Ho man is President, Chief Executive O cer, and a Director of Sundance Diamonds Corporation, a privately held company engaged in the exploration of diamonds in the United States and South Africa. In 2009, Mr. Ho man has made extensive e orts to identify near-term production opportunities in South Africa and has identi ed and commenced e orts to close transactions and produce diamonds. In 2003, Mr. Ho man co-founded High Plains Uranium, a publicly traded advanced exploration uranium mining company. He served as Vice President and as a Director prior to the acquisition of the company by Energy Metals Corporation (TSX: EMC). From 1998 to 2004, Mr. Ho man served as President, Chief Executive O cer, and a Director of Trend Mining Company. Kat Exploration is excited to have Mr. Ho man serve as Head of Corporate Development. His network of contacts within the mining and nancial communities across Europe and North America will prove to be a valuable asset in moving Kat Exploration forward. On Behalf of the Board of Directors Kat Exploration Inc. Ken Stead President/CEO KAT EXPLORATION INC. O ce: 709.368.1024 Cell: 709.690.2908 E-mail: kstead@katexploration.com Web: www.katexploration.com
NEWS RELEASE KAT EXPLORATION INC. May 15, 2009 Appointment of James P. Matheson to the Board of Directors Mount Pearl, May 15, 2009 - Kat Exploration Inc. (OTC-Pink Sheets: KATX) is pleased to announce the appointment of James P. Matheson to the Board of Directors. James P. Matheson has over 20 years of entrepreneurial business and management experience. During this time, Mr. Matheson has served as a consultant for a wide spectrum of small and micro-cap companies that specialize in such elds as oil, gas, metals and mining. He has provided these companies with expert advice and has assisted them in the arrangement of nancial and marketing activities in the United States and Europe. His valuable management experience has aided numerous companies in their preparation and development for a Senior Exchange listing. Mr. Matheson’s strong network of contacts within the mining and nancial communities that extends throughout North America and Europe will prove to be an asset for Kat Exploration. Kat Exploration Inc. is extremely pleased to have Mr. Matheson serve as its Public Relations/Investor Relations O cer. Mr. Matheson will manage the ow of information between Kat Exploration and its public, as well as increase company exposure, provide news items and build a rapport with the general public and its investors. We feel strongly that Mr. Matheson has the ability to integrate nancial, communication, marketing and securities law compliance to enable e ective communication between the company, the nancial community, and other constituencies. This will ultimately contribute to the company's securities achieving fair valuation. On Behalf of the Board of Directors Kat Exploration Inc. Ken Stead President/CEO KAT EXPLORATION INC O ce: 709.368.1024 Cell: 709.690.2908 E-mail: kstead@katexploration.com Web: www.katexploration.com
NEWS RELEASE KAT EXPLORATION INC. May 18, 2009 Kat Exploration Inc. listed on the OTC- Pink Sheets, under the Ticker Symbol - KATX Kat Exploration: Moving Exploration Forward Mount Pearl, May18, 2009 – Kat Exploration Inc. (OTC-Pink Sheet - KATX) is pleased to announce that on May15, 2009 it began trading on the OTC-Pink Sheets. The listing will expand investment opportunities to a wider investor base, enhance liquidity of Kat Exploration’s shares, and provide the company with greater nancing options to support its projects and sustain its expansion plans. This corporate milestone has caused great excitement in the home camp and holds promise to a successful venture for all present and future shareholders of the company. Mr. Ken Stead (President) states that “Access to greater liquidity will help us accelerate e orts to bring our properties to their full potential and broaden opportunities to expand our operations internationally.” Kat Exploration Inc. holds a very promising portfolio of Gold, Copper, Silver and IOCG properties in the province of Newfoundland, Canada. In 2009, Kat Exploration laid out a series of programs to include prospecting, ground geophysical surveys and diamond drilling. These programs were designed to follow-up conductive anomalies identi ed by airborne geophysical surveys on the company’s 100% owned “Rusty Ridge”(IOCG) property. A recently completed interpretation of an airborne survey and an existing 3D inversion modeling of the magnetic data, show a discreet, strong magnetic anomaly underlying the “Rusty Ridge” area. Coincidental with this, are moderate to strong IP chargeability anomalies that suggest a high probability of signi cant concentrations of sulphides. This target has been selected for testing by diamond drilling late this summer and it’s anticipated that additional drill targets may be developed from results of prospecting and further interpretation of the ground geophysical surveys already completed. As mentioned above, airborne or ground geophysics is planned for the “Lucky” copper/silver property on the Bonavista peninsula. This property consists of numerous copper and silver showings that was discovered intermittently on strike for approximately eight miles. Other properties will continue to have su cient amounts of work completed this year to keep them in good standing according to provincial regulation.
NEWS RELEASE KAT EXPLORATION INC. May 18, 2009 “Rusty Ridge” Property Ready for Drilling “Rusty Ridge” property ready for drilling - Kat Exploration Inc. (OTCPink Sheets: KATX) Mount Pearl, May18, 2009 Kat Exploration is pleased to announce that this phase of the exploration program was highly successful in identifying coincidental magnetic IP resistivity and soil geochemical anomalies. These ndings suggest potential for a body of iron oxide +/- base, as well as precious and rare earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia. Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type uorite mineralization and appears to suggest a magnetic origin for the mineralization. A recently completed 3D inversion modeling of the airborne magnetic data, show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest either graphite or signi cant concentrations of sulphides. Graphite can be for the most part eliminated as the rocks are terrestrial, not marine, meaning that conductive argillaceous rocks would not be expected in this environment. Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples. Also, other rare earth elements Yttrium(Y), Niobium(NB), Zirconium(ZR) and Uranium, were all detected in both soil and rock samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper. The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple uorite and disseminated pyrite. This property as already generated a lot of interest from mining companies and is being o ered as a Joint Venture (JV) project. About Kat Exploration Inc Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company’s objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or nancial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by de nition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially di erent from the statements made herein. Ken Stead President/CEO KAT EXPLORATION INC O ce: 709.368.1024 Cell: 709.690.2908 E-mail: kstead@katexploration.com Web: www.katexploration.com
NEWS RELEASE KAT EXPLORATION INC. May 19, 2009 “Lucky” Property Ready for Drilling Kat Exploration Inc. announces “Lucky” property is ready for drilling. Mount Pearl, May19, 2009 - Kat Exploration Inc. (OTC-Pink Sheets: KATX) Kat Exploration is pleased to announce THAT its “Lucky” property is ready for drilling. The “Lucky” property consists of 42 claims in 1 license on the Bonavista peninsula of Newfoundland, Canada. Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approx. 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. More ground work is planned for the Northern portion of the property in the upcoming season and drilling is hoped to take place in and around the most exposed mineralized copper showings. About Kat Exploration Inc Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company’s objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or nancial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by de nition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially di erent from the statements made herein. Ken Stead President/CEO KAT EXPLORATION INC O ce: 709.368.1024 Cell: 709.690.2908 E-mail: kstead@katexploration.com Web: www.katexploration.com
KAT Exploration Is Focused On Bringing Their Precious And Base Metals Properties In Newfoundland To A Level Where They Can Do Feasibility Studies And Attract Joint Venture Partners
Company Profile:
KAT Exploration Inc. is an exploration company based in Mount Pearl, Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
Ken Stead, President and CEO
Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.
In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past eleven years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment along with gold and will continue to make this one of the company’s priorities.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published - July 17, 2009
CEOCFO: Mr. Stead, what is the focus of KAT?
Mr. Stead: “Our focus is precious metals and base metals. We want to bring our properties to a level where we can do feasibility studies on the deposits and possibly joint venture with a major company. I have done that quite often in the past with my former company, Cornerstone Resources Inc. We joint ventured with major world companies such as Phelps Dodge, Noranda and others. So I know how the field works and it is to a company’s benefit, to have the backing of major companies to offset the costs of drill programs and even the intense exploration on some of our best projects.”
CEOCFO: What do you like about the area you are in now?
Mr. Stead: “It is an area where you are born and you are quite familiar with. We know the geology. We know many of the government officials with the Department of Mining and Energy, and they are quite helpful in all the research they have done down through the years. Quite often if you go to their data bank it will point you to areas where they have discovered minor showing of copper, gold, silver and so on. We explore these areas. Throughout the province there has been a lot of logging throughout the years, so accessibility to logged areas is very good. The province itself has had a number of Gold mines and are still producing some with others coming on stream for production. The government is always out in the forefront encouraging exploration in mining and oil as we are becoming a major player in oil. With that kind of combination of oil and minerals it makes it easy for us to explore, so if you put it all together it becomes an exciting area. With the experience and success we have had in the past, we just continue on with what we know and do best. The area still has quite large land packages that are under-explored or not explored at all and we have discovered many mineral occurrences that currently we have not staked. So it still lends itself to lots of exploration in the future.”
CEOCFO: How come so much is underexplored if it is such a pro-mining area? Mr. Stead: “That’s an interesting question”. If you go back into the history of Newfoundland you will find that there was lots and lots of mining. There were numerous copper mines, silver mines and a few other products way back in the 1800’s and early to mid 1900’s. But we are in a province of only half-a-million people yet our land mass is equal to that of England. So I guess when it comes to economics, Newfoundland was always one of the poorer provinces of Canada. Only recently had we actually risen above the entire country because of oil and mining production. Therefore, when the commodity prices became worth exploring, a lot of major companies came to the province following up on some old work that had been done by companies like Noranda way back in the early 1900’s and mid-1950’s and 60’s. They had left because the prices of metals were down. When it was down, they discovered that it wasn’t feasible to continue exploration, so a lot of companies came in on the backs of that work along with new discoveries. With that said and done, a lot of prospectors took an interest because companies came in and employed some of the locals to do the work and from that they formed their own little exploration companies. So over the last ten to fifteen years, you had a lot of that happening, which generated more discoveries and interest in the province. Therefore, it has become like a whole new industry here in Newfoundland with a lot more prospectors coming to the fore. When you go to mining shows and exhibits and display what you have discovered it attracts the attention of world-class companies and that also brings some to Newfoundland. It has really taken on a life of its own.”
CEOCFO: Would you give us a little rundown on the projects you are working on now?
Mr. Stead: “Right now we are working on our Handcamp Gold Property which is a very high-grade gold property. When I say high-grade that is from 158 grams of gold per ton in some grab samples. Yet we did a channel sample of approx..30 feet with a little over 7 grams of gold across the exposed outcrop; this is right on the surface. With the Handcamp Gold Property right now, we are working out a drill program. We were hoping for late summer, but it may be early fall, which is a good time actually for us here; the weather won’t be so hot. That particular property had some work done on it and there is a lot of base metals tied in with the gold, so it is sort of a semi-massive sulphides and gold property. That property is just south of the new gold processing facility, which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also.
Our Handcamp Gold Property is very exciting and of great interest for us to move it forward. It is right in the mining district where there are operating gold mines. So it would be an easy property for us to either farm out or to probably sell outright if we do our own work and bring it to feasibility study to determine what the reserve is.
We have another property called “Rusty Ridge” and by means of an airborne survey and some ground geophysics it too is ready for drilling. There was an interpretation done by an independent geophysics company from Vancouver, on the other side of Canada, who likened many of the signatures that we are finding to that of the Olympic Dam in Australia. That is actually their words not ours. We have two deep targets, so the idea is to get down there and see what those targets are. While it is a costly operation, we will venture it ourselves but would hope to joint venture it with another company. The only thing is, with the Handcamp Gold Property a priority, we are not sure if we will get a drill on the Rusty Ridge this year. If we can find the time to promote it and get a major company to come and use their money, well that will really help. However, if not we will test that deposit ourselves. If it is what we hope it is, it would probably turn this area into a whole brand-new exploration play for major companies because these deposits are kind of rare in that they host nearly all the major minerals. They have base metals, gold, silver and uranium along with rare-earth minerals. If it turns out to be an economical deposit, one can imagine how other companies will take interest in the whole region looking for more of these deposits.
We are excited about that property, but it is a property that if the Handcamp Gold Property starts turning out what we think it might, because of gold prices today, we may just continue with that one and do the Rusty Ridge a little later. Other than that, we have several copper/silver combination properties, and lots more to go if we want to stake what we have been finding. For now, these properties we have in our portfolio, and will hopefully bring in another gold property, which we are now considering that also has great potential. As a new company just coming on, there is overhead, and a higher burn rate in adding more properties to our portfolio, so we will be cautious not to spread ourselves to thin. Therefore, we don’t want to waste money when we can focus in areas of high interest and hopefully areas that will catch the attention of investors because the company has done good work on good properties.”
CEOCFO: A well thought out plan!
Mr. Stead: “We think so”. That is the normal way of thinking in this industry as I have learned from past experience. We have a good crew and good properties, and lots of potential for other properties as well. As the company grows, we will certainly expand our operations to other parts of the province. In the many under-explored areas, it would take a chopper to get there, but we have done that quite often in the past and will continue to take advantage of that in the future. When you get into these areas you can be sure that the average prospector who is operating on small government grants and their own money, haven’t been in these areas because they just can’t afford the expense. So there are some areas that we have our eye on and if we don’t get to them this year we will next year. In the meantime we certainly have a full slate of work programs for this year. So far with our stock, we are generating interest from investors according to recent trading, especially over the last few days, so we are quite pleased.”
CEOCFO: How do you attract people to the stock?
Mr. Stead: “The way we work is, we have a group in Vancouver who are engaged in helping fund the company and took us under their wing for an equity stake in the company and managed to take us public. In the meantime, we are attracting people to our stock through marketing, and with media groups like you guys right now, as well as press releases. In the past I had known quite a few major companies and we would hope to take advantage of them as time goes by and hopefully some of these will take an interest in the company as well. Again, we are quite pleased that we have generated so much interest so quickly. We think now with the ongoing programs we have and good management team, we can establish a good investor base and retain our stock through a decent price.”
CEOCFO: In closing, why should potential investors pick Kat out of the crowd?
Mr. Stead: “We feel like we are an exciting company. We have a field crew that knows what they are doing. We have some good past experience. Again, we are not a fly-by-night company; we are located in an area that is under-explored where in recent times have made new economical discoveries. If you were living in Canada and were monitoring province-by-province, you would find that Newfoundland has become one of the most exciting exploration provinces in the whole country. Our economy is a booming economy here in Newfoundland due mainly because of oil and mining. INCO has recently brought the Voisey’s Bay Nickel/Cobalt Deposit into production which is a very rich deposit found in the Labrador part of the province. They are now in the process of building a $2 billion smelter refinery in Long Harbor. So the province itself is very exciting when it comes to new mining and oil discoveries. So KAT Exploration has great plans of moving forward, and we know what we are doing. We have good properties, good prospects, and good mining operations next door to us, so we can sell any discovered deposits. The government is mining friendly with great infrastructure in place. When all is said and done, we see ourselves as having a long prosperous future with all of this at our fingertips. So if investors are looking for a company that is going to be around for awhile, KAT will be around awhile for sure.”
“Our Handcamp Gold Property is very exciting and of great interest for us to move it forward. It is right in the mining district where there are operating gold mines. So it would be an easy property for us to either farm out or to probably sell outright if we do our own work and bring it to feasibility study to determine what the reserve is.” - Ken Stead
Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.
In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been activily working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the companies priorities.
Email: kstead@katexploration.com
Timothy R. Stead, VP of Field Operations Timothy R. Stead is a co-founder of Kat Exploration Inc., and has been VP of Field Operations. since the company's incorporation in December of 2005. Mr. Stead completed a prospector's training course in 2000, where he was then working in the field for Cornerstone Resources Inc. He has many years of experience and knowledge working with Sediment-Hosted Copper on the eastern portion of the province of Newfoundland. Mr. Stead has acquired much experience and knowledge of massive sulphide deposits as well as gold, and at present is overseeing a work program on one of the companies most exciting gold properties.
Email: tstead@katexploration.com
Head Of Corporate Development... John D Zwicker.
For many years Mr. Zwicker held a position as director of Public Works for a large Municipality in NS. Included in this position was the oversight of large construction contracts, and managing a large budget and work force necessary to maintain the department. He also has entrepreneurial business and management experience. For a period of time Mr. Zwicker owned and operated a private business along with a partnership in a Printing and Stationary firm. For a number of years, he has served in voluntary work that has required people skills and the organizing of large events.
With Mr. Zwickers organizational skills, we believe his common sense approach to business and business related decisions will assist our company to move forward and reach it's goals.
Kat Explorations Inc. 15 Blade Cresent Mount Pearl, NL A1N 5L1 (p) 709.368.1024 or 709.690.2908 (e) info@katexploration.com Re: Kat Exploration PRs Post by sandi66 on Oct 20, 2009, 6:13am
Colliers Property
Mineralization consisting of chalcopyrite, bornite and calcite which occurs as patches and as fillings of fractures in the andesitic and basaltic rocks of the Harbour Main Group. The occurrence consists of an old working with a 90 foot (27 m) shaft. Malachite stains are abundant on the surface of the host rock. Copper Mineralization also occurs in the subaerial mafic volcanic rocks as occurrences which usually contain one or more of native copper, chalcocite, chalcopyrite, covellite and bornite in veins, amygdule fillings, disseminations and shear zones. This deposit was documented as early as 1868, and other than the 27m shaft this deposit has never been drilled off leaving much unknown about the source and amount of contained copper and silver within this deposit. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver.
Colliers- Exploration Results- Click Here
Colliers- Report on Property Examination-Click Here
Rusty Ridge Property
The Results of this phase of the exploration program was highly successful in idenifying coincidental magnetic IP reistivty and soil geochemical anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia. Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional enviroment within peralkaline rocks emplaced adjacent t a regional fault system. The presence of a large magnetic body that appear to be intrusive into the overlying rock sequenc that appear regionally altered, are variably pyreticand contain vein type fluorite mineralization and appars to suggest a magnetic origin for the mineraliztion. A recently completed 3D inversion modeling of the airborne magnetic data, show a discreet, strong magnetic anomaly underlyin the rusty ridge area. Coincidental with this moderate to strong IP chargeability anomalies that suggest either, graphite or significant concentrations of sulphides. Graphite can be for the most part elminated as the rocks are terrestrial, not marine meaning that conductive argillaceous rocks would not be expected in this enviroment. Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper. The host rocks for most of the mineral occcurances and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, heatitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite. This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.
For Rusty Ridge 3D Model- Click Here
For Rusty Ridge Airborne Survey- Click Here
Handcamp Gold Property
The "Handcamp" gold property held by a group of prospectors is comprised of 17 claims and is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment. One 50m wide mineralized zone lies within a stratabound structurally complex zone which lies near a major east-directed thrust within the Roberts Arm Group and is reflected in folding, shearing and mylonite development. A volcanogenic sulphide zone lies within a northeast-trending sequence of mainly submarine mafic volcanic rocks and minor felsic volcanics and interbedded chert and argillite of the Roberts Arm Group. The sulphide mineralization includes Galena and Sphalerite along with Pyrite. Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m. Significant gold values have also been obtained from white chert. Assay results from the Handcamp property have given a wide range of gold values such as 53.3 g/t Au with over 2oz silver/ton. A number of grab samples assayed 20 g/t,94 g/t, with one grab reportly as high as 158.9 g/t. Both lead and zinc of up to 2% are also from these same samples. A previous drill hole encountered .39oz of gold over 7 feet, with visible gold been panned from a recently trenched outcrop. Kat Exploration owns 60 claim block surrounding the main Handcamp gold showing and has a work program in place for the immediate spring that will see prospecting, some trenching and diamond drilling over high priority areas.
Shaylee
Rock Types: Sericite schist derived from felsic volcanic and epiclastic sedimentary protholiths. The region is traversed by numerous faults, most of which are high-level brittle features. The most notable of these are the Charlottetown, Salmon Brook and Platter Cove Faults and the unnamed structure that defines the western boundary of the Love Cove Group. Some of these may represent brittle reactivation of earlier, more fundamental structures. The Shaylee copper mineralization is in a rock cut on the Bunyon's Cove road. The mineralization is approx 75m wide and continues to the shoreline approximately 1km and consists of stringers of native copper, Chalcocite and Malachite staining. Continuing along the road approximately 200m, there is another copper zone containing Chalcocite and Malachite. This showing is approximately 50m wide
South Lucky Copper
Copper mineralization is quite visible in an old pit near the gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. More ground work is planned for the Northern portion of the property in the upcoming season.
WESTERN TRANSITIONS, INC 15-12G filed on 06/08/2009 Company Filings
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 0-29545
KAT Exploration, Inc .
(Exact name of registrant as specified in its charter)
15 Blade Crescent
Mount Pearl, Newfoundland, Canada
A1N 5L1
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Common Stock, Par Value $0.001 Per Share
(Title of each class of securities covered by this Form)
None
(Title of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule/provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a) (2) (ii) [_] Rule 12h-3(b) (2) (ii) [_]
Rule 15d-6 [_]
Approximate number of holders of record as of the certification or notice date:
Common Stock, par value $0.001 per share 98
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Kat Exploration, Inc. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Kat Exploration Report on Recent Discoveries on its "Lucky" Property
Press Release Source: Kat Exploration Inc. On 7:05 am EST, Monday November 23, 2009
Companies:Kat Exploration Inc. MOUNT PEARL, Newfoundland--(BUSINESS WIRE)--Kat Exploration (OTC-Pink Sheets: KATX) is happy to report that its exploration program carried out this summer on its 100% wholly owned “Lucky” Property has been a real success.
Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approximately 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon. The most recent work uncovered several large areas of semi-massive to well disseminated chalcopyrite approximately 4 miles on strike from the open pit which reveals the highest copper grades to date.
This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.
To secure an area of interest the company recently staked 1225 acres of new land mass where some recent grab samples produced copper results of .5% along with anomalous gold.
More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.
In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
At this time the board of Directors would like to inform investors who have voiced concerns regarding the amount of the KATX authorized shares. The Company has 3 billion shares authorized. The authorized includes three separate series of reserved shares of which two are non-dilutive. These two series of reserved shares are equal to the fully diluted voting capacity of 66% of the Company’s controlling interest to protect the company from any hostile takeover. Therefore, there are actually only approximately 500,000,000 shares available for common issuance within the authorized shares.
About Kat Exploration Inc
Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company’s objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Kat Exploration IncKen Stead, 709-368-9223 or 709-690-2908Presidentkstead@katexploration.com www.katexploration.com
Kat Exploration Announces Latest Result on Its "Rusty Ridge"
Press Release Source: Kat Exploration Inc. On 7:05 am EST, Wednesday November 25, 2009
Companies:Kat Exploration Inc. MOUNT PEARL, Newfoundland--(BUSINESS WIRE)--Kat Exploration Inc. (OTC-Pink Sheets: KATX) www.katexploration.com
Kat Exploration is pleased to announce the results of its latest work program on its 100% wholly owned Iron Oxide, Copper, Gold(IOCG) “Rusty Ridge” property. Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body(can be viewed on Kat’s website)that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
The latest work program carried out on the far northern portion of the property has revealed new gold discoveries as high as 2 g/t and elevated Light Rare Earth Elements (LREE). This latest discovery is of most interest to the company as it is approximately 1kms from the magnetic anomalies in an under explored area.
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat’s website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples. As well other rare earth elements Yttrium(Y), Niobium(NB), Zirconium(ZR) along with Uranium, were all detected in both soil and rock samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper.
The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Re: Kat Exploration PRs Post by sandi66 on Dec 21, 2009, 7:17am
Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
Press Release Source: Kat Exploration Inc. On Monday December 21, 2009, 8:00 am MOUNT PEARL, NL--(Marketwire - 12/21/09) - Kat Exploration Inc. ("Kat") (Pinksheets:KATX - News) www.katexploration.com
The company is pleased to announce that further to its news release on December 9, 2009 of a LOI it has now completed the signing of an option agreement with Steve Courtney, a senior prospector for the Twi-Lite gold property consisting of 48 claims, located 14 kilometers southwest of Grand Falls-Windsor, Newfoundland.
Kat has agreed to acquire a 100 percent interest in the Twi-Lite property during a three-year period in consideration of total cash payments of $144,000, which includes a payment of $18,000 on signing $30,000 on first anniversary of the option agreement, $46,000 second anniversary and $50,000 third anniversary. No shares of Kat Exploration are involved in the deal.
Kat Exploration will be the operator of the project during the option period.
"We are very pleased to have the Twi-Lite property as part of our gold portfolio. It provides us with greater opportunity to expand our position as a real gold player. The company's field crews will now build on past work and examine high priority targets which offer excellent potential for the discovery of new gold mineralization.
"Our management team believes that Twi-Lite is a highly prospective property based on strong exploration results to date, its favorable geology and strategic location," said Ken Stead, President and CEO of Kat Exploration.
Some results to date:
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold).
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t).
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t).
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t).
Information pertaining to the Twi-Lite property will be posted to the website in the very near future.
About Kat Exploration
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties throughout the province of Newfoundland. It is the Company's objective to take advantage of increased activity to generate joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
Kat Exploration Summary of Latest Events MOUNT PEARL, NEWFOUNDLAND--(Marketwire - January 6, 2010) - Kat Exploration Inc. -- (PINKSHEETS: KATX) www.katexploration.com -- Kat Exploration is pleased to report that due to its filing of updated information, it has met all pink sheets regulations and requirements, which once again moves Kat back in the "Current Information" Status.
Over the next couple of weeks, news will be made available to the public with regards to the company's funding efforts and latest results from recent work on the "Handcamp" gold property.
The Board of Directors is very pleased with recent events and feels that 2010 will be a very successful year for the company.
About Kat Exploration Inc.
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 Website: www.katexploration.com Email: kstead@katexploration.com
Kat Exploration -- Retires and Eliminates 2 Billion Shares From Treasury MOUNT PEARL, NEWFOUNDLAND--(Marketwire - January 14, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) (www.katexploration.com) would like to inform its investors that it has retired and eliminated 2,000,000,000 shares from its treasury of authorized shares which was originally 3,030,000,000 shares. The new amount of authorized shares is 1,030,000,000 shares. The company's final share structure will be updated on pinksheets.com.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO Kat Exploration Inc. Office: 709-368-9223 709-368-9224 Cell: 709-690-2908 Fax: 709-368-9213 www.katexploration.com kstead@katexploration.com
Kat Exploration Secures up to $5 Million Funding With 50 Million Restricted Shares and Retires REG-D 504 MOUNT PEARL, NL--(Marketwire - January 15, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration has secured funding for up to $5 million. The funding contract guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.
Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO Kat Exploration Inc. Office: 709-368-9223 709-368-9224 Cell: 709-690-2908 Fax: 709-368-9213 www.katexploration.com kstead@katexploration.com
KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on the Horizon
January 19, 2010
MOUNT PEARL, NL--(Marketwire - 01/19/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.KATexploration.com, along with its private group of investors who recently funded the company with up to $5 million for 50,000,000 restricted shares, has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. The Private Independent Consultants possess a wealth of experience in the business arena throughout the world and will bring an entire new level of professionalism and key relationships to KAT Exploration as it moves forward.
We feel it to be in the best interest of our shareholders for KAT to seek a dual listing on a major exchange. Along with a US listing, we will now proceed to meet the requirements of gaining a listing on one of the largest Asian Stock Market Exchanges, later to be named. This too is being organized by our Private Independent Consultants.
Along with the new listing, our Consultants will assist in increasing shareholder value by diversifying and adding "Carbon Credit" projects into KAT's portfolio of assets. It is expected that these projects will generate significant amounts of revenue to KAT's bottom line financials. A choice of Carbon Credit projects in Brazil and Sierra Leone are being considered at this time. KAT believes that adding a piece of carbon credit assets to its portfolio will greatly enhance shareholder value.
The New York Times released an article that explained how carbon trading is one of the "fastest-growing specialties in financial services" and how many companies are trying to figure out how to get "a slice of a market now worth about $30 billion and that could grow to $1 trillion within a decade." The article further states that "Carbon will be the world's biggest commodity market, and it could become the world's biggest market over all."
The World Bank manages over $2 billion dollars to purchase credits of greenhouse gas emission reductions from projects that are expected to be registered for the purposes of the Kyoto Protocol's Article 12 (Clean Development Mechanism) or Article 6 (Joint Implementation). As governed by the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol is an international agreement linked to the UNFCCC. The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.
Private consulting arrangements have been agreed upon which the company believes will greatly contribute towards the growth of the company to justify any current increase in its share structure to provide this array of mining and listing support while securing carbon credit assets. All of these actions are believed to greatly enhance shareholder value of which will be announced later. This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued. The company's final share structure will be updated on pinksheets.com very soon.
We would like to emphasize that while our Consultants will be concentrating on new projects, our mineral properties, especially Gold, will remain the center of our focus.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Contact:Ken Stead President / CEO KAT Exploration Inc.Office: 709-368-9223 709-368-9224Cell: 709-690-2908 Fax: 709-368-213 www.KATexploration.com kstead@KATexploration.com
KAT Exploration Inc. Joins Information Portal StockProfile.com
January 20, 2010
MOUNT PEARL, NL--(Marketwire - 01/20/10) - Kat Exploration Inc. (Pinksheets:KATX - News) today announced that it has joined www.StockProfile.com, a customized web-based platform showcasing emerging growth stocks.
StockProfile.com provides the investing public with a free unique information portal for investors who like to conduct their own research and make their own investment decisions. The platform allows users to review and investigate dynamic publicly traded companies in a user-friendly environment.
Ken Stead, President/CEO, states, "We are delighted to have been invited to enlist on StockProfile.com. This will now act as another tool for creating greater accessibility to Kat's activities for the general public."
If you are interested in viewing - Kat Exploration Inc. profile, please visit www.StockProfile.com.
About KAT Exploration, Inc.
KAT Exploration, Inc. engages in the exploration of mineral properties primarily in Canada. It primarily explores for gold, copper, and silver. The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our focuses, the company has a greater interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand its focus in this area as well. With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential.
KAT Exploration -- Handcamp Soil Samples Submitted for Analysis
January 25, 2010
MOUNT PEARL, NL--(Marketwire - 01/25/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.KATexploration.com
A total of 593 soil samples from the Handcamp gold property have been submitted to Actlabs in Ontario, Canada for Gold and base metal analysis.
The company is anxiously awaiting those results as they will assist in identifying other gold anomalies throughout the property, which in turn will provide important data for additional drill targets.
Results from the first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. The company feels that if this is any indication as to what might be discovered through this latest batch of soils submitted for analysis, it would increase the Handcamp gold potential significantly.
Not to be overlooked is the fact that quite a number of massive to semi-massive sulphide anomalies including Silver, Zinc, Copper & Lead, have also been detected in the first round of soil analysis and rock samples as well.
This combination of Gold and base metals, lends itself to a potential of much higher value than just gold alone, which is another reason why Kat has made the Handcamp property one of its high priority projects for 2010.
As soon as results are received from this latest batch of soil samples, the final 800 soil samples will be submitted for gold analysis. Upon receipt of these results, data will be compiled and a very definitive drill program will commence.
At that point in time Kat will develop a (NI) 43-101 Standards of Disclosure for this Handcamp property.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Kat Exploration Reports Additional Copper Find on Its "Lucky" Property MOUNT PEARL, NL--(Marketwire - January 27, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) has been busy uncovering new copper showings on its 100% wholly owned "Lucky" Property with very impressive malachite and chalcocite discovered in its latest trenching.
The trenching took place within the same horizon where recently discovered copper returned results of up to 2.5% CU strata bound within the more sandy beds of the sediments.
As digging was most difficult in the shattered rock zone, the trench was only excavated to approximately 2 meters with copper throughout the entire trench and continues at depth as the mineralized horizon containing the copper is up to 300 meters in places throughout the property.
Each new copper discovery on the "Lucky" property lends itself to significantly boosting its potential to a higher likelihood of acquiring a JV partner.
In recent months, the area where the "Lucky" property is located has drawn the interest of a major world class mining company and Kat will continue to bring both the North and South "Lucky" properties to their full potential.
This Press Release contains some photos of the trenching and latest discovery of the new copper.
The type of environment where the "Lucky" property is located has the potential to produce low grade, large tonnage copper deposits similar to those found in the Zambia copper belt.
About Kat Exploration Inc.
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President Office: 709-368-9223 709-368-9224 Website: www.katexploration.com Email: kstead@katexploration.com
Re: Kat Exploration PRs Post by sandi66 on Mar 1, 2010, 9:52am
KAT Exploration Receives Very Exciting Gold Results From Handcamp Soil Samples MOUNT PEARL, NL--(Marketwire - February 1, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) (www.KATexploration.com)
Results for the 593 soil samples from the Handcamp gold property which were submitted to Actlabs in Ontario, Canada for Gold and base metal analysis have been received.
Of the 593 samples submitted, an amazing 239 samples have tested positive for gold. These samples are now being plotted on grid maps from in-house but will also be contracted to an independent geologist for plotting as well. These results will be plotted digitally so they can be posted to Kat's website for investor viewing. These soil samples were taken from a 44 line km grid totaling a 2sq km radius.
Ken Stead, President/CEO, stated, "While soil samples are a great tool for identifying mineral anomalies underneath the overburden, if not done right the samples could show a negative response. The fact that the taking of these soils was contracted out can cause a company to be a little nervous, in the case that the proper care is not taken to get the 'B' horizon soil which contains the most abundant of minerals unlike the 'A&C' horizons."
"However, we are extremely pleased with the results which in turn show that the contractor who collected the soils did a good job. While the company was expecting good results, we never imagined that gold would show up in such a large number of samples. Just from a quick review of the results of the larger gold numbers, it is obvious that there are other areas on the property hosting significant gold and base metals."
The remaining, approximately 800 soil samples from this 44 line km grid within the 2sq km's are now being prepared for immediate transporting to the lab for analysis.
The first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. These latest results will no doubt aid in extending the strike length of the already discovered high grade gold areas. Some of the latest 593 samples were sent from areas over 600 meters from the high grade zones, which demonstrate the significance of how widespread gold is throughout the property.
The final batch of soils will help fill in the gaps between some of the areas that have not been tested for gold and help identify areas of any significant size.
As soon as results are received from the remaining 800 soil samples, we will notify the public of the results, and these too will be digitally plotted by an independent geologist in order to have them posted to the website.
On behalf of the company we would like to say that "we are very excited over the fact the each phase of work on the Handcamp property only adds to its potential in a most positive way."
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Cell: 709-690-2908 Fax: 709-368-9213 www.KATexploration.com kstead@KATexploration.com
Katanga Mining Invests in DRC Agricultural Projects and Will Not Be Adversely Affected by Recent Export Restrictions
BAAR, SWITZERLAND--(Marketwire - Feb. 3, 2010) - Katanga Mining Limited (TSX:KAT) (the "Company") announces that it continues to invest in agricultural projects in the Katanga region of the Democratic Republic of Congo and will look to increase this investment in an appropriate manner. Accordingly, the Company believes the recently announced export restrictions on companies failing to invest in agricultural projects in the Katanga region will not adversely affect the Company's business.
About Katanga Mining Limited
Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
For more information, please contact
Katanga Mining Limited John Ross CEO +41 (041) 766 71 10 or Katanga Mining Limited Nick Brodie CFO +41 (041)766 71 12
Katanga Announces 2009 Fourth Quarter and Year-End Results
BAAR, SWITZERLAND--(Marketwire - Feb. 8, 2010) - Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") today announces its financial results for the 2009 fourth quarter and fiscal year end. Katanga's Financial Statements and Management's Discussion and Analysis will be filed on SEDAR, www.sedar.com.
Highlights for the fourth quarter ended December 31, 2009
For the fourth quarter, the Company had a gross profit of $16.8 million and net income of $15.3 million. Total sales revenue for the quarter was $100.0 million generated from the sale of 10,275 tonnes of copper and 680 tonnes of cobalt. Cash flow from operating activities before changes in non-cash working capital showed a positive contribution of $15.5 million. Production records were set in all areas of Katanga's business, including: o KTO Underground Mine ore mined 329,703 tonnes with an average copper grade of 3.84% and an average cobalt grade of 0.53%; o T17 Open Pit ore mined 658,120 tonnes with an average copper grade of 1.08% and an average cobalt grade of 0.93%; o the Kamoto concentrator processed 581,876 tonnes of ore and produced 54,782 tonnes of concentrate; and o Luilu processing plant produced 13,382 tonnes of copper and 824 tonnes of cobalt.
On October 1, 2009, the Company commenced commercial production from Phase II of the rehabilitation program. At that point, the Company had exceeded 70% of the planned increase in capacity (to 70,000 tonnes per annum of copper cathode) and had shown that the increase was sustainable.
Pre-stripping and dewatering of the KOV pit commenced in November 2009. Commercial production from this pit is expected to commence in the third quarter of 2010 in line with the new Accelerated Development Plan discussed below.
Highlights for the year ended December 31, 2009
Copper production in 2009 totaled 41,964 tonnes, cobalt production totaled 2,534 tonnes and finished copper concentrate totaled 4,120 tonnes (with a contained metal content of 1,714 tonnes). From the first quarter to the fourth quarter, copper production increased from 8,715 tonnes to 13,382 tonnes and cobalt production increased from 487 tonnes to 824 tonnes.
KTO Underground exceeded 1,000,000 tonnes of ore mined by 94,088 tonnes with an average copper grade of 3.85% and an average cobalt grade of 0.49%.
T17 Open Pit mined 1,687,978 tonnes of ore with an average copper grade of 1.30% and an average cobalt grade of 0.85%.
Total sales revenue for the year was $285.5 million generated from the sales of 38,126 tonnes of copper, 2,260 tonnes of cobalt and 16,952 tonnes of cobalt concentrate. Total gross loss for the year was $37.0 million and the net loss was $108.0 million.
The Company strengthened its financial position during the year and achieved other important milestones in its business, as follows: o raising an additional $100 million through the issuance of a convertible loan facility which was fully converted into equity on June 2, 2009; o raising $250 million through a rights offering completed on July 7, 2009; o signing a new Joint Venture Agreement ("JVA") with Gécamines on July 25, 2009. The major areas covered by the new JVA being the release of the Dikuluwe and Mashamba West deposits with the associated agreement on replacement deposits; the merger of the Kamoto Copper Company SARL ("KCC") and DRC Copper and Cobalt Project SARL joint ventures; and the transfer of necessary exploitation permits; o completing, with a positive outcome, the mining license review initiated by the Government of the Democratic Republic of the Congo; o announcing the accelerated development plan ("the Accelerated Development Plan") on September 8, 2009, to ramp up the project to 150,000 tonnes of copper and 8,000 tonnes of cobalt per annum through the early completion of Phases III and IV. Katanga continues to expect the Accelerated Development Plan will be funded from existing cash balances and cash generated by operations (based on current copper and cobalt prices and current operating cost assumptions); o acquiring Kamoto Operating Limited ("KOL"), which was the operator of the assets of KCC in the DRC, on September 23, 2009. As one of the requirements of the new JVA, the KOL operating agreement was terminated on September 30, 2009.
Outlook
The Company is forecasting production of 82,000 tonnes of copper cathode and 5,500 tonnes of cobalt metal in 2010. The Company expects to continue the Accelerated Development Plan up to a production capacity of 150,000 tonnes of copper and 8,000 tonnes of contained cobalt per annum by the second quarter of 2011. The Company continues to expect that the Accelerated Development Plan will be funded from existing cash balances and cash generated from operations (based on current copper and cobalt prices and current operating cost assumptions). Katanga expects an amendment to the Technical Report of March 17, 2009 will be issued by March 31, 2010 to incorporate the new Accelerated Development Plan. The Company expects to undertake a Scoping and Engineering study that will review the process engineering completed for the planned new SX/EW plant with a view towards reducing the capital expenditures and simplifying process design to facilitate the integration with the current site infrastructure. John Ross, the new CEO of Katanga commented as follows on the year and the outlook going forward: "Katanga re-established its short and medium term objectives in 2009 and consolidated efforts to improve the fundamental aspects of the business with regards to safety, production and unit cost of production. Significant progress in these areas, coupled with concluding the Joint Venture Agreement and obtaining additional financing to strengthen the balance sheet, has resulted in a solid foundation from which Katanga can continue to develop its assets to increase productivity and to sustain profitability."
About Katanga Mining Limited: Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
Forward-looking Information
This press release contains "forward-looking statements" within the meaning of Canadian securities legislation, concerning the business, operations and financial performance and condition of Katanga. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget,", "scheduled estimates", "forecasts", "outlook", "intends", "anticipates", "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur", or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Katanga to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks relating to the refurbishment of existing facilities; unexpected events during construction, expansion and start-up; variations in ore grade or tonnes mined; future prices of copper and cobalt; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; political unrest and insurrection; acts of terrorism; accidents, labor disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed herein or referred to in the current annual information form of the Company filed with the securities regulatory authorities in Canada and available at www.sedar.com. Although management of Katanga has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Katanga does not undertake to update any forward-looking statements that are incorporated herein, except in accordance with applicable securities laws.
For more information, please contact
Katanga Mining Limited John Ross CEO +41 (41) 766 71 10 or Katanga Mining Limited Nick Brodie CFO +41 (41) 766 71 12
KAT Exploration Secures Large Land Packages Around Its Handcamp and Twi-lite Properties MOUNT PEARL, NL--(Marketwire - February 8, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com would like to inform its investors that it has secured areas of interest around its Handcamp and Twi-lite properties.
The company thought it very important to stake the land packages around both these properties as gold is becoming the main interest amongst exploration companies today.
A total of 5,311 acres was staked around our Handcamp property along with 5,805 acres around the Twi-lite property.
This will now allow the company to carry out larger exploration programs in both these areas in a quest to extend the present gold discoveries.
As was previously mentioned in a press release, we are actively compiling data from our latest soil and rock samples and have just transported another 714 soil samples to Actlabs for analysis.
Upon completion of this project the final results will be posted to our website and will also be displayed at the PDAC mining conference in Toronto early March.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 www.KATexploration.com kstead@KATexploration.com
KAT Exploration Discovers up to 5840 PPB of Gold in Soil Samples and 31.4 g/t Au in Outcrop at Handcamp Gold Property MOUNT PEARL, NF--(Marketwire - March 1, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com --
KAT Exploration is pleased to release the results of 1457 soil samples received from Actlabs in Ontario, Canada for Gold and base metal analysis. The results have shown several very impressive anomalies over certain sections of the grid which encompass less than one quarter of the overall property. Soil samples have been digitally plotted by an independent geologist on grid maps that can be viewed at KAT's website www.katexploration.com under the "Handcamp" Property.
To the SE portion of the grid lies a very strong, distinct anomaly of Zinc stretching for over 900m X 300m that would no doubt warrant intense follow up.
To the West and NW portion of the grid is a very large cluster of Copper anomalies extending beyond the western boundary of the grid. This is also very exciting as it leaves the door open for more discoveries off the grid, yet still on the Handcamp property.
Of most interest to the company and importance to the property is the extent of Gold throughout the western, central and NE parts of the grid. In all three sections where high gold results are located in soils, rock samples have verified gold in the underlying outcrops with the central portion of the grid being particularly impressive, where soil results were as high as 5840ppb Au with 31.4 g/t Au in outcrop underneath this same area.
These soil samples were from a grid of 44 lines with each line one kilometer (km) in length. On the compilation soil map, there is quite an obvious overlay of base metals and gold that will also be given much attention by trenching, rock sampling and drilling.
The company will now proceed with its next phase of work bringing to the fore the full potential of this property. Ken Stead, President/CEO, stated, "We are extremely pleased with the results and happy to report that the 'Handcamp' property will now receive a planned drill program."
These main anomalies extend as much as 1 km (1000 meters) from the high grade zones where the first phase of drilling will take place. This demonstrates the significance of how widespread gold and base metals are throughout the property.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 www.katexploration.com kstead@katexploration.com
KAT Exploration Welcomes Corporate Attorney to Board of Directors MOUNT PEARL, NL--(Marketwire - March 4, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) -- www.KATexploration.com
Kat Exploration is very pleased to announce that W. Les Thistle has agreed to join the company as a director. Mr. Ken Stead, CEO, commented, "On behalf of the board of directors, we are delighted to have someone with the caliber of expertise and experience Mr. Thistle will bring to our company as we move forward toward meeting our goals as previously stated.
"With the addition of Mr. Thistle to the board as Kat's Corporate Attorney, we hope to strengthen investor confidence in that Kat is very serious about growing the company. "
Below is some information regarding Mr. Thistle's biography.
W. Les Thistle -- Director and Legal Counsel - KAT Exploration Inc.
W. Les Thistle was appointed legal counsel and a director of KAT Exploration Inc. on February 19, 2010.
Mr. Thistle graduated from Memorial University of Newfoundland in 1991 with a Bachelor of Commerce degree (concentration in finance), from Osgoode Hall Law School in Toronto in 1994 with a Bachelor of Laws degree (concentration in corporate and tax law) and was admitted to the Bar of the Law Society of Newfoundland and Labrador in 1995.
After finishing law school, Mr. Thistle practiced at 2 law firms in the St. John's area of the Province of Newfoundland and Labrador, Canada, before starting his own firm. In 1996 Mr. Thistle founded W. Les Thistle Law Office, a general practice law firm located in the City of Mount Pearl, in the Province of Newfoundland and Labrador, Canada. The law firm serves corporate and individual clients throughout Canada. Mr. Thistle is the senior lawyer at the firm. His primary areas of practice are corporate law, contract law, real estate and personal injury. Mr. Thistle has litigated matters in all levels of court in the Province of Newfoundland and Labrador including the Court of Appeal of the Supreme Court.
Mr. Thistle is committed to using his ethical approach to business and the law and his experience in the legal and business communities to serve the needs of KAT Exploration Inc.
Mr. Thistle's website is under construction.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 www.KATexploration.com kstead@KATexploration.com
KAT Exploration Welcomes Corporate Attorney to Board of Directors MOUNT PEARL, NL--(Marketwire - March 4, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) -- www.KATexploration.com
Kat Exploration is very pleased to announce that W. Les Thistle has agreed to join the company as a director. Mr. Ken Stead, CEO, commented, "On behalf of the board of directors, we are delighted to have someone with the caliber of expertise and experience Mr. Thistle will bring to our company as we move forward toward meeting our goals as previously stated.
"With the addition of Mr. Thistle to the board as Kat's Corporate Attorney, we hope to strengthen investor confidence in that Kat is very serious about growing the company. "
Below is some information regarding Mr. Thistle's biography.
W. Les Thistle -- Director and Legal Counsel - KAT Exploration Inc.
W. Les Thistle was appointed legal counsel and a director of KAT Exploration Inc. on February 19, 2010.
Mr. Thistle graduated from Memorial University of Newfoundland in 1991 with a Bachelor of Commerce degree (concentration in finance), from Osgoode Hall Law School in Toronto in 1994 with a Bachelor of Laws degree (concentration in corporate and tax law) and was admitted to the Bar of the Law Society of Newfoundland and Labrador in 1995.
After finishing law school, Mr. Thistle practiced at 2 law firms in the St. John's area of the Province of Newfoundland and Labrador, Canada, before starting his own firm. In 1996 Mr. Thistle founded W. Les Thistle Law Office, a general practice law firm located in the City of Mount Pearl, in the Province of Newfoundland and Labrador, Canada. The law firm serves corporate and individual clients throughout Canada. Mr. Thistle is the senior lawyer at the firm. His primary areas of practice are corporate law, contract law, real estate and personal injury. Mr. Thistle has litigated matters in all levels of court in the Province of Newfoundland and Labrador including the Court of Appeal of the Supreme Court.
Mr. Thistle is committed to using his ethical approach to business and the law and his experience in the legal and business communities to serve the needs of KAT Exploration Inc.
Mr. Thistle's website is under construction.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 www.KATexploration.com kstead@KATexploration.com
Kat Exploration - Calls Tenders for Drilling Operations on Its Handcamp Gold Property MOUNT PEARL, NEW FOUNDLAND--(Marketwire - March 15, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
The company would like to inform its investors that it has put out a call for tenders on its upcoming drill program for its Handcamp gold property. Three bids will be submitted to the company in which the board of directors will select the appropriate choice.
The drill program will commence as soon as ground conditions are favorable and all permits are in place.
For the past several weeks the company has engaged the assistance of a contracted geologist to compile all property data in order to outline favorable drill targets and to submit all government applications for the approval of mobilizing drill rigs to the site.
As this project moves forward the company will update its shareholders when new information becomes available.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact: Ken Stead President / CEO Kat Exploration Inc. Office: 709-368-9223 709-368-9224 Fax: 709-368-9213 www.katexploration.com kstead@katexploration.com
Excellent post! I will say that it doesnt reflect any downside to investing in mining companies which can be huge and risky and I think that people need to know that. I think anyone up 400% would be a fool not to take at least some of your original investment off the table. You still have 300% of your original investment. However on that note, there is clearly a very large buyer/buyers snapping up shares at these prices and I think that they are buying on inside information. I got in at around .19 so Im one thats in for the longer haul. Just saying, Disclosure: Long
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