Please Read all the way down (main points in bold text). Keep in mind that this is just a compilation of various people's posts and not meant to be the definitive status of the drilling program. I did not personally speak with Jack Zwicker, so this is just to summarize what others have stated.
From Gold56 on May 19, 2010:
Quote: -------------------------------------------------------------------------------- just got e-mail from Ken. I asked if there was a permitting problem. He said yes, but they would have permit in hand within 2 days at the most.
Quote: -------------------------------------------------------------------------------- Got the same answer from Jack from IR just a few minutes ago...
From E-mail received by CH from Ken on May 20, 2010:
Quote: -------------------------------------------------------------------------------- Hi XXXX
We have initiated the project and our geologist [is] now laying out extended geophysics over what we believe to be hot areas and trenching should start real soon with the drill rig right behind it. We’ll inform our investors as soon as the drill rigs are mobilized to the property which will be soon, thanks
Quote: -------------------------------------------------------------------------------- "Spoke to Jack Zwicker just now....He says there should be news released about the drilling shortly..maybe in the next few days."
His exact words "we are very optimistic with the drilling that will be commenced shortly and I beleive we should have public news coming out shortly" He did mention a few days but...
"Drilling takes time....your planned date of commencing the drilling is usually always delayed by some unforseen situation. They are on track as I did speak to them today."
Quote: -------------------------------------------------------------------------------- Haste makes waste. I spoke to John for about 10 minutes today.
He said specifically that he thought people misunderstood the PR a month and a half ago. He mentioned that they choose their words for their PR's very carefully and specifically refrenced their PR saying when they said they would "initiate a drill program of its Handcamp property in Newfoundland during the second week of May" they said drilling program, NOT drilling. He said explortion and the process is as important if not more so than the drilling itself. He said the team has been on the property for some time now. They have NOT begun drilling and they are taking their time making sure they find the best points to start. He said they have been taking small samples still to determine this and that they are "VERY HAPPY" with those recent samples.
Quote: -------------------------------------------------------------------------------- KAT Exploration has accepted the drill contract tender from Cabo Drilling to initiate a drill program of its Handcamp property in Newfoundland during the second week of May 2010. KAT plans to drill a minimum of 15 holes for a minimum of 1200 meters. However, if drilling results continue to prove successful the number of holes and meters will be extended to determine the significance of the discovery.
Quote: -------------------------------------------------------------------------------- I spoke with John ZWICKER yesterday and he did not say when the next PR was..but made it sound like when we got 1 we would get a mass amount of updates not just 1 and then another long wait.
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