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Replies to post #54072 on Golkor Inc (GKOR)
05/31/10 11:17 PM
05/31/10 11:38 PM
MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1
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 [COPPER]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.
ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
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 [COPPER] 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 [B]2 meters with copper throughout the entire trench[/B] 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 [VALE INCO]and Kat will continue to bring both the North and South "Lucky" properties to their full potential.
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.
www.marketwire.com/press-release/Kat-Exploration-Reports-Additional-Copper-Find-on-Its-Lucky-Property-1107944.htm
MOUNT PEARL, NL--(Marketwire - March 17, 2010) - KAT Exploration Inc. is pleased to announce that it has staked 346 new claims of approximately 125sq KM over impressive copper discoveries in the southern portion of the Bonavista peninsula, south of its Lucky properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a favorable area where the geology, sub-aerial mafic and felsic volcanic rocks are the same as that hosting its Rusty Ridge (IOCG) property.…
Large brecciated, hematitic felsic volcanic rocks permeate the southern portion of the new claims creating the same type of environment found on the Rusty Ridge property allowing for the same high potential of another Iron Oxide, Copper-Gold (IOCG) discovery.
With copper demands on the rise worldwide, KAT feels it important to have a well stacked portfolio of copper properties that would generate significant interest from major copper producers
With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer.
http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm
MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1
06/01/10 12:09 AM
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