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Replies to post #61802 on Golkor Inc (GKOR)
06/14/10 3:57 AM
06/16/10 11:08 AM
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.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
KAT Exploration, Inc. Distributes 1 to 4 OTCBB Shares of BVIG.OB and Provides Update on Handcamp Drill Project for NI 43-101 Preparation
MOUNT PEARL, NL--(Marketwire - June 8, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) http://www.katexploration.com
KAT Exploration, Inc. (PINKSHEETS: KATX) will distribute to its shareholders restricted shares of Bella Viaggio, Inc. (OTCBB: BVIG) which trades on the Over the Counter Bulletin Board (OTCBB). BVIG.OB was purchased for $305,000 in cash paid in full. KAT Exploration shareholders will receive 1 restricted share of (OTCBB: BVIG) for every 4 shares of (PINKSHEETS: KATX) owned up through the record date to be decided by its board of directors to be executed as early as possible. KAT Exploration shareholders will be unaffected while having restricted shares of BVIG.OB distributed as additional equity.
KAT Exploration has retained a Securities Law Firm that has facilitated and completed the administrative process to submit to FINRA for a name, ticker, and CUSIP number change for (OTCBB: BVIG).
KAT Exploration has retained an Auditing Firm that has completed the required audit of the Handcamp property that was placed into (OTCBB: BVIG). KAT Exploration will manage and oversee the operations of the (OTCBB: BVIG) Handcamp drilling program. KAT Exploration believes that because of the expected valuation that will come from its Handcamp and other high grade gold properties recently discovered that it would be better suited to position the properties within a higher market standard existing within a fully reporting OTCBB entity.
The new name for Bella Viaggio, Inc. will be "KAT Gold Holdings Corporation" that will be the parent company for all future OTCBB share distributions. The goal is to later merge (PINKSHEETS: KATX) into an OTCBB entity under KAT Gold Holdings Corporation as a wholly owned subsidiary on a 1 for 1 ratio basis. KAT Exploration will maintain all its high grade copper properties and is aggressively preparing to take its copper exploration and drilling programs to the next major stages of development to be announced soon.
Ken Stead, KAT Exploration, Inc. President and CEO, said, "This OTCBB share distribution is the first of more OTCBB share distributions that we are planning to distribute to our shareholders. We look forward to transitioning our shareholders out of the pink sheets market and on to the more transparent OTCBB market for now."
KAT Exploration has received approval of its drill permit from the Newfoundland Department of Mines and Energy to move forward towards the drill project on its Handcamp gold property. As previously announced, the drill contract has been awarded to Cabo Drilling for a minimum of 15 holes and a minimum of 1200 meters. There are approximately 20 km's of Induced Polarization (IP) that is nearly completed over various sections of the grid to assist in locating drill targets.
KAT Exploration recently announced that it had discoveries up to 5840 PPB of gold in soil samples and 31.4 g/t Au in the outcrop at the Handcamp gold property from the results of 1457 soil samples received from Actlabs in Ontario, Canada for Gold and base metal analysis.
Geologist, Mr. R. James Weick, has been engaged to oversee the drilling project and complete a NI 43-101 for the Handcamp property. Mr. Weick's qualifications can be viewed by clicking the link below.
http://www.katexploration.com/news/Geologist_Resume.pdf
We realize that many are anxiously waiting the actual drilling to begin. However, it is very important that initiating such a program that advanced ground work and data be in place. Our field crew has been in place for the past few weeks gathering all the necessary information and geophysics data to move the project to the actual drilling stage. We expect the actual drilling to shortly commence as the company will release an update to inform its shareholders. We appreciate your patience and encourage you to monitor our website for further updates.
Jack Zwicker
Kat Exploration Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
http://www.katexploration.com
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Distributes-1-4-OTCBB-Shares-BVIGOB-Provides-Update-on-Handcamp-1272825.htm
Jun 11, 2010 10:00 ET
KAT Exploration Signs Three-Year Option Agreement Contract With Vale
MOUNT PEARL, NL--(Marketwire - June 11, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) ("KAT") is pleased to announce that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern Newfoundland. Under the terms of the agreement, VEC has committed to an initial C$20,000 cash payment on signing and may elect to make further cash payments totaling C$75,000 over the three-year option period, and may elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.
Upon VEC's exercise of the option, a joint venture will be formed to further develop the properties, with each party contributing to further approved exploration programs as per their interest. VEC will be the operator of the exploration programs during the option period.
The Lucky properties are in a geological setting with the potential for sediment-hosted stratiform copper (SSC) deposits. The Lucky properties have the potential to produce low-grade, large tonnage copper deposits similar to those of the Zambia copper belt.
Ken Stead, President/CEO of KAT, states, "The very fact that a company of Vale's caliber has enough interest in the area and sees enough potential in the Lucky properties to warrant an option with KAT, leaves us very excited. We are very pleased to be exploring these copper properties with Vale and look forward to bringing them to their full potential."
The Lucky properties are located on the Bonavista Peninsula in eastern Newfoundland, and are accessible by well-maintained roads, allowing for exploration programs to be carried out fairly quickly and comfortably.
Copper mineralization is quite visible in an old pit near a gravel road with impressive malachite staining along with chalcocite strata bound within the more sandy beds of the sediments with assay results of 2.5% Cu in the more concentrated areas. The most recent discovery was on our North Lucky property where well-disseminated chalcopyrite was found in exposed outcrop approximately 10km north of the South Lucky property.
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.
About VEC
VEC is a wholly-owned subsidiary of Vale, the world's second largest mining company by market capitalization, with its headquarters in Brazil. Vale is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.
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.
Jack Zwicker
KAT Exploration Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
http://www.katexploration.com
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
Posted by: siljie Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million(which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working with (us) in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
I sent this today around noon time Europe,and got a reply in 45min.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51220992
Jun 16, 2010 09:50 ETKAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia.
The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated, "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes."
Shareholders and Investors will be kept up to date as this drill project moves forward.
Also, KAT Exploration has received numerous inquiries regarding recent developments within the company. Our investor's relation department felt it would be advantageous to post a Flow Chart on our web site under 'Properties,' to clarify the present structure and the future direction of the company. President and CEO Ken Stead stated, "We are working hard to build shareholder value in both of our companies and is in a process of taking all our high grade copper and other IOCG properties under KAT Exploration to the next major stages of development.
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
Ken Stead, KAT Exploration, Inc. President and CEO, said, "This OTCBB share distribution is the first of more OTCBB share distributions that we are planning to distribute to our shareholders.
When [dividend] shares are transferred, KATX shareholders receive aprox 80 mil shares, leaving aprox 80 mil owned by [Ken Stead]...
Control of KATX and 50% ownership in BVIG after [dividends] make all the difference.
This is why I believe Handcamp was up listed first and KATX later.
Read the full text here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51244396
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 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.
http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1193541.htm
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 [see one digital plot below].
www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1124037.htm
The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine…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…Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au. along with excellent Zn, CU, Ag numbers ( massive to simi-massive sulphides ). A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.
http://www.katexploration.com/properties.html
...Although not generally utilized commercially, deposits of schist may be a valuable commodity if they contain gemstones or metal ores. For instance, talc and mica schists in Upper Egypt have been mined for emeralds for thousands of years and have benefited various people and civilizations throughout history, including the ancient Greeks and the famous Egyptian queen Cleopatra…
Found in various locations, one of the best known examples of quartz-sericite schist occurs in Canada, where it is a source of economically important gold deposits.
http://www.olympusmicro.com/galleries/polarizedlight/pages/schistquartzsericitesmall.html
According to CEO Ken Stead: “[Handcamp] 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."
Speculation:
Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.
What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada [see next three graphics].
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 3:54 PM
XXX,
Any mining company in the world would just love to get their hands on VMS, it really brings quite a bit of value to each ton of rock mined. Just to the south in the same belt of rocks that the Hand camp is in, is the "Duck Pond" VMS deposit but they do not have near the gold that we have.
Aur Resources Announces Development Decision for the Duck Pond ...
The Duck Pond deposit has proven and probable reserves of 4.1 million tonnes at an average grade of 3.3% Cu, 5.7% Zn, 59 g/t Ag and 0.9 g/t Au. ...
www.encyclopedia.com/doc/1G1-126132569.html
Ken
From: birdmanbob4
To: Ken Stead
Sent: Wednesday, March 03, 2010 6:38 PM
Subject: Re: Hi Ken QUESTION ???
...I am wondering about the mines and companies close to us are they geared to process the other minerals as well like the copper and Zinc...or am I correct in my thinking that Vale has a Processing place on the mainland that is geared best for the "Multi Mineral" thing? ...In other where is the best place to take our dirt?...
The truth will set you free!
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 4:11 PM
The Duck Pond refinery is best suited for this
Ken
…VEC has committed to an initial C$20,000 cash payment on signing and may elect to make further cash payments totaling C$75,000 over the three-year option period, and may elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.
Upon VEC's exercise of the option, a joint venture will be formed to further develop the properties, with each party contributing to further approved exploration programs as per their interest. VEC will be the operator of the exploration programs during the option period…
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
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.
http://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]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.
http://www.marketwire.com/press-release/Kat-Exploration-Reports-Additional-Copper-Find-on-Its-Lucky-Property-1107944.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
… we have made a few new and unexpected discoveries on the RR [Rusty Ridge] during our last period of sampling so we will continue with a summers program of the same and spend some time on the Shaylee right next door.
Ken
Kat Exploration Announces 'Rusty Ridge' (IOCG) Property Ready for Drilling
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
MOUNT PEARL, Newfoundland, June 15, 2009 (GLOBE NEWSWIRE) -- Kat Exploration (Pink Sheets:KATX - News; http://www.katexploration.com/) is pleased to announce that exploration on it's "Rusty Ridge"(IOCG) property was highly successful in identifying coincidental magnetic IP resistivity and soil geochemical anomalies that 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… A recently completed 3D inversion modeling [shown below] 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 significant 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. Other rare earth elements such as 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 property has already generated a lot of interest from mining companies and is being offered as a Joint Venture (JV) project.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
New information about Rusty Ridge and Shaylee
Here's some new stuff about the Rusty Ridge / Shaylee area. A little while ago I noted that there were some claims north of Rusty Ridge from some other companies. In fact they weren't registered under a company name but that of an individual. Anyway, I did some digging and found his email address and sent him an email. He replied and we struck up an email conversation. I now know who he is, what his company is called and what his company are doing up there.
The company is called Cache Exploration. Here's the map:
Cache Exploration is searching for... Rare Earth Elements (REE)! They are organising further exploration on their claim this summer, led by a top level, award winning independent geologist and university academic. They must be confident too, because on 10th May they doubled their claim size. I also had a chat about them with our CEO Ken Stead. He knows that area well because he has already explored it and is confident that we have the best claims staked already.
So what is important about this? To my mind what is important is that Cache Exploration believe there is enough value in that area from REE deposits alone. We have our copper at Rusty Ridge and we knew that there are REE deposits up there, but this additional DD adds to the circumstantial evidence that the REE value could be immense.
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50549449
From: kstead@katexploration.com
To: xxxxxxx
Subject: XXXX
Date: Wed, 3 Mar 2010 05:04:47 -0330
XXXXXXX,
Everything seems to be going as planned and we are excited with the Handcamp thus far and believe we will continue to be excited as we move forward. The Twilite will also receive a very thorough exploration program this year as well. However, where we have advanced the Handcamp to the drill stage, right now it has become our main focus and as the exploration season unfolds the Twi-lite will get due attention. Thanks for supporting us, we are working hard on your behalf.
Ken Stead
President/CEO
KAT EXPLORATION INC
O-(709) 368-9223
O-(709) 368-9224
F-(709) 368-9213
Email: kstead@katexploration.com
Website: http://www.katexploration.com
Dec 21, 2009 08:00 Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
MOUNT PEARL, NL--(Marketwire - December 21, 2009) - Kat Exploration Inc. ("Kat") (PINKSHEETS: KATX) http://www.katexploration.com
..."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.
http://www.marketwire.com/press-release/Kat-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Twi-Lite-High-Grade-Gold-1093875.htm)
Twilite Gold Property
The Twi-lite property, lies along the western margin of the Botwood Basin, central Newfoundland, It is situated approximately 30 kms southwest of the Moosehead gold prospects and has similar potential for epithermal gold mineralization.
The two major structural elements within the survey area are NE-NNE and NW faults. These two directions are well represented within the Discovery showing and have been noted as being associated with gold mineralization. The regional depth calculations, carried out using the Source Parameter Imaging Technique indicates that two major “graben” type structures may occur within the area; one striking NW-SE along the Victoria Lake-Badger Group overlap and the other along the Badger Group-Botwood Group NE striking fault contact. Through the central portion of the area, immediately east of the Discovery showing, major N-S faults are evident on the processed magnetic maps. At the southern end these N-S structures control eastern boundary of the Victoria Lake Group and in the north they appear to form the eastern edge of the Lemotte’s Ridge Sequence.
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.)
http://www.katexploration.com/properties.html#2
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.
http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm
...we have made a few new and unexpected discoveries on the RR [Rusty Ridge] during our last period of sampling so we will continue with a summer program of the same and spend some time on the Shaylee right next door.
Ken
Shaylee is a region of volcanic rock traversed by numerous faults which early indications appear to indicate contain high levels of copper. Even less is known about Shaylee than about Twi-Lite. Shaylee sits adjacent to and very nearly abutting Rusty Ridge, and was an area that Ken and Tim Stead have only very recently claimed on 11 February 2010, although they had explored the area beforehand. Shaylee has two very interesting copper anomalies, the first 1km long by 75m wide and the second 200m long by 50m wide. It’s proximity to Rusty Ridge means that KAT Exploration can include further exploration at Shaylee into its plans for exploration at Rusty Ridge, and this precisely what our CEO Ken Stead intends to do. What I also think is interesting is the idea that KAT Exploration could potentially find a JV partner for Rusty Ridge but retain the mineral rights at Shaylee, then piggyback off the work carried out at Rusty Ridge to add further value to KATX shareholders. Just an idea!
The image below shows Rusty Ridge to the right (three claim areas together) and Shaylee to the left…
--courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
New: Here is something new for you – at least actually it’s old, but not everyone will have seen it. It’s a 38 page PDF document on the Colliers property prepared by an independent Geologist called Rod Churchill of Altius Resources in October 2006. Lots of great detail and well worth the read: http://r.b5z.net/i/u/10049316/i/REPORT_ON_PROPERTY_EXAMINATION.pdf
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
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
Clifton Property:
Clifton is a brand new claim area for KAT Exploration and by far our largest, reaching a whopping 124sq kilometres in size – that is a huge area and quite costly to claim and to maintain that claim (to keep a claim active, a certain amount of exploration activity must occur within a specified period, else the claim lapses).
Clifton lies south of the Lucky claims and appears to share a lot of the same underlying geology. It also has great accessibility. Our CEO Ken Stead has said that the company will carry out further exploration of this new claim area in the late spring or summer.
New: Part of the recent JV between Cornerstone and VALE was for Cornerstone’s claim to the north of Lucky and next to the VALE claims that surround Lucky. What I don’t think anyone except me has realized is where the other part of that JV is for. It’s for Cornerstone’s claims that lie just south of our Clifton claim. So VALE are JV partnering in the Clifton area as well as in the Lucky area. I hope you like that new piece of DD!
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Kat Exploration Inc. 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.
http://www.marketwire.com/press-release/Kat-Exploration-Retires-and-Eliminates-2-Billion-Shares-From-Treasury-1101927.htm
KAT Exploration Inc...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.
http://www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm
XXXXX,
That is correct, we saw fit to remove approx.. another 8 MILLION shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead
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.
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1102443.htm
From: Ken Stead <kstead@katexploration.com>
Subject: XXX
To: XXX
Date: Wednesday, March 31, 2010, 2:39 PM
XXX,
...All the 504 stock has been sold in to the market already and it was not to a single investor in the state of Wisconsin but to 12 over a period of 2-3 months. Our DTC sheets confirms there is no one holding any significant Kat stock at all.
Ken
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.
http://ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
Legal Counsel
Gusrae, Kaplan, Bruno and Nusbaum, LLC
120 Wall St.
11th Floor
New York, NY 10005
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx
The Company
KAT Exploration is managed by brothers Ken and Tim Stead who have excellent tracks records and experience and between them own a controlling interest, making for a very safe and trustworthy investment. KATX is a fully reporting pinksheet with “Current” status on pinksheets.com.
Recent Events
• January 5th KAT meets pink sheets requirements and achieves “Current” status
• January 14th KAT massively reduced its A/S from 3bn to 1bn
• January 15th KAT secured $5m investment to fund operational support for the next 5 years
• January 19th KAT reduced its A/S from 1bn to 730m, appointed private independent consultants and announced its intention to dual list on an Asian exchange
• January 27th KAT discovers significant amounts more copper at its Lucky site
• February 1st KAT publishes “very exciting” gold results from initial sample analyses from Handcamp and promises completed sample analyses will be shown in full on the website in the near future. PR here
• February 8th KAT adds over 5,311 acres to its claim at Handcamp and 5,805 acres to its claim at Twi-Lite and states will be exhibiting at PDAC in March. PR here
• February 11th Ken Stead states in an email that he has “several mining companies” requesting to meet him at the PDAC conference in March. PR here
• March 1st KAT publishes the final test results for Handcamp and they are considerably better than expected, showing extensive deposits of gold, copper and zinc. PR here
• March 4th KAT announces appointment of a corporate attorney to the Board of Directors. PR here
• March 15th KAT calls tenders for bids from drilling companies for the Handcamp test drilling. PR here
• March 17th KAT claims a huge new area of 124sq kilometres south of the existing Lucky claim. PR here
• April 5th KAT accepts drilling bid from Cabo Drilling and announces drilling will commence second week in May. PR here
• June 8th KAT Exploration, Inc. Distributes 1 to 4 OTCBB Shares of BVIG.OB and Provides Update on Handcamp Drill Project for NI 43-101 Preparation. Announces intent to form KAT Gold Holdings Corp.
• June 10 th KAT Exploration Signs Three-Year Option Agreement Contract With Vale
Why might KATX PPS increase in value?
Junior exploration companies are worth pretty much nothing at all until they find file a claim, analyse what’s in the ground and file their NI 43-101 to prove it. Most exploration companies would be over the moon with just one good claim, but KAT has six! Not only that, but early sample analysis from Handcamp suggests KAT is sitting on an incredible amount of gold and recent activity around Lucky not only show the same thing for copper, but also hint strongly at a JV partnership with a world leading mining company VALE, who have staked massive claims around Lucky at a cost of roughly $1m in the first year. VALE would not be willing to spend this money if they weren’t seriously excited about Lucky, and Ken Stead “cannot comment” on whether he’s in discussions with them, and we all know what that means… KAT Exploration is therefore something out of the ordinary.
One year ago an exploration company called US Gold (UXG) were in a similar position to where KAT is now, with a similar share structure. They were trading at around 0.30 and were waiting on the results of test drilling so they could file their 43-101. Within weeks of filing their 43-101 the PPS went from 0.30 to $1.20 and a few months later hit $3.00. UXG’s best results were 2.9 g/t Au. By comparison, KAT’s initial sample analysis indicates 158g/t Au, 94g/t Au and 82g/t Au. Not only this, but as well as Handcamp, KAT has Lucky and four other claims as well. If UXG can hit $3.50 there is absolutely no reason why KAT cannot hit $4 OR MORE if we get a DOUBLE announcement – a 43-101 for Handcamp and a JV with VALE for Lucky.
It's very common for these type of companies to go from a few cents to multiple dollars on great drill results alone. This is because the NI 43-101 basically confirms exactly how much gold is in the ground and how much it's worth. So there’s no need to actually be mining it to make this stock go up, once people know exactly what they are sitting on and what it's worth, this will shoot up accordingly to reflect that.
We have seven claim areas, two of which look to have massive amounts of gold, three of which look to have massive amounts of copper and at least one appears to have massive amounts of silver. So when you factor in all of the properties and the potential JV with VALE, this company "could" be worth quite a bunch of money. I expect KATX to continue a steady rise with spikes on good new until the test drill program is complete and the NI 43-101 compliant report is filed for Handcamp, or until a JV partnership is announced.
KATX has a relatively small O/S and a very tight float for a junior exploration company (they usually have to keep issuing more and more shares to stay afloat whilst they explore, claim, prove up and sell their claims, taking several years to do so and diluting all the time to keep in the game). KATX has the funding and the CEO has stated that dilution in the future will only occur if there’s a positive reason to do so, ie a JV partnership. In a recent statement, the CEO has also said that he intends to take either KAT Exploration itself or possibly a spin off company containing certain of the claim areas off pinksheets and onto another exchange or market. We do not have a timescale for this but the assumption has to be “within the next few months”.
Call to Action
Look at the list of recent events and draw your own conclusions, but I believe KATX to be a once in a lifetime investment opportunity. This is a fully reporting pink with an open, transparent, communicative CEO and fantastic announcements imminent. It’s all there in terms of the provable DD and to my mind it’s a complete no brainer once you’ve done the research. Here’s where to go:
• Post from Er0ck about KATX valuation and the Handcamp gold opportunity: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46213134
• Post from Investor 911 about the Lucky/VALE JV partnership: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
• KAT exploration website: http://www.katexploration.com
• KATX iHub site: http://investorshub.advfn.com/boards/board.aspx?board_id=15632
• Pink Sheets listing: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=katx#getQuote
• Gusrae, Kaplan, Bruno & Nusbaum website: http://www.gkblaw.com/
• VALE Inco website: http://www.inco.com/
• Anaconda Mining website: http://www.anacondamining.com/
• Teck Resources Ltd website: http://www.teck.com/
• Marketwire for press releases and news: http://www.marketwire.com
• Wikipedia entry for Olympic Dam: http://en.wikipedia.org/wiki/Olympic_Dam,_South_Australia
• Wikipedia entry for rare earth elements: http://en.wikipedia.org/wiki/Rare_earth_element
Top Ten Key Points
1. Two properties (Handcamp and Twi-Lite) returned very high and widespread g/t for gold in initial sample analysis. Handcamp’s soil analysis is now completed and has confirmed high levels of gold plus copper and zinc as well. Drilling has commenced in May and completed results will be filed in June, with some results likely to be seen beforehand
2. Another property (Lucky) has recently had VALE (the world’s 2nd largest mining company) staking every piece of land around it and our CEO Ken Stead can neither confirm nor deny whether he is in JV discussions with VALE, but he’s added substantially to the claim area and has met VALE at the recent PDAC conference in Toronto
3. A further property (Rusty Ridge) has been likened by an independent geologist to Olympic Dam – the world’s 4th largest copper mine and the consensus is that this property may turn out to be the most valuable of all KAT’s claim areas. Ken Stead has indicated to a shareholder who visited the KAT Exploration stand at the PDAC conference that Rusty Ridge has generated a lot of interest from mining companies looking for potential JV partnerships with junior explorers. [June 10th PR confirms Vale signed option agreement with potential for JV]
4. Up to five years funding is now in place ($1m now, up to $5m if conditions are met), which means that the company has the capital it needs to claim new areas and to prove up existing areas without the need to raise more money. This also means that share dilution is unlikely, unless to cater for a large JV partnership (ie good dilution). Finally it means that a savvy investor who may well be party under NDA to more information than us thinks that KATX is a good purchase
5. A number of mining companies have requested talks with KAT at the PDAC in Toronto from March 7-11 and events following this have included the appointment of an attorney to the BOD and an announcement of a potential uplisting from the CEO Ken Stead
6. KATX is a pinksheet with a great share structure, an ungagged T/A, pinksheets "Current" status and an OTC/BB shell BVIG purchased “ready” for either a reverse merger or a spin off of one or more properties into it
7. Our CEO Ken Stead is open and honest with his shareholders and has an excellent standing within the Canadian mining community
8. The company has recently appointed an upmarket Wall Street attorney firm called Gusrae, Kaplan, Bruno & Nusbaum that specialises in mergers, acquisitions and uplistings
9. Forward looking anticipation for the announcement of a JV with VALE for the Lucky and/orRusty Ridge copper and REE (rare earth elements) claims and a JV with Teck for the Handcamp and maybe even Twi-Lite gold, silver, copper and zinc claims
10. Forward looking anticipation for the announcement of a reverse merger or spin off utilising our recently purchased OTC/BB shell Bella Viaggio BVIG
The current PPS does not allow for the anticipated news indicated in all of the points above and as such KATX indicates a great potential investment IMO
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
AI
