Replies to post #74929 on KAT Exploration Inc (KATX)

[Funaboard]

KAT 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."

(I made the underline)

So they have applied for a permit and not hired a contractor to do the drilling. Hmmmm, do I smell a major doing the drilling and a JV ??

Just a thought.

http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm