Replies to post #123576 on KAT Exploration Inc (KATX)

[daggfish]

Rick that is an awesome post and when we get our KATG shares it will not be just Handcamp in it, but also Cabot correct? as Cabot is referred to as a Gold property... he has cores lying around from Cabot that havnt even been assayed yet due to the previous owner's death...now we may sitting on a goldmine or much more with Cabot :)

[steesharp]

Consider this....The monies spent disclosed in the 316 page PDF file describing only the old work done on the Cabot "not the more recent drilling" with 450.000 1989 dollars spent ..................................................................................... My belief is that Caabot is the furthest along to providing Kat with a RESOURCE 450 thousand spent in 1998 in today's dollars is ..... What cost $450000 in 1998 would cost $589475.66 in 2009. Also, if you were to buy exactly the same products in 2009 and 1998,
they would cost you $450000 and $336763.32 respectively. /////// And this one has it at .Nov 1998 = $450000.00........Nov 2010 = $600374.09... http://www.shadowstats.com/inflation_calculator?amount1=450000&y1=1998&m1=11&y2=2010&m2=11&calc=Find+Out

..My point is the Cabot will be the first Kat Property to reach a resource calculation ....IE PROVING RESERVES The money spent so far is not including the second round of drilling because I do not have those figures and more importantly I don't have the second round of drilling's results to add to the first rounds results. .............next we know that Kat's Sr. geologist along with the PR anouncing his joining the team his sole responsibility was going to be to do a resource calculation on the Cabot combining the two drilling's results! Maby Rick or Bio could kind enough help me find that announcment..............next Kat also announced that as well as tie previously drilled areas it was going to define more through the known V.G. Gold areas as well as the hill in the I-Box Photo I BELIEVE "again could use some help dicsovering and placing the pices together in the pyoperty I feel is the reason kat wants a (Mine Geo) :per the kat web jobs area" This is from the I Box and the photos are as well ..............................................................................................""we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."

""Cabot properties are located on the Baie Verte Peninsula which is one of Newfoundland's most historic and prolific mining districts. Down through the years the Baie Verte peninsula alone has be host to numerous Copper, Gold and Massive Sulfide deposits. The "Tilt Cove" mine, the "Rambler" mine and the "Bretts Cove" mine to name just a few were all massive sulfide deposits. The "Deer Cove" mine, the "Nugget Pond" mine and the still operating "Pine Cove" mine were/are gold deposits. The "Cabot Property," with its significant new Copper/Cobalt/Gold discoveries, is a prime example that tremendous potential still remains for new discoveries in this prolific mining region. The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively. One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly."" As you can see the area is oaded with Histiric as well as working mines And in the bottom right corner you can clearly see the photo of vusable Gold ............................................................................................. http://gis.geosurv.gov.nl.ca/geofilePDFS/Batch12/012I_0250.pdf http://www.westegg.com/inflation/infl.cgi