"The host rocks for most of the mineral occcurances and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, heatitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project."
"We feel like we are an exciting company. We have a field crew that knows what they are doing. We have some good past experience. Again, we are not a fly-by-night company; we are located in an area that is under-explored where in recent times have made new economical discoveries. If you were living in Canada and were monitoring province-by-province, you would find that Newfoundland has become one of the most exciting exploration provinces in the whole country. Our economy is a booming economy here in Newfoundland due mainly because of oil and mining. INCO has recently brought the Voisey’s Bay Nickel/Cobalt Deposit into production which is a very rich deposit found in the Labrador part of the province. They are now in the process of building a $2 billion smelter refinery in Long Harbor. So the province itself is very exciting when it comes to new mining and oil discoveries. So KAT Exploration has great plans of moving forward, and we know what we are doing. We have good properties, good prospects, and good mining operations next door to us, so we can sell any discovered deposits. The government is mining friendly with great infrastructure in place. When all is said and done, we see ourselves as having a long prosperous future with all of this at our fingertips. So if investors are looking for a company that is going to be around for awhile, KAT will be around awhile for sure"
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