Replies to post #157618 on KAT Exploration Inc (KATX)

[TinkerBelle]

Cooky, if you look at the Licenses for Cabot, you will see that the one recently cancelled is #016008. http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=016008M

Below are Cabot claims information:

Katx remaining Cabot claims Licenses:
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=005567M
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=017831M
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=015888M

Recent Cabot claim License cancelled:
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=016008M
is 12 claims with 4 sq. km.

If you look at the chart in the stickies that Rick-UK made (keep in needs much updating) it shows that:

The three Cabot claims Katx still has includes 96 claims with a total of 34 sq. km.

Compare that to our N. Lucky optioned with VALE which has 49 claims and is 18 sq. km.


Cabot is still a great property. IMO They still have the claims with the past drilling numbers.

#005567 is the License that had the recently updated Govt Mineral Report that shows new drilling along with core re-logging in the past work assessment "Year 13":
http://gis.geosurv.gov.nl.ca/mrinquiry/License.asp?License=005567M

"Year 13 Con 3 extension granted 2010.08.10 - report now due 2010.10.09. Digital copy of report received 2010.10.12; as per email from W.Pickett 2010.10.11, hard copy will be submitted by 2010.10.13. Year 13 work report consists of drilling and core relogging. Con. 6b applied to part of expenditures, $68,948.00 added. Reviewed and accepted under Regulation 50 (good faith compliance) 2010.10.25 (AM)."

I am not worried about this cancellation, they add they cancel. That's the work of an exploration company. :o)