Replies to post #158152 on KAT Exploration Inc (KATX)

[ShortonCash]

KATX Rusty Ridge and CACHE neighbor still work on the Cornerstone Princes....

Phase 2 follow-up program in the fall of 2011

http://rareearthinvestingnews.com/3195/cache-exploration-inc-rare-earth-exploration-in-canada/ Has good map

The Louil Hills property is located in eastern Newfoundland on the Bonavista Peninsula, in close proximity to Musgravetown. The property is composed of 94 claims that total 5,569.5 acres. The Louil Hills is close to a small airstrip, powerlines and a water supply. Route 233 and a paved road intersect the property, which provides Cache with access via logging roads and trails. By incurring exploration expenditures and payments to the vendor, Cache has the possibility to obtain an 80% interest in the Louil Hills property.

Previous detailed geological mapping, sampling geochemical, and geophysiscal surveys, as well as drilling were completed by Cornerstone Resources on the property. Mineralization has revealed Zr-Nb-Y as well as Cu and Pb hosted within felsic volcanic rocks and mafic dykes. Due to a 570 ppm Y and 490 ppm Nb in the Bull Arm Formation, the Louil Hills property is a highly favourable exploration target in Newfoundland.

Cache has recently completed a ground exploration program. The program consisted of scintillometer prospecting, geological reconnaissance and collection of surface samples. The purpose of the Phase 1 program was to identify potential drill targets for the Phase 2 follow-up program in the fall of 2011

[ShortonCash]

Another Cornerstone property very Close to KATX Cabot....

Logistically the El Strato gold property is located in an excellent geographic area. The Baie Verte Peninsula has a strong mining culture and skilled labour force with experience in mineral exploration and hard rock mining. A paved highway and high voltage power line lie immediately west of the property and the Nugget Pond gold mill, which is owned and operated by Rambler Metals and Mining PLC, is located just 85 road km to the northeast.

Cornerstone plans to carry out a 1,000 m diamond drilling program to test priority targets this year


http://www.cornerstoneresources.com/i/pdf/CorpUpdate_0511.pdf

The property is located immediately east of the Baie Verte Line, a major regional tectonic structure which along with subsidiary structures, has numerous associated gold showings and prospects. Since the late 1990's, several structurally controlled gold deposits have been developed in the Baie Verte region. These include the past-producing Nugget Pond (475,000 tons at 0.34 oz/ton) and Hammerdown (777,000 tons at 0.41 oz/ton) mines which were owned and operated by Richmont Mines Inc., and the currently producing Pine Cove mine (probable mineral reserves of 2,635,000 tonnes grading 2.07 g/t Au) owned by Anaconda Mining Inc.