Replies to post #159582 on KAT Exploration Inc (KATX)

[ShortonCash]

announce that it has been notified by Vale Exploration Canada

It has happen before......just around the corner...closeology...

announce that it has been notified by Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE) ("Vale"), that it will commence a 1,500 metre diamond drilling program on the Red Cliff copper property in mid-October. As previously announced (see news release dated May 04, 2010), VEC has the option to acquire a 60% interest in Cornerstone's Red Cliff and Deer Harbour properties which are located on the Bonavista Peninsula in eastern Newfoundland. VEC is the operator of the exploration programs during the option period in consultation with Cornerstone. The properties are targeting sediment-hosted stratiform copper (SSC) deposits similar to those of the prolific Central African Copperbelt, also of Late Neoproterozoic age.

http://finance.yahoo.com/news/Cornerstone-Notified-by-Vale-ccn-370796644.html?x=0&.v=1

The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand it's focus in this area as well.With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential