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Anyone know much about this company? - news out today but didn't affect price at all it looks like.
Kat Exploration Inc. (Pink Sheets:KATX) is pleased to announce its "Lucky" Property is ready for drilling. The "Lucky" property consists of 42 claims in 1 license on the Bonavista peninsula of Newfoundland, Canada.
Copper mineralization is quite visible in a shallow dug pit near an old country gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approx. 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon.
This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.
More ground work is planned for the Northern portion of the property in the upcoming season, while drilling is hoped to take place in and around the most exposed mineralized copper showings.
About Kat Exploration Inc.
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Posts: 56 | Registered: Jun 2009
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Estimated Market Cap- $13,509,535 as of Jun 19, 2009 Outstanding Shares- 46,759,605 as of July 8, 2009 Authorized Shares- 500,000,000 as of May 31, 2009 Number of Share Holders of Record- 116 as of May 31, 2009 Float- 13,579,244 as of May 31, 2009
TA is ungagged
This could have a run, float is low. Plenty of room to run. Just have to watch for delution which will happen during a run. If your interested this is probably where you want to get in but I would play this only, no long term money. JMO
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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