KAT Exploration, Inc. (KATX)

KAT Exploration, Inc. (KATX.PK) was founded in 2005 and is headquartered in Mount Pearl, Canada. The company engages in the exploration and development of mineral properties in Canada. It is focused on the Sediment-Hosted Copper Deposits in the eastern portion of Newfoundland and explores for gold and silver ores. Exploration properties of KAT include: Colliers Property, Rusty Ridge Property, Handcamp Gold Property, Shaylee, and South Lucky Copper.

KAT Exploration Properties

Cabot Property

The Cabot Property is host to a significant new and exciting copper-cobalt discovery on the Baie Verte Peninsula, one of Newfoundland's most prolific and historic mining districts. The prospect was discovered by PNL Ventures Ltd., while prospecting along a forest access road, located approximately 10 kilometers north of the town of Baie Verte. Initial prospecting had revealed a number of highly gossanous float along a 600 meter section of the forest access road, with grab samples returning values up to 5.5% copper.

Clifton

The 100% owned, 8650 hectare (346 claims), road accessible, KAT Exploration Inc. Clifton property, situated on the Bonavista Peninsula, eastern Newfoundland, Canada is comprised of copper-bearing Late Precambrian to Cambrian sedimentary and volcanic rocks assigned to the Avalon Zone and occurring within the same regional stratigraphy as the company's Rusty Ridge and recently optioned Lucky properties, located northwest and northeast respectively.

Historic exploration prior to KAT's staking of the Clifton property included regional geological mapping, lake sediment and till sampling surveys conducted by the provincial government and 2001-2004 industry assessment consisting of prospecting, geological mapping, lake sediment and soil sampling with limited follow-up of Cu, As, Pb and Co lake anomalies.

Numerous copper mineral indications and showings in outcrop and float occur as veins, stringers, blebs and disseminations primarily as chalcocite, chalcopyrite and malachite with some pyrite association.
Three mineralizing environments may exist on the property: (1) sediment-hosted stratiform copper (SSC), (2) volcanic redbed copper (VRC) and (3) iron-oxide-copper-gold (IOCG). SSC-VRC-related copper was found by the previous explorer in clastic ‘redbed-greybed' sedimentary rocks and basalts. Mineralized, brecciated, hematite felsic volcanic was located at the same time. KAT, 2010, recognized the possibility of an overlooked IOCG aspect - association of hematite, breccias, copper sulphides and aeromagnetic expression of the volcanic unit; recent prospecting has located additional mineralization which may have IOCG and VRC affiliations. Geological settings and mineralization styles require field validation.

Shaylee

Rock Types: Sericite schist derived from felsic volcanic and epiclastic sedimentary protholiths. The region is traversed by numerous faults, most of which are high-level brittle features. The most notable of these are the Charlottetown, Salmon Brook and Platter Cove Faults and the unnamed structure that defines the western boundary of the Love Cove Group. Some of these may represent brittle reactivation of earlier, more fundamental structures. The Shaylee copper mineralization is in a rock cut on the Bunyon's Cove road. The mineralization is approx 75m wide and continues to the shoreline approximately 1km and consists of stringers of native copper, Chalcocite and Malachite staining. Continuing along the road approximately 200m, there is another copper zone containing Chalcocite and Malachite.

South Lucky Copper

Copper mineralization is quite visible in an old pit near the gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from 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.

Colliers Property

Mineralization consisting of chalcopyrite, bornite and calcite which occurs as patches and as fillings of fractures in the andesitic and basaltic rocks of the Harbour Main Group. The occurrence consists of an old working with a 90 foot (27 m) shaft. Malachite stains are abundant on the surface of the host rock.