KAT Exploration-Stakes Large Land Package Over Copper Discoveries
March 17 2010 - 09:50AM
Marketwired
KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com is
pleased to announce that it has staked 346 new claims of
approximately 125sq KM over impressive copper discoveries in the
southern portion of the Bonavista peninsula, south of its Lucky
properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a
favorable area where the geology, sub-aerial mafic and felsic
volcanic rocks are the same as that hosting its Rusty Ridge (IOCG)
property.
Two distinct types of copper mineralization exist. The first,
occur as veins, stringers, and blebs of chalcocite, while the
second occurs as disseminated chalcocite and chalcopyrite
throughout the host rocks.
Large brecciated, hematitic felsic volcanic rocks permeate the
southern portion of the new claims creating the same type of
environment found on the Rusty Ridge property allowing for the same
high potential of another Iron Oxide, Copper-Gold (IOCG)
discovery.
With copper demands on the rise worldwide, KAT feels it
important to have a well stacked portfolio of copper properties
that would generate significant interest from major copper
producers
With great accessibility to many areas of these claims by way of
woods roads, it allows the company to carry out a fairly quick and
extensive exploration program in late spring and early summer.
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.
Contact: Ken Stead President / CEO KAT Exploration Inc. Office:
709-368-9223 709-368-9224 Fax: 709-368-9213 www.KATexploration.com
kstead@KATexploration.com
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