KAT Exploration Accepts Drill Contract Tender From Cabo Drilling to Drill 15 Holes of 1200 Meters and Company Explores OTCBB Opt
April 05 2010 - 01:35PM
Marketwired
KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration has accepted the drill contract tender from Cabo
Drilling to initiate a drill program of its Handcamp property in
Newfoundland during the second week of May 2010. KAT plans to drill
a minimum of 15 holes for a minimum of 1200 meters. However, if
drilling results continue to prove successful the number of holes
and meters will be extended to determine the significance of the
discovery.
KAT Exploration recently announced that it had discovered up to
5840 PPB of gold in soil samples and 31.4 g/t Au in outcrop at the
Handcamp gold property. Due to significant gold discoveries thus
far, the company decided to stake another 52 claims to the north in
the same belt of rock covering several very impressive gold and
copper showings extending the overall property to 37sq KM's.
KAT Exploration believes that significant valuation will come
from its Handcamp property and are exploring options for the
company placing itself or selected properties on the Over the
Counter Bulletin Board (OTCBB) market. The OTCBB market is a much
respected market that will allow for KAT Exploration to be
considered a more serious investment and gain broader coverage as
the company believes it deserves. Shareholders can expect updates
on this forward movement in the near future.
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
KAT Exploration (CE) (USOTC:KATX)
Historical Stock Chart
From Feb 2024 to Mar 2024
KAT Exploration (CE) (USOTC:KATX)
Historical Stock Chart
From Mar 2023 to Mar 2024