Bella Viaggio and KAT Exploration to Begin Handcamp Drilling on June 28, 2010
June 18 2010 - 09:45AM
Marketwired
KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com
Bella Viaggio, Inc. (OTCBB: BVIG) and KAT
Exploration(PINKSHEETS: KATX) are pleased to inform its
shareholders and investment community that preliminary review and
interpretation of the Induced Polarization (IP) and geophysical
survey data is completed by Abitibi Geophysics of St. John's,
Newfoundland on the Handcamp, and we are now ready to begin
drilling on June 28th, 2010. As announced earlier, KAT Exploration
will manage and oversee the Handcamp drilling.
Results thus far have allowed for a much better understanding of
the structures and mineralized zones at the Handcamp Property which
has assisted in identifying new drill targets and in determining
orientation of holes in the drill program.
Ground geophysics and high resolution Geological Survey of
Canada airborne magnetic survey that was completed in 2005 has
assisted our geologist in outlining several northeast trending
highs that correlate with structures that host mineralization in
the area.
KAT Exploration has already received the drilling permit from
Newfoundland Department of Mines & Energy to carry out the
drilling. Our geologist Mr. R. James Weick outlined the drilling
targets based on approximately 20 kms of Induced Polarization (IP)
that was recently completed over various sections of the grid and
airborne magnetic data. The final stages of trenching will commence
on June 21st, 2010.
This drilling will test geophysical anomalies in Gold and other
base metals in soil anomalies. The first series of drill testing
will be carried out on areas where the chip samples returned
results of 7.1 g/t Au (gold) mineralization
exposed over 28ft in an outcrop showing visible gold.
A core shack has been secured for logging and splitting of the
drill core. The drill crews will work around the clock with double
12 hour shifts in order to complete all drill holes in a timely
manner.
A National Instrument NI 43-101 will be compiled to cover both,
precious (Gold & Silver) and base metals (Copper, Zinc, Lead,
etc) throughout the property. This Instrument is a codified set of
rules and guidelines for reporting required by regulatory authority
and displaying information related to mineral properties owned by,
or explored by companies. Geologist, Mr. R. James Weick, has been
engaged to oversee the drilling project and to complete NI 43-101
report for the Handcamp property.
The drill results will be announced as soon as we have them from
the lab.
The Handcamp Gold property is located in the Roberts Arm Group,
a volcanic sequence that hosts numerous Volcanogenic Massive Sulphide (VMS) and epigenetic gold
occurrences in the past and is continued to be developed by major
producers.
As previously announced, the drill contract has been awarded to
Cabo Drilling for a minimum of 15 holes and a minimum of 1200
meters.
KAT Exploration recently announced that it had discoveries up to
5840 PPB of gold in soil samples and 31.4 g/t Au in the outcrop at
the Handcamp gold property from the results of 1457 soil samples
received from Actlabs in Ontario, Canada for Gold and base metal
analysis.
Ken Stead, President/CEO of KAT Exploration, stated, "The
Handcamp property is located in one of the most exciting gold
exploration areas in eastern Canada. We feel that this highly
prospective gold project, combined with our strong exploration and
management team, provides a great opportunity for success."
As announced recently the new name for Bella Viaggio, Inc. will
be "KAT Gold Holdings Corporation" and KAT Exploration, Inc.
(PINKSHEETS: KATX) will distribute to its shareholders 1 restricted
share of (OTCBB: BVIG) for every 4 shares of (PINKSHEETS: KATX)
owned up through the record date to be decided by its board of
directors to be executed as early as possible. KAT Exploration
shareholders will be unaffected while having restricted shares of
BVIG.OB distributed as an additional equity.
We have received numerous inquiries regarding the recent
developments within the company. Our investor's relation department
felt it would be advantageous to post a Flow Chart on our web site
under 'Properties,' to clarify the present structure and the future
direction of the company. The flow chart can be accessed with the
following link i.e.
http://www.katexploration.com/Graphics/KATX-KATG%20Structure.pdf
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.
Jack Zwicker Kat Exploration Inc. Investor Relations Ph
902-497-3188 jzwicker@katexploration.com www.katexploration.com
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