KAT Exploration, Inc. and Bella Viaggio, Inc. Handcamp Drilling Intersects Very Encouraging Gold Mineralization at Shallow Depth
August 25 2010 - 2:04PM
Marketwired
KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com,
Bella Viaggio, Inc. (OTCBB: BVIG)
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc.
(OTCBB: BVIG) are pleased to announce that the drilling program at
their Handcamp Project intersected very encouraging gold
mineralization at shallow depths. Diamond drill hole DDH 004
intersected 6.3 g/t (0.18 oz./ton) gold and 111.6
g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true
width) including 10.8 g/t (0.32 oz./ton) gold and
222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated
true width) within a wider interval grading 3.1
g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true
width).
Diamond drill hole DDH 012 intersected 5.5 g/t
(0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width)
within a wider interval grading 3.5 g/t gold (0.10
oz./ton) over 3.5 m (2.6 m estimated true width). Both
intersections occur within an even broader mineralized zone defined
by elevated gold that includes 1.2 g/t gold over
20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width).
Three other holes (DDH-002, 003 and 005) also intersected strong
gold mineralization over wide widths as shown in the summary table.
The gold is typically accompanied by elevated silver, lead and
zinc.
Results of the current exploration program indicate that the
mineralized zone at Handcamp is outlined well by induced
polarization geophysics. The current drilling program tested the
mineralized zone for approximately 0.9 km along strike (trend) at
250m to 300m spaced intervals and to a maximum vertical depth of
200 m. DDH 012 is the southwestern most drill hole of the current
program and is approximately 600m southwest of the main Handcamp
showing. During the second phase of exploration, the mineralization
in DDH 012 will be tested to depth and along strike to the
northeast and southwest where the IP anomaly has been traced a
further 500 m and remains open. Two other induced polarization
anomalies subparallel to that delineating the Handcamp mineralized
zone remain to be tested by diamond drilling. One, about 350 m to
the northwest, has been traced for 1.2 km and remains open and the
second is about 900m to the northwest, and has been traced for 700
m and remains open. The two anomalies are viable targets for
testing in the second phase of exploration.
Trenching completed at four locations north and south of the
Main Hand Camp prospect exposed disseminated sulphide
mineralization in altered volcanic rock that contains anomalous
gold, silver, lead and zinc concentrations over an approximate
strike length of 600 m and over widths of up to 20 m in trenched
rock exposures.
Ken Stead, President CEO, states, "The first phase of exploration, which included
induced polarization geophysics, trenching and 1640m of diamond
drilling in 12 drill holes, has now been completed on the Hand Camp
Property. A second phase starting this fall is in planning and will
include additional line cutting, induced polarization geophysics
and diamond drilling. With data collected so far and the very
encouraging results from this first phase, the company feels that
this project warrants a full scale exploration program to determine
the true significance of the deposit. With just four areas drilled
at such wide intervals within such a large structure and the fact
that we intersected gold in all 12 drill holes, we feel there is
high potential for further encouraging results within this
mineralized structure. Also the number of targets yet remaining to
be tested outside this determined structure lends itself to a high
degree of optimism that this project will be of great value to the
company."
Phase 1 Handcamp Diamond Drill Results
Length Au Ag
Hole # From (m) To (m) (m) (ppb) (g/t) Zn (%) Pb (%) Cu (%)
----------------------------------------------------------------------------
DDH-004 29.10 50.00 20.90 1204 15.1 0.22% 0.13% 0.02%
including 29.10 35.00 5.90 3148 42.6 0.51% 0.36% 0.04%
including 29.10 31.00 1.90 6282 111.6 0.59% 0.43% 0.05%
including 29.10 30.00 0.90 10813 222.4 0.60% 0.56% 0.07%
----------------------------------------------------------------------------
DDH-012 27.50 45.30 17.80 1028 6.3 0.51% 0.28% 0.02%
including 36.00 42.30 6.30 2210 10.6 0.83% 0.36% 0.03%
including 36.00 39.50 3.50 3480 16.8 1.34% 0.63% 0.05%
--------------------------------------------
including 36.80 38.60 1.80 5486 23.6 1.44% 0.91% 0.05%
including 37.80 38.60 0.80 8523 36.8 1.35% 0.78% 0.06%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDH-002 93.00 101.00 8.00 1031 18.4 0.23% 0.28% 0.08%
including 93.00 96.00 3.00 2114 31.1 0.17% 0.18% 0.12%
including 95.00 96.00 1.00 4486 75.9 0.10% 0.21% 0.12%
----------------------------------------------------------------------------
DDH-003 36.80 46.00 9.20 817 20.2 0.30% 0.27% 0.10%
including 36.80 41.00 4.20 1036 30.7 0.39% 0.41% 0.09%
including 36.80 37.50 0.70 4579 134.2 0.80% 1.09% 0.24%
----------------------------------------------------------------------------
DDH-005 39.00 61.00 22.00 1162 10.0 0.27% 0.14% 0.03%
including 39.40 42.40 3.00 2057 29.9 0.49% 0.14% 0.06%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDH-001 67.00 77.00 10.00 310 4.9 0.19% 0.11% 0.05%
including 74.00 77.00 3.00 466 9.1 0.41% 0.22% 0.13%
----------------------------------------------------------------------------
DDH-006 116.00 125.00 9.00 506 6.3 0.47% 0.26% 0.06%
including 116.00 120.00 4.00 806 11.7 0.87% 0.56% 0.12%
----------------------------------------------------------------------------
DDH-007 196.00 202.00 6.00 222 5.0 0.67% 0.13% 0.03%
including 196.00 198.00 2.00 430 8.0 0.42% 0.04% 0.02%
----------------------------------------------------------------------------
DDH-008 40.00 41.00 1.00 500 1.2 0.62% 0.13% 0.14%
48.00 50.60 2.60 644 17.2 0.35% 0.33% 0.12%
including 49.80 50.60 0.80 1120 35.3 0.32% 0.67% 0.31%
----------------------------------------------------------------------------
DDH-009 61.50 63.30 1.80 431 3.1 0.27% 0.15% 0.04%
69.00 70.50 1.50 1138 47.4 0.92% 0.36% 0.15%
----------------------------------------------------------------------------
DDH-010 91.20 93.20 2.00 619 13.1 0.08% 0.07% 0.03%
----------------------------------------------------------------------------
DDH-011 159.40 160.10 0.70 676 1.8 0.15% 0.01% 0.04%
166.80 170.20 3.40 453 7.5 0.29% 0.12% 0.06%
including 169.60 170.20 0.60 1974 32.2 0.53% 0.25% 0.13%
----------------------------------------------------------------------------
Geochemical analyses and assay data consistently and routinely
return anomalous gold, silver, lead, zinc and copper values over
considerable widths. As an added bonus the distribution of these
elements is uniform in comparison to many gold deposits that are
subject to the nugget effect enhancing the potential for the
delineation of economic concentrations of polymetallic
mineralization.
The Company's exploration work on the Handcamp Project is
supervised by J. Wayne Pickett, M.Sc. P.Geo., a member of the
Professional Engineers and Geoscientists of Newfoundland and
Labrador and a Qualified Person as defined in NI 43-101. Mr.
Pickett has verified that the results presented above have been
accurately summarized from the official assay certificates provided
to the Company.
Jack Zwicker KAT Exploration, Inc. Investor
Relations Ph 902-497-3188 jzwicker@katexploration.com
www.katexploration.com
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