Quantcast
Last updated on April 16, 2014 at 1:21 EDT

Kat Exploration Inc, List on the OTC-Pink Sheets, under the Ticker Symbol – KATX

June 4, 2009

Kat Exploration: Moving Exploration Forward

MOUNT PEARL, NL, June 4 /PRNewswire-FirstCall/ – Kat Exploration Inc. (OTC-Pink Sheet – KATX) is pleased to announce that on May15 – 2009 it began trading on the OTC-Pink Sheets.

The listing will expand investment opportunities to a wider investor base, enhance liquidity of Kats shares, and provide the company with greater financing options to support its projects and sustain its expansion plans. This corporate milestone has caused great excitement in the home camp and holds promise to a successful venture for all present and future shareholders of the company.

Mr. Ken Stead (President) states that “Access to greater liquidity will help us accelerate efforts to bring our properties to their full potential and broaden opportunities to expand our operations internationally”

Kat Exploration Inc. holds a very promising portfolio of Gold, Copper, Silver and IOCG properties in the province of Newfoundland. In 2009 Kat Exploration as laid out a series of programs to include prospecting, ground geophysical surveys and diamond drilling designed to follow-up conductive anomalies identified by airborne geophysical surveys on its 100% owned “Rusty Ridge”(IOCG) property. A recently completed interpretation of an airborne survey and past 3D inversion modeling of the magnetic data, show a discreet, strong magnetic anomaly underlying the “Rusty Ridge” area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a high probability of significant concentrations of sulphides.

This target has been selected for testing by diamond drilling late this summer and it is anticipated that additional drill targets may be developed from results of prospecting and further interpretation of the ground geophysical surveys already completed.

As mentioned above, Airborne or ground geophysics is planned for the “Lucky” copper/silver property on the Bonavista peninsula, which consists of numerous copper/silver showings being discovered intermittently on strike for approximately eight miles.

Other Kat properties will continue to have sufficient amounts of work completed on them this year to keep them in good standing according provincial regulation.

All of Kats properties are located close to infrastructure including hydroelectric facilities, and well maintained roads that also traverses the properties. The areas are considered receptive to mining, and the provincial government is a pro-mining organization that welcomes new projects of all kinds.

Cautionary Notice:

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. While Kat Exploration anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the forward-looking statements contained herein.

SOURCE Kat Exploration


Source: newswire