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KATX KAT Exploration Inc (CE)

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03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
KAT Exploration Inc (CE) USOTC:KATX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.0001 0.0001 0.0001 140,099 01:00:00

KAT Exploration and Bella Viaggio, Inc. Commence Drilling on Handcamp Gold Property

06/07/2010 3:00pm

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KAT Exploration (CE) (USOTC:KATX)
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KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com

KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to inform its shareholders & investment community that drilling on the Handcamp high grade gold property has begun today.

The first selected drill targets are taking place over the exposed outcrop known as the "Main Handcamp" showing, where channel samples generated a result of 7.1 g/t gold over 28ft along the surface.

The first series of three holes will be drilled at different intervals down depth. The next series also consists of three down depth holes two hundred meters south of the first drill holes. This is a new area that was discovered during the first round of an IP survey which coincided with gold anomalies in soils. The next series of holes will be in several areas to the north where IP, soils and trenching revealed strong anomalies near surface and at depth along with heavy mineralization in uncovered outcrops. This first phase of drilling will take place within a 1400 meter strike length of a very impressive gold bearing structure.

A second round of an IP survey will be carried out North West of the grid which is showing another large anomaly open to the west. This new target is very large and requires immediate testing to confirm the magnitude and size of the target.

Mr. Dean Fraser P. Geo and a geophysicist (RDF Consulting Ltd.) have been contracted to work with Mr. R. James Weick on the Handcamp project including the second round of geophysics.

President & CEO Ken Stead: "Over the weekend meetings with both geologists and geophysicist for a complete overview of the work thus far has demonstrated some new discoveries which has shed additional light on the potential of the Handcamp project. Like all companies, when a project gets to the stage of drilling, there is always a certain amount of apprehension and uncertainty as to what it will produce. However, the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."

Qualified Persons

Mr. R. James Weick P. Geo & Mr. Dean Fraser P. Geo and a geophysicist, an Independent Qualified Person as defined by National Instrument 43-101 has reviewed the drill program, supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.

New photographs of the latest trenching have been added to the KAT Exploration website exposing large mineralized zones within the 1400 meters strike length. At certain stages of the drilling program, when results have been obtained from the lab contracted to analyze the drill samples, a press release will inform shareholders of those results.

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 Investor Relations Kat Exploration Inc Ph 902-497-3188 jzwicker@katexploration.com www.katexploration.com

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