ETLS posted another green close and continues its slow, deliberate path toward $.003 and above.
EKWX this stock would win the American Idol voting if it had the chance. It closed near session highs on Monday and looks poised to build on recent astronomical gains.
EMXC struggled with some head winds most of the session. The buying volume was somewhat muted, even with the $.032 book valuation. I still think this stock trades higher going forward.
KATX a well timed press release at session lows helped bolster the stock somewhat. I think tomorrow and the rest of the week will be telling for KATX. We need to see this stock back over $.08 to build upon the recent momentum.
MOUNT PEARL, NL, Apr 05, 2010 (MARKETWIRE via COMTEX) -- 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
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EMXC down today..
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