Handcamp Gold Property
High grade Gold, Copper, Zinc , Lead & Silver.
The Handcamp Property is a very promising gold and base metals exploration property in central Newfoundland, Canada. The province of Newfoundland and Labrador is a mining friendly jurisdiction that is known for its world-class mineral deposits and offshore oil reserves. By way of example, between 1928 and 1984, the Buchans Mines in Newfoundland produced 16.2 million tonnes of ore grading 14.51% zinc, 1.33% copper, 7.56% lead, 126 g/t silver and 1.37g/t gold. At today’s metal prices the Buchans deposits would have a gross value of about 10.3 billion $US. The world class Voisey’s Bay Nickel Deposit in Labrador, now owned and currently being mined by Vale Inco Newfoundland & Labrador Limited, has a resource estimate of 141 million tonnes grading 1.63% nickel, 0.85% copper and 0.09% cobalt. At today’s metal prices the deposit has a gross current value of 65.9 billion $US. Iron ore deposits in western Labrador have been producing since the 1960’s and the extensive oil reserves at Hibernia and elsewhere offshore Newfoundland are currently in production.

The Handcamp prospect, located on the Handcamp Property, is a structurally modified volcanogenic massive sulphide deposit in the northern extension of the group of rocks that hosted the Buchans deposits. It is also in the same group of rocks that hosted the past producing Gullbridge Mine about 11 km to the south-southwest of Handcamp. Between 1967 and 1972, about 3 million tonnes of 1.1% copper were produced from Gullbridge. Remaining historic reserves there amount to 1.6 million tonnes grading 1.04% copper. The company is very encouraged by recent results from drilling on the Handcamp property. As reported in a news release on August 25, 2010, encouraging gold mineralization accompanied by elevated zinc and lead was intersected at shallow depth. “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 3.5m (2.6m 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 (15.6m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width).”

The induced polarization geophysical method is very effective at identifying the zone of mineralization at Handcamp. Only a portion of the Handcamp mineralized trend as outlined by the geophysics has been drill tested and there are other geophysical anomalies subparallel to the known Handcamp trend that have not been drill tested. Portions of these anomalies have associated gold-in-soil anomalies thereby making them additional prime targets for futuredrilling. The company is in the process of establishing a more extensive grid in the area on which additional IP geophysical and soil geochemical surveys will be conducted to further delineate anomalies identified previously as well as potentially identify new ones.

The Handcamp Property (the Property) is a gold-silver, base metal exploration property owned by Kat Gold Holdings Corp. (OTC.QB:BVIG) (“Kat Gold” or “the company”) in Central Newfoundland. The Property consists of 4 contiguous claim blocks totaling 226 claims, for an area of 56.5 square km. It is located 15 km along the Trans Canada Highway (TCH) south of South Brook, a small community situated near the south end of Halls Bay along the north coast of Newfoundland (Figure 1). Driving time from St. John’s, the capital of Newfoundland, to the Property is approximately 6 hours. A regional airport is located at Deer Lake 115 km (1 hour) west along the TCH.

Handcamp Project (PDF Format)