VANCOUVER, June 3 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) is pleased to announce that it has completed a 60 metre channel
sampling program within La Blanca mine at the Company's Caldera property in
northern Chile. Results of the program revealed 5.82 g/t of gold over
Four adits were completed by artisanal miners in the past. Of these, the
uppermost adit (No. 4) was the most extensive. Results of sampling of the adit
walls over a length of 36 metres, which included a 4 metre section that was
not sampled, show a 12.0 metre sample assaying 5.82 g/t gold and a further
20.0 metre sample assaying 2.21 g/t gold. Results from the nine samples taken
in two of the other adits were also highly anomalous, with the highest assay
value being 1.765 g/t of gold over 2.0 m.
The highest value for gold was 9.24 g/t over 2 metres. Silver and copper
values were also found to be anomalous, with maximum values reaching 20.9 g/t
over 2.0 meters and 3,000 ppm over 2.0 meters, respectively.
"Individual results from these continuous channels show uniformity in the
mineralization, especially in the area's upper-most level," says Marco
Fernandez-Concha, the Company's senior geologist. Moving forward, Network
Exploration plans to conduct a second phase of exploration, implementing
vertical drilling over the northeastern part of the system.
La Blanca houses a 300m x 100m silica breccia, consisting of stockwork
with quartz-sericite alteration. It is located on the western portion of a
porphyry copper-gold system at the Company's 24 sq. km Caldera property.
Samples were taken as two metre continuous chip samples in the adits,
placed in tamper proof bags and delivered by company personnel to the ALS
Chemex laboratory in La Serena, Chile where they were assayed utilizing the Au
plus 36 element ICP package.
This field program is managed by Senor Marco Fernandez-Concha, an
experienced South American geologist. This press release has been approved by
Ken Thorsen, a Director of the Company and the Company's Qualified Person.
Network Exploration Ltd. is a mineral exploration company committed to
building shareholder value through the acquisition of base and precious metal
properties in North and South America. For additional information, contact the
company at 604-638-7363 (toll-free 1-866-637-5138) or visit
ON BEHALF OF THE BOARD OF DIRECTORS
Forward-Looking Statements: This news release has been prepared by
management. This document contains certain forward looking statements which
involve known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or achievements
of the Company to be materially different from the results, performance or
achievements implied by these forward looking statements.
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE. This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities & Exchange
For further information:
For further information: Allison Murray, Corporate Communications, (604)
638-7363, toll-free 1-866-637-5138