VANCOUVER, July 9 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET) is pleased to announce that it has acquired additional property
in southern Peru that will complement the company's existing Pistala property.
The newly staked area - Pistala Sur - hosts copper oxide staining over a 100m
by 100m area and is positioned south of the original Pistala claim blocks in
the province of Tacna, Peru.
Pistala Sur is a copper-gold-molybdenum target covering 1300 hectares. It
is located approximately 5 kilometers south of the Company's Pistala property
within the Incapuquio-Challaviento fissure fault system which hosts world
class deposits including the Cucajone, Toquepala, and the Cerro Verde/Santa
Rosa deposits. Pistala Sur is located south of an intense semi-circular zone
of hydrothermal alteration and at the western margin of a tectonic zone
delimited by two regional faults.
The Company's Pistala property is located adjacent to projects led by
Australia's Western Metals and Apex Silver from the United States. Western
Metals has announced a 2,500 meter drilling program for 2008.
First phase exploration conducted at the Pistala property earlier this
year entailed geological mapping at a scale of 1:10,000 over approximately
2300 hectares, as well as the collection of 96 samples. Anomalous and
sub-anomalous values of copper and gold were found in two definitive zones,
including 25 samples of gold that assayed 10 or more ppb, and 11 samples that
assayed over 100 ppm of copper.
Network Exploration Ltd. is a mineral exploration Company committed to
building shareholder value through the acquisition and exploration of base and
precious metal properties in North and South America. For additional
information please visit www.networkexploration.com.
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
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