VANCOUVER, April 10 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET.H) reports that pursuant to its news release issued March 7, 2007
- announcing the Company's acquisition of the 1600 Hectare Pistala property in
Southern Peru - the Company has received final government approval for the
staking of the claims from Peru's Ministry of Mines office in Lima, Peru.
The Company will commence preparations to create an exploration program
at the Pistala property designed to outline the surface geology of the
property through a series of geological mapping and surface sampling
campaigns. Senior Geologist Mr. Marco Fernandez-Concha will be preparing the
initial exploration programs for the Pistala property and will consult with
neighboring claimholders - Colorado based Apex Silver Mines Ltd. and
Australian based Western Metals - regarding possible collaboration of efforts
for the initial exploration programs.
The Pistala property is located east of the major NW-SE trending
Incapquio fault system in Southern Peru in a geological belt having the same
characteristics as other world class copper deposits. Approximately 150Km
North West of Pistala and within the same cretaceous group of rocks as
Pistala, the Topuepala, Cuajone and Cerro Verde/Santa Rosa mines are operating
copper mines extracting grades ranging from .3% to .74% Cu.
At the Company's 2700 Hectare Caldera property in Chile, Phase II
exploration is currently being completed. The extensive pre-drilling
exploration program led by senior geologist Mr. Marco Fernandez-Concha -
previous general manager of Teck Peru S.A. - has been designed to further
analyze the copper and gold anomalies on the property and to pinpoint target
locations for the Company's upcoming drill locations.
Approximately 1500 meters of excavator trenches have been completed, 12
lines have been strung, and approximately 120 test pits have been prepared
from which over 450 channel and chip samples are being removed. Mr. Marco
Fernandez-Concha will be transporting over 3500 Kilos of samples to the ALS
Chemex Lab in La Serena for detailed mineral analysis.
In preparation for the Company's upcoming drill program,
Mr. Fernandez-Concha has used the excavator to prepare several drill pads for
known drill target locations. The remaining locations will be determined by
the outcome of the present exploration program.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
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: contact the company at (604) 638-7363 (toll
free 1-866-637-5138) or visit the Company's website: