VANCOUVER, Nov. 12 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it has completed an airborne geophysical survey of its 25 quartz mineral claims in the Yukon territory.
A low-level, multi-sensor airborne geophysical survey over the Company's Yukon property collected data from magnetic and radiometric instruments using a Bell 206 BIII Helicopter equipped with a cesium vapor magnetometer sensor in a nose stringer (with sensitivity better than 0.01 nT with compensation) and 8.4 Litres of of NaI gamma radiation detection crystals.
Precision GeoSurveys Inc. of Vancouver, BC was contracted to perform this survey which is designed to assist in the interpretation of bedrock units, structure, and alteration. Survey lines were flown over the approximate 522-hectare property on an East-West orientation (as the regional trend is NW-SE) with 100 meter spacing and 1000 meter spacing for tie lines.
Interpretation of results will be released when available.
Additionally, Network geologists have nearly completed their analysis of the Caldera drifting program (see news September 23, 2009) as the last pertinent assay results were received on November 1. Results from this program will be released shortly.
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 866 637-5138) or visit the Company's website: 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 Commission.
SOURCE Network Exploration Ltd.
For further information: For further information: Network Exploration Ltd., (604) 638-7363, toll-free 1-866-637-5138