VANCOUVER, Aug. 24 /CNW/ - Network Exploration Ltd. (the "Company")
(TSX.V: NET.H) is pleased to provide an update on its mineral projects and
plans for the upcoming season. Key activities will include drilling at the
Company's Caldera property in Chile, surface exploration at Pistala, and
review of new acquisition opportunities in South America.
Caldera Project: The Company will commence its first phase drill program
at its Caldera gold and copper project in Chile. Results from Network's Phase
II exploration program completed in May 2007 have outlined drill targets in
both the copper zone and the newly discovered gold zone on the property. The
company will be drilling holes to depths of 250m at locations designed to test
each of these zone's mineral concentrations.
Pistala Project: Senior geologist Mr. Marco Fernandez-Concha is currently
outlining the Phase I exploration program for the Company's Pistala copper
project in southern Peru. Phase I exploration will consist of mapping,
surveying, and surface sampling to establish targets for a more detailed
trench and sampling program to follow. Network is expected to commence Phase I
exploration in the fall of 2007.
New Opportunities: The Company is evaluating potential mineral
exploration projects in South America, focusing on quality gold and copper
projects with large scale potential. The Company hopes to add an additional
project by the end of 2007.
Network Exploration has submitted all required documents to the TSX
Venture Exchange for the purposes of Tier II graduation. The Company eagerly
anticipates Tier II graduation so it can move forward with the recommended
work program at Caldera, preliminary exploration at Pistala, and the
acquisition of new and exciting mineral projects in South America.
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 (866) 637-5138) or visit the Company's website: