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Network drills 36 meters of 0.52% copper
VANCOUVER, March 14 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to a...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 14 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) is pleased to announce the results of the first four drill holes\non the Caldera Project located in Chile.\n\n\nHighlights of the first four holes include:\n\n\n- CA08-RC3 intersected 72.0 meters of 0.20% Cu, 0.124 g/t Au and 0.012%\n Mo including 35.0 meters averaging 0.26% Cu, 0.100 g/t Au and 0.011%\n Mo and an additional 24.0 meters averaging 0.19% Cu, 0.206 g/t Au and\n 0.019% Mo;\n\n- CA08-RC4 intersected 171.0 meters (the entire hole) averaging 0.23%\n Cu, 0.070 g/t Au and 0.006% Mo including 36.0 meters averaging 0.52%\n Cu, 0.120 g/t Au and 0.007% Mo.\n\n\n"These are exciting results for the first holes of our program as they\nare consistent with our theory of Caldera being a copper-gold-molybdenum\nporphyry system," says Director of International Operations Mr. Richard\nSchnoor. "Chilean geology hosts some of the world's largest copper porphyry\nsystems with unsurprisingly, some of the world's largest open pit copper\nmines."\n\n\nThe Caldera project is located in the mineral rich Huasco Province, in\nthe Atacama Region (region III) of Chile. The property is approximately 150\nkilometers northeast of the city of La Serena and consists of 17 mineral\nconcessions covering 2400 hectares at elevations between 2500 and 2800 meters.\n\n\nThis first phase drill program at Caldera has now been completed and\nincludes a total of 1344 meters in nine reverse circulation drill holes. Holes\nwere originally targeted to depths of 250 meters but as rock conditions tested\nthe depth capabilities of the drill (which was not capable of drilling angled\nholes) the company decided to drill three more holes than originally planned\nto complete the contracted footage.\n\n\nCA08-RC1 was targeted to test a moderate geochemical and induced\npolarization anomaly on the west side of the property. Moderately to strongly\naltered granodiorite with several zones containing weak pyrite and minor\nchalcopyrite were intersected. There are several thin zones with copper values\nbetween 0.1 and 0.2% copper but none of substantial thickness.\n\n\nCA08-RC2 was drilled 350 meters southeast of CA08-RC1 on the same\ngeochemical and geophysical anomaly and intersected similar rocks with one\nsection of more concentrated values.\n\n\nCA08-RC...