Business
Network Exploration acquires copper, molybdenum, and gold porphyry property in Southern Peru
Network Exploration acquires copper, molybdenum, and gold porphyry property in Southern Peru.
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, March 7 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET.H) reports that it has recently returned from a successful\nproperty inspection trip in Southern Peru where the Company has staked,\nsubject to final government approval, a 100% interest in the 1,600 hectare\nPistala property where it will be targeting a porphyry system.\n\n\nLocated east of the major NW-SE trending Incapquio fault system in\nSouthern Peru, the property is in the same metallogenic belt region as other\nworld class deposits. The Cerro Verde/Santa Rosa, Cuajone, and Topuepala mines\nare located approximately 150Km North West of the property where they are\nmining copper at grades ranging from .3% to .74%, and lie within the same\ncretaceous Toquepala group of rocks as the Pistala property.\n\n\n"We are extremely pleased to have acquired such an outstanding property\nand we're looking forward to an aggressive exploration program in mid 2007,"\nstates Director of International Operations Mr. Richard Schnoor.\n\n\nThe Pistala property is immediately adjacent to claims owned by the\nAustralian mining company Western Metals and Apex Silver Mines Ltd. - an\nactive exploration and mining company based in Colorado. The acquisition was\nbased on the Company's review of historical data which suggests that there\ncould be potential for a large porphyry deposit hosting copper, molybdenum,\nand gold.\n\n\nNetwork Exploration Ltd. is a mineral exploration Company committed to\nbuilding shareholder value through the acquisition of base and precious metal\nproperties in North and South America.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n\n"Alexander Helmel"\n\n\nPresident\n\n\n-------------------------------------------------------------------------\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE\n\n\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS\n\n\nRELEASE. This news release contains certain "Forward-Looking Statements"\n\n\nwithin the meaning of Section 21E of the United States Securities\n\n\nExchange Act of 1934, as amended. All statements, other than statements\n\n\nof historical fact, included herein are forward-looking statements that\n\n\ninvolve various risks and uncertainties. There can be no assurance that\n\n\nsuch statements will prove to be...