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Network Exploration Reviewed in Mining Journal as Geometry and Volume of Ore Body to be Established in Historic Chilean Gold System
Network Exploration Reviewed in Mining Journal as Geometry and Volume of Ore Body to be Establish...
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[{"type":"text","content":"\nNetwork Exploration Reviewed in Mining Journal as Geometry and Volume of Ore Body to be Established in Historic Chilean Gold System\n\n\n May 21, 2009 (Baystreet.ca) -- Mining MarketWatch Journal has published a review on Network Exploration Ltd. (TSX VENTURE: NET). The review offers insight and opportunity afforded investors as NET.V possesses a stretch of highly mineralized gold bearing hills surrounding a copper-gold porphyry caldera in Chile, aptly named their 'Caldera' project. The hills host several abandoned mines that stand testimony to gold bearing breccia that exists within; the abandoned La Blanca mine site alone is situated within a 300m x 100m silica breccia consisting of ancient stockwork with quartz-sericite alteration. La Blanca sampled well with gold values upwards of 9.24 g/t over 2m and is now the target of a 2009 drift program to establish the geometry and volume of the gold systems ore body. Network Exploration is confident that modern exploration techniques will provide a detailed analysis of the underlying gold system on which to base possible exploitation of the mining concessions.\n\nThe full review and valuation commentary may be found at http://miningmarketwatch.net/net.htm online.\n\nExcerpts:\nThe risk-reward characteristics are highly advantageous for investors establishing a long position in NET.V now, as their planned exploration campaign progresses. Mining MarketWatch has confirmed NET.V is well capitalized to meet exploration goals and near-term obligations. The current market cap of NET.V relative to the inherent value of their Caldera project seems highly disproportionate. In light of the aforementioned and the fact near term catalysts exist to facilitate justified share price revaluation, NET.V appears undervalued with only ~51M shares outstanding and trading under CDN$0.06.\n\nNetwork Exploration Ltd. is a Canadian-based gold and base metals exploration mining company listed on the TSX Venture Exchange (ticker symbol NET). The Company has come to our attention due, in part, to the highly qualified technical management team's success in mining and the exceptional prospective nature of Network Exploration's flagship Caldera project in Northern Chile that has the earmarking of a significant gold discovery. Caldera hosts several abandoned mines that stand testimony to a gold bearing breccia th...