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Network explores "La Blanca" gold target at Caldera
VANCOUVER, May 26 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) announces the com...
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[{"type":"text","content":"\n\n\n\nVANCOUVER, May 26 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) announces the completion of an exploration program at the La\nBlanca mine, a historical gold producing mine located on the Company's Caldera\nProperty in Northern Chile.\n\n\nThe Company's exploration team, led by Marco Fernandez-Concha, has\nrecently completed a sampling program of La Blanca mine workings on the\nCaldera Property. The mine is located in the southwest portion of the\ncompany's claims and is the largest of 150 workings in the area. Other gold\nworkings are small and concentrate on exposing and sampling quartz veins while\nLa Blanca is a series of underground workings totaling approximately\n200 meters that has mined a portion of silica breccia stockwork in a\nquartz-sericite altered andesite. On surface, the stockwork is elliptically\nshaped with dimensions of 100m x 300m.\n\n\nThe gold showings in the area are several hundred meters southwest of the\nexposed contact of the intrusive complex which hosts the copper mineralization\nrecently reported by Network. La Blanca mine is also along strike with the\nnortheast trending structure and the gold placer workings located centrally to\nthe intrusive complex.\n\n\nFernandez-Concha and his team took 30 two meter channel samples along the\nwalls of the underground workings at three levels. Where possible, samples\nwere continuous.\n\n\nSamples were submitted to the ALS Chemex laboratory in La Serena where\nthey will be assayed for gold using a 50 gram fire assay and by ICP for 36\nelements. Assays are expected shortly.\n\n\nNetwork is excited about the gold potential, not only of La Blanca mine,\nbut of the large area of surface exposure of quartz veins and the shear zone\nwhich bisects the property and hosts placer workings. Part of the next phase\nof exploration will be to develop these targets further and to drill where\nappropriate.\n\n\nThe field program is managed by Senor Marco Fernandez Concha, an\nexperienced South American geologist. This press release has been approved by\nKen Thorsen, a director of the Company and the Company's Qualified Person.\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. For additional informat...