Business
Network phase I drill results
VANCOUVER, May 12 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) has now received ...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 12 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) has now received assays for the last five holes of the nine hole\n(1344 meter) drill program at the Caldera project in Chile. Nine holes were\ndrilled to test portions of a large intrusive with structural, geochemical or\ngeophysical anomalies. For the most part, alteration and sulphide (primarily\npyrite) content indicates that a large porphyry system exists and further\ndrilling is required to fully explore the system. It is believed that the\nrecent drill results are from above the copper-gold enriched part of the\nsystem.\n\n\n"The anomalous copper and molybdenum values received in Network's recent\ndrilling campaign demonstrate the presence of a large porphyry system," states\nSenior Geologist Marco Fernandez-Concha. "Porphyry-related elements such as\ngold and silver are sporadic but widespread, with moderate anomalous values up\nto 1.78 g/t gold over 3 meters, 6.2 g/t silver over 3 meters, and 0.52% copper\nover 36 meters."\n\n\nDrill holes CA08-RC5, 8, and 9 intersected highly anomalous copper. Hole\nCA08-RC5 is anomalous in copper throughout with contents reaching 0.18%\ncopper. Hole CA08-RC8 intersected 42 meters averaging 0.13% copper and 0.03\ng/t gold and hole CA08-RC9 intersected 69 meters averaging 0.18% copper and\n0.059 g/t gold. This is in addition to the earlier reported CA08-RC4 which\nintersected 171 meters averaging 0.23% copper and 0.07 g/t gold (including 36\nmeters averaging 0.52% copper and 0.12 g/t gold), CA08-RC3 intersecting 72\nmeters averaging 0.20% copper and 0.124 g/t gold, and CA08-RC2 which\nintersected 18 meters of 0.25% copper and 0.13 g/t gold (including 6 meters\nintersecting 0.46% copper and 0.31 g/t gold).\n\n\nClassic porphyry systems are characterized by many traits including\nstructural control, outer zones of base and precious metal deposition, a\ncomplex intrusive system with porphyritic monzonite at the center, zoned\nalteration, presence of silica rich breccia pipes, intrusion of late dykes of\nvarying composition, the presence of stockwork, the presence of chalcopyrite\nin the hypogene part of the profile and strong magnetic susceptibility at the\ncore. As observed from surface results and from drill cuttings from this first\nphase drill program, Caldera exhibits ...