Business
Network signs letter of intent for gold-silver property in Peru
VANCOUVER, Sept. 9 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to an...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 9 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) is pleased to announce that it has signed a letter of intent\n("LOI") to option Huevos Rojos, a gold and silver prospect in Peru's\nsoutheastern Ayacucho department.\n\n\nThe Huevos Rojos property is located approximately 100km east of Nazca\nand covers 1300 hectares. The property lies within the Puquio-Cailloma region,\nwhich is known for its low-sulfidation volcanic hosted epithermal deposits of\ngold and silver.\n\n\nThe Huevos Rojos prospect contains silver, gold, tin, and zinc in quartz\nvein structures within volcaniclastics and andesitic volcanic flows.\n\n\nUnder the terms of the LOI, Network will enter an option agreement\n(through its local subsidiary) to acquire an 80% interest in the Huevos Rojos\nproperty over a three year period. Network will make an initial payment at\nsigning of US$15,000, and make escalating annual payments over the subsequent\nthree years to total US$1.5m. The work commitment in the first year is\nUS$50,000.\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 information, contact the\ncompany at 604 638-7363 (toll free 866 637-5138) or visit the Company's\nwebsite: www.networkexploration.com.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n"Alexander Helmel"\nPresident\n\n\nForward looking Statements. This news release has been prepared by\nmanagement. This document contains certain forward looking statements which\ninvolve known and unknown risks, delays, and uncertainties not under the\nCompany's control which may cause actual results, performance or achievements\nof the Company to be materially different from the results, performance or\nachievements implied by these forward looking statements.\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS\nRELEASE.\n\n\nThis news release contains certain "Forward-Looking Statements" within\nthe meaning of Section 21E of the United States Securities Exchange Act of\n1934, as amended. All statements, other than statements of historical fact,\nincluded herein are forward-looking statemen...