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VANCOUVER, Oct. 19 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to provide an exploration update on its two properties in South America and invites investors to its booth at the Toronto Resource Investment Conference October 21st and 22nd.
Caldera:
The Caldera gold and copper project in northern Chile is now drill-ready and the Company is engaging a drilling contractor to begin Phase I of its upcoming drill program. Having recently completed a comprehensive trenching and test-pit program, the Company has successfully identified gold and copper targets for a deep drill program of approximately 250 meters per hole. Drill dates will be announced shortly.
Pistala:
Network Exploration has approved the Phase I exploration program at the Company's Pistala copper project in southern Peru. Senior Geologist Mr. Marco Fernandez-Concha will supervise a team to collect samples and record data to prepare a series of geological maps for a subsequent, comprehensive trench and test-pit program.
On October 21st and 22nd 2007, Network Exploration will be exhibiting at the 2007 Toronto Resource Investment Conference held by Cambridge House International at the Metro Toronto Convention Centre, South Building, 222 Bremner Blvd. Toronto Ontario. The Company invites interested investors to meet company representatives for more detailed information regarding Network's upcoming exploration programs.
Network Exploration Ltd. is a mineral exploration Company committed to building shareholder value through the acquisition of base and precious metal properties in North and South America. For additional information, contact the company at 604 638-7363 (toll free 866 637-5138) or visit the Company's website: www.networkexploration.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Alexander Helmel"
President
Forward looking Statements. This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements.
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THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE. This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than statements
of historical fact, included herein are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's documents
filed from time to time with the British Columbia Securities Commission
and the United States Securities & Exchange Commission.
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