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Network to initiate underground drifting program into gold target
VANCOUVER, May 13 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to ann...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 13 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) is pleased to announce Phase 1 of its 2009 gold exploration\nprogram. Specifically, Network will commence an extensive underground drifting\nprogram below the gold-bearing La Blanca mine at the Company's Caldera\nProperty in Northern Chile.\n\n\nSurrounded by over 150 gold workings, and three abandoned gold mines, the\nLaBlanca mine - the largest of the historical mines on the property - is\nlocated in the southwest corner of the property in an elliptical stockwork\nseveral hundred meters southwest of the exposed contact of the intrusive\ncomplex which hosts the copper mineralization recently drilled by Network. The\nLaBlanca mine is a series of underground workings totaling approximately 200\nmeters beneath the surface of a 100 meter x 300 meter silica breccia stockwork\nin a quartz-sericite altered andesite. The LaBlanca mine is located on the\neast side of Caldera Mountain and is a strike extension of the northeast\ntrending structure that hosts the gold placer workings located centrally to\nthe intrusive complex.\n\n\nAn eight man team, headed by senior geologist Marco Fernandez-Concha,\nwill crosscut 1.8m x 1.4m drifts in an area commencing approximately 30m\nbeneath the La Blanca mine into the 100m x 300m silica breccia in which the\ngold-bearing La Blanca mine is located. This first Phase program will follow\nthe gold vein structures approximately 200m into Cerro Caldera (Caldera\nMountain). Network's management will evaluate the team's progress and results\nduring the entire 60-90 day Phase 1 program in order to determine the most\nprudent course of action for subsequent exploration programs.\n\n\nMr. Richard Schnoor, Director of International Operations states: "We've\nalways been excited by the gold targets at Caldera and this is our first real\nopportunity to systematically evaluate this system."\n\n\n"This gold area has had historical gold mining by local artesian miners",\nnotes Senior Geologist Marco Fernandez-Concha. "We are optimistic that this\nPhase 1 program will help us define a prudent course of action for exploring\nthe Caldera property."\n\n\nResults will be released when available.\n\n\nNetwork Exploration Ltd. is a mineral exploration Company committed to\nbuilding shareholder ...