VANCOUVER, Dec. 28 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that its first-phase drill program at the Caldera property in Chile will commence January 15, 2008 and will consist of 6 holes totaling approximately 1500m designed to test the copper and gold targets as determined by the Company's recent sampling and trenching programs.
The Company has engaged Rock Drilling S.A. to complete an R.C. drilling program under the supervision of senior geologist Mr. Marco Fernandez-Concha. The program is expected to last approximately 3 weeks.
"We are pleased to have engaged Rock Drilling SA to carry out our drill program at Caldera," states Director Richard Schnoor. "This program will test selected targets to a depth of approximately 250 meters."
The Company's recently completed trenching programs were designed to analyze the near-surface presence of copper and gold at the 2400 hectare Caldera property located in the mineral-rich Huasco Province of Chile. Results from this program indicate widespread near-surface copper averaging up to .48% copper over 10 meter lengths and included 150 meters of 1921ppm copper, 180 meters of 1628ppm copper, 170 meters of 1311ppm copper and two, 35 meter sections averaging 0.43g/t gold. These areas have been used to select the drill targets for this program.
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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