VANCOUVER, Nov. 15 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that Pistala's Phase I Exploration Program is scheduled to commence December 4th, 2007.
Phase I will consist of a series of detailed mapping, soil, and rock sampling, designed to obtain a general understanding of the geological features at Pistala. Approximately 100 samples will be taken from the property from selected outcrops and anomalies targeted by senior geologist Mr. Marco Fernandez-Concha. Data from Phase I will help define targets for subsequent trenching, test pit, and drilling phases of exploration.
The Pistala project is a 1600 hectare copper prospect located east of the major NW-SE trending Incapquio fault system in Southern Peru. It inhabits the same metallogenic belt region as other world class deposits, of which include the Cuajone, Cerro Verde/Santa Rosa, and Topuepala mines. These mines are actively mining copper at grades ranging from 0.3% to 0.74% and lie within the same cretaceous group of rocks as the Pistala property.
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, please contact Cristina Bittante, Corporate Communications, 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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