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Property NewsOctober 29, 2010 Network Exploration Ltd. announced it has received the assay results from the drill program on its Caldera property in Chile. Assay results from the drill holes targeting the copper-gold-molybdenum system are generally disappointing and lead to the conclusion that the system is a low grade porphyry system. The Board of Directors of the Company has decided to return the property to the vendors. November 25, 2009 Network Exploration announced a second phase drill program at the Caldera project, Chile. The 3,000 m drill program will test the gold and copper bearing system on the La Blanca gold prospect, trench 15 area, and the copper porphyry targets. November 24, 2009 Network Exploration announced the results of the recently completed underground program at the La Blanca gold zone on its Caldera property located in the Huasco province, Chile. The program revealed the existence of three distinct gold zones with grades of up to 5.01 g/t gold over 4 m, 4.55 g/t gold over 14 m, and 2.45 g/t gold over 18 m. These zones were interpreted from assay results of continuous panel chip samples taken along one wall of the entire new workings and data from previous programs. |
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