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2007-09-14 - News Release
Mr. Alexander Helmel reports
NETWORK ANNOUNCES
NEW SYMBOL "NET" ON TSX-VVancouver, British Columbia : Network Exploration Ltd. (the "Company") (TSX.V: NET.H) is pleased to announce that further to its news release on September 11, 2007 the Company has met all conditions required by the TSX for Tier 2 graduation. Commencing September 17, 2007 at market open, the shares of Network Exploration will begin trading under the new ticker symbol “NET” on the TSX Venture Exchange.
“I am very pleased to see Network listed on the TSX-Venture Exchange as we now have a solid platform on which the Company can grow,” states company President Mr. Alexander Helmel. “We are excited to move forward with our exploration program at our South American projects and we will be pursuing possible acquisition opportunities to continue developing Network.”
The Company is preparing for its upcoming drill program at its Caldera gold and copper project in Chile. Senior geologist Mr. Marco Fernandez-Concha (formerly of Teck Exploration) will supervise a diamond drill program designed to test the mineral presence at depth in the gold and copper zones at Caldera.
A two-phase drill program has been recommended by independent Geological Engineer Mr. Peter Folk after a comprehensive review of all available exploration data. As reported May 31, 2007, results from the Company’s recent trench and test pit program indicated widespread near-surface copper averaging up to .48% copper over 10 meter lengths. Additionally, trench N15, located on the North East side of Caldera, revealed two 35m sections averaging .43 g/t gold. As gold assays around the property have shown anomalous results of up to 6.6 g/t gold (reported August 2006), this newly discovered gold zone will be targeted in the Company’s drill program.
The Company also expects to be commencing first phase exploration at its Peruvian Pistala copper project. Details and timing for this program are expected in the next few weeks.
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).
Network Exploration Ltd.
www.networkexploration.com
(604) 638-7363
We seek Safe Harbor.
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. These statements include "characteristics of a gold and copper porphyry system with excellent geological potential". 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.