Strike Claim Area

LOCATION

Network Exploratoin's Yukon project is located approximately 90 Km SSW of Dawson City Yukon and 8.5 Km east of Underworld Resources Inc.'s White gold property.

UTM:
591,000 E
7,010,000 N
Elevation Range: 400-500m

NEARBY EXPLORATION ACTIVITY

Underworld Resources (TSX-V:UW) acquired an option over the White Gold properties in May 2007 where they are exploring for bulk tonnage, intrusion-related gold mineralization.

Underworld's highlights from their recent drill programs include:
WD09-29: 60.5 meters averaging 3.89 g/t Au
WD09-31: 104.0 meters averaging 3.39 g/t Au
WD09-47: 31.1 meters averaging 9.20 g/t Au
WD09-64: 100.4 meters averaging 3.13 g/t Au
(Source: Underworld Resources website)

HISTORY

Acquisition:
The Yukon property acquisition was completd on June 25, 2009 whereby Network agreed to pay $75,000 cash and to issue 2,000,000 common shares of Network to the vendor. The vendor will retain a three percent net smelter return (NSR) of which one percent will be purchasable by the Company for $1 million (leaving a 2% NSR).

Network`s work commitment to the property vendor is $25,000 by June 1, 2010 and a further $225,000 by September 1, 2010.

PROJECT DEVELOPMENT

OCTOBER-NOVEMBER 2009

Magnetic Survey:
A low-level, multi-sensor airborne geophysical survey over the Company's Yukon property collected data from magnetic and radiometric instruments using a Bell 206 BIII Helicopter equipped with a cesium vapor magnetometer sensor in a nose stringer (with sensitivity better than 0.01 nT with compensation) and 8.4 Litres of of NaI gamma radiation detection crystals. Precision GeoSurveys Inc. of Vancouver, BC was contracted to perform this survey which is designed to assist in the interpretation of bedrock units, structure, and alteration. Survey lines were flown over the approximate 522-hectare property on an East-West orientation (as the regional trend is NW-SE) with 100 meter spacing and 1000 meter spacing for tie lines.

Survey lines outlined in red

Survey Details:
The Strike property is located south of the Stewart River and approximately 190 km north-west of Carmacks, YT. The survey area itself is approximately 4.7 km by 1.3 km. A total of 56.4 line kilometers of radiometric and magnetic data were flown for this survey, this total includes tie lines and survey lines. The survey lines were flown at 100 meter spacing‟s at a 90o/270o heading; the tie lines were flown at 1 km spacing‟s at a heading of 0o/180o.

Geophysical Data:
Geophysical data are collected in a variety of ways and are used to aid in the exploration and determination of geology, mineral deposits, oil and gas deposits, contaminated land sites and UXO detection.

For the purposes of this survey, airborne gamma ray spectrometer and magnetic data were collected to serve in the exploration of the Strike property. This property is part of the White Gold area play which is host to intrusion related gold mineralization.

Magnetic Data:
Magnetic surveying is probably the most common airborne survey type to be conducted for both mineral and hydrocarbon exploration. The type of survey specifications, instrumentation, and interpretation procedures, depend on the objectives of the survey. Typically magnetic surveys are performed for:
1. Geological Mapping to aid in mapping lithology, structure and alteration in both hard rock environments and for mapping basement lithology, structure and alteration in sedimentary basins or for regional tectonic studies.
2. Depth to Basement mapping for exploration in sedimentary basins or mineralization associated with the basement surface.

Radiometric Data:
Radiometric surveys detect and map natural radioactive emanations, called gamma rays, from rocks and soils. All detectable gamma radiation from earth materials come from the natural decay products of three primary elements, uranium, thorium, and potassium. The purpose of radiometric surveys is to determine either the absolute or relative amounts of U, Th., and K in surface rocks and soils.

Survey Operations:
Precision GeoSurveys flew the Strike property using a Bell 206 BIII Jet Ranger. The survey lines were flown at a nominal line spacing of one hundred (100) meters and the tie lines were flown at 1 km spacing for both the spectrometer and magnetometer as they were acquired simultaneously. The average survey elevation was 45.2 meters vertically above ground. The experience of the pilot helped to ensure that the data quality objectives were met and that the safety of the flight crew was never compromised given the potential risks involved in airborne surveying.

The base of operations for this survey was 192 km away in Carmacks, YT. The Precision crew consisted of a total of two members: Harmen Keyser - Pilot Chris Brown - Geophysicist/operator 

Equipment:
For this survey a magnetometer, spectrometer and a data acquisition system were required to carry out the survey and collect quality, high resolution data.

AGIS: The Airborne Geophysical Information System, AGIS, is the main computer used in data recording, data synchronizing, displaying real-time data for the operator to QC, pilot navigation and pilot display information. The AGIS was manufactured by Pico Envirotec; therefore the system uses standardized Pico software and external sources are connected to the system via RS-232 serial communication cables. The AGIS data format is easily converted into Geosoft or ASCII file formats by a supplied conversion program called PEIView. Additional Pico software allows for post survey quality control procedures.

Spectrometer:
The IRIS, or Integrated Radiometric Information System is a fully integrated, gamma radiation detection system containing two downward facing NaI detecting crystals for a total volume of 8.4 litres. Real time data acquisition, navigation and communication tasks are integrated into a single unit that is installed in the rear of the aircraft as indicated below. Information such as total count, counts of various elements (K, U, Th, etc.), temperature, barometric pressure, atmospheric humidity and survey altitude can all be monitored on the AGIS screen for immediate QC. All the radiometric data are recorded at 1 Hz.

Magnetometer:
The magnetometer used by Precision GeoSurveys is a Scintrex cesium vapor CS-3 magnetometer. The system was housed in a front mounted "stinger". The CS-3 is a high sensitivity/low noise magnetometer with automatic hemisphere switching and a wide voltage range, the static noise rating for the unit is +/- 0.01 nT. On the AGIS screen the operator can view the raw magnetic response, the magnetic fourth difference and the survey altitude for immediate QC of the magnetic data. The magnetic data are recorded at 10 Hz. A magnetic compensator is also used to remove noise created by the movement of the helicopter as it pitches, rolls and yaws within the Earth?s geomagnetic field.

Data Processing:
After all the data are collected after a survey flight several procedures are undertaken to ensure that the data meet a high standard of quality. All data were processed using Pico Envirotec software and Geosoft Oasis Montaj geophysical processing software. 5.1

Magnetic Processing:
During aeromagnetic surveying noise is introduced to the magnetic data by the aircraft itself, movement in the aircraft (roll, pitch and yaw) and the permanent magnetization of the aircraft parts (engine and other ferric objects) are large contributing factors to this noise. To remove this noise a process called magnetic compensation is implemented. The magnetic compensation process starts with a test flight at the beginning of the survey where the aircraft flies in the four orthogonal headings required for the survey (50o/230o and 140o/320o in the case of this survey) at an elevation where there is no ground effect in the magnetic data. In each heading roll, pitch and yaw maneuvers are performed by the pilot, these maneuvers provide the data that is required to calculate the necessary parameters for compensating the magnetic data. A computer program called PEIComp is used to create a model for each survey to remove the noise induced by aircraft movement; this model is applied to each survey flight so the data can be further processed.

A magnetic base station is set up before every flight to ensure that diurnal activity is recorded during the survey flights. Precision GeoSurveys uses a Geometrics 858 base station and sampled at 0.1Hz. Base station readings were reviewed at regular intervals to insure that no data were collected during periods with high diurnal activity (greater then 5 nT per minute). The base station was installed at a magnetically noise-free area, away from metallic items such as steel objects, vehicles, or power lines. The magnetic variations recorded from the stationary base station are removed from the magnetic data recorded in flight to ensure that the anomalies seen are real and not due to solar activity.

Some filtering of the magnetic data is also required. A Non Linear filter was used for spike removal. The 1D Non-Linear Filter is ideal for removing very short wavelength, but high amplitude features from data. It is often thought of as a noise spike-rejection filter, but it can also be effective for removing short wavelength geological features, such as signals from surficial features. The 1D Non-Linear Filter is used to locate and remove data that are recognized as noise. The algorithm is „non- linear? because it looks at each data point and decides if that datum is noise or a valid signal. If the point is noise, it is simply removed and replaced by an estimate based on surrounding data points. Parts of the data that are not considered noise are not modified. The combination of a Non-Linear filter for noise removal and a low pass trend enhancement filter resulted in level data as indicated in the results section of this report. The low pass filters simply smoothes out the magnetic profile to remove isolated noise.

A lag correction was applied to the total magnetic field data to compensate for the lag in the recording system as the magnetometer sensor flies 6.45 m ahead of the GPS antenna. Following a lag correction of 1.7 seconds, a low-pass filter equivalent to 1 second was then applied to the lag corrected data.

Radiometric Processing:
Radiometric data are processed by windowing the full spectrum to create channels for U, K, Th and total count. The data are then lightly filtered and corrected for survey altitude at standard temperature and pressure. Background radioactive contributions from the aircraft, cosmic radiation and atmospheric radon must also be removed. Finally the data are corrected by removing spectral overlap; this is done using the striping ratios that have been calculated for the spectrometer by prior calibration, this breaks the corrected elemental values down to the apparent radioelement concentrations. 

Interpretation of results will be released when available.