Network Exploration (fka NET.H (TSXv))

[december]

Network receives government approval for Pistala


2007-04-10 10:02 ET - News Release

Mr. Alexander Helmel reports

NETWORK RECEIVES MINISTRY OF MINES APPROVAL FOR PISTALA ACQUISITION; PHASE II EXPLORATION UPDATE AT CALDERA

Network Exploration Ltd., pursuant to its news in Stockwatch on March 7, 2007, regarding the company's acquisition of the 1,600-hectare Pistala property in southern Peru, has received final government approval for the staking of the claims from Peru's Ministry of Mines office in Lima, Peru.

The company will commence preparations to create an exploration program at the Pistala property designed to outline the surface geology of the property through a series of geological mapping and surface sampling campaigns. Senior geologist Marco Fernandez-Concha will be preparing the initial exploration programs for the Pistala property and will consult with neighboring claimholders -- Colorado-based Apex Silver Mines Ltd. and Australian-based Western Metals -- regarding possible collaboration of efforts for the initial exploration programs.

The Pistala property is located east of the major northwest-southeast-trending Incapquio fault system in southern Peru in a geological belt having the same characteristics as other world-class copper deposits. Approximately 150 kilometres northwest of Pistala and within the same cretaceous group of rocks as Pistala, the Topuepala, Cuajone and Cerro Verde/Santa Rosa mines are operating copper mines extracting grades ranging from 0.3 per cent to 0.74 per cent Cu.

Caldera update

At the company's 2,700-hectare Caldera property in Chile, phase II exploration is currently being completed. The extensive predrilling exploration program led by senior geologist Mr. Fernandez-Concha -- previous general manager of Teck Peru SA -- has been designed to further analyze the copper and gold anomalies on the property and to pinpoint target locations for the company's upcoming drill locations.

Approximately 1,500 metres of excavator trenches have been completed, 12 lines have been strung, and approximately 120 test pits have been prepared from which over 450 channel and chip samples are being removed. Mr. Fernandez-Concha will be transporting over 3,500 kilograms of samples to the ALS Chemex Lab in La Serena for detailed mineral analysis.

In preparation for the company's upcoming drill program, Mr. Fernandez-Concha has used the excavator to prepare several drill pads for known drill target locations. The remaining locations will be determined by the outcome of the present exploration program.

We seek Safe Harbor.

[december]

Nice clsoe today..........new 52 week high very soon.......

[december]

Teck + NET.H = $$$$$$$$

[brief case]

everyone went home, good news this week with Thorsen going on the board-he knows the property extremely well

[december]

I am all alone here :(

[december]

Good PR last week. No buying :(

[december]

.60-.70 range. They need to finance again. The property in Chile has big potential. Copper should bounce from here.

[allspice]

I love low float plays. What's your target price by end of 07?

[december]

The stock looks good at these levels. Tight float.

[allspice]

How could I not be? LOL!

[december]

You long NET?

[allspice]

Why not? Good thinkin'!

[december]

I think it should trade over .40

[maniactrader]

Ok, I just have to be careful, been burned several times with mining stock.

[december]

Teck management....i think we are ok

[brief case]

Have a look at the website-former Teck and Noranda guys involved in the project-they are the ones who pushed for the property as it used to be a Noranda property in the 90's. These guys know what is there, why would you risk 35 years in the business for this if you didn't.

[maniactrader]

Are you sure these assay results can be trusted??
I mean seriously - a chip sample?
no drill, no core sample
who is ACME??
Last time I heard, CHEMEX was the only lab to trust for sampling results.
I would proceed with caution.

[december]

Looking for copper in Chile. Big results on the last PR.