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Network to start drilling at Caldera
2007-12-28 09:24 ET - News Release
Mr. Alexander Helmel reports
NETWORK DRILLING AT CALDERA
Network Exploration Ltd. will commence its first phase drill program at the Caldera property in Chile on Jan. 15, 2008, and will consist of six holes totalling approximately 1,500 metres designed to test the copper and gold targets as determined by the company's recent sampling and trenching programs.
The company has engaged Rock Drilling S.A. to complete an RC drilling program under the supervision of senior geologist Marco Fernandez-Concha. The program is expected to last approximately three weeks.
"We are pleased to have engaged Rock Drilling SA to carry out our drill program at Caldera," states director Richard Schnoor. "This program will test selected targets to a depth of approximately 250 metres."
The company's recently completed trenching programs were designed to analyze the near-surface presence of copper and gold at the 2,400-hectare Caldera property located in the mineral-rich Huasco province of Chile. Results from this program indicate widespread near-surface copper averaging up to 0.48 per cent copper over 10 metre lengths and included 150 metres of 1,921 parts per million copper, 180 metres of 1,628 parts per million copper, 170 metres of 1,311 parts per million copper and two, 35-metre sections averaging 0.43 gram per ton gold. These areas have been used to select the drill targets for this program.
We seek Safe Harbor.
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