RE: NEWS OUT!!!! 3 gold zones!Network's recent program at La Blanca reveals three gold zones
, /CNW/ - NetworkExploration Ltd. (the "Company") (TSX.V: NET) is pleased to announcethat the recently completed underground program at the La Blanca goldzone on its Caldera property has revealed the existence of threedistinct gold zones with grades of up to 5.01 g/t Au over four metres,4.55 g/t Au over 14 metres, and 2.45 g/t Au over 18 metres. These zoneswere interpreted from assay results of continuous panel chip samplestaken along one wall of the entire new workings and data from previouscampaigns.
La Blanca gold prospect, one of several gold targets on theproperty, encompasses a 1.4 km by 400 metre area of historicalartisanal gold workings. The recently completed program of 190 metresof drifting focused on one small area named the La Blanca mine.
Samples from the 2008 program were assayed using standard atomicabsorption (AA) procedures followed by gravimetric procedures forsamples with AA assays greater than 10 g/t Au. The initial 34 samplestaken in the 2009 program were treated similarly to the 2008 samples.On comparing assays to amounts of visible gold from panning the Companydecided to initiate a program of pulps and metallics assay techniquesto determine a more accurate gold content in the samples. Rejects fromthe initial 34 samples and the remaining 60 samples were all assayedusing the pulps and metallics method. As a further check, two panelswere re-sampled on site, divided at the laboratory into 50 gram splitsand each split was assayed by atomic absorption followed by gravimetricfinish if enough sample remained. On the first of these two samples theoriginal AA gravimetric assay returned 18.85 g/t Au and the average ofthe seven splits is 4.55 g/t Au. The second of these samples originallyassayed 0.707 g/t Au and the average of the 10 splits is 9.08 g/t Au.The results of this test work indicate the erratic distribution of goldwithin the mineralized area.
The Company is immediately undertaking a new bulk sampling analysisof the existing underground workings to potentially get morerepresentative gold assays over what appears to be a bulk mineabletarget. Additionally, Network is planning a significant follow-up drillprogram to further delineate the depths and strike lengths of thegold-hosting structures.
Analysis of the current assays led Network's geologists to concludethat La Blanca gold breccia zone contains at least three distinct zonesof gold mineralization; specifically the Gold Internal Zone, the GoldExternal Zone, and the Central Zone.
The Gold Internal Zone
Located at the north end of La Blanca silica breccia zone, theGold Internal Zone correlates in part with historical workings anddelineates a zone interpreted to be at least 70 metres long by 15metres wide. The strike and down dip extension is unknown and will betested with drilling. The average grade of panel samples along thestrike of the zone is 2.42 g/t Au. Individual samples within the zoneassay up to 9.24 g/t Au. Out of a total of 41 samples, 31 exceeded 0.1g/t Au.
The Gold External Zone
Located on the western side of La Blanca silica breccia zone andalso correlating in part with historical workings this zone is at least50 metres long by 10 metres wide and open along strike and to depth.The average grade of panel samples (37 samples) through this zone is1.08 g/t Au. Individual samples within the zone ranged from 0.08 g/t Auto 2.74 g/t Au.
The Central Zone
The Central Zone is located in or near the Main adit and isdifficult to interpret and correlate accurately at this time. TheCentral Zone contains two sections - one represented by two samplesaveraging 5.01 g/t Au (four metres) and a second represented by ninesamples (18 metres) of lower grade material averaging 0.37 g/t Au. Theexact orientation of this zone is unknown.
"We are very excited about the results from our recent explorationprogram at La Blanca and are eager to test this area at depth and alongstrike," states senior geologist Marco Fernandez-Concha. "Our intentionis to determine the extent of this gold system."
About Caldera
The Caldera property lies in the western Andes of northern ,at an average elevation of 2600 metres, and lies approximately 120kilometres northeast of the city of La Serena, The property is easilyaccessible by primary and secondary roads. La Blanca gold zone occursin the southwestern portion of the Caldera property, and has thepotential to host both open-pit and underground resources. The propertyalso contains significant porphyry copper-gold targets currently beingevaluated by the Company.
This field program was managed by Senior Marco Fernandez-Concha, anexperienced South American geologist. Samples from this program wereplaced in tamper proof bags and delivered by Company personnel to theALS Chemex laboratory in La Serena. This press release has beenapproved by, P.Eng., a Director of the Company and the Company's Qualified Person, as defined by NI 43-101.
Network Exploration Ltd. is a mineral exploration Company committed tobuilding shareholder value through the acquisition of base and preciousmetal properties in North and . For additional information, contact the company at 604 638-7363 (toll free 866 637-5138) or visit the Company's website: www.networkexploration.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Alexander Helmel"
President
Forward looking Statements. This news release has been prepared bymanagement. This document contains certain forward looking statementswhich involve known and unknown risks, delays, and uncertainties notunder the Company's control which may cause actual results, performanceor achievements of the Company to be materially different from theresults, performance or achievements implied by these forward lookingstatements.
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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 Securities Exchange Act of 1934, as amended. All statements, other thanstatements of historical fact, included herein are forward-lookingstatements that involve various risks and uncertainties. There can beno assurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Company's expectations aredisclosed in the Company's documents filed from time to time with theBritish Columbia Securities Commission and the Securities & Exchange Commission.
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For further information: Network Exploration Ltd., (604) 638-7363, toll-free 1-866-637-513