Mining Companies - Metals Companies

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Network Exploration Ltd. is a junior mineral exploration company targeting large scale base and precious metal properties in North and South America. Network is publicly traded on the Toronto Venture Exchange under the symbol "NET", and on Pinksheets under the symbol NETYF.  SP is currently .05 on 1 Oct 09.

The Company's focus is in Chile and Peru, where the mineral rich Andes Mountains provide an abundance of economically feasible copper and gold deposits to several of the world's largest mining corporations. As many of these deposits have yet to be discovered, the welcoming political and economic conditions, solid mining infrastructure, and cost effective operating environment provide an excellent opportunity for successful development and exploration.

Network Exploration has recently acquired exploration claims in the Yukon Territory as a response to a recent gold discovery nearby. The Company is currently discussing exploration plans for this project.

Properties

 CALDERA, Chile 
• Copper and gold porphyry target located in the Huasco province within the third region (Atacama) of northern Chile.


• 2007 trenching and sampling program revealed targets for a two-phase drill program.

• Phase I drilling was completed in March 2008. 1344 meters of RC drilling at 9 holes tested a small portion of the Caldera copper porphyry system.

• La Blanca gold mine channel sampled in June 2008 returned values up to 9.24 g/t Gold over 2 meters.

• Drifting program at the La Blanca gold mine underway - June 2009.

PISTALA, Peru


• Copper/moly/gold prospect located in the major northwest-southeast trending Incapquio fault system of Southern Peru.


• Mapping and sampling program completed December 2007 led by senior geologist Mr. Marco Fernandez-Concha. Results are pending.

Recent Developments


Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce the completion of its underground development and sampling program in the La Blanca gold mine workings at its Caldera project in Chile.

The Company reports that the Phase 1 gold exploration program outlined in our May 13, 2009 news release has been completed. Specifically, the Company's geological team has completed 95 metres of crosscutting through the mineralized silica breccia stockwork, together with three associated drifts totaling 90 metres in three separate test areas. All underground development work was designed to test the thickness and continuity of mineralization of the gold-hosting silica breccia stockwork at the 2600 meter elevation, within an area of historic drilling and underground development that had shown the structure to host significant mineralization (e.g., 5.82 g/t gold over 12 meters - see news release of June 3, 2008). Surface and underground mapping indicates the overall dimensions of the breccia stockwork to be approximately 100 meters thick by 300 meters of strike length and a minimum tested dip length of 60 meters, which is open at depth. The silica breccia stockwork is hosted in a quartz-sericite altered andesite that rims the southwestern side of the main copper-gold bearing granodiorite porphyry system.

Ninety-four underground wall samples were taken along the entire length of the new underground workings. They have been submitted to ALS Chemex Laboratory in La Serena Chile, where they will be analyzed by procedure Au-SCR22 ("metallics" or screen fire assay) and ME-ICP 41 (35 element ICP) methods.

Senior geologist Mr. Fernandez-Concha stated, "We are currently commencing development of an exploration plan and requisite budget for a Phase II program based on current copper and gold results and will incorporate pending gold results when they become available."

Share Structure

 S/O 57,550,222

FD 99,725,472

Warrants Exp 11 May 10 12,122,500 @ .05

Warrants Exp 9 June 10 6,316,596

 Management

 Alexander Helmel - President


Richard Schnoor – CFO

Finance

May 2009

216,480K cash and cash equivalents

No long-term debt

Quarters diluted Loss/share (.0005)

News Releases

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