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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: siempre33	5/31/2009 9:00:15 PM
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Doesn't seem like anyone @ SI is following this story; what could develop into a great speculation is about to unfold in mining-friendly Chile [rated #1 in the world for mining in a recent survey].... miningmarketwatch.net Network Exploration Targets Historically Producing Gold Mine The risk-reward characteristics are highly advantageous for investors now establishing a long position in Network Exploration Ltd. (TSX-V: NET), as their planned exploration campaign progresses. The current market cap of NET.V relative to the inherent value of their Caldera project seems highly disproportionate. In light of the aforementioned and the fact near term catalysts exist to facilitate justified share price revaluation, NET.V appears undervalued with only ~51M shares outstanding and trading under CDN$0.10. NEW YORK, NY, May 29, 2009 /Sector Newswire/ - Precious Metals Review of Network Exploration Ltd. (TSX-V: NET) provides insight into the opportunity afforded investors as Network Exploration begins a drift program to establish geometry and volume of ore body around abandoned mines within gold bearing breccia in Caldera hills. The full Precious Metals Review with Valuation Commentary and chart may be seen at: sectornewswire.com Excerpts: "Network Exploration Ltd. (TSX-V: NET) is a Canadian-based gold and base metals exploration mining company listed on the TSX Venture Exchange. The Company has come to our attention due, in part, to the highly qualified technical management team's success in mining and the exceptional prospective nature of Network Exploration's flagship Caldera project in Northern Chile that has the earmarking of a significant gold discovery. Caldera hosts several abandoned mines that stand testimony to a gold bearing breccia that exists within -- NET.V plans to quantify the ore body of the gold system. Network Exploration was incepted under the premises that a good mining company starts with quality, skilled, and experienced individuals; NET.V was put together in 2006 starting with a solid group of people who then selected the best project they felt offered the most potential to add shareholder value - deciding on Caldera. Technical leadership includes the former President of Teck Exploration and the former South American Exploration Manager for Noranda & former GM responsible for Latin America for Teck Peru SA. Network Exploration possesses a stretch of highly mineralized gold bearing hills surrounding a copper-gold porphyry caldera in Chile, aptly named their 'Caldera' project. The hills host several abandoned mines that stand testimony to gold bearing breccia that exists within; the abandoned La Blanca mine site alone is situated within a 300m x 100m silica breccia consisting of ancient stockwork with quartz-sericite alteration. La Blanca sampled well with gold values upwards of 9.24 g/t over 2m and is now the target of a 2009 drift program to establish the geometry and volume of the gold systems ore body. Network Exploration is confident that modern exploration techniques will provide a detailed analysis of the underlying gold system on which to base possible exploitation of the mining concessions. La Blanca could conceivably host a world class deposit similar to Barrick's achievement at their ~18M oz Au Pascua-Lama gold and copper project. The NET.V Caldera project shares similar stratigraphy to the nearby Pascua-Lama gold and copper project (proven and probable reserves of 17.8 million ounces of gold, 717.6 million ounces of silver, 649.5 million pounds of copper) located ~60km to the SE and also Barrick's Veladero gold mine currently in production with 12.2 million ounces of gold. 2009 Phase 1 Exploration: NET.V will conduct an extensive underground drifting program below the gold-bearing La Blanca mine. An eight man team, headed by senior geologist Marco Fernandez-Concha, will crosscut 1.8m x 1.4m drifts in an area commencing approximately 30m beneath the La Blanca mine into the 100m x 300m silica breccia in which the gold-bearing La Blanca mine is located. This first Phase program will follow the gold vein structures approximately 200m into Cerro Caldera (Caldera Mountain)." The full Precious Metals Review with Valuation Commentary and chart may be seen at: sectornewswire.com

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