NET:TSX Venture - Chronology of Success
Greetings,
Below is a summarized chronology of the events leading to today’s winning package found in Network Exploration (NET). This junior resource penny stock, with a $3.6 million market cap, is well positioned to deliver extraordinary gains to investors positioning at current levels.
Network Exploration Ltd (NET : TSX Venture) Stock Chart
NET has a veteran management and exploration team (including ex-President of Teck), and a hand picked propety with the potential for a large scale open pit gold and copper deposit.
The stock has become quite liquid over the past few weeks, as exploration and development efforts intensified on the La Blanca gold target in Chile. Investors are positioning in anticipation of a successful drill campaign, on the horizon.
Chronology of events:
Jan-Apr 2006 - NET puts together a winning team:
Ken Thorsen (21 years with Teck, rising from Regional Geo Manager to President)
Marco Fernandez-Concha (25 years with several multi-national mining companies, General Manager for Latin America)
July 2006 - NET acquires 50% in the Caldera propery in Chile. This is a massive 24 square km gold-copper porphyry system. The property was hand selected by their senior geo team, after a comprehensive review of several properties throughout Chile and Peru. According to Marco, NET’s Senior Geologist, ”
The Caldera is located in the middle of elephant country, surrounded by massive mines and exploration project. The property has extensive previous workings carried out by hand, with surface gold being dug out with shovels. It has never been extensively explored using modern mining techniques.
July-Dec 2006 - Encouraging fieldwork and expanded land position acquired.
Dec 2006 - NET files 43-101 for the Caldera property. ”
Feb-Sep 2007 - Phase II exploration at Caldera uncovers further encouraging assays around Caldera, updates 43-101.
Dec 2007-Feb 2008 - First drill program proves widespread porphyry system on Caldera: Marco stated
May 2008 - NET shifts focus to the La Blanca gold target. Previous hand-mining operations warrant further exploration.
June 2008 - Results from channel sampling in La Blanca reveal 12 meters of 5.82 g/t gold.
Sept 2008 - NET acquires option for Heuvos Rojos property in Peru.
May 2009 - Net initiates underground drifting program on La Blanca gold target on the Caldera property. This drifting program intends to tunnel under the mountain, connecting adits from previous workings, to get a better handle on what the gold system looks like.
Jul 2009 - NET acquires Yukon claims close to Underworld’s White Gold discovery.
Aug 21 2009 - Site visit by senior management to plan and develop second phase program for La Blanca mine works. Options granted at 0.10/share.
The drifting program should be completed by now, and assays in the lab. The results will give NET a go ahead to plan a serious drill program on the property. The company is targetting a large low cost, high tonnage gold-copper system on this massive property.
BOTTOM LINE: Three years in the making, we are heading into a very exciting time for NET. Anyone positioning here should be in for a good run in the coming weeks as the company moves the Caldera project forward.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Pillspot.org. Canadian Health&Care.No prescription online pharmacy.Special Internet Prices.Pillspot.org. Vitamins@buy.online” rel=”nofollow”>.…
Categories: Pain Relief.Anxiety/Sleep Aid.Stomach.Vitamins/Herbal Supplements.Womens Health.Stop SmokingEye Care.Blood Pressure/Heart.Mens Health.Antidiabetic.Antiviral.Antibiotics.Weight Loss.Mental HealthAntidepressants.Skin Care.Anti-allergic/A…