Tabaco Project Update
(Vancouver) � George
Sookochoff, CEO of International PBX Ventures Ltd. (TSX.V - PBX)
announced today the completion of a short drill program on its Tabaco copper
property in Chile.
Drill hole 84-08 was
completed to a depth of 497 metres. The drill hole tested one of three
3D induced polarization (IP) chargeability anomalies located on the property.
Preliminary observations show the hole encountered manto-stylecopper
mineralization. However porphyry copper mineralization was not encountered in
this hole and the geophysical anomalyis believed to be caused by lithological
variation in the host volcanic package.
Observations of the drill core indicate mineralized intercepts were
encountered within the metasediments in the upper part of the hole. From 61.0
to 65.0 meters and from 81.0 to 107.0 meters disseminated chalcopyrite was
observed whilst from 129.0 to 215.6 meters occasional small zones of
covellite coating pyrite were noted. Drill samples have been sent to ALS
Laboratories in La Serena, Chile, for analysis.
PBX has added an additional 3,800 hectares to its original 2,500 hectare
Tabaco land package. �With Teck Cominco�s recent offer to acquire the
adjacent Global Copper Relincho copper deposit for $415 million, we felt it
important to take advantage of the Tabaco copper property�s favourable
location and expand PBX�s land position in what is becoming an exciting
exploration area of Chile.� said Mr. Sookochoff.
About PBX
International PBX Ventures is a Canadian junior mining and exploration
company focused on acquisition and development of copper, molybdenum and gold
properties in Chile. PBX's shares trade on the Toronto Venture Stock Exchange
under the symbol PBX.
This news release has been reviewed by
G. Medford, a qualified person under NI43-101, and president and director of
the company.
ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.
George Sookochoff, CEO
The TSX Venture Exchange does not accept
responsibility for the accuracy or adequacy of this news release.
The company relies on �forward- looking� statement litigation protection.
#209 - 475 Howe St., Vancouver, B.C. V6C 2B3
Ph: 604-681-7748 Toll Free: 1-877-681-1154
E: info@internationalpbx.com
W: http://www.internationalpbx.com
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