PBX & Chile
Management of International PBX Ventures has been committed to actively evaluating and acquiring projects in Chile since the mid 1990s as Chile hosts many of the world’s largest porphyry copper and molybdenum deposits and many of the highest grade and lowest cost copper deposits. Fraser Institute "Survey of Mining Companies 2008/2009" (658 mining executives and managers worldwide) rated Chile as the top Latin American nation for mining.

Copaquire Copper Moly Project
PBX Ventures' flagship Copaquire Project is located in the Chilean copper porphyry belt. This arc-parallel belt includes 30 porphyry Cu-Mo deposits and prospects with the largest amount of copper concentration in the world, totalling about 220 million tonnes of copper. The Quebrada Blanca and Collahuasi producers are within 15 kilometers of the property.

Scoping Study
A recent positive Preliminary Assessment report (Scoping Study) by AMEC Engineering shows a strong NPV at today's copper and molybdenum prices. The report suggests resources at Copaquire will be mined by open-pit. AMEC has developed an ultimate pit and selected a scoping level production plan to process 36,000 tonnes of mill feed per day. The PA suggests a mine capable of producing approximately 785.4 million lbs of copper and 166.4 million lbs of molybdenum over a 24-year mine life at an operating cost of $7.15 per tonne.

Titan Deep Penetration IP Survey
PBX has recently completed a Titan 24 Deep Penetration IP survey over Copaquire's two copper molybdenum porphyry bodies to test the depth and extension of the porphyries. The Titan survey which is capable of penetrating up to 1.5km depth will also provide valuable information regarding the relationship between the Marta and Copaquire porphyries which appear separate at surface but may in fact be extensions of one single larger porphyritic body at depth. Results are pending.