June 12 , 2007
International PBX Ventures Ltd. is pleased to report continuing excellent results from the molybdenum-copper resource definition program comprising 10,000 metres of diamond drilling.
Hole # |
From (m) |
To (m) |
Width (m) |
% Mo |
% Cu |
Comments |
CQ 50 |
11.2 |
175.3 |
164.2 |
0.037 |
0.14 |
On ridge of Cerro Moly |
|
11.2 |
110.0 |
98.9 |
0.046 |
0.19 |
|
|
|
|
|
|
|
|
CQ 51 |
1.5 |
37.8 |
36.3 |
0.022 |
0.32 |
S of Cerro Moly, hole lost in fault |
|
|
|
|
|
|
|
CQ 52 |
14.8 |
289.5 |
274.7 |
0.025 |
0.08 |
On ridge of Cerro Moly |
|
14.8 |
156.0 |
141.3 |
0.034 |
0.12 |
|
|
|
|
|
|
|
|
CQ 53 |
9.4 |
165.8 |
156.5 |
0.056 |
0.19 |
S of Cerro Moly, hole lost in fault |
including |
9.4 |
100.0 |
90.7 |
0.017 |
0.28 |
|
including |
100.0 |
165.8 |
65.8 |
0.109 |
0.05 |
|
Note 0.1% Mo=2 lb/short ton 1%copper=20 lb/short ton
View hole locations
All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile using the atomic absorption spectro photogrametric (AA) technique following hot four-acid digestion.
Tor Bruland, MSc,PGeo is the qualified person under National Instrument 43-101 in charge of the program . The results should be considered preliminary exploration data.
Copaquire is located in northern Chile on the west fissure which hosts some of the largest copper-molybdenum porphyry mines in the world. It is the last well-exposed major porphyry system in Chile yet to be fully explored. The company has an option to purchase a 100 per cent interest in the property.
ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.
Gary Medford, Ph.D., P.Geo.
PRESIDENT AND CEO
Office: 604 681 7748
Toll Free: 1 877 681 1154
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The company relies on “forward- looking” statement litigation protection.