21 , 2003
TABACO GEOPHYSICAL SURVEY YIELDS BIG TARGET
Management has just completed a field review of its large Chilean gold,
silver and copper property holdings and prioritized its exploration efforts.
With receipt of the final induced polarization report on the Tabaco property
the company believes that a drill program should be mounted as an immediate
priority to test a substantial induced polarization anomaly present at
a minimum depth of about 125 metres and wth a strike length of 1500 metres
and a width of about 500 metres. The anomaly is well defined to a depth
of about 300 metres where tested on one crossline and is open along strike.
In light of the extensive copper gold and silver mineralization present
on the property at surface and in previous shallow drilling, management
believes the possibility of intersecting a copper-gold-silver primary
sulphide body is exceptional. The survey confirms the company's interpretation
gained from geological mapping that a porphyry system underlies the area.
BY ORDER OF THE BOARD
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
INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Tel: (604) 681-7748
Fax: (604) 681-0568
Email: [email protected]
Trading Symbol: IVU - Canadian Venture Exchange