NEWS RELEASE |
|
April 6, 1998 OPEN PIT GOLD POTENTIAL OVER SUBSTANTIAL WIDTHS INCA ZONE, TIERRA DE ORO, CHILE The Company is pleased to announce that samples from a trench crossing the "Inca" zone, located approximately 300 metres from the north end, reported 1.1 gpt gold over 114 metres with two included higher grade sections of 2.0 gpt gold over 36 metres and 2.2 gpt gold over 13 metres. Gold was measured using wet chemical methods and samples are currently being fire assayed. Past experience on this property indicates the fire assay should boost the above grades by about 10%. The "Inca" zone is well developed over a 2000 metre north-south strike length and varies between 150 and 350 metres in width. It comprises strong argllic alteration with numerous multi-directional gold-bearing quartz-iron oxide veins. Should the above grades persist along strike, a several million ounce open pit gold resource could be readily delineated. Trenching will continue on this zone. The Tierra de Oro property is located 20 km from the Pan American highway at an elevation of only 1500 metres and is next to the main Chile power grid. Well water is available on site. The Tierra de Oro project is owned 100% by International PBX Ventures Ltd. and no royalties are payable. On behalf of the Board of Directors of
"Gary A. Medford",
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this Release.
This is not an offer to buy or sell, nor a solicitation of an offer to buy or sell these securities.
Click here to view the Property Compilation Map.
For further information please contact John Gomez.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Vancouver Stock Exchange
|