1 , 2003
INDUCED POLARIZATION TARGET ON EL TABACO ENLARGED
The company has completed additional geophysical surveying to extend the
anomaly reported in our news release of January 21, 2003 from a strike
length of 1.5 kilometers to a strike length of 2.4 kilometers with a width
of 400 to 500 meters. Additional crosslines to test the anomaly at greater
depths of 250 to 300 meters indicate excellent continuity along strike
and at depth.
is generally overlain by visible oxide copper development with residual
chalcopyrite (primary copper sulphide) occurring occasionally as coarse
clots. A central portion of the anomaly measuring about 800 by 300 meters
was previously drilled (1963-64) and reported a weighted average of 1.03%
leachable copper in 48 holes mineralized from surface to about 30 metres
. One hole, only, was drilled to 75 meters and also reported 1.03% leachable
copper with grades up to two percent near bottom where associated with
chalcocite (secondary copper sulphide). No holes were drilled deep enough
to test the induced polarization anomaly.
A structural feature cutting through the drilled area was formerly high
graded for gold and silver and there is evidence of elevated gold distributed
in the oxide
mineralisation. The target is a large copper-gold-silver mineralised system
that merits further attention.
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