10 , 2003
Holes 5-7 were driven from the outside of the original copper oxide boundary to follow up on shallow induced polarization (IP) features. Hole 5 was highly anomalous in copper from top to bottom at 160 metres and also intersected 18 metres of 0.42 percent copper as chalcopyrite between 50 and 68 metres. This hole also cut traces of chalcopyrite (12m) between 128 and 140 metres and is otherwise in pyritic skarn. Holes 6 and 7 were also anomalous in copper but predominantly pyritic skarn.
The above holes, including well-mineralized hole 1, are believed to be peripheral shallow level tests of a much larger more coherent IP target at depth that has been defined by a recently completed deeper penetration IP survey. Evidence of porphyry style mineralization has been observed in holes yet to be reported and the company believes that we have thus far only tested upward reaching fingers of a deeper seated main mineralized body with minimum dimensions 2.4 km by 300-500 m.
We have completed
1800 metres of drilling and will continue with the deeper drilling required
to fully evaluate the property.
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Canadian Venture Exchange