NEWS RELEASE |
June
16 , 2003
The company has diamond drilled hole 2A vertically and is pleased to report a section of 0.6 percent copper over 52 metres with the following breakdown: 0 - 22
m Oxide 22 m 1.09 percent copper This hole confirms the oxide grade reported in the 1963-64 program and may indicate the presence of a porphyry stockwork mineralized with chalcopyrite and pyrite. The stockwork is characterized by one to ten millimeter quartz-sericite-chalcopyrite veinlets and stringers. This mineralization is believed to give rise to the 2.4 km by 300-500 induced polarization anomaly that can now be considered extremely prospective.
"Gary Medford,
PhD., P.Geo." 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 |