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.
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INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Canadian Venture Exchange