Company is pleased to announce encouraging results from a recently
completed geological mapping and rock sampling program carried out on its
wholly owned San Pedro titanium (gold-copper) property.
The San Pedro Property consists of four exploration concessions
totalling approximately 1,000 hectares located 58 kilometres by road west
of Vallenar, Region III, northern Chile.
property covers the northerly trending contact between late Cretaceous
granodiorites to the west and a diorite-gabbro-tonalite complex to the
geological mapping and surface rock sampling completed to date has
outlined two large, structurally controlled, titaniferous zones, San Pedro
and Colorado, which alter and mineralize the diorite-gabbro-tonalite
complex close to its contact with the granodiorites. Both mineralized zones consist primarily of phyllic
alteration with quartz-sericite flooding, silicification and veining
associated with aplitic dykes.
titanium mineralization is generally clean, free disseminations and
aggregates of red to red-brown Rutile. Widely spaced reconnaissance style
mapping and rock sampling indicates that the easternmost “San Pedro”
zone carries the highest grade. Assays from 30 representative outcrop chip
samples taken from the better exposed northwestern sector of this zone
range from 0.35% to 2.34% TiO2 and averaged 1.1%TiO2.
northwestern sector of the San Pedro covers an area of approximately
300,000 sq. metres along the top and flanks of a hill with 200 metres of
relief. This area represents
only 35% of the known length of the San Pedro zone.
On behalf of the Board
TheCanadian 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