The recent rebound in spot gold prices to around US $325 has brought renewed enthusiasm to junior exploration oriented mining companies like International PBX Ventures Ltd. In these past few weeks all our loyal shareholders must be wondering what has been happening with the Company since this turnaround of gold has not been reflected in our share price considering the gold asset that the Company has in the Tierra de Oro property in Chile.
Due to the poor gold market over the last year the Company has been unable to raise sufficient funds to carry out the scale of continued exploration and development this property justly deserves. However, the property has been maintained in good standing and converted to mining exploitation concessions. To refresh the readers memory the following is a re-cap of Tierra de Oro's highlights:
The company believes that the Tierra de Oro property contains the earmarks of a future gold producer, is dedicated to maintaining and advancing this exciting asset and is especially encouraged by the recent, long overdue reversal in the gold market.
In anticipation of this market upturn IPBX has been reviewing other jurisdictions for potentially large and novel precious metals projects and is awaiting confirmatory assays from a large high-grade gold-silver project in a poorly explored but accessible part of Mexico.
On behalf of the Board
"Terence Walker, M.Sc, P. Geo."
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this Release.
This release contains
"forward looking statements" within the meaning of Section 27A of the Securities
Act 1933 and Section 21B of the Securities Exchange Act of 1934.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Vancouver Stock Exchange