- 475 Howe Street
Vancouver, BC Canada V6C 2B3
TEL: (604) 681-7748 • FAX: (604) 681-0568
Canadian Venture Exchange Symbol: PBX
EMAIL: [email protected]
WEB SITE: www.internationalpbx.com
April 7 , 2005
COPAQUIRE MOLY-COPPER PORYPHYRY, CHILE – FIRST HOLE RESULTS
The company is pleased to report that a complete set of molybdenum assays from diamond drill Hole 1 at Cerro Moly have now been received.
As previously announced the first half of this 400m drill hole twins a previous 1977 Placer drill hole which averaged 0.108% Mo. The molydenum assay for the same interval in IPBX Hole 1 averages 0.109% Mo, essentially the same result. The average grade of the complete hole is 0.084% Mo with the last 21 metres averaging 0.12% Mo.
Drill Hole 6 also at Cerro Moly has now been completed to 312 metres depth and is also mineralised throughout with molybdenite. Drill Hole 7 has been collared 200 metres west of drill Hole 6 and also has a planned depth of about 300 metres.
All samples were collected, processed and shipped by experienced personnel under the direction and supervision of Terry Walker M.Sc, P.Geo. the qualified person under National Instrument 43-101 in charge of the program. All assaying has been done at ALS Chemex Laboratories in their Coquimbo facility in Chile.
BY ORDER OF THE BOARD
Terry Walker MSc., P.Geo.
Vancouver office 604-681-7748
Bill Koble 604-329-3341
Robert A Young and Associates 604-682-5123
Investor Relations 1-877-626-2121
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The company relies on “forward- looking” statement litigation protection.