- 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
FEBRUARY 28, 2005
FIRST HOLE COMPLETED–COPAQUIRE MOLY-COPPER PORYPHYRY,CHILE
The company is pleased to report that the first vertical hole was completed at the planned depth of 400 metres ( 1312 feet) and is visibly mineralized with molybdenite throughout its full length. The first 200 metres repeat a previously drilled vertical hole which averaged 0.11 per cent Mo (or 2.4lb per tonne Mo). The casing has been left in place to facilitate re-entry of the hole for possible deepening once assays have been received.
Hole number 2 has been collared at the same location oriented in a northerly direction at an angle of -50 degrees . This hole has encountered even stronger molybdenite mineralization from the top to its current depth of 200 metres ( 656 feet) and also hosts copper occurring as chalcopyrite and locally native copper. This hole will be pushed to 400 metres (1312 feet).
The core is in the process of being split and sent for assay.
Terry Walker MSc., P.Geo. is the qualified person under National Instrument 43-101 who is in charge of the program.
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
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.