- 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
March 14 , 2005
SECOND HOLE COMPLETED AT COPAQUIRE MOLY-COPPER PORYPHYRY, CHILE
The company is pleased to report that the second inclined hole was completed at 500 metres depth (1640 feet) 100 metres beyond its planned depth of 400 metres (1312 feet) and is mineralized with molybdenite throughout with sections of copper as chalcopyrite in the upper 300 metres (984 feet).
Hole number 3 has been collared 500 metres north and 200 metres west of Hole number 2 and oriented in a southerly direction at an angle of -50°. This hole has encountered strong copper and molydenum mineralization from the top to its current depth of 50 metres (164 feet) with copper occurring as chalcocite and native copper and the molybdenum as molybdenite and ferro-molydenite. The planned depth for this hole is 400 metres (1312 feet).
The company is also pleased to announce that its Los Lomitas copper-silver property has been returned unencumbered by Aldershot Resources. Aldershot carried out a bare minimum evaluation of this property and many targets remain to be drill tested.
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
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.