January 29 , 2007
International PBX Ventures Ltd. is pleased to report continuing consistent, excellent results in the fifth and sixth holes of the molybdenum-copper resource definition program comprising at least 5000 metres of diamond drilling :
Hole # |
From (m) |
To (m) |
Width (m) |
% Mo |
% Cu |
Comments |
CQ 35 |
17.0 |
60.2 |
43.2 |
0.047 |
0.25 |
abandoned in fault |
|
|
|
|
|
|
|
CQ 36 |
0.0 |
200.0 |
200.0 |
0.069 |
0.12 |
primary |
including |
0.0 |
62.0 |
62.0 |
0.120 |
0.04 |
|
|
162.0 |
200.0 |
38.0 |
0.044 |
0.24 |
|
|
200.0 |
303.0 |
103.0 |
0.037 |
0.10 |
|
|
|
|
|
|
|
|
Note 0.01% Mo=0.2 lb/short ton 0.1%copper=2.0 lb/short ton
All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile using the atomic adsorption spectro photogrametric (AA) technique following hot four-acid digestion.
Terence Walker MSc, PGeo is the qualified person under National Instrument 43-101 in charge of the program and the company’s exploration manager in Chile. The results should be considered preliminary exploration data.
Copaquire is located in northern Chile on the west fissure which hosts some of the largest copper-molybdenum porphyry mines in the world. It is the last well-exposed major porphyry system in Chile yet to be fully explored. The company has an option to purchase a 100 per cent interest in the property.
ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.
Gary Medford, Ph.D., P.Geo.
PRESIDENT AND CEO
Office: 604 681 7748
Toll Free: 1 877 681 1154
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.