April 02 , 2007
International PBX Ventures Ltd. announces that it is mobilizing a second drill to the Copaquire molybdenum project in northern Chile . The company expects to complete a minimum 5000 metre program to extend the current 5000 metre campaign. An additional third drill has been ordered to arrive mid-May.
The company controls a large portfolio of gold, molybdenum and copper properties including the Copaquire molybdenum property. It is located on the productive West Fissure that localizes some of the world’s largest open pit multi-billion tonne copper-molybdenum mines including Collahuasi, 12 miles to the east. The company is currently completing a $7 million financing to aggressively advance the project.
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.