May 23 , 2007
International PBX Ventures Ltd. is pleased to report continuing excellent results from the molybdenum-copper resource definition program comprising 10,000 metres of diamond drilling. Complete Hole CQ47 is revised from the previously reported assays.
Drill Hole # |
From (m) |
To (m) |
Width (m) |
% Mo |
% Cu |
CQ 47 |
0.0 |
354.3 |
354.3 |
0.048 |
0.19 |
including |
0.0 |
160.0 |
160.0 |
0.071 |
0.12 |
Also |
0.0 |
72.0 |
72.0 |
0.104 |
0.12 |
|
134.0 |
354.3 |
220.3 |
0.035 |
0.23 |
|
314.0 |
354.3 |
40.3 |
0.035 |
0.29 |
|
|
|
|
|
|
CQ 48 |
9.8 |
325.1 |
315.3 |
0.050 |
0.10 |
including |
9.8 |
60.0 |
50.2 |
0.064 |
0.34 |
|
104.0 |
178.0 |
74.0 |
0.084 |
0.06 |
|
|
|
|
|
|
CQ 49 |
0.0 |
300.0 |
300.0 |
0.044 |
0.09 |
including |
0.0 |
186.0 |
186.0 |
0.061 |
0.10 |
Also |
0.0 |
138.0 |
138.0 |
0.067 |
0.10 |
Note 0.1% Mo=2 lb/short ton 1%copper=20 lb/short ton
View drill hole locations
All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile using the atomic absorption spectro photogrametric (AA) technique following hot four-acid digestion.
Tor Bruland, MSc,PGeo is the qualified person under National Instrument 43-101 in charge of the program . 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.