September 13 , 2007
International PBX Ventures Ltd. is pleased to report the following results from the molybdenum-copper resource definition program comprising 15,000 metres of diamond drilling.
Hole # |
From (m) |
To (m) |
Width (m) |
% Mo |
% Cu |
g/t Re |
CQ 63 |
0.0 |
512.0 |
512.0 |
0.051 |
0.06 |
0.08 |
including |
60.0 |
234.0 |
174.0 |
0.070 |
0.06 |
0.12 |
including |
308.0 |
368.0 |
60.0 |
0.072 |
0.05 |
0.11 |
|
|
|
|
|
|
|
CQ 64 |
31.8 |
190.1 |
158.3 |
0.040 |
0.26 |
0.09 |
including |
82.0 |
158.0 |
76.0 |
0.059 |
0.27 |
0.13 |
|
|
|
|
|
|
|
CQ 65 |
13.5 |
210.0 |
196.5 |
0.019 |
0.13 |
0.06 |
including |
13.5 |
100.0 |
86.5 |
0.033 |
0.13 |
0.09 |
Note 0.1% Mo=2 lb/short ton 1%copper=20 lb/short ton
Hole locations are posted on www.internationalpbx.com
Hole 63 is drilled from the valley bottom to a depth of 512 metres. The drill ended in mineralization and extends the depth of mineralization approximately 100 metres below previous holes. Hole 64 shows increasing copper as it is located in the transition area north of the Cerro Moly Molybdenum zone and south of the Sulphato Copper zone. Hole 65 is located near the east boundary of mineralization.
All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile.
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.