March 31 , 2008
International PBX Ventures Ltd. has been informed by its drill contractor that the delivery of a drill to the Tabaco property has been delayed due to extended equipment maintenance. The delivery date is now scheduled for mid April.
“I am disappointed with the news as we are all anxious to start drilling the 3D IP anomaly as soon as possible” commented George Sookochoff. This 3D IP anomaly is considered highly prospective because exceptionally strong copper mineralization (1.29 per cent copper over 44 metres as coarse chalcopyrite) was encountered in a shallow 2003 drillhole precisely where the IP anomaly nears the surface.
The Tabaco property is located on the same trend as the Relincho copper-molybdenum porphyry property now being explored by Global Copper Corp. (GLQ-T), in that it skirts the edge of the same volcanic-batholithic contact. The company believes it may have located a similar porphyry system at Tabaco that has not been unroofed, and that the shallow copper resource developed to date merely represents related manto-skarn leakage mineralization.
Please visit our website at www.internationalpbx.com to view images of the 3D IP anomaly.
ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.
George Sookochoff, 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.