May 13 , 2008
International PBX Ventures Ltd. is pleased to announce that the drill program is underway on its Tabaco copper property. The drill program will test for mineralization of a 3D induced polarization (IP) chargeability anomaly discovered recently.
This 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. “I am very excited that we will finally be testing the 3D IP anomaly especially with the recent Teck Cominco acquisition of our neighbour Global Copper” commented George Sookochoff.
The Tabaco property is located on the same trend as the Global Coppers Relincho copper-molybdenum porphyry property located 10 kilometers to the north. 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.
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.