209
- 475Howe Street
Vancouver, BC Canada V6C 2B3
TEL: (604) 681-7748 • FAX: (604) 681-0568
TSX VENTURE EXCHANGE SYMBOL: PBX
EMAIL: [email protected]
WEB SITE: www.internationalpbx.com
Aug 23, 2004
HORNITOS PROPERTY, CHILE-
OPTION AGREEMENT NEGOTIATED
International PBX Ventures Ltd. has entered
into an option agreement with Aldershot Resources Ltd. to
explore its Hornitos property in Region III, Chile. Hornitos
covers a portion of the Atacama fault system in an area prospective
for large Iron Oxide Copper Gold (IOCG) deposits. The property
is in an area of very active exploration by both senior producers
and junior exploration companies.
Aldershot can earn a 65 per cent interest in Hornitos by making
cash payments of $370,000 and expending $1.3 million in exploration
work, of which $260,000 is required to be spent in the first
year of a four year agreement.
BY ORDER OF THE BOARD
Gary Medford
Director
The TSE 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.
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