608
- 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
February 10, 2004
TIERRA de ORO PROPERTY, CHILE
- ROSARIO ZONE GOLD ASSAYS
International PBX Ventures Ltd. is pleased
to report additional assays from detailed surface mapping
and sampling programs on its wholly owned, 4056 hectare Tierra
de Oro property which covers the Sierra Chanchero gold camp
containing over 35 linear km of gold bearing structural zones
ranging from 50 to 300 metres in width.
The new assay results are from “vein”
and wall rock chip samples collected from the western structure
in the Rosario Zone. Assays have now been received from a
900 metre strike length of this structure extending 150 metres
north and 750 metres south of the historic Rosario Mine. The
‘vein’ assays range in value from 0.76 g/t to
16.75 g/t gold and in widths from 1.0 to 2.1 metres. The weighted
average grade of the thirty five ‘vein’ assays
received so far is 4.84 g/t over 1.46 metres. Higher values
include;
| Sample
# |
G/t Gold |
Width(m) |
10432 |
10.30 |
1.6 |
10433 |
4.38 |
1.1 |
10436 |
16.75 |
1.4 |
10437 |
8.77 |
1.7 |
10438 |
10.55 |
2.1 |
10280 |
8.78 |
1.6 |
10416 |
9.76 |
1.5 |
10536 |
7.12 |
2.0 |
10544 |
10.40 |
1.4 |
Chip sample assays from the intervening wall
rocks (i.e. areas between high-grade veins) are in the same
range as those obtained from the eastern structure.
As previously reported this zone is also
the locus of numerous shallow pits, trenches and shafts and
most of the creeks draining this area have been worked for
placer gold. Three to six main ‘veins’ have been
worked discontinuously from a 10 to 25m wide corridor within
the zone.
All samples were collected by experienced
samplers and geologists under the supervision of T. Walker
M. Sc. P. Geo., the designated qualified person as defined
by National Policy Instrument NI43_101. All samples were analysed
at ALS Chemex at their Coquimbo laboratory in Chile.
The sampling programs continue with more
results expected soon from this very large gold camp with
both underground and open pit potential.
BY ORDER OF THE BOARD
Terrance Walker
President, Director
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
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