November 6 , 2003
ZULEMA : CHILEAN COPPER-GOLD PROJECT JOINT VENTURE PROGRESSES
The Company has reviewed the drill program conducted by our joint venture
partner (PHR news release, November 3,2003) and concurs with the observation
that Candelaria type sulphide mineralization has been encountered. Candelaria
is an open pit mine, located 30 km east of Zulema, wherein historical
production plus reserves total about 500 million tonnes grading 0.95 per
cent copper and 0.22 g/t gold. The geological and geophysical setting
of Zulema indicate a target of comparable potential size and our joint
venture partner intends to aggressively continue with further geophysical
surveying and drilling. The Company will retain a 30 per cent interest
in the property.
BY ORDER OF THE BOARD
"Gary Medford, PhD., P.Geo."
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
INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Tel: (604) 681-7748
Fax: (604) 681-0568
Email: [email protected]
Trading Symbol: IVU - Canadian Venture Exchange