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
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
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