608 - 475Howe Street
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;
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
The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy
of this release.