209 - 475Howe Street
Vancouver, BC Canada V6C 2B3
TEL: (604) 681-7748 • FAX: (604) 681-0568
Canadian Venture Exchange Symbol: PBX
EMAIL: [email protected]
WEB SITE: www.internationalpbx.com
OCTOBER 4, 2004
TIERRA de ORO, CHILE - INCA ZONE EXTENSION,
NEW ZONE DISCOVERED
International PBX Ventures Ltd. is pleased to report
additional assays from detailed surface mapping and sampling programs
on its wholly owned, 4456 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 350 metres in width.
The subject of this news release is assays from detailed chip sampling
and residual soil surveys extending 500m north and 900m east of the previously
explored INCA zone. This area contains old workings and test pits on structure
veins which are part of the northern extension of eastern most “INCA
main vein swarm” (see NRL March 16, 2004) and, 450 m to the east,
a new zone of similar auriferous structures and veins from 0.5 to 3.0
metres wide. This new zone contains fewer old workings but can be traced
along strike for over 400 metres through a strong gold-in-soil anomaly.
Twenty two “vein” and wall rock chip sample assays have been
received from this area. The ‘vein’ assays range in value
from 0.13 g/t to 31.9 g/t gold and in widths from 1.0 to 2.5 metres.
The weighted average gold grades of the ‘vein’ assays received
from the 150 metre northern extension of the “east INCA main vein
swarm” is 9.35 g/t over 1.6 metres. The weighted average gold grade
of all fifteen new and previous assays from the 400m strike of the ‘main
vein’ from this swarm sampled to date is 8.1 g/t over 1.7 metres.
‘Vein’ assays from the new zone are limited to five widely
spaced old pits and range in gold grade from 0.19 g/t over 3.0m to 4.93
g/t over 1.7m.
Chip sample assays from the intervening wall rocks in both zones (i.e.
areas between high-grade veins) range from 0.06 to 0.24 g/t gold and average
about 0.2 g/t gold.
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 in Chile at the ALS-Patagonia Laboratory, Coquimbo.
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