July
10 , 2003
IVU-V UPDATE
EL TABACO, CHILE:MORE PRIMARY SULPHIDES
The company is pleased to report that the
mineralization reported in hole 1 has been extended to the
west in vertical hole 1A wherein a 68 metre section reported
0.83 percent copper (136-204m) as follows:
18 - 36 m chalcopyrite 18m 0.25% copper
96 - 102m " 6m 0.36% "
136- 174m " 38m 1.15% "
188- 204m " 16m 0.81% "
Holes 9-13 reported low levels of copper
in all cases and were located to test for copper oxide mineralization.
Hole 9 was drilled in an area expected to have over one percent
copper but was later determined to have been drilled down
a shear which had been heavily leached. The large drill rig
being used precluded more drilling in the area previously
reporting good oxide on a hole by hole basis and further testing
of the oxide will require a smaller unit. Holes 10-13 encountered
silicified rock which is not a good host for the oxide.
Hole 14 was used to evaluate a geophysical
anomaly and returned a section of pyrite with minor scattered
chalcopyrite between 10 and 54 metres and a section of 0.1
percent copper over 16 metres between 110 and 126 metres.
This anomaly strengthens to the north and will be re-drilled.
Drilling and evaluation of geophysical targets
continues.
BY ORDER OF THE BOARD
"Gary Medford, PhD., P.Geo."
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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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]
Trading Symbol: IVU - Canadian Venture
Exchange
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