16 , 2003
EL TABACO, CHILE: HOLE 2A:COPPER OXIDE AND STOCKWORK MINERALIZATION
The company has diamond drilled hole 2A vertically
and is pleased to report a section of 0.6 percent copper over
52 metres with the following breakdown:
0 - 22 m Oxide 22 m 1.09 percent copper
22 - 24 m Fault zone
24 - 34 m Stockwork, py/cpy 10 m 0.44 percent copper
34 - 38 m barren
38 - 52 m Stockwork, py/cpy 14 m 0.15 percent copper
52 - 68 m Stockwork, py 16 m anomalous copper
This hole confirms the oxide grade reported
in the 1963-64 program and may indicate the presence of a
porphyry stockwork mineralized with chalcopyrite and pyrite.
The stockwork is characterized by one to ten millimeter quartz-sericite-chalcopyrite
veinlets and stringers. This mineralization is believed to
give rise to the 2.4 km by 300-500 induced polarization anomaly
that can now be considered extremely prospective.
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
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