608
- 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
MARCH 16, 2004
TIERRA de ORO PROPERTY,
CHILE - INCA 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 350 metres in width.
Inca, discovered in 1998, is a north-easterly trending, 150
to 350 metre wide zone of phyllic and argillic alteration
containing numerous, multi-directional, gold-bearing quartz-iron
oxide structure ‘veins’ traceable over 2000 metres
of strike. A single 1998 bulldozer trench crossing the zone
approximately 400 metres from its northern end cut 114 metres
with a weighted average grade of 1.07 g/t gold.
Assays have recently been received from new mapping and sampling
of an area 150 metres south to 300 metres north of this trench.
This area contains numerous old workings and test pits on
structure veins from 0.5 to 2.5 metres wide. Three 20-40 metre
wide swarms of these veins form a core to the zone. The ‘main
veins’ from each swarm were sampled at 30 to 50 metre
intervals depending on outcrop and workings density, the fine
veinlet stockworks between wherever possible.
Fifty “vein” and wall rock chip sample assays
have now been received. The ‘vein’ assays range
in value from 0.22 g/t to 35.9 g/t gold and in widths from
0.5 to 3.0 metres. The weighted average gold grades of the
‘vein’ assays received so far from the three vein
swarms are: 3.73 g/t over 1.9 metres, 7.04 g/t over 1.7 metres
and 7.05 g/t over 1.9 metres. Some of the higher assay values
include;
Sample
# |
Gold
(g/t) |
Width
(m) |
| 10646 |
4.91 |
1.3 |
| 10654 |
35.90 |
1.9 |
| 10655 |
5.61 |
1.3 |
| 70957 |
4.43 |
1.7 |
| 70959 |
4.77 |
1.4 |
| 115734 |
7.27 |
1.5 |
| 116756 |
8.80 |
1.5 |
| 116758 |
6.00 |
1.3 |
235904 |
8.73 |
3.0 |
235997 |
12.16 |
3.0 |
The first two vein swarms are only 15 metres
apart and where they pass through the 1998 trench it ran 1.46
g/t gold over 75 metres.
Chip sample assays from the intervening wall rocks (i.e. areas
between high-grade veins) range from 0.06 to 0.72 g/t gold
and average about 0.3 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 Acme Analytical
Laboratories, Santiago (1998) or ALS Chemex Laboratory, Coquimbo.
The sampling programs continue on this and other zones with
more results expected soon from this very large gold camp
with both underground and open pit potential.
BY ORDER OF THE BOARD
Terry Walker
PRESIDENT, DIRECTOR
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 protection
INVESTOR RELATIONS:ROBERT A. YOUNG
AND ASSOCIATES 1 877 626 2121
|