1 , 2003
INDUCED POLARIZATION TARGET ON EL TABACO ENLARGED
The company has completed additional geophysical surveying
to extend the open
anomaly reported in our news release of January 21, 2003 from
a strike length of 1.5 kilometers to a strike length of 2.4
kilometers with a width of 400 to 500 meters. Additional crosslines
to test the anomaly at greater depths of 250 to 300 meters
indicate excellent continuity along strike and at depth.
The anomaly is generally overlain by visible
oxide copper development with residual chalcopyrite (primary
copper sulphide) occurring occasionally as coarse clots. A
central portion of the anomaly measuring about 800 by 300
meters was previously drilled (1963-64) and reported a weighted
average of 1.03% leachable copper in 48 holes mineralized
from surface to about 30 metres . One hole, only, was drilled
to 75 meters and also reported 1.03% leachable copper with
grades up to two percent near bottom where associated with
chalcocite (secondary copper sulphide). No holes were drilled
deep enough to test the induced polarization anomaly.
A structural feature cutting through the
drilled area was formerly high graded for gold and silver
and there is evidence of elevated gold distributed in the
mineralisation. The target is a large copper-gold-silver mineralised
system that merits further attention.
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