- 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
MAY 12, 2004
COPAQUIRE WORK PROGRAM
The company is re-establishing road access to the Copaquire
copper, molybdenum porphyry project with the intention of
initiating comprehensive geological, geochemical and geophysical
programs including induced polarization and magnetic surveys.
The 15 square kilometer property is 20 km west of the Collahuasi
copper mine (16.2 million tonnes of contained copper). See
the company news release of January 12, 2004.
The company has completed extensive geochemical
sampling and geophysics on the the Tabaco property. Not all
samples and check analyses have been received from the laboratory.
Preliminary results, however, indicate the presence of an
additional mineralized copper horizon with significant gold
and silver values. The company is currently evaluating the
results of its work programs and developing its future plans
which will include additional drilling .
Surface sampling has also been completed
on the Sierra Pintada property with the majority results yet
to come from the laboratory.
Work on the Tierra de Oro has culminated
with the discovery of yet another significant gold zone 500
metres east of the Inca zone. Chip samples received to date
from old workings range as high as 31.6 grams per tonne gold
over 1.2 metres.
The company will release more detailed results
once all assays and check assays are received from the laboratory.
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
Contact: Robert A. Young: 1 877 626
Vancouver office 604 681 7748