November 6 , 2003
ZULEMA : CHILEAN COPPER-GOLD PROJECT JOINT
The Company has reviewed the drill program conducted by our
joint venture partner (PHR news release, November 3,2003)
and concurs with the observation that Candelaria type sulphide
mineralization has been encountered. Candelaria is an open
pit mine, located 30 km east of Zulema, wherein historical
production plus reserves total about 500 million tonnes grading
0.95 per cent copper and 0.22 g/t gold. The geological and
geophysical setting of Zulema indicate a target of comparable
potential size and our joint venture partner intends to aggressively
continue with further geophysical surveying and drilling.
The Company will retain a 30 per cent interest in the property.
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