DRILLING TO RESUME ON ZULEMA (IOCG) COPPER
GOLD TARGET, CHILE
The company is pleased to report that our
joint venture partner will commence drilling to follow up
on a 28 metre intersection which averaged 0.24% copper and
0.14 gpt gold within a 1.2 km by 1.0 km induced polarization
anomaly. The result was found at the bottom of a two hundred
metre hole within a strengthening geological and geophysical
environment at depth. The property is within the geological
and structural setting of the BHP/Farwest joint venture in
which a drill hole encountered 60 metres of 2.47% copper and
0.33 gpt gold (news release 28 July, 2003).
The Zulema property is only 30 km west of
the Candelaria Mine with reserves of 500 million tonnes grading
0.95% copper and 0.14 gpt gold and comprises a geophysical
target of similar potential size.
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