Copaquire Molybdenum-Copper Property

Tabaco [detail], Vallenar, Chile-(Cu, Au, Ag)

Tierra de Oro [detail], Copiapo Chile-
(Au, Ag, Co, Cu)
Consisting of 15 Exploitation Concession (3,456 ha) this property had work done by us in 1996-98 with very good gold assay results. It could produce significant areas hosting gold mineralization in the 1.5 to 2 gpt Au in near surface oxidized zones at depths of less than 50 meters, making it favorable for an open pit heap leach operation. The property is 100% owned by the PBX. More surface sampling is required and this property may be the target of our next drill program.

Las Lomitas, Copiapo, Chile-(Cu, Au, Ag)
This property contains 5 exploitation concessions (2.500 ha) situated on the east side of the above Tierra de Oro concessions. It has been optioned to a third party.

Sierra Pintada [detail], Vallenar, Chile-(Cu, Au, Ag, Co)
There are 14 Exploration Concessions (3300 ha) in this wholly owned group. Material previously mined typically graded 3-5% Cu and 1-5gpt Au, from one zone, and 1-5% Cu and 10-50gpt Au from a second zone. This property was staked by PBX in April 2002 and is 100% owned by us. The zones are 12 km long and 100 m wide.

San Pedro [detail], Vallenar, Chile-(Ti, Au, Cu)

Wholly owned, 600 ha grass roots exploration property in the Cerro Blanco Titanium District.

Property covers several large alteration systems, Rosario and San Pedro, historically mined for copper, gold and rutile (titanium dioxide).

Old mine workings in the Rosario copper-gold alteration zone, which primarily exploited high grade quartz-sulphide "ore" typically grading 2%-5% Cu and 10-50g/t Au.

Assays for systematic outcrop sampling by IPBX personnel of the San Pedro titanium zone range from 0.4%-2.4% TiO2 and averaged 1.4% TiO2.

Exploration Target; Disseminated Rutile (TiO2) and Copper-gold deposits

Hornitos, Copiapo, Chile- (I0CG type Cu-Au deposit)
Consisting of 11 exploration concessions totaling approximately 3200 ha, is located 35 kilometers south of Copiapo. The property is a grass roots exploration play acquired by staking in February 2003, because of its similar geological setting to PBX’s adjacent Zulema option and is believed to have similar potential for the occurrence of Candelaria (I0CG) type Cu-Au deposits.

Fuego (Cu, Au, Co)
This 900 ha property is a wholly owned grass roots exploration play acquired by staking.

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TDO satellite picture

Yellow area represents gold zone of Tierra de Oro,
and red outline represents strong induced polarization anomaly


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Copaquiri Plan

Induced polarization plan survey, historical drill holes and surface sampling



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Minera IPBX Chile

Limitada

Copaquiri Mo-Cu Project

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Copaquir Project

Property and Drill Location

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