608
- 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
February 16, 2004
TIERRA de ORO PROPERTY, CHILE
- ESCONDIDA ZONE GOLD ASSAYS
International PBX Ventures Ltd. is pleased to report additional
assays from detailed surface mapping and sampling programs
on its wholly owned, 4056 hectare Tierra de Oro property which
covers the Sierra Chanchero gold camp containing over 35 linear
km of gold bearing structural zones ranging from 50 to 300
metres in width.
Escondida is a 100 to 150 metre wide zone of numerous, multi-directional,
gold-quartz-iron oxide bearing structure ‘veins’.
The central 15-20 metre wide core of which contains five persistent
1-3 metre wide ‘main veins’ along which are numerous
old near surface workings. Nine hundred metres of this system
was sampled in detail in 1998 and yielded gold assays ranging
from 0.88 to 42.1 g/t.
The new results are “vein” and wall rock chip
sample assays from a further 200m length of the structure
adjoining and north of the 1998 results. The ‘vein’
assays range in value from 0.63 g/t to 7.93 g/t gold and in
widths from 1.0 to 2.1 metres. The weighted average grade
of the twelve ‘vein’ assays received so far from
this extension is 4.25 g/t over 1.4 metres. The weighted average
grade of all forty six of the ‘vein’ assays from
the 1100 metres of the Escondida zone sampled to date is 7.09
g/t over 1.45 metres. Higher assay values include;
Sample
# |
Gold
(g/t) |
Width
(m) |
Sample
# |
Gold
(g/t) |
Width
(m) |
| 70992 |
5.40 |
1.3 |
219247 |
3.38 |
1.2 |
| 70995 |
4.01 |
1.0 |
235941 |
9.00 |
1.3 |
| 70996 |
4.70 |
1.0 |
235944 |
7.80 |
1.4 |
| 70999 |
5.02 |
1.3 |
235948 |
3.61 |
1.5 |
| 71000 |
42.10 |
1.3 |
235949 |
3.34 |
1.3 |
| 71001 |
4.03 |
1.5 |
235950 |
3.20 |
1.4 |
| 71002 |
18.80 |
1.3 |
235958 |
9.30 |
2.1 |
| 71003 |
4.63 |
1.5 |
235959 |
27.00 |
1.7 |
| 71005 |
4.82 |
1.4 |
10497 |
4.02 |
1.3 |
| 71006 |
5.35 |
1.4 |
10498 |
6.02 |
1.3 |
| 71007 |
4.01 |
1.5 |
10505 |
4.02 |
1.7 |
| 219244 |
6.14 |
1.9 |
10642 |
7.93 |
1.4 |
| 219245 |
3.81 |
1.6 |
10644 |
4.12 |
1.4 |
Chip sample assays from the intervening wall
rocks (i.e. areas between high-grade veins) range from 0.2
to 0.8 g/t gold and average about 0.4 g/t gold.
All samples were collected by experienced samplers and geologists
under the supervision of T. Walker M. Sc. P. Geo., the designated
qualified person as defined by National Policy Instrument
NI43_101. All samples were analysed in Chile at either Acme
Analytical Laboratories, Santiago (1998) or ALS Chemex Laboratory,
Coquimbo.
The sampling programs continue with more
results expected soon from this very large gold camp with
both underground and open pit potential.
BY ORDER OF THE BOARD
Terrance Walker
President, Director
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
protection
Contact Robert A.Young and Associates: 1 877 626 2121
IPBX Vancouver office 604 681 7748
|