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 23, 2004
TIERRA de ORO PROPERTY, CHILE
- ATACAMA 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.
Atacama, discovered in 1998, is a 50 to 100 metre wide zone
of numerous, multi-directional, gold-quartz-iron oxide bearing
structure ‘veins’ similar to the Escondida zone.
The Atacama zone lies 500 metres north of the Escondida and
may in fact be an extension of it. Six to eight, 1-2 metre
wide, ‘main veins’ have been worked discontinuously
along the 400m of zone mapped and sampled to date.
Thirty two “vein” and wall rock chip sample assays
have now been received. The ‘vein’ assays range
in value from 0.46 g/t to 16.7 g/t gold and in widths from
0.9 to 2.0 metres. The weighted average grade of the seventeen
‘vein’ assays received so far is 4.17 g/t over
1.36 metres. Some of the higher assay values include;
Sample
# |
Gold
(g/t) |
Width
(m) |
| 115734 |
7.27 |
1.4 |
| 115735 |
7.01 |
1.3 |
| 115756 |
16.70 |
1.3 |
| 116343 |
3.42 |
1.1 |
| 10609 |
5.23 |
1.6 |
| 10612 |
5.27 |
1.5 |
| 10614 |
4.96 |
2.0 |
| 10617 |
3.17 |
1.4 |
Chip sample assays from the intervening wall
rocks (i.e. areas between high-grade veins) range from 0.16
to 0.72 g/t gold and average about 0.4 g/t gold.
An additional sampling crew has been engaged in light of the
excellent results obtained to date to more quickly develop
drill targets over this very large gold camp.
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 Acme Analytical
Laboratories, Santiago (1998) or ALS Chemex Laboratory, Coquimbo.
The sampling programs continue on this and other zones with
more results expected soon from this historic gold camp with
both underground and open pit potential.
BY ORDER OF THE BOARD
Terry Walker
PRESIDENT, DIRECTOR
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
litigation protection
Contact Robert A. Young: 1 877 626
2121
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