February
2, 2004
TSX.V: PBX
TIERRA de ORO PROPERTY, CHILE
- ROSARIO ZONE GOLD ASSAYS
International PBX Ventures Ltd. is pleased
to report additional assays from detailed surface mapping
and sampling programs on it's wholly owned, 4056 hectare Tierra
de Oro property covers the Sierra Chanchero gold camp containing
over 35 linear km of gold bearing structural zones ranging
from 50m to 300m wide.
Surface exploration, including trenching and a few short drill
holes, by IPBX in 1996-98, identified 15 targets with surface
values ranging from 6m grading 6.98 g/t to 150m grading 0.9
g/t gold. Only four of these zones have been explored in any
detail. The Rosario Zone is the first of the other eleven
zones to be detailed.
The current surface exploration program indicates that Rosario
in fact contains two main northerly trending auriferous structure
zones from 50m to 100m wide which to date have been traced
for over 1500 metres in length. Both consist of multiple oxidized
high grade 'veins' from 0.5m to 3.0m wide with intervening
fine veinlets and stringers.
An additional forty five 'vein' assays have now been received
from a 700m length of the eastern structure zone adjoining
and extending south of the assays reported previously (NR12/09/03).
Assays range in value from 0.38 g/t to 9.97 g/t gold and in
widths from 0.9m to 2.5m. The weighted average grade of these
new assays is 4.4 g/t over 1.66 metres. The weighted average
grade of all 'vein' received so far (sixty) from the east
structure zone is 4.97 g/t gold over 1.6 m width and 1000
metres of strike length. Higher values include;
As previously reported this zone is the focus of numerous
shallow pits, trenches and shafts and most of the creeks draining
this area have been worked for placer gold and 6-8 main 'veins'
have been worked discontinuously from a 30m wide corridor
within the zone. Chip sample assays from the intervening wall
rocks (i.e. areas between high-grade veins) range in value
from 0.15 g/t to 0.46 g/t gold and average 0.3 g/t gold.
| Sample
# |
G/t
Gold |
Width(m) |
|
Sample
# |
G/t
Gold |
Width(m) |
| 13436 |
4.49 |
2.5 |
|
10466 |
3.01 |
1.7 |
| 13444 |
3.09 |
1.8 |
|
10474 |
3.85 |
1.5 |
| 10061 |
9.14 |
2.4 |
|
10479 |
5.71 |
1.8 |
| 10064 |
22.60 |
1.4 |
|
10481 |
4.15 |
1.7 |
| 10066 |
3.54 |
1.3 |
|
10483 |
5.24 |
1.5 |
| 10067 |
3.84 |
1.3 |
|
10485 |
5.57 |
1.9 |
| 10068 |
11.90 |
1.4 |
|
10486 |
9.23 |
1.8 |
| 10070 |
5.10 |
1.3 |
|
10489 |
3.31 |
1.3 |
| 10072 |
3.32 |
1.8 |
|
10492 |
8.48 |
1.6 |
| 10076 |
4.62 |
1.5 |
|
10497 |
4.02 |
1.4 |
| 10080 |
10.05 |
1.5 |
|
10498 |
6.02 |
1.8 |
| 10280 |
8.78 |
1.6 |
|
10505 |
4.02 |
1.3 |
| 10281 |
3.65 |
1.3 |
|
10536 |
7.12 |
2.0 |
| 10333 |
3.53 |
1.4 |
|
10539 |
5.26 |
1.3 |
| 10396 |
4.27 |
1.8 |
|
10541 |
5.49 |
1.3 |
| 10416 |
9.76 |
1.5 |
|
10544 |
10.40 |
1.4 |
| 10422 |
5.92 |
1.5 |
|
10595 |
5.06 |
1.7 |
| 10451 |
4.06 |
2.1 |
|
|
|
|
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 at ALS
Chemex at their Coquimbo laboratory in Chile.
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
**********************
INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]
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