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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