International PBX Ventures Ltd.: Copaquire Drill Program Update
VANCOUVER, BRITISH COLUMBIA–(Feb. 25, 2010) – International PBX Ventures Ltd. (TSX VENTURE: PBX) is pleased to provide an update on its preparations for the upcoming drill program on the Copaquire copper molybdenum project in northern Chile.
Camp facilities have been delivered and assembled on site to accommodate drillers, geologists and support staff. A D8 Cat is preparing drill sites for the proposed 5,000 meter drill program. Even though this is considered to be a “dry year” for northern Chile plenty of water is available on site from the Quebrada Guatacondo (Guatacondo Creek). Photos of the creek, camp and site preparations can be viewed on the company’s website www.internationalpbx.com. Drilling at the Sulfato South copper zone is estimated to commence in the first week of March.
“We are very excited about getting a drill program started again on our Copaquire copper molybdenum property,” said George Sookochoff, President of International PBX. “Our final hole in our previous drill program (2008) intercepted grades of over 1.0% copper in the Sulfato South copper zone and we are anxious to continue drilling and develop this high grade copper area.”
International PBX is a junior exploration company with several Copper, Molybdenum and Gold projects in Chile. The company has recently completed a positive preliminary assessment by AMEC Mining and Metals S.A. on its flagship 100% owned Copaquire Copper Molybdenum project located in Chile’s prolific copper porphyry belt. This copper rich belt hosts some of the largest copper mines and contains the highest concentration of copper in the world.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.
George Sookochoff, President & CEO
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.