International PBX Ventures Ltd.: Copaquire Drill Results and Update
June 15th, 2008 by sueleeSource: Market Wire (press release) (Original Article)
International PBX Ventures Ltd.
TSX VENTURE: PBX
Jun 16, 2008 11:31 ET
International PBX Ventures Ltd.: Copaquire Drill Results and Update
VANCOUVER, BRITISH COLUMBIA–(Marketwire - June 16, 2008) - George Sookochoff, CEO of International PBX Ventures Ltd. (TSX VENTURE:PBX) announced today the completion of the Copaquire 2006-08 drill program and receipt of the final drill results CQ70 - CQ99.
The Copaquire copper molybdenum property is a potential bulk tonnage and open pit and quarry deposit. The property is located in the productive West Fissure structure of northern Chile that localizes several of the world’s largest copper mines, including the nearby Quebrada Blanca (Teck Cominco) and Collahuasi (Xstrata) producing mines approximately 15 kms east of the Copaquire property.
PBX has been drilling continuously on the Copaquire property since August 2006. In this program PBX has drilled a total of 86 drill holes for 25,738m (See attached table for final drill results CQ70 - CQ99).
Sulfato Copper Zone:
The drill program began in August 2006 and focused on testing the Sulfato copper zone. From The results of the 2006 Sulfato drilling has shown that a substantial leachable copper resource may be available near the Sulfato mountain top. Additional in-fill drilling as well as drilling to depth should allow a copper resource estimate to be published upon completion of the next drill program.
Cerro Moly Molybdenum Zone:
Drilling continued into 2007 with the focus on developing a molybdenum copper resource at the Cerro Moly molybdenum zone. The company achieved this goal and in October 2007 released an interim 43-101 compliant resource estimate of the Cerro BankWest Credit Cards Moly Deposit:
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