International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

December 14, 2010 15:50 ET

International PBX Ventures Ltd.: Airborne ZTEM Survey Over Copaquire & Huatacondo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - International PBX Ventures Ltd. (the "Company") (TSX VENTURE:PBX) is pleased to announce that it has retained the services of Geotech Ltd. Airborne Geophysical Surveys of Aurora Ontario to undertake a Helicopter-borne ZTEM and Magnetic surveys on the Company's Copaquire and Huatacondo copper molybdenum projects, located in northern Chile.

The ZTEM system is one of the leading airborne geophysical systems in use today and is particularly suited to identifying large conductive ore bodies. The ZTEM system is renowned for its deep penetration, high spatial resolution and ability to detect and differentiate weak electro-magnetic anomalies at depths up to 1,500 metres.

PBX President & CEO, George Sookochoff, stated, "We are very excited to be conducting our first exploration program on the entire Huatacondo property located 8km west of our Copaquire property as well as conducting this survey over the remaining unexplored areas of the Copaquire property. The ZTEM survey will continue where the recent Titan Deep Penetration IP Survey left off by delineating ore bodies to depth over the entire Copaquire property."

The Company has the benefit of initially flying the survey over known mineralization at Cerro Moly, enabling it to determine the particular signature of the mineralized zone and extrapolating this response to other areas in the Copaquire and Huatacondo properties.

The airborne survey will also be integral in further defining high priority drill targets in preparation for the upcoming drill program.

The airborne geophysical survey will consist of over 500 line kilometres to be flown at 200-metre line spacing. It is anticipated that the survey will be initiated within the next three weeks and will take four to five days to complete.

About PBX

International PBX is a junior exploration company with a strong portfolio of copper, molybdenum and gold projects in Chile. The company has recently completed a positive preliminary economic 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

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.

Contact Information

  • International PBX Ventures Ltd.
    George Sookochoff
    President & CEO
    (604) 681-7748 or Toll Free: 1-877-681-1154
    (604) 681-0568 (FAX)
    www.internationalpbx.com