International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

January 06, 2011 14:34 ET

PBX Completes Airborne ZTEM Survey Over its Copaquire & Huatacondo Properties in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - International PBX Ventures Ltd. ("PBX" or the "Company") (TSX VENTURE:PBX) is pleased to announce that Geotech Ltd. has completed its helicopter-borne ZTEM and magnetic surveys on the Company's Copaquire and Huatacondo copper-molybdenum projects, located in northern Chile.

The airborne geophysical data will be analyzed to aid in the selection of drill targets for the Company's previously announced drill program, which will commence in February, 2011 as well as for the selection of further exploration targets on unexplored areas of the property.

The airborne survey was conducted over known areas of copper and molybdenum mineralization (Sulfato and Cerro Moly) and the particular signature of these mineralized zones will be useful in identifying similar signatures in other areas in the Copaquire and Huatacondo properties.

The survey was also flown over the recently completed Titan deep penetration IP survey area, which will be the initial focus of the upcoming drill program. Comparative studies between the two geophysical surveys and subsequent drill results will be conducted in order to prioritize generated airborne survey targets over the entire property.

George Sookochoff, President & CEO of PBX, said, "We believe that this comprehensive and systematic airborne survey is an excellent tool not only to qualify new drill targets but also to get an overlook of the entire property. The Company expects to receive the results from Geotech Ltd. by the end of the month."

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.

About International PBX Ventures Ltd.

International PBX is a junior exploration company with a strong portfolio of copper, molybdenum and gold projects in Chile. The 100% owned Copaquire copper molybdenum property is the Company's flagship project and is located in Chile's prolific copper porphyry belt. This arc-parallel belt includes 30 porphyry Cu-Mo deposits and prospects with the largest amount of copper concentration in the world, totalling about 220 million tonnes of copper. The Quebrada Blanca and Collahuasi (the third largest copper mine in the world) producers are within 15 kilometres of the property.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.
"George Sookochoff"
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)