International PBX Ventures Ltd. Announces Favorable Copper Ore Results

Strategic Insights -

International PBX Ventures Ltd. has announced impressive results from its bulk testing of copper oxide-bearing material at the Tabaco site in Chile. The company has extracted copper-rich material from two dumps, with significant grades of 1.42% and 1.6% copper, respectively. These findings are consistent with previous sampling results, which indicated average grades of 1.31% and 1.65% copper in the same dumps. The total amount of broken material grading 1.25% copper is estimated to be at least 5,000 tonnes, ready for processing.

Key Takeaways:

  • International PBX Ventures Ltd. has discovered significant copper ore deposits at the Tabaco site in Chile, with major grade percentages of 1.42% and 1.6% copper in two separate dumps.
  • These results are consistent with previous sampling programs, which indicated average grades of 1.31% and 1.65% copper in the same dumps.
  • The total amount of broken material grading 1.25% copper is estimated to be at least 5,000 tonnes.
  • Sampling was conducted at ALS Patagonia Laboratories in Coquimbo, Chile, with Terri Walker, P.Geo., acting as the qualified person responsible for the content of the news release.
  • The company has a significant amount of copper ore material ready for processing, indicating potential revenue opportunities.

Statistics:

  • 9.8 tonnes of material graded 1.42% copper was extracted from dump 3.
  • 9.9 tonnes of material graded 1.6% copper was extracted from dump 7.
  • Average grades from company sampling covered all 9 dumps, indicating at least 5,000 tonnes of broken material grading on average 1.25% copper.
  • Company sampling previously indicated average grades of 1.31% copper and 1.65% copper in dumps number 3 and 7, respectively.

Sources:

  • CCNMatthews via COMTEX
  • International PBX Ventures Ltd.
  • ALS Patagonia Laboratories, Coquimbo, Chile