PBX Announces Discovery of New Copper Porphyry Mineralization at Copaquire, Chile-Shanghai Metals Market

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PBX Announces Discovery of New Copper Porphyry Mineralization at Copaquire, Chile

Industry News 10:10:04AM Sep 15, 2010 Source:SMM

VANCOUVER, BRITISH COLUMBIA, Sep 14 (MARKET WIRE) –

International PBX Ventures Ltd. (the "Company") (TSX VENTURE: PBX) is
pleased to announce the discovery of a new copper porphyry mineralized
zone named "Copper South" located approximately 2.5 kms west of the
Sulfato South and Cerro Moly Zones.

The discovery was made from a geological prospecting and sampling program
south of the Guatacondo Creek. It consists of a strongly leached
clay-sericite altered zone, mixed with intermittent copper oxides (copper
wad, chalcantite and atacamite) along a north-south trending creek,
approximately 300 meters long by approximately 150 meters wide. The
Copper South porphyry is characterized at lower elevations by a potassic
altered porphyritic granodiorite with quartz stockwork veinlets, thin
coatings of copper oxides and remnant chalcopyrite along fracture
surfaces. The mineralized system remains open in all directions.

  
 
 

 
 

 

PBX Announces Discovery of New Copper Porphyry Mineralization at Copaquire, Chile

Industry News 10:10:04AM Sep 15, 2010 Source:SMM

VANCOUVER, BRITISH COLUMBIA, Sep 14 (MARKET WIRE) –

International PBX Ventures Ltd. (the "Company") (TSX VENTURE: PBX) is
pleased to announce the discovery of a new copper porphyry mineralized
zone named "Copper South" located approximately 2.5 kms west of the
Sulfato South and Cerro Moly Zones.

The discovery was made from a geological prospecting and sampling program
south of the Guatacondo Creek. It consists of a strongly leached
clay-sericite altered zone, mixed with intermittent copper oxides (copper
wad, chalcantite and atacamite) along a north-south trending creek,
approximately 300 meters long by approximately 150 meters wide. The
Copper South porphyry is characterized at lower elevations by a potassic
altered porphyritic granodiorite with quartz stockwork veinlets, thin
coatings of copper oxides and remnant chalcopyrite along fracture
surfaces. The mineralized system remains open in all directions.