PBX Starts Drilling on the Copaquire Copper-Moly Porphyry Project

International PBX Ventures Ltd. (TSXV:PBX) reports the commencement of 2011 drill program at its Copaquire copper-molybdenum porphyry project in northern Chile.

The press release is quoted as saying:

The objectives of the drill program are to delineate copper resources in the South and North Sulfato Copper zones. The South Sulfato zone is adjacent to the Cerro Moly zone where the company announced in Dec. 2009 a 43-101 resource of 229 MT Indicated @ 0.07% MoEq (197 million pounds molybdenum & 560 million pounds copper) and 194MT Inferred @ 0.07% Moly Eq (111 million pounds molybdenum & 623 million pounds copper).

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