PBX and Oz Minerals Enter Joint Venture on Copaquire

International PBX Ventures Ltd. (TSXV:PBX) announced a joint venture agreement regarding the Chile-based Copaquire property.

As quoted in the press release:

Under the Agreement, OZ Minerals will pay $USD 200,000 in cash in consideration for PBX granting OZ Minerals the option to conduct two stages of drilling to purchase equity in Copaquire, and make additional cash payments to the Company of $USD 100,000 for its assistance in each of two stages of drilling. OZ Minerals will fund all of the costs associated with the proposed drilling programs.

Click here for the International PBX Ventures Ltd. (TSXV:PBX) press release.