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Gold/Mining/Energy : International PBX Ventures - IVU -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (35)	7/21/1998 12:01:00 AM
From: JWII	Read Replies (1) \| Respond to of 40

PBX's Tierra de Oro property is continuing to generate good grades over mineable widths. The Escondida vein system has been mapped for about 1 km in strike and is only one of three parallel vein structures identified in the Central Gold Zone. Noteably, the property lies in the same geologic belt in northern Chile as Meridian's new high-grade discovery at El Penon. Both properties have extensive veins, stockworks and breccias controlled by faults. Meridian has already drilled 1 million ounces gold and received a positive feasibility study with production slated to start in 2 years. PBX is continuing with a sampling program in preparation for a drill program - possibly this Fall. Expect further results from Meridian and PBX in the weeks to come.