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July 23, 2004
To Aug 3/04 three RC holes (total 1,010 m) were drilled to test the anomalous area. The results of analyses of RC samples was no significant Cu-Au or other mineralization encountered during logging, and the rocks at depth do not appear to be more altered than on surface in this or other parts of the Property. Analyses for Cu, Au, Ag, and Zn in holes AL04-1, AL04-2, AL04-3 with maximum values, reported as 600 ppm Cu, 30 ppb Au, 1.4 ppm Ag and 970 ppm Zn. It is considered the holes adequately tested the anomalous area, and that the extent of analyses of the RC chips was also sufficient. The project was unsuccessful in locating significant Cu-Au or other mineralization associated with the principal IP anomaly located.(*)
June 30, 2004
A phase one exploration program has delineated two large IP anomalies that will be drill tested in beginning in July 15/04. The first anomaly to be drilled lies beneath the Cortez showings in the northeast of the concession block and appears to trend eastward. Three holes are to be sunk to a minimum of 300m each to test the two lobes of the anomaly that seem to straddle a north-south trending magnetic high. The third hole is to test the magnetic high.
June 18, 2004
International PBX and Aldershot have agreed to form a 50/50 joint venture to cover a large prospective induced polarization anomaly straddling some claims owned wholly by International PBX Ventures Ltd. and some claims optioned by Aldershot from PBX under the Las Lomitas joint venture in Chile.