Posted in | News | Copper | Discoveries

International PBX Ventures Discovers New Copper Zone

By Joel ScanlonSep 15 2010

International PBX Ventures Ltd. has announced the discovery of a new copper porphyry mineralized zone called Copper South. The zone is located about 2.5 km west of the Sulfato South and Cerro Moly Zones in Chile.

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 Copaquire project owned by International PBX Ventures is located in this copper porphyry mineralized belt. This arc parallel belt contains about 30 porphyry Cu-Mo deposits and prospects with the biggest copper concentration in the world coming up to around 220 million tonnes of copper.

The President and CEO of the company, George Sookochoff said that the new discovery was exciting as it confirmed the belief of the company that Copaquire is realizing its potential of becoming a major copper project in Chile and the world.

The Copaquire contains 2 large mineralized porphyry systems called Copaquire and Marta . Other mines in the region include the Quebrada Blanca and Collahuasi mines which are located about 15 km away from the Copaquire property.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). International PBX Ventures Discovers New Copper Zone. AZoMining. Retrieved on November 22, 2024 from https://www.azomining.com/News.aspx?newsID=333.
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Scanlon, Joel. "International PBX Ventures Discovers New Copper Zone". AZoMining. 22 November 2024. <https://www.azomining.com/News.aspx?newsID=333>.
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Scanlon, Joel. 2019. International PBX Ventures Discovers New Copper Zone. AZoMining, viewed 22 November 2024, https://www.azomining.com/News.aspx?newsID=333.