Nov 07, 2012 ... International PBX Ventures Ltd. ... is pleased to announce that Oz Minerals has commenced its drilling program on Copaquire.

Terry Lynch, CEO of International PBX Ventures Ltd, stated "OZ has advised PBX that drilling at Copaquire commenced in October on a number of targets. Each of these targets have a dual purpose as they will be tested for both mineral content and water. As part of our option agreement with Oz they will provide PBX a monthly report on progress on the drilling and we in turn will communicate these results to our shareholders on a timely basis. We would expect the first such report to occur early in 2013."

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