July 2012

Chile Iron Oxide - Copper - Gold Belt

Chilean Metals (CMX) is a 100% owned subsidiary of International PBX Ventures. 100% owned large land holdings in the IOCG Belt of Chile prolific Iron Oxide - Copper - Gold (IOCG) Belt of Chile IOCG belt hosts numerous copper-gold deposits including Mantos Blancos, Manto Verde and Candelaria. The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines. CMX projects host drill ready large coppergold porphyries CMX plans to drill a large IOCG Porphyry target on Tierra de Oro in the 2012 season

w w w . c hi l e a n me t a l s . c o m

Tierra de Oro Project

Huasoco Port

w w w . c hi l e a n me t a l s . c o m

Chanchero Target
Geophysics: Airborne Magnetics
Chanchero Target: Airborne Magnetics
Magnetite content (Iron) of IOCG systems generate a strong magnetic response. Airborne magnetics shows a strong magnetic response (IOCG) adjacent to the previously define porphyry system. IOCGs are clearly distinct in character and origin from magmatic hydrothermal systems (e.g., porphyries). Plan Map
Porphyry Cu System

Strong Multi-coincident Anomalies Porphyry Cu System

w w w . c hi l e a n me t a l s . c o m

12

IOCGs & Porphyries An Important Pair

IOCG & Porphyry Conceptual model (Barton and Johnson, 2000) that contrasts igneous-related mineral deposits dominated by: (1) magmatic hydrothermal fluids (on right, = porphyry type) with (2) those dominated by non-magmatic (external) brines (on left, = IOCG type). In many IOCG systems the predominant fluid source is a non-magmatic brine with Fe & base metals removed. Cu(-Au)-rich IOCG deposits will principally be a function of the availability of sulfur from an additional external source ie. nearby porphyry system.

IOCG Model

Porphyry System

Plan Map
Porphyry Cu System

TDO Chanchero IOCG-Porphyry Geophysics

w w w . c hi l e a n me t a l s . c o m

14

TDO IOCGs & Porphyries

Plan Map The Chanchero porphyry target is shown to be a strong multi coincident alteration, geochem & geophysical target. The Chanchero target area appears to contain both a sulphide rich porphyry (IP) with an adjacent large IOCG type intrusive body.
Porphyry Cu System

Chanchero porphyry 1. Alteration 2. Cu, Mo, Au geochem anomalies 3. Magnetic low 4. Resistivity low 5. Chargeability high
B A

6. Em Anomaly 7. Adjacent IOCG system (Mag High) IOCG 1. Deep magnetic intrusive body 2. Iron Skarn zone at surface 3. Adjacent copper porphyry system may provide the sulfur necessary for copper sulfide mineralization.

A drill program is planned for the 2012 season w w w . c hi l e a n me t a l s . c o m

16

Sierra Pintada Project

Huasoco Port

w w w . c hi l e a n me t a l s . c o m

Sierra Pintada Project

The Sierra Pintada property covers a 15 kilometer strike length of the north-southtrending Atacama Fault System that is known to host many of the major deposits in the Candelaria IOCG belt.

The property is readily accessible from the town of Vallenar 30 km to the east and is nearby to rail, roads, power, water and shipping port.

w w w . c hi l e a n me t a l s . c o m

Sierra Pintada ZTEM Survey

Artisianal Workings

ZTEM Airborne deep penetration survey identifies Atacama fault system on Sierra Pintada. Two primary copper and gold-bearing mineralised structures,Via and Gloria, each at least 15 kilometres in length and 50 to 200 metres in width. Wherever these structures emerge from beneath overburden they are the centers of numerous prospect pits, adits and shafts to depth of 50 metres on high grade Cu-Au (Ag,+/-Co) and Au-Cu (Ag) fissure veins from 1-5 metres in width.

w w w . c hi l e a n me t a l s . c o m

10

Palo Negro & Hornitos Projects

Huasoco Port

w w w . c hi l e a n me t a l s . c o m

Palo Negro & Hornitos Projects

Geophysical surveys are the most successful survey methods for identifying large copper gold porphyry targets in the vast barren expanses of northern Chile

Palo Negro

Hornitos

Tierra de Oro

Tabaco

w w w . c hi l e a n me t a l s . c o m

12

Palo Negro & Hornitos Projects

Chilean Metals Zulema Property

Atacama Fault Splays

25km 16miles Candelaria Mine

Hornitos Palo Negro

Freeport-McMorans Candelaria IOCG deposit (470 Mt at 0.95 % Cu, 0.22 g/t Au)

w w w . c hi l e a n me t a l s . c o m

13

Palo Negro & Hornitos Projects

Geophysics: ZTEM Airborne Survey
Potential to host IOCG and Cu-Au porphyries as well as bulk tonnage and high grade Au systems Covers a 14 km strike-length of the major Atacama Structural Zone Similar geology and IOCG alteration to Candelaria IOCG deposit IOCG deposits respond to magnetic and IP Surveys The 2011 survey delineated several large magnetic anomalies (IOCG targets) coincident with structures of the Atacama fault systems

Avispada Anomaly Primary Target

Magnetic Anomaly & Porphyry Target

10 kms

w w w . c hi l e a n me t a l s . c o m

14

Palo Negro & Hornitos Projects

Avispada Workings

Prime IOCG Signatures Workings in the Avispada mine area with magnetite+k-feldspar+Cuoxides in metasediments typical of IOCG alteration and mineralization.

IOCG magnetite+k-feldspar alteration in metasediments in the Avispada mine area. Also see Cu-oxide staining along edges of massive magnetite veins.

w w w . c hi l e a n me t a l s . c o m

15

Directors & Management

Chilean Metals Exploration Ltd. is a 100% owned subsidiary of International PBX Ventures. International PBX Ventures Ltd. Directors & Management
Ian Pirie, MSc, P.Geo. Chairman, Director: Up until his recent retirement, Ian worked for Inmet Mining Corporation and its predecessor companies for over 31 years. During his tenure with Inmet, he held various positions including General Manager, Latin America (based in Chile), where he was responsible for the acquisition and development of the Antamina project up to the beginning of the construction phase. Most recently he was Vice President, Projects during which time he was responsible for the development of Cobre Las Cruces in Spain and the Cobre Panama project in Panama. Mr. Pirie is a Professional Geoscientist registered in Ontario and British Columbia. George Sookochoff, B.Comm. CEO, Director: Mr. Sookochoff graduated in 1975 with a Business degree from the University of British Columbia. He has over 29 years of experience in mineral exploration working on exploration projects around the world. Mr. Sookochoff has specialized in advanced methods of exploration data processing and management and has consulted to junior exploration companies for over 29 years. He has been a director of PBX since August 2006 and President & CEO since July 2008. He is also a Director of Hard Creek Nickel Corp. Terry Lynch, President & Director: Mr. Lynch graduated in 1981 from St. Francis Xavier University with a joint honours degree in Economics and BBA. He is currently CEO of Relief Gold, a privately held mining company with property interests in Nevada. In addition Mr. Lynch is Chairman of the social media start up Punchcast Inc. From October 2005 to August 2008 Mr. Lynch was a partner with Kingsmill Capital Partners, a financial advisory firm specializing in advising public and private early stage growth companies. Prior to joining Kingsmill Capital he spent 15 years operating startup companies in industrial products, oil and gas and media. Mr. Jeremy Caddy, BSc(Eng) in Mining, C.Eng., FIMMM. - Director Mr. Caddy is a mining engineer with over three decades of experience in the industry, including four years in Broken Hill, Australia with Consolidated Zinc Corporation (now Rio Tinto), followed by five years with consultants Kenneth McMahon & Partners of Sydney, Australia and three years in Malaysia serving as the CEO of a mining investment firm. Jeremy was president of Vancouver listed mining company Richlode Investments Ltd. He restructured Richlode in 1998 as Thundelarra Exploration Ltd. and became President and CEO. Thundelarra delisted in 2003 and continued on the ASX in Australia. In 1998 he became President of Vancouver listed mining company Quattro Resources Ltd. Caddy restructured Quattro in 2001 as Aldershot Resources Ltd and became President and CEO. Verna Wilson Director: Ms. Wilson is an independent Director of PBX. Ms. Wilson is the company Administrator and the original founder of PBX with 40 years experience in management of junior public companies. Peter Kohl CFO, Corporate Secretary & Director: Mr. Kohl has more than 20 years of accounting experience. He graduated in 1992 from the University of Applied Science in Cologne Germany and holds a Master of Business and Administration Degree. He was appointed CFO of PBX in 2006. Mr. Kohl is also a Director of Mount Dakota Energy Corp., a listed Oil & Gas junior with producing wells operating in Alberta, Canada.

w w w . c hi l e a n me t a l s . c o m

15

July 2012