International PBX Ventures Ltd. is a resource exploration company. The Company is engaged in exploring for gold, silver, copper and molybdenum on its various properties located in Chile through its wholly owned subsidiaries in Chile, Minera IPBX Limitada, Minera Tierra de Oro Limitada, Minera Palo Negro Limitada and Minera Sierra Pintada Limitada (Chilean Subsidiaries). As of December 31, 2011, through its Chilean Subsidiaries, the Company, held title to 107 mineral claims totaling 24,909 hectares. These claims make up seven properties maintained by the Company, which include the main three projects: Copaquire, Tierra de Oro, and Sierra Pintada. The Company maintains title to four other properties, Tabaco, Zulema (aka Chicharra), Palo Negro, and Hornitos. Copaquire is a 100% owned advance staged exploration project of 1473 hectares covering a copper-molybdenum porphyry system in the Andean Cordiera of Region I, northern Chile.