International Phoenix Energy Corp said it launched a gold recovery venture with &lt;Phoenix Exploration and Recovery Inc> and Mexicos Sistemas Tecnicos De Recuperaciones Sociedad Anonima de Capital Variable. The company said the joint venture will explore and recover gold precious metals and artefacts from treasure ships worth 10 billion dlrs reported to have sunk in the harbor area of Vera Cruz Mexico. The company said it expects work to begin in 30 days.
INT'L PHOENIX ENERGY <IPYV> JOINS GOLD VENTURE