Corriente Resources V.CTQ Junior Exploration Co. Message Board

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Gold/Mining/Energy : Corriente Resources V.CTQ Junior Exploration Co.

CTQ 25.45

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Sep 6 5:00 PM EST

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To: Vincent Ryan who started this subject	7/6/2000 1:52:51 PM
From: Stephen Krupa	Read Replies (1) of 1416

Corriente Resources Inc.: Significant New Copper-Gold Discovery In Corriente Copper Belt VANCOUVER, BRITISH COLUMBIA--Results have been received from the first drill holes of the Mirador copper-gold project, which is one of the targets in the Corriente Copper Belt in southeast Ecuador. The drill holes are roughly aligned north-south and form a 600 metre fence across the Mirador system (for more details see map at Website). Results from these initial holes have identified Mirador as a major porphyry system with strong primary copper grades and a significant gold credit. It is important to note that the deposit is open to depth as most drill holes stopped in mineralization. Results received to date are as follows; HOLE FROM(m) TO(m) WIDTH(m) CU(%) Au(ppb) ---------------------------------------------------------- 20 * 19 56 37 .35 409 56 89 33 .54 400 89 101 12 .19 170 101 212 111 .75 198 212 245 33 .19 45 ---------------------------------------------------------- 19 18 35 17 .80 251 35 106 71 .57 112 ---------------------------------------------------------- 18 15 56 41 .86 386 56 86 30 .68 447 ---------------------------------------------------------- 17 38 47 9 .92 316 47 116 69 .49 194 116 131 15 .70 225 ---------------------------------------------------------- 16 62 119 57 .72 274 119 155 36 .52 179 155 214 59 .86 359 ---------------------------------------------------------- 15 43 62 19 .70 349 62 74 12 .39 435 74 176 102 .73 304 ---------------------------------------------------------- 14 29 58 29 .46 162 58 127 69 .84 160 127 151 24 .42 194 ---------------------------------------------------------- 13 34 45 11 1.00 183 45 73 28 .59 197 73 115 42 .32 123 115 153 38 .62 238 ---------------------------------------------------------- 12 38 55 17 .99 223 55 64 9 .39 180 64 115 51 .66 192 115 130 15 .08 38 130 211 81 .76 276 ---------------------------------------------------------- 10 10 112 102 .66 278 112 124 12 .45 169 124 142 18 .61 275 142 164 22 .11 33 ---------------------------------------------------------- 9 52 60 8 .78 165 60 99 39 .20 112 99 108 9 .56 160 108 123 15 .39 107 123 138 15 .61 130 138 150 12 .70 69 * The upper portions of all drill holes are leached capping and have low copper values. It appears that the best potential at Mirador lies in the high-grade primary mineralization rather than a supergene blanket. The grades from the first few holes compare favourably to other large copper-gold deposits such as Bingham Canyon in the U.S. (1999 reserves quoted in the Rio Tinto annual report of 837 Million tonnes of 0.57% Copper and 350 ppb gold). According to J. David Lowell who is managing this exploration program, "Mirador results to date indicate a large tonnage of relatively high-grade primary copper mineralization which contains a good gold credit. The higher grades generally coincide with intrusive breccia bodies whose geometry is such that they can probably be mined selectively in an open pit operation. The average hole depth is in the order of 100-200 metres but experience in other porphyry copper occurrences suggests that the good primary mineralization will extend to much greater depths". The goal of the exploration program currently underway at the Corriente Copper Belt is to identify sources of high-grade ((greater than) 1% Cu) secondary mineralization (such as that at Warintza, see press release May 2/00) and to identify large tonnages of primary copper resources. It is felt that any company planning future copper mining operations within Ecuador would need both components. Mirador is viewed as a prime candidate to help provide a critical portion of the large tonnage target. Drilling is continuing on Mirador and over the next period it is planned to complete an east-west section of drilling across the deposit. Kenneth R. Shannon, President FOR FURTHER INFORMATION PLEASE CONTACT: Corriente Resources Inc. Mr. Dan Carriere Manager, Corporate Development (604) 687-0449 (604) 687-0827 (FAX) E-mail: invest@corriente.com Website: www.corriente.com The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

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