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: WillC who wrote (1406)	8/24/2000 8:43:11 AM
From: jerry janko	of 1416

Seems like we've ignored the SI thread on corriente in favour of bullboards: Corriente mobilizes second drill to copper belt Corriente Resources Inc CTQ Shares issued 21,492,832 Aug 18 close $1.22 Mon 21 Aug 2000 News Release Mr. Kenneth Shannon reports A second drill has been contracted to assist with the copper exploration program currently under way in the Corriente copper belt, Ecuador. This new drill will start testing high-grade copper targets at the north end of the belt. The first holes are planned in the area of the Panantza property, with drilling to start in mid-September. Targets near Panantza include secondary copper zones such as the one intersected by two previous holes drilled by Billiton in 1998. Secondary copper (mainly oxide) results for the two holes are as follows: Orientation From To Width Cu (m) (m) (m) % PA03 Vertical 0 27 27 1.3 PA09 Angle -57 degrees to 101 degrees 0 77 77 1.1 These two holes are over 200 metres apart and the mineralization is open for expansion in several directions. Additional targets in the area include numerous untested copper soil anomalies, which are associated with bedrock alteration consistent with the occurrence of porphyry copper mineralization. These targets include identified porphyry systems at Panantza east and Trinidad. Drilling on the Mirador project at the south end of the Corriente copper belt will be completed in early September. A total of 42 holes will have tested the Mirador system. Assay results will be made available following the end of the program. The drill will then be moved a few kilometres south to the Chancho project. The target at Chancho is interpreted as a fault controlled diorite dyke, with approximate dimensions of 1,600 by 60 metres. Numerous rock chip samples suggest the possibility of an average grade in excess of 1 per cent copper. The copper is contained in primary sulphide minerals, which have excellent potential to extend to significant depth. cheers, jerry

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