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Corriente Resources Inc.

Publication: M2 Presswire
Publication Date: 13-DEC-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-13 December 2006-Early Watch: Corriente Resources Inc.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:13122006

Corriente Resources Inc.(AMEX:ETQ) is moving towards construction of a starter operation at its Mirador copper-gold operation. Mirador is one of the few new, sizeable copper projects available for near-term production. Corriente controls a 100% interest in over 60,000 hectares located within the Corriente Copper Belt, Ecuador. The Belt currently contains four copper and copper-gold porphyry deposits: Mirador, Mirador Norte, Panantza and San Carlos. Additional exploration activities will be ongoing, as six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date.

Shares are up 5% with over 122,000 in volume. This momentum comes as Corriente Resources Inc.announced assay results received from the most recent fourteen holes drilled at Panantza as part of its feasibility drill program. These results follow the results of ten additional holes announced in Corriente's last Panantza feasibility drilling news release on September 7, 2006. Based on the success of drilling at Panantza to date, the Company is in the process of planning more holes to continue expanding the copper deposit to the south and west.

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