Corriente Resources Inc.: More High Grade Copper and Gold Intersected During Feasibility Drilling at Mirador.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--May 5, 2004 Corriente Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CTQ CTQ Centre de Toxicologie du Québec CTQ Critical To Quality CTQ Cysteine Tryptophylquinone CTQ Confined to Quarters ): Drilling has been completed for the planned feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. at the Mirador project. Most of the results are now available and confirm the presence of high grade copper in the northwest For names and places containing the slightly longer word 'northwestern' (or variants), see . Northwest or north west is the ordinal direction halfway between north and west on a compass. It is the opposite of southeast. and southeast Southeast or south east is the ordinal direction halfway between south and east. It the opposite of northwest. Southeast or South East can refer to: The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar our geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. model and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , providing additional definition of high grade zones." Highlights of the feasibility fea·si·ble adj. 1. Capable of being accomplished or brought about; possible: a feasible plan. See Synonyms at possible. 2. drilling carried out this year include the following:
Northwest Zone Hole Depth(m) Width(m) Copper(%) Gold(g/t)
M64 61 214 0.89 0.17
M63 55 345.5 0.79 0.29
M88 73 117 0.84 0.40
M87 27 252 0.76 0.17
Southeast Zone M74 34 241 0.88 0.32
M71 4 177 0.74 0.23
(Note that M-63 and M-64 were disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). in a press release dated Feb 16/04) This drilling is expected to form the basis for a Mineral Resource Estimate to be completed by the Resource, Mining and Metallurgy metallurgy (mĕt`əlûr'jē), science and technology of metals and their alloys. Modern metallurgical research is concerned with the preparation of radioactive metals, with obtaining metals economically from low-grade ores, with Feasibility Study Manager, AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies Americas A·mer·i·cas , the See America. Limited. The Mineral Resource Estimate will allow detailed examination of the high grade northwest zone so that planning for a starter starter Welsh springer spaniel. open pit can be completed. For complete details of the most recent feasibility drilling please refer to the table below.
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Drill Holes in Main Mineralized Zone
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Hole From To Width(m) Au ppb Cu (%) Zone
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M68(i) 0 20 20 211 0.07 leached
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inclined 20 24 4 98 1.29 enriched
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85 @ 090 24 90 66 140 0.66 primary
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90 228 138 169 0.42 primary
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228 315.47 87.47 144 0.68(i) primary
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M69 0 3 3 114 0.05 leached
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inclined 3 29 26 171 0.73 primary
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80 @ 110 29 71 42 156 0.48 primary
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71 236 165 179 0.67 primary
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236 269.75 33.75 121 0.54 primary
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M70 0 7 7 216 0.45 leached
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vertical 7 55 48 130 0.38 primary
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55 93 38 161 0.71 primary
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93 249.94 156.94 77 0.21 primary
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M71 0 4 4 201 0.12 leached
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inclined 4 181 177 234 0.74 primary
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80 @ 110 181 214 33 131 0.14 primary
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214 295 81 262 0.85 primary
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295 300.23 5.23 81 0.56 primary
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M72 0 40 40 174 0.09 leached
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vertical 40 135 95 207 0.52 primary
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135 286.51 151.51 217 0.65 primary
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M73 0 25 25 288 0.13 leached
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vertical 25 91 66 230 0.73 primary
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91 188.98 97.98 65 0.24 post-
mineral
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M74 0 34 34 278 0.20 leached
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inclined 34 56 22 347 1.44 enriched
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85 @ 270 56 275 219 322 0.82 primary
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275 288.04 13.04 184 0.52 primary
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M76 0 29 29 158 0.04 leached
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vertical 29 182 153 237 0.49 primary
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182 212 30 381 0.76 primary
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212 254.51 42.51 191 0.46 primary
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M79 0 59 59 204 0.09 leached
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vertical 59 71 12 346 1.07 enriched
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71 269.75 198.75 259 0.69 primary
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M81(iii) 0 100 100 ns ns late dike
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vertical 100 135 35 110 0.21 primary
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135 156 21 304 0.76 primary
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156 193 37 68 0.14 late dike
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193 256.03 63.03 221 0.68 primary
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M82 0 23 23 201 0.13 leached
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inclined 23 47 24 281 1.30 enriched
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65 @ 090 47 206 159 297 0.49 primary
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206 225.55 19.55 391 1.00 primary
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M84 0 12 12 242 0.08 leached
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vertical 12 18 6 200 1.00 enriched
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18 45 27 221 0.55 primary
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45 81 36 223 0.71 primary
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81 174 93 175 0.52 primary
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174 210 36 214 0.66 primary
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210 249.94 39.94 148 0.53 primary
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M86(iii) 0 5 5 170 0.51 leached
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inclined 5 202.69 197.69 172 0.74 primary
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60 @ 135
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M87(ii) 0 27 27 151 0.05 leached
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inclined 27 81 54 137 1.05 enriched
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70 @ 225 81 138 57 143 0.75 primary
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138 171 33 156 0.55 primary
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171 279 108 206 0.68 primary
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279 300.23 21.23 168 0.54 primary
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M88(i) 0 73 73 246 0.09 leached
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inclined 73 85 12 280 1.04 enriched
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80 @ 315 85 190 105 408 0.82 primary
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190 349.91 159.91 137 0.34 primary
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Drill Holes in Low Grade Core Zone
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Hole From To Width(m) Au ppb Cu (%) Zone
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M75 0 56 56 223 0.11 leached
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inclined 56 94 38 233 0.83 primary
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60 @ 135 94 144 50 3 0.01 post-
mineral
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144 237 93 72 0.33 primary
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237 273 36 236 0.70 primary
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273 300.25 27.25 182 0.48 primary
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M77 0 33 33 259 0.06 leached
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inclined 33 198 165 106 0.42 primary
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60 @ 135 198 231 33 114 0.70 primary
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231 300.25 69.25 69 0.32 primary
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M78 0 13 13 201 0.07 leached
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inclined 13 70 57 210 0.73 primary
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55 @ 090 70 300.25 230.25 131 0.38 primary
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M80 0 55 55 230 0.08 leached
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inclined 55 82 27 193 1.17 enriched
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60 @ 135 82 300.23 218.23 80 0.22 primary
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M85(i) 0 42 42 192 0.06 leached
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inclined 42 59 17 204 1.21 enriched
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60 @ 225 59 182 123 105 0.26 primary
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182 262 80 less less late dike
than 5 than
0.01
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262 284 22 298 0.96 primary
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284 300.23 16.23 160 0.32 primary
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Drill Hole in Low Grade Halo
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Hole From To Width(m) Au ppb Cu (%) Zone
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M83 0 150.88 150.88 25 0.08 primary
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vertical
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Note: (i) waiting for re-run of low Cu-standard interval. (ii) Au
re-assay pending. (iii) waiting for re-run of high
Cu-standard interval. No material changes are expected from
the re-assaying. Holes M85 and M86 have every third metre sent
for metallurgical analysis and results from assays are
pending. The Qualified Person for this disclosure is Ken
Shannon (P.Geo).
Corriente has already completed five exploration drill holes at the recently discovered Mirador North Zone, which is three kilometres to the northwest. Drilling at Mirador North will be focused on delineation of additional copper resources in a system which has similar geological characteristics to Mirador. Drilling is expected to continue at Mirador North for approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. four weeks. Corriente has planned subsequent drilling in the Northern area of the Corriente Copper Belt. This drilling program will test a series of high quality porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. targets in the vicinity of the Panantza and San Carlos San Carlos (săn kär`lōs), residential city (1990 pop. 26,167), San Mateo co., W Calif.; inc. 1925. The chief manufactures are plastic products, hardware, and machine parts. deposits. Drilling is scheduled to continue through 2004. Corriente controls a 100% interest in over 70,000 hectares located within the Corriente Copper Belt. The Belt extends over a 40 x 80 kilometre area in southeast Ecuador Ecuador (ĕk`wədôr) [Span., = equator], officially Republic of Ecuador, republic (2005 est. pop. 13,364,000), 109,483 sq mi (283,561 sq km), W South America. . The Belt currently contains three copper and copper-gold porphyry deposits with inferred resources of 560 Million tonnes of 0.81% copper with separate gold and molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. credits (Mirador, Panantza and San Carlos). Six additional copper and copper-gold exploration targets have been identified in the Corriente Copper Belt to date. Disclosure statements as required by the TSX and National Instrument 43-101 are available at our website www.corriente.com. Kenneth R. Shannon, President To view the attached map of the Corriente Copper Belt - Mirador Project please click on the following link: http://www2.cdn-news.com/database/fax/2000/0504ctq.png The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved of the information contained herein. |
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