Corriente Resources Inc.: Environmental Permit and Water Use Permit Approved for Mirador Project, Ecuador
20 Juillet 2009 - 7:22PM
Marketwired
On March 17, 2009, Corriente Resources Inc. (TSX: CTQ)(NYSE Amex:
ETQ) announced that all suspensions of field operations of the
company were lifted. Continuation of our permitting activities at
Mirador has led to approval by the Ministry of Environment of our
updated Environmental Management Plan and by the Secretary of Water
for our Water Use Permit. Securing these two key permits is an
essential milestone for advanced operations to commence in the
field.
Separately, negotiations are continuing with the selected party
regarding the potential sale of the company, as last reported in
the company's news release dated June 9, 2009. Discussions are
ongoing and management remains satisfied with the progress to date.
Further comments or announcements will be made by the company as
developments warrant. No assurance can be given that the
negotiations will result in an agreement for any sale of the
company.
ABOUT CORRIENTE
Corriente holds a 100% interest in four known copper and
copper-gold porphyry deposits that are being strategically
developed as the Mirador Project (which includes our Mirador Norte
deposit) and the Panantza-San Carlos Project, for which NI 43-101
Technical Reports have been filed on SEDAR (www.sedar.com).
The company also holds 100% of concession interests covering
approximately 430 square kilometres, in which six additional copper
exploration targets have been identified. Taken together, the known
project deposits and exploration targets represent a potential
long-term district development opportunity for large-scale
copper-gold mining in southeast Ecuador.
Kenneth R. Shannon, CEO and President
Certain statements contained in this News Release, which
provides an update on permit approvals for the Mirador Project, as
well as the status of the company's negotiations regarding the
potential sale of the company, constitutes forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Forward-looking statements include among
other things, statements regarding projected production rates and
capital costs, estimates regarding copper prices, mineral resources
and anticipated grades and internal rates of return.
Forward-looking statements are statements that are not historical
facts and that are subject to a variety of risks and uncertainties,
which could cause actual events or results to differ materially
from those reflected in the forward-looking statements, including,
but not limited to, risks related to the exploration stage of the
company's projects; discussions with prospective joint venture
partners and related potential outcomes; market fluctuations in
prices for securities of exploration-stage companies; uncertainties
about the availability of additional financing; uncertainties
related to fluctuations in copper prices; the possibility that
Corriente may change its plans with respect to one or more
properties; and other risks and uncertainties described in the
company's Annual Information Form for the year ended December 31,
2008, and registration statement on Form 40-F filed with Canadian
securities regulators and the U.S. Securities and Exchange
Commission, respectively. Although we believe the expectations
reflected in our forward-looking statements are reasonable, results
may vary, and we cannot guarantee future results, levels of
activity, performance or achievements.
Disclosure statements as required by National Instrument 43-101
are available at our website www.corriente.com.
Contacts: Corriente Resources Inc. Mr. Dan Carriere Senior
Vice-President (604) 687-0449 (604) 687-0827 (FAX)
copper@corriente.com www.corriente.com
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