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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of August 2006
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Commission File Number 001-32748
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CORRIENTE RESOURCES INC.
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(Translation of registrant's name into English)
520 - 800 West Pender Street, Vancouver, British Columbia, CANADA V6C 2V6
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F Form 40-F X
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):_____
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):_____
Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934._____
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
82-_______________
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DOCUMENTS INCLUDED AS PART OF THIS REPORT
Document
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1. News release, dated August 9, 2006.
DOCUMENT 1
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[GRAPHIC OMITTED] | Disclosure statemetns as required|
| by National Instrument 43-101 are|
| available at our website |
| www.corriente.com |
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"NEWS RELEASE"
For Immediate Release August 9, 2006
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TSX: CTQ, AMEX: ETQ
CORRIENTE TO SPIN-OFF ECUADOR GOLD PROPERTIES TO SHAREHOLDERS
Corriente has completed an initial review of its Ecuador copper-gold concession
package and has identified two concessions totaling 6,600 hectares containing
encouraging gold targets that are not part of the current copper development
program within the Corriente Copper Belt. One of the concessions, the Tundayme
concession, is immediately adjacent to Corriente's Mirador copper deposit land
holdings and is approximately 15 km from Aurelian Resources Inc.'s newly
discovered Fruta del Norte gold zone. The Tundayme concession has approximately
8 km of north-south trending structures that extend along strike to the Mirador
project. This 8 km trend is oriented in the same direction as the Fruta del
Norte mineralized trend and parts have had preliminary prospecting and soil
sampling done by Corriente. Further work is required to follow-up anomalous
gold soil and rock samples from that initial work. The second concession is
approximately 50 km southwest of Mirador and is called the Piedra Liza
concession. Within the Piedra Liza concession, four clusters of anomalous gold
soil samples occur over a six kilometer trend that is on-strike and north of
the Nambija area which has produced over three million ounces of gold by local
estimates. Follow-up ground work has identified altered rock samples with
maximum gold values at 1 - 4 g/t. The Qualified Person for this disclosure is
John Drobe, P.Geo, Chief Geologist.
Corriente is a copper development company and remains focused on moving its
Mirador copper-gold project into production, along with development of the
large Panatza/San Carlos copper complex in the north of the Corriente Copper
Belt. The Tundayme and Piedra Liza gold concessions are not considered core to
Corriente's growth plans and will be transferred to a new corporation that will
be financed separately from Corriente Resources Inc.
Corriente shareholders of record on or about October 31, 2006, will be eligible
to receive shares in the new corporation. This spin-off plan then calls for the
new corporation to eventually become a publicly traded vehicle, for which
financing options are currently being reviewed. Corriente is being advised by
Canaccord Adams on this proposed gold transaction.
ABOUT CORRIENTE
Corriente 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 three copper and copper-gold porphyry deposits: Mirador,
Panantza and San Carlos, as well as the Mirador Norte prospect currently under
development. 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.
"Ken Shannon"
Kenneth R. Shannon
Chief Executive Officer
For further information please contact Mr. Dan Carriere, Senior Vice-President
at (604) 687-0449 or see our web site at www.corriente.com
Certain statements contained in this News Release constitute forward-looking
statements. Such forward-looking statements involve a number of known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the company's plans to materially
differ from any future results, performance or achievements expressed or
implied by such forward-looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date the statements were made, and readers are advised to consider such
forward-looking statements in light of the risks set forth in the company's
continuous disclosure filings as found at www.sedar.com .
520-800 West Ponder Street, Vancouver, B.C. V6C 2V6
T(604) 687-0449 F(604) 687-0827 Email cooper@corriente.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CORRIENTE RESOURCES INC.
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(Registrant)
Date: August 10, 2006 By: /S/ DARRYL F. JONES
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Name: Darryl F. Jones
Title: Chief Financial Officer