Condor Resources Inc. · TSXV:CN
Condor Resources — Investor Presentation (October 2010)
21 slides from Condor Resources's investor presentation, October 2010
Slide 1: October 2010
Generate Explore Discover GOLD & COPPER IN SOUTH AMERICA ae a “ MBs san __TSXV: CN - WWW.CONDORRESOURCES.COM GOL -
Slide 2: Cautionary Statement on Forward-Looking Information
Condor Resources Inc. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information included in or incorporated by reference in this presentation, including information as to our future financial or operating performance and other statements that express management’s expectation or estimat
Slide 3: Company Highlights
Company Highlights • Condor is a project generator focused exclusively on Gold and Copper exploration in South America, particularly Peru and Chile. • Condor’s long term objective is the discovery of a major new gold and/or base metals deposit. • Excellent portfolio of discovery stage properties • 6
Slide 4: Experienced Management Team
Experienced Management Team Management Directors Patrick Burns, President & CEO, Director Robert Boyd, Director 30 years experience in Latin America. Directly involved in the Lyle Davis, Director discovery of Escondida. Paul Larkin, Director Ever Marquez Amado, VP Exploration Francisco de Undurraga
Slide 5: Share Structure
Share Structure August 31, 2010 Shares Outstanding: 48,167,771 Fully Diluted: 62,443,241 Working Capital: $2.5 million Options: 2,890,000 Warrants: 11,385,470 5
Slide 6: Project Portfolio
GUYANA a Te erat SURINAME Paramaribo © Bogota FRENCH GUIANA ie Cayenne COLUMBIA Atlantic Ocean LEGEND Condor Resources Inc Projects Towns — South America County Limit PROJECT PORTFOLIO Peru Properties % Pucamayo —_| Gold/Silver % Condor de Oro | Gold/Copper/Silver % SoldeOro | Gold/Copper we KuryInt
Slide 7: Pucamayo
Pucamayo • Discovery - high grade ‘bonanza-style’ gold-silver mineralization with channel samples returning values up to 86.6 (g/t) Au over 3 meters (m) and 5.85 g/t Au over 10m in the West Zone and up to 0.95 g/t Au and 343 g/t Ag over 5m in the East Zone. • The size of the targets and the extensiv
Slide 8: Pucamayo East Zone
Pucamayo East Zone Rock Geochemistry — Gold (Au) & Silver (Ag) ALTERATION [] Chalcedonic Silica Cap Granular Silica - FeOx Rock Au Values: GN Wuggy Silica, Massive Silica oO 4.000 to 1.335 g/t [1 Silica - Alunite - Feox @ 0.500 to 0.999 g/t [] Silica - Clay - FeOx - diss Py [7] Qtz - Chi - Ep - diss
Slide 9: Pucamayo West Zone
Pucamayo West Zone a Rock Geochemistry — Gold (Au) & Silver (Ag) 4 €@ re k " y . & " % ff ‘ \B \ asia ‘ i % ® ! ‘6 ’ \ i % ‘ \ H % \ : 3 s 1; 53.3 git Ag & ‘ p= 5.1 g/t Ag ( . / : : I= i ERA = Ch: 2m. 2,02 git Au; 296 g/t Ag @ 1.00 to 86.60 g/t @ 0.500 to 0.999 g/t Rock Ag Values @ 100 to 296 git @
Slide 10: Condor De Oro
Condor De Oro • 102 sq km in the Cordillera del Condor, host to the Kinross' Fruta del Norte gold deposit (inferred reserves of 13.7M oz Au) one of the most significant remaining underexplored precious and base metals belts in the world. • Condor’s property on the Peruvian side shares key geological
Slide 11: Cordillera del Condor Belt
Cordillera del Condor Belt 11
Slide 12: Condor de Oro Rock / Soil Geochemistry
Banded quartz vein structure with base metals mineralization CONDOR DE ORO PROJECT $ ROCK / SOIL Banded quartz vein >10m. wide, with base metals mineralization PERU Qz-Ser-Kspar-Py with intense stockwork Qz-Py-Cv-Sph-Cp-Gn GEOCHEMISTRY 3043 2918 2045 ECUADOR Banded quartz vein >2m. wide, with base m
Slide 13: Condor de Oro Geophysical Magnetic Survey
PERU Yuracyacu BASE METALS MINERALIZATION TARGET ECUADOR Yanayacu ALTERATION ALTERATION ALTERATION ALTERATION Pucayacu PHYLLIC Stockwork GOLD - COPPER ARGILLIC MINERALIZATION TARGET PROPYLITIC INFILL INFILL & & STRUCTURAL STRUCTURAL VEIN FAULT LINEAMENT , CONTACT GEOPHYSICS GEOPHYSICS GEOPHYSICS MAG
Slide 14: Pucayacu Rock / Soil Geochemistry
PUCAYACU ECUADOR PERU ROCK / SOIL PUCAYACU GOLD - COPPER TARGET GEOCHEMISTRY Qz-Ser-Clay-FeOx (Lim) with stockwork Qz-FeOx (Lim) Banded Qz-Py-Cp-Gn-Sph vein, 160º/40ºNE, <1m. wide with Au-Ag-Cu- Qz-Ser-Py-Cp-Cc-Cv-Bn Pb-Zn mineralization diss. with stockwork Qz-Py-Cp-Cc-Cv-Bn veinlets Pucayacu Condo
Slide 15: Pucayacu
ECUADOR PERU Pucayacu GOLD - COPPER MINERALIZATION TARGET ALTERATION ALTERATION INFILL INFILL & & STRUCTURAL STRUCTURAL VEIN PHYLLIC Stockwork FAULT ARGILLIC LINEAMENT , CONTACT PROPYLITIC Condor Resources Inc. CONDOR CONDOR DE DE ORO ORO PROJECT PROJECT PUCAYACU TARGET GEOPHYSICS GEOPHYSICS GEOPHYS
Slide 16: La Libertad
La Libertad • Porphyry Copper-Molybdenum target. • Located 280 km NW of Lima and 80 km SW of the Antamina Deposit. • Abundant surface oxide copper mineralization grading to more than 1% Cu and 0.3% Mo. • Similar geology to the La Granja porphyry copper deposit (reserves of 3.2 billion tonnes grading
Slide 17: La Libertad Copper Geochemistry
Porphyry with Copper - Molibdenum Mineralization Leached cap with strong FeOx and CuOx in fractures Qz-Ser-Bi, diss. Po-Py-Cp; stockwork of Qz-Po-Py-Cp with CuOx and native Cu in fractures. Hydrothermal Breccia with Polymetallic Mineralization Qz-Ser alteration w. Silicification w. Qz-Py diss. Py-Cc
Slide 18: La Libertad Molybdenum Geochemistry
Porphyry with Copper - Molibdenum Mineralization Leached cap with strong FeOx and CuOx in fractures Qz-Ser-Bi, diss. Po-Py-Cp; stockwork of Qz-Po-Py-Cp with CuOx and native Cu in fractures. Hydrothermal Breccia with Polymetallic Mineralization Qz-Ser alteration w. Silicification w. Qz-Py diss. Py-Cc
Slide 19: Community Relations
Community Relations • Condor is committed to working with the local communities to complete its exploration programs and develop sustainable projects for the future. • Discussions and presentations involving the local communities are standard Company policy. Meeting with local authorities Meeting wi
Slide 20: Moving Forward – 2010 Exploration Plans
Moving Forward – 2010 Exploration Plans Pucamayo: Geophysics has been completed and additional prospecting, mapping and sampling are ongoing in preparation for a 3,000m to 5,000m drill program. Condor de Oro: Additional prospecting, sampling and mapping at Pucayacu are ongoing in preparation for a P
Slide 21: Thank you
Thank you Contact Information Head Office Condor Resources Inc. Suite 120, 601 West Cordova St. Vancouver, BC Canada, V6B 1G1 Phone: 604-642-5707 Fax: 604-647-0107 Toll Free: 1 866-642-5707 info@condorresources.com 21
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