Condor Resources Inc. · TSXV:CN
Condor Resources — Investor Presentation (March 2012)
24 slides from Condor Resources's investor presentation, March 2012
Slide 1: Precious and Base Metals in South America
Generate Explore Discover PRECIOUS AND BASE METALS IN SOUTH AMERICA Sm March 2012 = aah. : TSXV: CN i i | WWW.CONDORRESOURCES.COM PRECIOUS AND BASE METALS IN SOUTH AMERICA
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: Project Locations and Portfolio
CONDOR RESOURCES INC Condor de Or Chavii La Libertad Quriurqu Ocros Pucamayo Pacific Ocean Caracas @ VENEZUELA. @ Bogota COLUMBIA BOLIVIA @ La Paz ARGENTINA GUYANA ¢ jet jown >a SURNAME © FRENCH GUIANA grec PROJECT LOCATIONS PARAGUAY Asuncion e BRAZIL @ Brasila PROJECT PORTFOLIO Peru Properties % Ku
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 Lyle Davis, Director in the discovery of Escondida. Paul Larkin, Director Francisco de Undurraga F, Director Ever Marquez Amado, VP
Slide 5: Company Highlights
Company Highlights • Condor is a project generator focused exclusively on precious and base metals exploration in South America, particularly Peru and Chile. • Condor’s long term objective is the discovery of a major new precious and/or base metals deposit. • Excellent portfolio of discovery stage p
Slide 6: San Martin
San Martin • A new discovery of a potential high grade bulk tonnage Au-Ag mineralized system within the Orcopampa-Caylloma precious metals belt in southern Peru. No previous sampling or drilling. • A sediment-hosted pervasive silicified hydrothermal breccia in Cretaceous quartzites with silica-barit
Slide 7: San Martin Geochemistry Rock AG (PPB)
San Martin Geochemistry Rock AG (PPB) 7
Slide 8: San Martin Geochemistry Rock AU (PPB)
San Martin Geochemistry Rock AU (PPB) 8
Slide 9: Drill setup on the San Martin hydrothermal breccia target
Drill setup on the San Martin hydrothermal breccia target Silicified and brecciated quartzite with disseminated pyrite and greyish sulfides and barite veins. Assayed 2,73 g/t Au & 824 g/t Ag 9
Slide 10: Hydrothermal breccia with silicified clasts and FeOx-barite
Hydrothermal breccia with silicifed clasts and an FeOx – barite Hydrothermal quartzite breccia with silica-barite, FeOx and matrix along with disseminated grey sulfides. drusy quartz. Assayed 2,67 g/t Au & 311 g/t Ag Assayed 1,97 g/t Au & 3240 g/t Ag over 4 metres 10
Slide 11: Cordillera del Condor Belt - Condor de Oro
Cordillera del Condor Belt Condor de Oro Current Activities: • Two large surface rock geochemical anomalies identified to date. • A multi-year community agreement has been signed. • Drilling planned for 2012 • Potential for the discovery of a large bulk tonnage precious and base metals deposit. 11
Slide 12: 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 geologica
Slide 13: Pucayacu (Gold – Silver – Copper Mineralized Target)
Pucayacu (Gold – Silver – Copper Mineralized Target) Panoramic view, base camp with helipad located in center of the Au-Ag-Cu mineralized system. 13
Slide 14: Soledad
Soledad • 100% owned, 7.13 sq km property, located in the central Peruvian Andes about 34 km south of Barrick’s Pierina mine. • Previous work dates back to the 1960's. A 1996 drill program tested one of several breccia pipes on the property. • The best three holes from 1996 reported a 61.5m interval
Slide 15: Soledad Project Geochemistry Au Map
CONDOR RESOURCES INC 21200 me § g z 0921200 mi 12970000 mn 1704000 ae i= 18920000 m= CONDOR RESOURCES Inc. SOLEDAD PROJECT GEOCHEMISTRY AU (PPB) MAP rey i 217200 me 217600 me 214000 mi 210400 mi 21800 me 20200 we 15 TSXV: PRE US AND BASE METALS IN SOUTH AMERICA
Slide 16: The B5 breccia pipe showing strong FeOx
The B5 breccia pipe showing strong FeOx. 16
Slide 17: Corona
Corona • Large epithermal lithocap surrounded by remobilized secondary copper oxides, suggesting an intrusive porphyry copper Historic small mining activity system at depth. • Anomalous geochemistry supports this hypothesis. • IP and Resistivity geophysics also suggest a possible porphyry copper sys
Slide 18: Corona Project Geophysics Chargeability
Corona Project Geophysics Chargeability 18
Slide 19: Chavin
Chavin • 100% owned property covers an area of 8 sq km located 45km NW of the Pierina gold-silver mine operated by Barrick Gold Corporation and 10km SW of the Pashpap Cu-Mo porphyry project. • Drill permit and community agreement in place. • Drill-ready target with $500,000 worth of work done in the
Slide 20: Chavin main vein sulphides assays
Main vein, 1.5m wide, 120/50SW with massive sulphides comprising sphalerite-galena-chalcopyrite-pyrite-pyrrhotite with banded quartz-carbonate halos. Assayed up to 13.9 g/t Au, 1645 g/t Ag, 25.7% Pb and 10.8% Zn. 20
Slide 21: Share Structure
Share Structure January 31, 2012 Shares Outstanding: 62,913,241 Fully Diluted: 70,308,241 Working Capital (January 31, 2012): $2,625,000 Options (Weighted average $0.44): 5,895,000 Warrants ($0.40): 1,500,000 21
Slide 22: 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 23: Moving Forward
Moving Forward San Martin: • 2500m drill program commenced November 2011; 907m completed in holes one through five. • Second (larger) drill rig mobilized to San Martin in late February. Soledad: • An IP survey is planned, followed by a drill program. Condor de Oro: • 2500m drill program planned to t
Slide 24: Contact Information
Contact Information Head Office Condor Resources Inc. Suite 120, 601 West Cordova Street Vancouver, BC Canada, V6B 1G1 Phone: 604-642-5707 Fax: 604-647-0107 Toll Free: 1 866-642-5707 info@condorresources.com www.condorresources.com Investor Relations/Corporate Communications Timea Carlsen Manager, C
Condor Resources — Investor Presentation (March 2012) on 6ix