condor resources inc
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CONDOR RESOURCES INC. Generate ... Explore ... Discover …. Copper & Gold in Latin America. September 2008. CONDOR RESOURCES INC. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION - PowerPoint PPT PresentationTRANSCRIPT
www.condorresources.com TSXV : CN
CONDOR RESOURCES INC.
Generate ... Explore ... Discover …
September 2008
Copper & Gold in Latin AmericaCopper & Gold in Latin America
www.condorresources.com TSXV : CN
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 estimates of future performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward looking statements. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, and similar expressions identify forward looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the currency markets; fluctuations in commodity prices; risks arising from holding derivative instruments (such as credit risk, market liquidity risk, and mark to market risk); changes in national and local government legislation, taxation, controls, regulations and political or economic developments in the countries we operate or other countries in which we do or may carry on business in the future; business opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions; operating or technical difficulties in connection with mining or development activities; employee relations; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of exploration, development, and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. You are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to Condor’s prospectus on file with the Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.
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CONDOR RESOURCES INC.
The Company
Management
Corporate strategy
Seven 100% owned projects in Chile
Five projects in Peru
Investment opportunity
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The Company
2006 IPO/Project generation– $2M @ .40– five 100% owned properties in Chile
– options on two projects in Argentina
2007 Ongoing project generation:– seven 100% owned properties in Chile
– discovery of large new copper project
– acquisition of new projects in Peru
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2008 Project development & generation:
- acquired 65% interest in Peruvian Gold project
- received drill results from Ocros
- JV with Galileo Minerals on Royal property
- Phase 1 drill program started on Brahma property
- released Argentinean properties
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Management
Over 40 years of experience inLatin America
Direct involvement in several majorcopper and gold deposit discoveries in Latin America (Escondida, Escondida Norte and Zaldivar)
Over 20 years of public company management experience
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Management
Pat Burns, President/CEO/Director– Member of the discovery team and
first project manager at Escondida, Escondida Norte and Zaldivar porphyry copper deposits
– Discovered the San Cristobal gold deposit
– 25 years of experience inLatin America (17 in Chile)
– Extensive South American contact base
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Management
Ever Marquez, VP Exploration– 17 years experience in Chile, Argentina,
Ecuador and the US– Part of the discovery team of the Rio Blanco
Cu-Mo porphyry deposit in Peru–Recipient of the Newmont Mining “Exploration
2006 Discovery Recognition Award” for his discovery of the Breapampa-Andrea high grade gold-silver district in Southern Peru
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Management
Patrick Burns President/CEO
Ever Marquez Amado VP Exploration
Graham H. Scott Corp. Sec./Director
Nial Barrett CFO
Lyle Davis Director
Paul Larkin Director
Technical Advisory Board– John E. Robins, P. Geo; Patrick Gorman;
Brian Fagan; Art Soregaroli, Ph. D
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Corporate Strategy
Generate projects of merit by leveraging contact base, local knowledge and experience
Fund exploration costs through strategic relationships to mitigate risk and reduce capital expenditures
Continue to grow property portfolio to give shareholders access to new and exciting projects
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BECKER
0
0
1000 Miles
1000 Km
ARGENTINA
BRAZIL
BOLIVIA
PERU
COLUMBIA
Ecuador
VENEZUELA
PARAGUAYC
HILE
ROYAL
ESCUDO
CORONA
CRISTAL
SANTIAGO
Chile Project Locations
BRAHMAAUSTRAL
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Brahma Porphyry Copper Project
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270 sq km – 100% ownedLocated on the prolific West Fissure fault system200 kms south of the El Teniente mineCu mineralization traced over 6 sq kmsValues up to 2.97% Cu & 1.48 g/t Au in rock floatOpen to S and SEPhase one drill program commenced July 2008
Brahma
0
0
250 Miles
250 Km
WEST FISSUREFAULT SYSTEM
Santiago
El Teniente Mine
Brahma
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Brahma
Core box cuttings from Brahma hole 2
Drill turning on Brahma
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Prospecting, sampling and mapping completed in October 2007
Ground work done in early 2008
Access road built in Spring 2008
Phase 1 drill program commenced July 2008
Phase 1 drill program completed September 2008
Awaiting results from Assay labs
Brahma
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Condor De Oro Project
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www.condorresources.com TSXV : CN
Au/Cu target 82 sq km Within the Cordillera del Condor (host to
Aurelian’s Fruta del Norte gold deposit) Highly anomalous gold and base metal
geochemical results coincident with magnetic high over 2 sq km on the western boundary of a large magnetic low
Prior work done by Monterrico Metals Mapping and sampling program was completed in
September 2008 Option to earn 65%
Condor De Oro (Condoro)
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Shares Issued and Outstanding 24,060,241
Working Capital $3.1 Million
Fully Diluted Shares Outstanding 28,564,139
Fully Diluted Cash Position $6.5 Million
Capital Structure
August 31st 2008
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Strong Share Structure – tightly held
Management with proven deposit discovery record
Over 40 years experience in Latin America
Extensive Contact Base in Latin America
Strategically located properties
Early stage projects located within prolific gold and copper belts
Actively reviewing new project opportunities
Investment Opportunity
www.condorresources.com TSXV : CN
CONDOR RESOURCES INC.
Generate ... Explore ... Discover …
September 2008
Copper & Gold in Latin AmericaCopper & Gold in Latin America