CONDOR RESOURCES INC.

Transcription

1 CONDOR RESOURCES INC. Generate... Explore... Discover Copper & Gold in Latin America October 2007

2 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.

3 CONDOR RESOURCES INC. The Company Management Corporate strategy Six 100% owned projects in Chile 4 newly acquired projects in Peru Interests in 2 projects in Argentina Investment opportunity

4 The Company 2006 IPO Project generation: five 100% owned properties in Chile options on two projects in Argentina 2007 Ongoing project generation: six 100% owned properties in Chile discovery of large new copper project options on two projects in Argentina acquisition of three new projects in Peru

5 Management Over 40 years of experience in Latin America Direct involvement in several major copper and gold deposit discoveries in Latin America (Escondida, Escondida Norte and Zaldivar) Over 20 years of public company management experience

6 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 in Latin America (17 in Chile) Extensive South American contact base

7 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

8 Management Ever Marquez Amado Graham H. Scott Nial Barrett Lyle Davis, P. Eng MBA Paul Larkin VP Exploration Corp. Sec./Director CFO Director Director Technical Advisory Board John E. Robins, P. Geo; Patrick Gorman; Brian Fagan; Art Soregaroli, Ph. D

9 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

10 Chile Project Locations VENEZUELA COLUMBIA ECUDOR PERU BRAZIL CRISTAL BOLIVIA CHILE ESCUDO CORONA BECKER SANTIAGO ARGENTINA PARAGUAY BRAHMA ROYAL Km 1000 Miles

11 Brahma Porphyry Copper Project

12 Brahma 270 sq km 100% owned Located on the prolific West Fissure fault system 200 kms south of the El Teniente mine Cu mineralization traced over 3 kms Values up to 2.97% Cu & 1.48 g/t Au in rock float Open to S and SE Field crew presently on the property Brahma Santiago El Teniente Mine WEST FISSURE FAULT SYSTEM Km 250 Miles

13 Brahma Mineralized and silicified rocks with veining Malachite staining of argillic alteration

14 Brahma Prospecting, sampling and mapping completed in early October Discovered float boulders containing abundant finely-disseminated chalcopyrite and covellite in a pervasive quartz-sericite altered QFP intrusive Source of float boulders located upstream in outcrop containing copper sulphides Prospecting approximately 300m vertically above outcrop located leached QFP intrusive TBD dimensions of the QFP intrusive system depth of leaching extent and grade of mineralization

15 Peru Project Locations VENEZUELA COLUMBIA ECUDOR LA LIBERTAD OCROS LIMA PERU BOLIVIA BRAZIL PUCAMAYO CHILE PARAGUAY ARGENTINA Miles Km

16 Ocros Project

17 Ocros Porphyry copper target Claims cover 46 sq kms 182 kms NW of Lima Located on the extension of the West Fissure fault system into Peru 2 sq kms target zone High Cu values, plus Ag, Au, Zn, Pb, Mo pathfinder anomalies (up to 6.8% Cu; 302 g/t Ag; 779 ppb Au; 0.13% Mo) Option to earn 75%

18 Ocros Additional grid soil and rock sampling completed in September Additional detailed mapping to delineate the porphyry copper system and define drill targets completed in October 3000m Drill program scheduled to commence in early November

19 Pucamayo Project

20 Pucamayo 36 sq kms 177 kms SE of Lima Volcanic hosted epithermal gold/silver target Located in northern Peru within the Pierina-Alto Chicama-Yanacocha precious metals belt Highly anomalous Au/Ag and pathfinder elements (3 g/t Au; g/t Ag) Potential for both bulk tonnage and bonanza-style deposits Option to earn 75%

21 Pucamayo What s Next? Infrastructure and communication facilities in area disrupted by recent earthquake in southern Peru Exploration will resume once access is reestablished Will include additional sampling and mapping on the low-sulphidation 'bonanza-potential' vein system as well as the high sulphidation disseminated bulk-tonnage target located to the east

22 LA LIBERTAD PROJECT

23 La Libertad 2 sq km porphyry copper target Located 280 km NW of Lima and 80 km SW of the Antamina deposit Situated on the extension of the West Fissure fault system into Peru Abundant oxide-copper mineralization at surface grading up to 30% Cu and 0.3% Mo Similar geology to the La Granja porphyry copper deposit. La Granja reserves are 3.2 billion tonnes grading 0.62% Cu 100% owned

24 La Libertad What s Next? Detailed mapping and sampling and drill target definition Timing: October November

25 Argentina Project Locations VENEZUELA COLUMBIA ECUDOR PERU BRAZIL BOLIVIA CHILE PARAGUAY EL DORADO PROPERTY MILAGRITO PROPERTY ARGENTINA Miles Km

26 Capital Structure Shares Issued and Outstanding 20,897,446 Working Capital $3.5 Million Fully Diluted Shares Outstanding 29,647,446 Fully Diluted Cash Position $9.4 Million October 15 th 2007

27 Investment Opportunity Newly listed company 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

28 CONDOR RESOURCES INC. Generate... Explore... Discover Copper & Gold in Latin America October 2007