Condor Resources Inc.

Transcription

1 Condor Resources Inc. Gold and Copper in South America March, 2010

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 ess sidentify forward looking statements. e ts Forward-looking oo statements e ts 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 ti or obligation to update or revise any forward-looking statements t t whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

3 Company Highlights Condor is focused exclusively on exploration in South America. Condor has an excellent portfolio of discovery stage properties, including six 100% owned projects in Chile, and seven projects in Peru, each offering a unique path to discovery. Chile andperuare are hometoworld world class mineral deposits andhave progressive, pro mining regulatory regimes. Condor has 728 sq km of land tied up in highly prospective underexplored areas of Chile and Peru. Condor maintains good relations with the communities in which it works.

4 Experienced Management Team Management Patrick Burns, President & CEO, Director 30 years experience in Latin America Directly involved in the discovery of Escondida. Ever Marquez Amado, VP Exploration Exploration geologist with a 19 year career in mineral exploration. Previously the Senior Regional lexploration Geologist at Newmont Peru Limited. Graham H. Scott, Corporate Secretary & Director Principal of VECTOR Corporate Finance Lawyers John S. Watt, Chief FinancialOfficer Chartered Accountant with over 37 years of business experience. Directors Lyle Davis, Director Paul Larkin, Director Robert Boyd, Director Technical Advisory Board John E. Robins Patrick Gorman Brian Fagan Art Soregaroli

5 Share Structure t Shares Outstanding: 46,953,246 Fully Diluted: 62,138,241 Working Capital: $3.8 million Options: 3,085,000 Warrants: 12,099,995

6 Project Portfolio Kury Intsa Sol de Oro Condor de Oro Pucarima La Libertad Ocros Pucamayo PROJECT LOCATIONS Peru Properties Pucamayo Gold Silver Condor de Oro Gold Copper &Silver Sol de Oro Gold Copper Kury Intsa Gold Copper La Libertad Porphyry Copper Molybdenum Pucarima Gold Silver Lead Zinc Ocros Porphyry Copper Molybdenum Pacific Ocean Becker Royal Cristal Corona Austral Brahma Atlantic Ocean Chile Properties Brahma Porphyry Copper Gold Austral Porphyry Copper Gold Cristal Porphyry ycopper Royal Porphyry Copper Gold Molybdenum Corona Iron Oxide Copper Gold/epithermal Gold Becker Bonanza style Gold ld& Silver. LEGEND Condor Resources Inc. Projects Towns South America Country Limit

7 Pucamayo Discovery high grade bonanza style gold silver mineralization with channel samples returning values up to 86.6 (g/t) Auover 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 extensive anomalous gold and silver mineralization suggest potential forthe discovery of one or several large gold silver deposits. This new Greenfields discovery on the Pucamayo property has never been previously sampled ldor drill tested. 38 sq km property located 180 km SE of Lima within the Central Andes Tertiary volcanic precious metals belt that hosts the multi million ounce Yanacocha, Alto Chicama, and Pierina Au Ag deposits.

8 Structure N340º/65ºSW, <10m. wide, 400m long, Qtz-FeOx-CuOx-Mn vein with banded, drusy, botryoidal quartz texture. LS VEIN TARGET Multiphase quartz carbonate veins with Au - Ag mineralization. Channel: 3m g/t Au Channel: 3m g/t Au Main structure N345º / 75º NE, < 25 m. wide and 1500 m. long. Qtz-FeOx-Mn vein with banded, drusy, botryoidal, carbonate replacement (CRT) texture. Structure N360º/85ºSE, <1m. wide, 100m long, Qtz-FeOx-CuOx-Sp vein with banded, drusy, botryoidal quartz texture. Channel: 30m g/t Au Channel: 2m g/t Au Channel: 3m g/t Au Channel: 20m g/t Au Channel: 3m g/t Au Channel: 2m g/t Au Channel: 2m g/t Au Channel: 3m g/t Au Opaline Silica Channel: 2m g/t Au Channel: 10m. 018g/tAu 0.18 Channel: 2m g/t Au Channel: 0.5m g/t Au Channel: 2m g/t Au Channel: 4m g/t Au Channel: 1.5m g/t Au Channel: 10m g/t Au Channel: 10m g/tau Channel: 0.5m g/t Au Channel: 0.5m g/t Au Channel: 1.5m g/t Au Channel: 2m g/t Au Structure N30º/85ºSW SW, <5m. wide, 200m long, Qtz-FeOx-Mn vein with banded, drusy, botryoidal CRT texture. Channel: 3m g/t Au Silica Clay -FeOx Channel: 3m. 2.9 g/t Au Condor Resources Inc. PUCAMAYO WEST ZONE Rock Channel Samples ( g / t ) meters 1000 GEOCHEMISTRY ROCK AU (PPB) Projection: UTM Zone 18. Southern Hemisphere (WGS 84)

9 Structure N340º/65ºSW, <10m. wide, 400m long, Qtz-FeOx-CuOx-Mn vein with banded, drusy, botryoidal quartz texture. LS VEIN TARGET Multiphase quartz carbonate veins with Au - Ag mineralization. Channel: 3m g/t Ag Channel: 3m g/t Ag Main structure N345º / 75º NE, < 25 m. wide and 1500 m. long. Qtz-FeOx-Mn vein with banded, drusy, botryoidal, carbonate replacement (CRT) texture. Structure N360º/85ºSE, <1m. wide, 100m long, Qtz-FeOx-CuOx-Sp vein with banded, drusy, botryoidal quartz texture. Channel: 30m g/t Ag Channel: 2m g/t Ag Channel: 3m g/t Ag Channel: 20m g/t Ag Channel: 3m g/t Ag Channel: 2m. 53 g/t Ag Channel: 2m. 118 g/t Ag Channel: 3m g/t Ag Opaline Silica Channel: 2m g/t Ag Channel: 10m g/t Ag Channel: 2m g/t Ag Channel: 0.5m. 296 g/t Ag Channel: 2m g/t Ag Channel: 4m g/t Ag Channel: 1.5m g/t Ag Channel: 10m g/t Ag Channel: 10m. 169g/t 1.69 Ag Channel: 0.5m g/t Ag Channel: 0.5m g/t Ag Channel: 1.5m g/t Ag Channel: 2m g/t Ag Channel: 3m g/t Ag Structure N30º/85ºSW SW, <5m. wide, 200m long, Qtz-FeOx-Mn vein with banded, drusy, botryoidal CRT texture. Silica Clay -FeOx Channel: 3m. 21 g/t Ag Condor Resources Inc. PUCAMAYO WEST ZONE Rock Channel Samples ( g / t ) meters 1000 GEOCHEMISTRY ROCK AG (PPM) Projection: UTM Zone 18. Southern Hemisphere (WGS 84)

10 LS, IS VEIN TARGET Quartz carbonate veins with Au-Ag-Cu-Pb-Zn mineralization. Channel: 1m g/t Au Structure N335º/50ºNE, 1m. wide Qtz-Gn-Sp-Cc-Cv-Ag sulfosalts FeOx-CuOx vein, massive sulphides, with banded, drusy, botryoidal carbonate replacement textures (CRT). DANIELA Structure t N340º/70ºSW, 1m. wide Qtz-FeOx-CuOx vein, cutting stockwork veinlets. Channel: 1m g/t Au HS - DISSEMINATED TARGET Hydrothermal crackle breccias, vuggy silica, exhibiting multiphase silica flooding with Au - Ag mineralization. Str. N340º/75ºSW, up to 10m. wide and100m. long. Quartz veins with banded drusy quartz textures, brecciated zones with SM-SV clasts- FeOx and barite crystals. Channel: 10m g/t Au Silicification ifi i with vuggy silica and disseminated FeOx-CuOx-Py. Channel: 4m g/t Au Granular Silica vent Channel: 5m g/t Au Channel: 10m g/t Au Channel: 4m g/t Au Channel: 5m g/t Au Channel: 20m g/t Au Channel: 10m g/t Au Rock Channel Samples ( g / t ) meters Channel: 5m g/t Au Condor Resources Inc. PUCAMAYO EAST ZONE GEOCHEMISTRY ROCK AU (PPB) Projection: UTM Zone 18. Southern Hemisphere (WGS 84)

11 LS, IS VEIN TARGET Quartz carbonate veins with Au-Ag-Cu-Pb-Zn mineralization. Channel: 1m. 240 g/t Ag Structure N335º/50ºNE, 1m. wide Qtz-Gn-Sp-Cp-Cv-Ag sulfosalts FeOx-CuOx vein, massive sulphides, with banded, drusy, botryoidal carbonate replacement textures (CRT). DANIELA Structure t N340º/70ºSW, 1m. wide Qtz-FeOx-CuOx vein, cutting stockwork veinlets. Channel: 1m g/t Ag HS - DISSEMINATED TARGET Hydrothermal crackle breccias, vuggy silica, exhibiting multiphase silica flooding with Au - Ag mineralization. Str. N340º/75ºSW, up to 10m. wide and100m. long. Quartz veins with banded drusy quartz textures, brecciated zones with SM-SV clasts- FeOx and barite crystals. Channel: 10m. 108 g/t Ag Silicification ifi i with vuggy silica FeOx-CuOx-Py and disseminated diss. FeOx-CuOx-Py. Channel: 4m. 213 g/t Ag Granular Silica vent Channel: 5m. 343 g/t Ag Channel: 10m. 135 g/t Ag Channel: 4m. 216 g/t Ag Channel: 5m. 394 g/t Ag Channel: 20m g/t Ag Channel: 10m g/t Ag Channel: 5m. 101 g/t Ag Condor Resources Inc. Rock Channel Samples ( g / t ) meters PUCAMAYO EAST ZONE GEOCHEMISTRY ROCK AG (PPM) Projection: UTM Zone 18. Southern Hemisphere (WGS 84)

12 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 features but has little modern day exploration and no prior drilling. Two gold and base metal targets defined, with coincident geophysical, gold and multielement rock, soil and stream sediment anomalies. Placer gold occurs in creeks within both target areas. Potential to host a multi million ounce gold and base metal deposit. "Reported reserves are inferred only, and from the websites and public documents of the Companies whose deposits are mentioned."

13 Cordillera del Condor Belt

14 $ PERU Banded quartz vein structure with base metals mineralization Banded quartz vein structure >10m. wide, with base metals mineralization Qtz-Ser-Ksphar-Py with intense stock work Qtz-Py Py-Cv-Sph-Ccp-Gn ROCK / SOIL GEOCHEMISTRY ECUADOR Banded quartz vein structure >2m. wide, with base metals mineralization Banded Qtz-Py-Ccp-Gn-Sph vein structure,n160º/40ºne, <1m. Wide with Au-Ag-Cu- Pb-Zn mineralization Qtz-Ser-Py-Ccp-Cc-Cv-Bn diss. with stockwork Qtz-Py-Ccp-Cc-Cv-Bn veinlets 1968 Qtz-Chl-Ser-Py with stockwork Qz-Py LEGEND Condor Resources Inc. International Limit Contour Level Drainage Condor de Oro Property $ 2641 CONDOR DE ORO PROJECT 0 2 Kilometers GEOCHEMISTRY ROCKS / SOIL AU (PPB) Projection: UTM Zone 17, Southern Hemisphere (WGS 84)

15 ECUADOR Qtz-Ser-Clay-FeOx (Lm) With stockwork Qtz-FeOx (Lm) PERU PUCAYACU GOLD - COPPER MINERALIZATION TARGET ROCK / SOIL GEOCHEMISTRY Banded Qtz-Py-Ccp-Gn-Sph vein structure,n160º/40ºne, <1m. Wide with Au-Ag-Cu- Pb-Zn mineralization Qtz-Ser-Py-Ccp-Cc-Cv-Bn diss. with stockwork Qtz-Py-Ccp-Cc-Cv-Bn veinlets LEGEND International Limit Contour Level Drainage Condor de Oro Property 0 1 Kilometers Pucayacu Qtz-Chl-Ser-Py with stockwork Qz-Py Condor Resources Inc. CONDOR DE ORO PROJECT PUCAYACU TARGET GEOCHEMISTRY ROCK & SOIL AU (PPB) Projection: UTM Zone TSXV 17, Southern Hemisphere : CN (WGS 84)

16 Community Relations Condor is committed to working with the local communities to complete its exploration programs and develop sustainable projects for the future. Condor maintains close ties to the communities in which it works. Meeting with local authorities Meeting with company personal

17 La Libertad Porphyry Copper Molybdenum target. Located 280km NW of Lima and 80km 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 0.62% Cu). 100% owned. "Reported reserves are inferred only, and from the websites and public documents of the Companies whose deposits are mentioned."

18 Porphyry Copper and Molybdenum Target SHEMUR CREEK Qz-Ser-Py-Cp-Mo diss and stw. Qz-Py Py-Cp-Mo, Chalcosite in fractures Leached cap with secondary enrichment of Chalcosite and malachite Structure N-S S/80W, 0.50 m. wide Qz-Py Hbx Channel, Qz-Turmaline matrix with Qz-Ser Ser-Py clasts. LA LIBERTAD PROPERTY 200 Has. Condor Resources Inc. LA LIBERTAD PROJECT GEOCHEMISTRY COPPER (PPM) Projection: UTM Zone 18, Southern Hemisphere (WGS84)

19 Moving Forward 2010 Exploration Plans Pucamayo: Geophysics has been completed and additional prospecting, mapping and sampling are on going in preparation for a 3,000m to 5,000m drill program. Condor de Oro: To conduct additional prospecting, sampling and mapping at Pucayacu in preparation for a Phase I drill program and define/delineate the large Yuracyacu Au and base metals target. La Libertad: Geophysics has been completed. To prepare La Libertad for a First Phase drill program comprising ii 2,000 to 2,500m. Joint Ventures: To continue efforts to JV projects. Currently in discussion with several major and mid tier mining companies.

20 Thank you Contact Information Head Office Condor Resources Inc. Suite 120, 601 West Cordova St. Vancouver, BC Canada, V6B 1G1 Phone: Fax: Toll Free: info@condorresources.com