Pan Am March Boca 2011 power point
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Pan Am March Boca 2011 power point Presentation Transcript

  • 1. Discovering, Developing and Producing Precious Metals in North and South America
  • 2. AMEX Gold Bugs Index World Money Supply GoldDiscovering, Developing and Producing Precious Metals in North and South America 2
  • 3. Ball mill Miguel Di Predecessor of Pan “Assembly of new Start of Gold installed gold Nanno Cerro DeltaDrilling defines 1.1 American makes deal to management, control group production production appointed as Acquisitionmillion/oz Au eq. develop Cieneguita with & company’s refinancing & delayed by need begins PresidentCieneguita resource Minera Rio Tinto (MRT) reorganizing begins, MRT to add ball mill to October 1st starts mine construction grinding circuit 2010 Discovering, Developing and Producing Precious Metals in North and South America 3
  • 4. 100 Ultra Petrole um 32.00 UPL 50 Arequipa resources Mag Silver UP 38,000% 25 Up 4,923 percent 16.00 10 2.00 0.40 Jan July Jan1996 1998 2000 0.25 2002 2004 2006 2008 International Royalty Corporation – Royal Gold t) 2 spli ha re for al $0.2 7.5 po st 1 s Viceroy Resources – Yamana (actu Pennaco – Marathon Corriente Resources Velvet Exploration – El Paso 4 Discovering, Developing and Producing Precious Metals in North and South America
  • 5. 5Discovering, Developing and Producing Precious Metals in North and South America
  • 6. 6Discovering, Developing and Producing Precious Metals in North and South America
  • 7. Cerro Delta Project• Mining friendly Rioja province of Argentina;• On same structure 20 km east of 28.8 million oz gold Cerro Casale & 44m oz Au eq. Caspiche;• Contains large +1.5 square km gold anomaly with coincident strong IP anomoly;• Similar porphyry system with high sulfidation epithermal system;• Similar large scale faulting & cross faulting;• The Cerro Delta Project has the potential for both a large low grade porphyry copper gold deposit (Cerro Porfiro) and HS epithermal gold deposit (Cerro Delta). 7 Discovering, Developing and Producing Precious Metals in North and South America
  • 8. In the 1980s soil and rockchip sampling by AngloAmerican at Capicheoutlined an anomalousgold zone 650 meters by300 meters over a dioriteporphyry system.The gold zone coveringthe Cerro Delta porphyryis approximately 1,500meters by 1,500 meters 8 Discovering, Developing and Producing Precious Metals in North and South America
  • 9. Cerro Delta ProjectInduced Polarization A subsequent Induced polarization survey done by Anglo outlined an area of chargeability which eventually proved to be Geophysics and Gold in Soil core of the 44 million ounce deposit. At Cerro Delta a very large area of chargeablity is coincident with the porphyry and the gold zone. Discovering, Developing and Producing Precious Metals in North and South America 10
  • 10. The entire Capiche coppergold porphyry discovery is 400 High Resistivity coincident with with peripheralmeters long by 300 meters HS Epithermal system & eastern edge of gold zone"wide and 1200 meters deep. 1200 metersWhile the gold zone at CerroDelta is 1500m by 1500m, thearea of chargeability extendsto 400 meters deep for alength of 800 meters. Theremaining gold zone is above 800 meters High Chargeability coincident witha peripheral HS epithermal gold zone within a Miocene porphyrysystem where chip samplesfrom outcrops up to 4 gramsper ton have been mapped –typical for Maricunga goldcopper deposits. Discovering, Developing and Producing Precious Metals in North and South America 10
  • 11. Why Cerro Delta Could Be the Next Great Gold Discovery•  As is common among Maricunga gold deposits Cerro Delta consists of a large porphyry system and a peripheral epithermal system the Cerro Casale gold and copper deposit is in both in a porphyry and an adjoining HS epithermal system as is the case with gold mineralization at the Cerro Delta;• On same geological structure as 44 mm oz/Au eq. Cerro Casale;•  Like Casale and Cerviche, Cerro Delta has a similar sized gold zone on surface;•  Geophysics indicates presence of a large metal-rich body beneath the gold zone in the area of the porphyry;•  Horizontal dimensions of Cerviche is only 300 by 400 meters - Cerro Delta is 1500 by 1500 meters;•  Deep drilling is critical - significant gold mineralization was not encountered at Cerviche until 50 to 96 meters deep due to weathering and cover;•  Drilling at Cerro Delta planned for fall 2011 multimillion ounce target 11 Discovering, Developing and Producing Precious Metals in North and South America
  • 12. •  •  •  •  • Discovering, Developing and Producing Precious Metals in North and South America 12
  • 13. • •  13 Discovering, Developing and Producing Precious Metals in North and South America
  • 14. • • • • • • • Poten&al    porphyry  system  and  for  addi&onal  discoveries:  Piedras   Blancas   Discovering, Developing and Producing Precious Metals in North and South America 14
  • 15. Base case (Shares issued & outstanding 54,000,000, fully diluted est. 100,000,000)$1000 Au eq. $0.043 per share $0.47 per share undiluted $0.25 per share fully dilutedBullish Case$1600 Au eq. $0.069 $0.78 per share (undiluted ) $0.42 per share fully diluted*Latest estimate using 15 meters in contract MRT has 140,000 tons left that is minable of the total 20 million tons in place. Discovering, Developing and Producing Precious Metals in North and South America 15
  • 16. Discovery Discovery• • • • •  Discovering, Developing and Producing Precious Metals in North and South America 16
  • 17. Discovering, Developing and Producing Precious Metals in North and South America 17
  • 18. Discovering, Developing and Producing Precious Metals in North and South America 18
  • 19. Discovering, Developing and Producing Precious Metals in North and South America 19
  • 20. •  •  •  •  •  •  •  •  •  •  •  •  • Discovering, Developing and Producing Precious Metals in North and South America 20
  • 21. Discovering, Developing and Producing Precious Metals in North and South America 21
  • 22. DISCLAIMER      This  presenta&on  contains  projec&ons  and  forward  looking  informa&on  that  involve  risks  and  uncertain&es  regarding  future  events.    Such  forward-­‐looking  informa&on  can  include  without  limita&on  statements  based  on  current  expecta&ons  involving  a  number  of  risks  and  uncertain&es  and  are  not  guarantees  of  future  performance  of  the  Corpora&on.  These  risks  and  uncertain&es  could  cause  actual  results  and  the  Corpora&on’s  plans  and  objec&ves  to  differ  materially  from  those  expressed  in  the  forward-­‐looking  informa&on.    Actual  results  and  future  events  could  differ  materially  from  an&cipated  in  such  informa&on.  These  and  all  subsequent  wriMen  and  oral  forward-­‐looking  informa&on  are  based  on  es&mates  and  opinions  of  management  on  the  dates  they  are  made  and  expressly  qualified  in  their  en&rety  by  this  no&ce.  The  Corpora&on  assumes  no  obliga&on  to  update  forward-­‐looking  informa&on  should  circumstances  or  management’s  es&mates  or  opinions  change.   Discovering, Developing and Producing Precious Metals in North and South America 22