Zoro Mining Q2 2010 Overview

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CORPORATE OVERVIEW SUMMER 2010 SUMMER 2010

description

Zoro Mining Corp. Corporate Overview Q2 2010.

Transcript of Zoro Mining Q2 2010 Overview

Page 1: Zoro Mining Q2 2010 Overview

CORPORATE OVERVIEW

SUMMER 2010 SUMMER 2010

Page 2: Zoro Mining Q2 2010 Overview

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as “measured,” “indicated,” and “inferred” “resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K, which may be secured from us, or from the SEC Website at http://www.sec.gov/edgar.shtml.

All information or advice provided as part of this presentation is intended to be general in nature, and you should not rely on it in connection with the making of any decision. Zoro Mining tries to ensure that all information provided as part of this presentation is correct at the time of inclusion in the presentation but does not guarantee the accuracy or completeness of such information. All content, information and advice is provided on an “as is” basis and Zoro Mining hereby expressly disclaims all liability for any action you may take as a result of relying on such content, information or advice or for any loss or damage suffered by you as a result of you taking this action.

Zoro Mining does not warrant or make any representations as to the security in this presentation nor does it warrant that functions or materials accessible from or contained in this presentation will work uninterrupted or error free, that defects will be corrected or that this presentation is free from viruses or other harmful elements.

All content, information and advice is provided on an “as is” basis. Neither Zoro Mining nor any of its agents or subcontractors shall be liable for any damages either direct, indirect, incidental, consequential, otherwise (including but not limited to financial losses, loss of data, loss of profits, loss of business, business interruption or the like) arising out of the use or inability to use this presentation or the content, information or advice provided on or via this presentation.

IMPORTANT DISCLAIMER IMPORTANT DISCLAIMER

Page 3: Zoro Mining Q2 2010 Overview

Forward-Looking Statements

This presentation contains forward-looking statements regarding the company. Generally, forward-looking statements can be identified by the use of

forward-looking language such as “plans,” “expects,” “budgets,” “schedules,” “estimates,” “forecasts,” “intends,” “anticipates,” “believes,” or variations

of such words and phrases, and statements that certain actions, events or results “may” or “could” occur. Forward-looking statements are based on

the opinions and estimates of the company. Forward-looking statements include, but are not limited to, statements with respect to: (1) the exploration

advancement of the company’s property interests; (2) the ability to acquire additional property interests; (3) the ability to acquire additional financing

when required; and (4) the company’s operational plans for projects.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of

activity, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking statements,

including, but not limited to, risks related to: (1) a downturn in general economic conditions; (2) a decreased demand or price of lithium and other

minerals; (3) unexpected events or delays in the acquisition, exploration and advancement of the company’s projects; (4) the uncertainty of

government regulation and politics in North America and Chile regarding mining and mineral exploration; (5) potential negative financial impact from

regulatory investigations, claims, lawsuits and other legal proceedings and challenges; (6) the inability to obtain the necessary permits and approvals

for the further development of the company’s projects, including environmental agencies; (7) inability of the company to raise financing necessary to

develop projects and continue operations; and (8) other factors beyond our control. Additional information about these and other assumptions, risks

and uncertainties are set out in the “Risks and Uncertainties” section in the company’s management, discussion and analysis filed with Canadian

security regulators at www.sedar.com.

Although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in the

forward-looking statements in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There

can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated

in such statements. Accordingly, you should not place undue reliance on forward-looking statements contained in this presentation. The company

disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or

otherwise, except as required by law.

Note: the “Safe Harbor” for forward-looking statements provided in the Private Securities Litigation Reform Act of 1995 does NOT apply to statements

made in connection with an initial public offering of shares in the United States.

IMPORTANT DISCLAIMER IMPORTANT DISCLAIMER

Page 4: Zoro Mining Q2 2010 Overview

Zoro Mining Corp. is a public company structured to meet the post-crash economics and strategically positioned to capitalize on new gold exploration

The Company was formed in 2007 to acquire high-value opportunities in developing gold prospects stemming from known production areas in the Americas

After acquiring multiple prospects in targeted areas, in 2007, Zoro finalized acquisition of three additional high priority prospects in late 2009 through first quarter, 2010

Zoro owns extensive property positions in significant mineral prospects in established gold mining regions in Latin America; Peru, Chile and Mexico

Management has launched a multi-pronged approach to diversify risk and provide immediate revenue opportunities that will support the development of mid-size to very large gold projects

CORPORATE OVERVIEW CORPORATE OVERVIEW

OVERVIEW | Q2 2010

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STRATEGIC PLAN STRATEGIC PLAN

Primary Strategic Thrust: (0–4 year horizon)

Develop near term resources at surface gold projects in Chile and Peru

Significant land positions obtained in three key districts in Chile—Escondida, Fritis, Piedra Parada, and Yura/Fortuna (Peru)

All offer potential for surface occurring, bulk mineable and heap leachable lower-grade gold production

All are designed for shorter exploration timeframes and cost-effective exploration programs

Budgets designed at each project for immediate exploration to identify NI 43-101 compliant inferred gold resources, and to take through bankable feasibility

Goal: to identify gold resources in each district and bring into production as early as possible

OVERVIEW | Q2 2010

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OVERVIEW | Q2 2010

Secondary Overarch: (5–10 year horizon)

Explore and develop gold resources at larger properties with potential for significant size in Chile and Peru

Large land positions obtained at Yura (Peru) and Don Beno (Chile) projects – over 20,000 acres

Initial IP (imaging) and diamond drill program completed in 2008 at Don Beno Project; established potential for large, deep gold porphyry or IOCG system

Yura Project shows potential for multiple, large surface deposits which could be centrally processed

Exploration budgets being developed for both projects

Goal: to identify gold resources in each district

STRATEGIC PLAN STRATEGIC PLAN

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PROJECTS PROJECTS

S O U T H A M E R I C A

OVERVIEW | Q2 2010

Peruvian Prospects

CHILE

YURA PROPERTY Exploration –Fortuna area

Chilean Prospects

PERU

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PROJECT SUMMARY PROJECT SUMMARY

OVERVIEW | Q2 2010

Use Near Term Projects To Support Major Blue Sky Opportunity

Near Term (1-4 Years)

Explore Fritis

Near Term (1-4 Years)

Explore Piedra Parada

Near Term (1-4 Years)

Explore Escondida

Near Term (1-4 Years)

Explore Fortuna/Yura

Medium Term (10 Years)

Develop Yura

Medium Term (8 Years)

Develop Don Beno

Para

llel P

roje

cts

Hundred-Thousand Oz Au Targets

Multi-Million Oz Au Targets

$11 million estimated required to bring nearer-term projects to resource estimates

$12 million estimated required to bring medium term projects to resource estimates

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YURA/FORTUNA PROJECT – PERU YURA/FORTUNA PROJECT – PERU

OVERVIEW | Q2 2010

TYPE: Surface gold

AREA: 1500 hectares - Fortuna

2114 hectares – Yura

(adjacent to original Yura claims)

FEATURES: Surface gold structures, potentially bulk-mineable, identified through initial exploration

STAGE: Detailed mapping and sampling programs to precede drilling

INTEREST: 100% owned by Zoro

*2.5% net smelter return royalty capped at $20 million; 1.5% can be repurchased

PERU

Location: 60 km west of Arequipa, Peru

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OVERVIEW | Q2 2010

Fortuna area: west adit, depicting altered volcanic gold mineralization open in all directions

FORTUNA PROJECT – PERU FORTUNA PROJECT – PERU

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OVERVIEW | Q2 2010

ESCONDIDA GOLD PROPERTY – CHILE ESCONDIDA GOLD PROPERTY – CHILE

TYPE: Surface gold

AREA: 2050 Hectares (additional land available from adjacent concessions owned by Zoro)

FEATURES: Surface occurring, shallow sedimentary gold deposit with on-site Pilot plant

STAGE: Aerial mapping, 2008 trenching and surface sampling program, and 2 drill holes identified surface structure roughly 4 km long by 100 meters wide by 50 meters deep with gold grades over .5 grams/ton

INTEREST: 100% interest in Zoro

CHILE

Location: 30 km northwest of Copiapo, Chile

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OVERVIEW | Q2 2010

ESCONDIDA GOLD PROPERTY – CHILE ESCONDIDA GOLD PROPERTY – CHILE

Escondida target exploration area is a depth of 50 meters

Typical Mineralized Sedimentary Zoning Pattern

One Meter: Oxidized Zone

One Meter: Overburden

Sulfide Zone Over 100 meters depth

Surface

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OVERVIEW | Q2 2010

ESCONDIDA GOLD PROPERTY – CHILE ESCONDIDA GOLD PROPERTY – CHILE

Structure aerial view

Drill Hole #2 85 meters

Drill Hole #1 >100 meters

Escondida Pilot Plant

Site

|–– 3

60 m

ete

rs –

–|

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OVERVIEW | Q2 2010

TYPE: Surface sediment gold project

AREA: 2100 Hectares of senior rights (with 1500 hectares of junior, overstaked claims)

STAGE: Sampling and auger drilling of uplifted surface sediments confirm precious metals

INTEREST: 100% interest in precious and other metals (excludes Li and light metals) subject to 2% capped net smelter return royalty

CHILE

PIEDRA PARADA PROJECT– CHILE PIEDRA PARADA PROJECT– CHILE

Location: 250 km northeast of Copiapo, Chile

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PIEDRA PARADA PROJECT– CHILE PIEDRA PARADA PROJECT– CHILE

OVERVIEW | Q2 2010

The Piedra Parada property is located in a closed drainage basin containing a classic evaporate body salar system

Sampling the salar sediments mineralization at Piedra Parada

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OVERVIEW | Q2 2010

TYPE: Surface epithermal gold

AREA: 2300 Hectares

FEATURES: Owned by Teck-Cominco Group of companies until 2009

STAGE: 2009 surface sampling program returned gold grades in host rock and gold values in oxidized shear zones

INTEREST: 100% interest subject to capped, 2% NSR return royalty

CHILE

FRITIS PROJECT – CHILE FRITIS PROJECT – CHILE

Location: 40 km south of Copiapo, Chile

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Fritis Project strata shows fractures and shear zones carrying gold values

OVERVIEW | Q2 2010

FRITIS PROJECT – CHILE FRITIS PROJECT – CHILE

Geologic structural zones at Fritis

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OVERVIEW | Q2 2010

TYPE: Deep Sulfide porphyry or IOCG system

AREA: 5900 Hectares

FEATURES: Large IP and conductivity geophysical anomalies (largest is 4km by 2km) identified 2008; intrusive host rock

STAGE: Deep drill program completed 2000 meters (8 holes) of diamond drilling in 2008; results show potential porphyry or IOCG at depth which needs additional drilling

INTEREST: 100% owned by Zoro

CHILE

DON BENO PROJECT – CHILE DON BENO PROJECT – CHILE

Location: 90 km south east of Copiapo, Chile

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OVERVIEW | Q2 2010

DON BENO PROJECT – CHILE DON BENO PROJECT – CHILE

Core drilling at Don Beno Fall of 2008

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OVERVIEW | Q2 2010

TYPE: Surface gold

AREA: 2114 Hectares

FEATURES: Surface gold structures, potentially bulk-mineable, identified through initial exploration

STAGE: Initial mapping partially completed. Requires detailed mapping and geochem with select drill program

INTEREST: 100% owned by Zoro

PERU

YURA PROJECT – PERU YURA PROJECT – PERU

Location: 60 km west of Arequipa, Peru

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MANAGEMENT MANAGEMENT

Andrew Brodkey President, CEO, Director

Harold Gardner Vice President of Business Development, Director

A mining engineer and lawyer active in the mining business

for over 25 years

Held various senior legal and business development

positions at major mining companies, including Magma

Copper Company and BHP Copper Inc., with an emphasis

on Latin American mining activities

Created the International Mining & Metals Group of CB

Richard Ellis, Inc (“CBRE”)

Involved in the private mining sector for the past 26 years

and has extensive experience in exploration and acquisition

of precious and base metals prospects

Served as a consultant, officer, and director of 17 different

mining companies and private investment funds, and

currently sits on the board of four companies in Mexico,

Peru, and Chile

A resident of Copiapo, Chile, with extensive knowledge of

Chile, Peru and the region

OVERVIEW | Q2 2010

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MANAGEMENT MANAGEMENT

David Hackman Vice President of Exploration, Director

Enrique Marino W. Chief of Exploration, Latin America

A geologist and a registered professional engineer with over

35 years of international experience specializing in the

evaluation of leachable metal deposits in the Americas

Widely credited with the discovery of several important

mineral deposits, including the Piedras Verdes copper oxide

mine in Sonora, Mexico

Holds or has held senior geological and Director positions

with a host of public and private companies with operations

in Latin America

A professional geologist with over 45 years of direct

experience in Chile

Worked for a number of different mining companies,

principally for Phelps Dodge Corp. (now Freeport Copper)

at the large Candelaria copper operation near Copiapo,

Chile, where he was the Chief Exploration Geologist.

OVERVIEW | Q2 2010

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PROJECT SUMMARY | BUDGETS PROJECT SUMMARY | BUDGETS

Fortuna/Yura – Peru Indicated high tonnage, low grade surface occurrence

Escondida – Chile Indicated high tonnage, low grade surface occurrence

Piedra Parada salar – Chile Indicated high tonnage, low grade surface occurrence

Fritis – Chile Indicated high tonnage, low grade surface occurrence

Don Beno – Chile Deep structures - porphyry or IOCG

Yura – Peru Surface structures with multiple targets

Near Term US $3.5 MM TO NI 43-101 1-4 years INFERRED RESOURCE

Near Term US $2.5 MM TO NI 43-101 1-4 years INFERRED RESOURCE

Near Term US $2.5 MM TO NI 43-101 1-4 years INFERRED RESOURCE

Near Term US $2.5 MM TO NI 43-101 1-4 years INFERRED RESOURCE

Med Term US $7.1 MM TO NI 43-101 5-8 years RESOURCE, DRILL & BFS

Med Term US $4.8 MM TO NI 43-101 5-10 years RESOURCE, DRILL & BFS

OVERVIEW | Q2 2010

Project Term Estimated Budget to Stage Project Term Estimated Budget to Stage

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INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS

OVERVIEW | Q2 2010

Prolific Quality Gold Exploration Projects

Solidified six valuable projects to 2010; all have ample land positions with significant gold potential in each

Favorable Mining Regulations and Infrastructure: Chile, Peru

All locations have very favorable mining regulations, political stability and strong history of

development with many of the world’s leading gold, silver and copper mines

Experienced Management with Considerable Latin American Expertise

Senior management and Board highly familiar with exploration, mining development at all stages and working in-country in South American mining districts under exploration

Immediate Path To Bankable Resources Through to Production

Budget of $10 million advances all projects and is projected to bring Fortuna project to NI 43-101 compliant inferred resource estimate

Multi-pronged Approach To Revenue Supports Major Blue-Sky Potential

Tandem exploration strategy (immediate and long-term) is designed to result in significant gold

production annually at all projects

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CAPITAL STRUCTURE CAPITAL STRUCTURE

ZORM – OTC Bulletin Board

High: $2.25 Low: $0.30

$0.55 (04.2010)

28,401,536 306,000 28,708,336

$25,837,502

ZORM – OTC Bulletin Board

High: $2.25 Low: $0.30

$0.55 (04.2010)

28,401,536 306,000

28,708,336

$25,837,502

TRADING SYMBOL: (COMMON SHARES)

52 WEEK PRICE RANGE:

RECENT PRICE:

SHARE OUTSTANDING:

WARRANTS:

FULLY DILUTED :

MARKET CAP:

TRADING SYMBOL: (COMMON SHARES)

52 WEEK PRICE RANGE:

RECENT PRICE:

SHARE OUTSTANDING:

WARRANTS:

FULLY DILUTED :

MARKET CAP:

OVERVIEW | Q2 2010

Page 26: Zoro Mining Q2 2010 Overview

Contact: Andrew Brodkey, President

Office: +1.520.989.0022

Email: [email protected]

Zoro Mining Corp.

A Public Company Symbol: ZORM – OTCQB

© Copyright Zoro Mining Corp. 2010. All rights reserved.