This document discusses discovering, developing, and producing precious metals in North and South America. It describes a company that is exploring a potential gold discovery in Argentina called the Cerro Delta Project. The project shows promising signs like being located near other large deposits, having coinciding areas of gold mineralization and geophysical anomalies, and potential for further discoveries on the property. The company plans drilling at Cerro Delta in the fall to test their theory that it could be a multi-million ounce deposit similar to nearby major gold projects. The document outlines the project's geology and exploration history to date, and potential upside for investors if resources are identified.

1. Discovering, Developing and Producing Precious Metals in North and South America

2. AMEX Gold Bugs
Index
World Money
Supply
Gold
Discovering, 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 Delta
Drilling defines 1.1 American makes deal to management, control group production
production appointed as Acquisition
million/oz Au eq. develop Cieneguita with & company’s refinancing & delayed by need
begins President
Cieneguita 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 Jan
1996 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. 5
Discovering, Developing and Producing Precious Metals in North and South America

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Discovering, 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).
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Discovering, Developing and Producing Precious Metals in North and South America

8. In the 1980s soil and rock
chip sampling by Anglo
American at Capiche
outlined an anomalous
gold zone 650 meters by
300 meters over a diorite
porphyry system.
The gold zone covering
the Cerro Delta porphyry
is approximately 1,500
meters by 1,500 meters
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Discovering, Developing and Producing Precious Metals in North and South America

9. Cerro Delta Project
Induced 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 copper
gold porphyry discovery is 400
High Resistivity coincident with with peripheral
meters long by 300 meters HS Epithermal system & eastern edge of gold zone"
wide and 1200 meters deep. 1200 meters
While the gold zone at Cerro
Delta is 1500m by 1500m, the
area of chargeability extends
to 400 meters deep for a
length of 800 meters. The
remaining gold zone is above 800 meters
High Chargeability coincident with
a peripheral HS epithermal gold zone within a Miocene porphyry
system where chip samples
from outcrops up to 4 grams
per ton have been mapped –
typical for Maricunga gold
copper 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
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Discovering, Developing and Producing Precious Metals in North and South America

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Discovering, Developing and Producing Precious Metals in North and South America

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• Poten&al
porphyry
system
and
for
addi&onal
discoveries:
Piedras
Blancas
Discovering, Developing and Producing Precious Metals in North and South America
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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 diluted
Bullish 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
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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