Ccaccapaqui - Alturas Minerals

Presentation to the
Annual General Shareholders Meeting
04th March 2009
Capital Structure & Cash Position
Shares outstanding
53.1 million
Options
3.6 million
Share price - (03 March 2009)
C$0.05 (TSXV)
US$0.05 (BVL)
Market cap
$2.7 million
Current cash position
$1.54 million
G&A annual cost – Canada
$200,000
G&A annual cost – Peru
$400,000
Properties care and maintenance
$200,000
$800,000
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Share Price
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Problems facing Alturas
Money is running low
Difficult to generate fresh news
Projects are in exploration stage
No development/production stage projects in portfolio
Very difficult to raise money for exploration projects in this market
Even if we could raise small packets of money (say C$ 1-2 million,
very large dilution would be involved at current share price)
Nobody knows how long market will remain depressed!!
Conflict with Inversiones Sol needs to be resolved
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Strengths of Alturas
Listings on TSX-V Tier 1 and BVL
Projects have spread of commodities: Gold and Copper
Projects are in an attractive jurisdiction, Peru
Projects are drill ready and attractive
Strong hard rock expertise in gold and copper
Strong technical and operational experience in Peru and Americas
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Exploration Highlights - 2008
Key results/progress for 2008
• Drilling programs completed over Baños del Indio Au and Huajoto Zn
targets (7,419 meters)
• Surface exploration completed over Chapi Chapi Cu-Au, Sombrero
Cu-Au and Ccaccapaqui Au-Ag
• Drill-ready gold targets now defined in four projects (Chapi Chapi,
Sombrero, Ccaccapaqui and Huajoto) in the form of strong coincident
surface gold (+-copper), alteration and geophysical anomalies
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Summary by project
Principal Projects
Chapi Chapi – 1:5,000 geological mapping, soil geochemistry and trenching
completed. Large geochem. anomalies defined: Cu-Au skarns (Chapi Chapi
Corridor), Au in fractured quartzites (Huarajo);
Sombrero – induced polarization survey completed: large, strong chargeability
anomalies detected beneath surface Cu-Au anomalies. Negotiations with Aceros
Arequipa
Huajoto – 2,501 m diamond drilling of base metal targets completed in September
2008; Significant Zn-Cu intervals intersected in a few widely spaced drillholes.
Large Au target remains largely untested;
Ccaccapaqui – Surface geochemistry defined strong Au-Ag anomalies in high
sulfidation alteration that require drill testing
Baños del Indio – 4,918 m RC drilling of high sulfidation Au-Ag targets completed
in February 2008; No significant results. One untested conceptual target remains;
Earlier Stage Projects
Callejones – Search for partners continues with some expressions of interest
Pampa Colorada – IOCG Cu-Au. On hold.
La Divina – Low-sulfidation gold. On hold
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Property location – South Peru
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Property location – North Peru
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Utupara-Chapi Chapi Copper-Gold
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Chapi Chapi - location
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Chapi Chapi - Highlights 2008
1:5,000 geological mapping and soil/rock geochemical sampling over
key targets completed
Chapi Chapi Target:
•+ 3 kilometer long corridor of contact magnetite skarns defined with very
strong copper-gold anomalism. High grade copper-gold results returned
from trenches (up to 18 meters @ 12.7 % Cu, 0.13 g/t Au and 18 meters
@ 1.58 % Cu, 2.84 g/t)
Huarajo Target:
•+ 1.1 x 1.1 km disseminated gold target within fractured and pyritized
sandstone. Representative bedrock geochemical sampling (21 samples)
over the soil anomaly returned Au values averaging 0.25 g/t, with a peak
value of 1.15 g/t. Possible leached cap over a concealed copper-gold
porphyry system
Chama Target:
•250,000 ozs Au grading 0.5 g/t Au (oxide) on adjacent property offered
to Alturas. Extensions within our property.
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Chapi Chapi – surface Cu-Au
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Chapi Chapi – Cu in soils
Huarajo
Disseminated
Gold Target
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Chapi Chapi – Au in soils
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Huajoto Gold-Zinc-Lead
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Huajoto - location
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Huajoto – Highlights 2008
Caty-Pablo Target:
• Large, strong geochemical, gravity and radiometric anomalies
defined a broad sub-circular structure in skarn altered tuffs and
intrusives;
• Continuous trench sampling returned 52m @ 1.57% Zn, 0.11% Cu
• 2,501 meters diamond drilling completed – best intercept in hole
JOT-08-01 intersected an upper section of 48.5 m @ 2.24% Zn,
0.13% Cu and a lower section of 17.0 m @ 3.26% Zn, 0.18% Cu.
Higher grade intervals of 5.80 m @ 3.48% Zn, 0.18% Cu, and 4.40 m
@ 7.28% Zn, 0.37% Cu
La Virgen Target:
• Large, strong Au, Ag, As, Mo soil geochemistry anomaly extended
over epithermal alteration in tuffs;
• Outcropping mineralization controlled by metres-wide silicic
structures.
• Drill targets will be concealed replacement horizons at depth
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Huajoto – Au in soils and drilling
Caty-Pablo (Zn)
Area of drilling
La Virgen (Au)
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Huajoto – gravity, geochem. and drilling
2.3 m @ 2.08% Zn, 1.19% Pb, 80.8 g/t Ag
1.9 m @ 0.78% Zn, 0.23% Pb, 12.9 g/t Ag
1.6 m @ 1.55% Zn
2.0 m @ 5.33% Zn
48.5 m @ 2.24% Zn, 0.13% Cu
17.0 m @ 3.26% Zn, 0.18% Cu
1.1 m @ 2.27 % Zn
2.1 m @ 0.25 g/t Au
2.0 m @ 0.48 g/t Au
3.9 m @ 1.19% Zn, 0.30% Cu
Caty-Pablo (Zn)
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Huajoto – zinc intersected at Caty-Pablo
Lower part of
mineralized intercept
from JOT-08-01
(106.5 metres @ 1.64%
Zn, 0.09% Cu)
7.48% Zn
7.11% Zn
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Huajoto – La Virgen high sulfidation target
Weakly Au - mineralized (0.1 – 1.0 g/t) silica ribs
cutting argillic and advanced argillic alteration
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Sombrero Copper-Gold
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Sombrero - location
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Sombrero – Highlights 2008
Induced polarization survey completed;
North Target:
• Large complex ring of chargeability anomalies, approximately
1.5 kilometers in diameter, beneath or flanking magnetite skarn
bodies
• Consists of chains of individual +25 mV/V chargeability
anomalies between 200 and 400 meters in diameter;
• Majority of anomalies lie within 2 small Aceros Arequipa claims
South Target:
• An oval-shaped structure, approximately 1.8 kilometers in
diameter, formed by several individual +25 mV/V chargeability
anomalies in the order of 100 to 400 meters in diameter;
• Small area of anomalies (endoskarn) in concealed area of
Alturas tenure;
• Majority of anomalies lie within small claim controlled by AA.
Drill Ready
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Sombrero – magnetics and rock geochem.
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Sombrero – chargeability & rock geochem.
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Sombrero – chargeability section (Norte)
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Sombrero – chargeability section (Sur)
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Ccaccapaqui Gold-Silver
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Ccaccapaqui - location
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Ccaccapaqui – Highlights 2008
• 1:5,000 mapping and systematic rock sampling completed;
• Very encouraging gold and silver within upper levels of a highsulfidation epithermal system;
• Mineralized silica / alunite outcrops in small erosional windows define
a coherent anomaly of +1.50 x 0.50 kilometers;
• System open at both ends, passing under younger cover and reemerging in the northwest, extending potential to +2.50 kilometers of
strike;
• Pervasive silicification of tuffs - a key ingredient in bulk-mineable, low
grade, high-sulfidation epithermal gold-silver deposits;
• Potential for mechanically transported gold in glacial moraine
deposits, akin to the Yanacocha district of northern Peru;
• Drill ready
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Ccaccapaqui – geology & rock geochem.
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Ccaccapaqui – Au-Ag mineralized outcrops
Extensive glacial cover
Outcrops reporting up to 3.19 g/t Au, 194 g/t Ag
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Baños del Indio Gold-Silver
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Baños del Indio - location
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Baños del Indio – Highlights 2008
4,918 metre 18 hole RC drilling program of key targets completed:
• Honguitos Target: Significant intervals of massive silica intercepted
hosted by tuffs and andesite, results negative;
• Llaurimorco Target: Significant intervals of massive silica intercepted
hosted by tuffs and andesite, results negative;
• Drilling generally confirmed geophysical interpretation although RC
does not give the full geologic picture;
• One conceptual target remains to be tested in the southern part of
Llaurimorco (strong surface molybdenum anomaly)
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Baños del Indio – drilling 2008 and targets
San Benedicto
Llaurimorco
Honguitos
Untested
Target
Carepiña
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Taking Discovery to New Heights…
28 February 2009