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Jaguar Mining Inc.
Summary
| Project: | Caete | |
|---|---|---|
| Deposit: | Corrego Brandao | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-6-2019: Jaguar Mining Inc. announces an Exploration/Drilling Update report for its Corrego Brandao deposit at the Caete project. Drilling results incl. 12.80m @ 21.32g/t Au. Ben Guenther Interim CEO, Jaguar Mining commented: “The exploration results hig | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathan Hill (Internal) | |
| ABSTRACT: | Ben Guenther Interim CEO, Jaguar Mining commented: “The exploration results highlighted today support Jaguar’s organic growth strategy to double the Company’s gold production within five years by filling current operating processing plants to capacity while also reducing unit costs.” “Pilar initiated a program in 2019 to develop and drill the Sao Jorge, SW, Torre, and BA structures, which are all close to mine infrastructure and have historical production. Exploration activities are focused on increasing ounces/vertical-meter that will allow for increased production rates and mining flexibility. Pilar has accessed gold mineralization within the Sao Jorge Syncline, close to existing operational areas and the main ramp. Intercept grades have ranged between 2.8 to 12.8 g/t. The Sao Jorge Structure was previously mined by open pit and there is evidence that mineralization extends from surface to the deepest level currently being mined approximately 800m vertically below.” “Corrego Brandão has near-surface open pit potential to add feedstock to the Caeté processing plant. A shallow auger and trenching program are well underway. The depth, thickness and grade of the intercept received to date is very encouraging. Once completed, we will be positioned to fast track the evaluation and permitting process while we fully evaluate the size and grade potential of the project.” “At Turmalina, following successful results in Orebody C-Central earlier this year, a re-evaluation of Orebody B identified an additional opportunity to increase near-term economic grade production from a possible forth mining area. Orebody B can be accessed from existing Orebody A infrastructure. Development of Orebody B could start to positively impact production from 2020 onward and supports our organic production growth strategy. | |
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