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Jaguar Mining Inc.
Summary
| Project: | Caete | |
|---|---|---|
| Deposit: | Pilar Mine | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 2/12/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-2-2020: Jaguar Mining Inc. announces an Exploration/Drilling Update report for its Pilar Mine deposit at the Caete project. Drilling results incl. 10.08m @ 10.64g/t Au from 0.00m. Toronto, February 12, 2020 – Jaguar Mining Inc. ("Jaguar" or the "Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathan Hill (Internal) | |
| ABSTRACT: | Toronto, February 12, 2020 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is pleased to announce results of its 2019 Infill diamond drilling campaign and the resumption of growth exploration drilling activities at its Pilar Mine Operation (“Pilar”). Infill Drilling completed in 2019 confirms expected modelled grade and thickness of the main and subsidiary Pilar Banded Iron Formation (“BIF”) Orebodies which are the source of current production. This drilling is expected to support replacement of Mineral Reserves net of 2019 production depletion. Definitions: ETW – estimated true width, g/t Au – grams per tonne gold, m – metres, grade (g/t Au) x thickness (m) = GM (gram – metres). At Pilar, 26 infill drilling intersections have grade (g/t Au) x thickness (m) results > 25 gram metres (GM) with the best results from Orebody BF2, reporting 10.64 g/t Au over 9.8m, Orebody BF, reporting 9.88 g/t Au over 3.88m and Orebody BA reporting 6.16 g/t Au over 10.00m. (see Table 1, Figure 1 and Appendix 1 and 2). The 2019 infill drilling program completed 14,300 metres. Geological mapping of development, especially at the lower levels of the mine has allowed a greater appreciation and understanding of the complex, structural fold geometries which are prominent features of the BIF hosted mineralization. Updated schematics derived from ongoing geological mapping activities and current structural interpretation are presented in Figure 2. | |
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