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Jaguar Mining Inc.
Summary
| Project: | Caete | |
|---|---|---|
| Deposit: | Pilar Mine | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-9-2017: Jaguar Mining Inc. announces an Exploration/Drilling Update report for its Pilar Mine deposit at the Caete project. Drilling results incl. 49.3m @ 5.3g/t Au from 372.1m. Toronto, Canada, September 20, 2017 - Jaguar Mining Inc. ("Jaguar" or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jonathon Victor Hill (Internal) | |
| ABSTRACT: | Toronto, Canada, September 20, 2017 - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced further positive results from three deep drill holes (1,348 m) as part of its growth exploration program targeting the down-plunge continuity of the principal mineralized Banded Iron Formation Orebodies at Pilar Gold Mine (“Pilar”) in Minas Gerais, Brazil (see August 16th, 2017 press release). Drill results include high-grade gold mineralization and in places visible gold, not recently seen, down-plunge from current resources. Importantly, these results validate the projected mineralization plunge and grade of the targeted mineralization well beyond current mine production infrastructure. At the Turmalina Gold Mine (“Turmalina”), three diamond drill rigs are currently focused on growth exploration drilling, targeting projected down-plunge extensions, below current mining levels and infrastructure, on both Orebody A and Orebody C. To date, a total of six holes, totaling over 2,795 m, have been completed with initial results expected to be reported during Q4 2017. Rod Lamond, President and Chief Executive Officer, Jaguar Mining commented: “These additional drill results continue to expand the overall size of the high-grade Banded Iron Formation Orebodies at Pilar and confirm the down-plunge continuity of high-grade mineralized structures well beyond current mine plans. The fact we are intersecting impressive visible gold mineralization with increasing grade and thickness at depth supports our view there is strong potential to add significant new resources and extend mine life at Pilar. Today’s results are extremely encouraging and we are becoming increasingly confident in the resource upside of Pilar, which could rival Turmalina, and the mine’s ability to have a very positive impact on the Company’s future.” | |
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