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Jaguar Mining Inc.
Summary
| Project: | Caete | |
|---|---|---|
| Deposit: | Pilar Mine | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-9-2016: Jaguar Mining Inc. announces an Exploration/Drilling Update report for its Pilar Mine deposit at the Caete project. Drilling results incl. 5.65m @ 24.19g/t Au from 90.25. Toronto, Canada, September 26, 2016 - Jaguar Mining Inc. ("Jaguar" or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marcos Dias Alvim (Internal) | |
| ABSTRACT: | Toronto, Canada, September 26, 2016 - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is pleased to announce positive drill results from 40 underground diamond drill holes conducted at the Pilar Gold Mine (“Pilar”) located at the Company’s Caeté Complex in the state of Minas Gerais, Brazil. The Caeté Complex is situated in the Iron Quadrangle, one of the most prolific mining districts in South America. These results continue to reaffirm increasing grade profiles at depth at the Pilar BFII ore body and suggest a strong potential for the significant conversion of Mineral Resources to Mineral Reserves. This drill program (5,369 metres (“m”)) included 40 holes, which generated multiple high-grade drill intercepts from Pilar including BFII, BF, BA, LFW, LHW, C, and SW ore bodies. The total cost of this exploration program was approximately $0.4 million. The underground resource definition-drilling program was designed to test the current resource envelope, and to test the down plunge extensions of the Pilar ore bodies. The drill program targeted, in particular, the newly discovered BFII ore body, as previously outlined in the "Technical Report on the Roça Grande and Pilar Operations, Minas Gerais State, Brazil", a copy of which is available on the Company’s SEDAR profile at www.sedar.com. | |
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