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Jaguar Mining Inc.
Summary
| Project: | Turmalina Complex | |
|---|---|---|
| Deposit: | Turmalina Complex | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 3/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-3-2019: Jaguar Mining Inc. announces a Resource Estimation report for its Turmalina Complex deposit at the Turmalina Complex project. Updated mineral resource and ore reserve estimates at the project. Toronto, Canada, March 1, 2019 – Jaguar Mining Inc. | |
| Resources: | (Reserve, P+P): 1.408Mt @ 5.05g/t Au for 228Koz Au contained at the project | |
| CP/QP: | [Resources]: Reno Pressacco, Jeff Sepp (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Toronto, Canada, March 1, 2019 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is pleased to report Mineral Resources and Mineral Reserves estimates as at December 31, 2018 for its Pilar Gold Mine (“Pilar”) and Turmalina Gold Mine (“Turmalina”), each prepared in accordance with CIM definitions (2014) as required by National Instrument 43-101 (“NI 43-101”). Mineral Resources and Mineral Reserves updates are supported by NI 43-101 Technical reports that twill be filed on SEDAR within 45 days. Ben Guenther, Interim CEO of Jaguar Mining stated: “We achieved solid growth in our 2018 year-end Proven and Probable gold ounces that increased by 81% to a large base of 439,000 ounces compared to 2017, in addition to depletion. We are especially pleased that results have delivered a meaningful increase in both Proven and Probable tons and grade at Turmalina. Turmalina Orebody A and Orebody C both have significant life at favorable grades of 5.47 and 4.73 g/t respectively. Both Turmalina and Pilar have over 4 years of Proven and Probable Reserves at current mining rates and over 3 years at our target production rates. The 2018 focus was on ResourceReserve Conversion via infill drilling at both operations after significantly increasing our Resource Inventory in 2016- 2017 through the growth exploration program.” “Looking forward, the increase in Mineral Reserves greatly improves our confidence in the production capability to support a return to a growing gold production profile and the potential to extend the mine life at Turmalina and Pilar.” | |
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