TSX: JAG
TORONTO, Feb. 26, 2018 /CNW/ - Jaguar Mining
Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced
growth exploration drill results from 14 underground holes at
Turmalina Gold Mine ("Turmalina") and three infill drill holes at
Pilar Gold Mine ("Pilar") in Minas Gerais, Brazil. At
Turmalina, drilling targeted the down-plunge continuity of the
principal Orebodies A and C (see press release November 28, 2017). Updated mineral resources and
ore reserves for Pilar and mineral resources for Turmalina are
planned to be published in March
2018.
Turmalina Key Highlights
- Additional high-grade intercepts confirm deep extensions of
primary orebodies and increases confidence in delivering improved
near-term production. Infill drilling demonstrates significant
increases in the Grade-Thickness (gram-metre) when drill spacing is
decreased to convert and upgrade mineral resources to mineral
reserves.
- Orebody A growth exploration drilling confirms down plunge
lower extensions approximately 300m
vertically below current operations and previously reported
resources. Grades and tonnages per vertical metre are consistent
with historical levels.
- Orebody A key intercepts include 4.96g/t Au over
19.90m (ETW 7.20m), 4.02g/t Au over 16.10m (ETW 8.20m),
and 8.34g/t Au over 6.30m (ETW
3.70m), (see Table 1 and Appendix
1).
- Orebody A infill drilling increases confidence in near term
performance expectations. Drill results confirm and enhance the
wide, high grade ore shoots between levels 11 and 12 targeted by
ramp development, currently at level 11 sub level 1. Results
demonstrate the potential for increasing grade, tonnage and ounces
per vertical metre at depth.
- Orebody C drilling confirms continuity of mineralization at
depth. Key intercepts from drilling completed since November 2017 include:11.40g/t Au over
2.10m (ETW 2.10m), 7.89g/t Au over6.25m (ETW 6.25m) and 3.56g/t Au over 5.30m (ETW 5.30m), (see Figure 2, Table 2 and Appendix
1).
- Ongoing growth exploration drilling remains focused on defining
extensions to Orebody C near current operations.
Pilar Key Highlights
- At Pilar, growth exploration drilling completed in late 2017
continued to confirm the down plunge grade continuity of the
principal Banded Iron Formation Orebodies previously reported and
include the following significant intercepts:17.00g/t Au over
16.20m (ETW 4.95m), 4.27g/t Au over 9.60m (ETW 4.32m),
6.28g/t Au over 15.30m (ETW
9.85m), 8.22g/t Au over 4.37m (ETW 2.24m),
and 27.13g/t Au over 8.30m (ETW
4.88m).
Definitions: ETW – estimated true
width g/t Au – grams per
tonne gold m – metres
Rodney Lamond, President and
Chief Executive Officer, Jaguar Mining commented "The results
released today are significant and include additional high-grade
intercepts from drilling focused on targeting down-plunge
extensions to the high-grade Orebody A at depth, while also
targeting extensions of Orebody C at shallower depths. Turmalina
results continue to confirm significant wide, high-grade gold
mineralization within the primary orebodies providing us with
increased confidence in the potential to add considerable mineral
resources and upgrade to mineral reserves. In addition,
infill-drilling results are impressive as they demonstrate
significant increases in the Grade-Thickness when drill spacing is
decreased to convert and upgrade mineral resources to mineral
reserves. At Pilar, the Company was successful in utilizing
directional drilling techniques underground to target the
down-plunge extension and to infill the deep drilling results
previously reported. These additional high-grade intercepts confirm
deep extensions of primary orebodies and strengthen our confidence
in delivering improved near-term production."
"We are committed to continued investment in growth exploration.
Our results to date support our belief that these are long life
assets. In particular, we are encouraged by the increasing grade
and width of drill intercepts which demonstrate the potential to
substantially increase our ounce-per-vertical-metre profile. We
look forward to reporting updated mineral resources and mineral
reserves in March 2018 that will
reflect these excellent results."
Jon Hill, Expert Advisor, Geology
and Exploration, to the Jaguar Mining Management Committee
commented: "Exploration programs continue to deliver positive
results that have the potential to add materially to the company's
growing long-term mineral resources. Importantly, these results
demonstrate confidence in the geological models being developed by
the team. Our key focus going forward will be on converting and
upgrading added resources to reserves and refining plans to test
the next generation of growth exploration targets within Jaguars
strategic tenement portfolio."
Drill Results and Intercepts –Turmalina
Drill results reported are for the final 8 holes of a 24-hole,
7,658m drill program on Orebody A,
and 6 holes targeting Orebody C.
To date 16 holes have been completed on Orebody C representing
40% of the planned program. Results from 6 holes reported follow
the initial 4 drill holes previously reported in the press release
issued November 22, 2017. Two diamond
drill rigs are currently working to complete the remaining 26 holes
(5,559m) of this program.
Infill drilling (Appendix 3 and 4) clearly demonstrates
significant increases in the Grade-Thickness (gram-metre) when
drill spacing is decreased to convert and upgrade resource to
reserve.
Drill results reported below and in Appendices 1 and 2 have been
included in an updated geology/resource model for Orebody A. These
added resources will be included in updated resources for Turmalina
planned to be reported on in March
2018:
Orebody A
– FTS1439 intercepted 4.96g/t
Au over 19.90m (ETW 7.20m)
–
FTS1446 intercepted 4.02g/t Au over 16.10m (ETW 8.20m)
–
FTS1522 intercepted 8.34g/t Au over 6.30m (ETW 3.70m)
Orebody C
– FTS1475 intercepted 11.40g/t
Au over 2.10m (ETW 2.10m)
–
FTS1476 intercepted 7.89g/t Au over 6.25m (ETW 6.25m)
–
FTS1477 intercepted 3.56g/t Au over 5.30m (ETW 5.30m)
Please see Tables 1 and 2, Figures 1 and 2, and Appendices 1, 3
and 4 for more details.
- Orebody A drilling was undertaken from a hanging wall
development drive specifically prepared and completed for this
program on levels 10-1. This drilling was designed to intersect the
orebody between Levels 12 to 16, up to 300m vertically below the current development
(see Figures 1 and 2).
- Orebody C drilling is being undertaken from development located
on levels 5 and 8 and is targeting projected down-plunge extensions
that would initially allow access for mining from existing
infrastructure between levels 4 through 10 and below level 10 in
the medium term (see Figure 2).
- Further updates on progress along with results from the ongoing
Orebody C drilling will be released over the coming months prior to
reporting updated Mineral Resources for this orebody in the second
half of 2018.
*Reduced ETW estimates for deeper drill intercepts are a
function of sub-optimal intersection angles, which become more
acute with depth as can be seen in Figure 1.
Orebody A Drilling Summary
- Orebody A infill and grade control drilling between levels 11
and 12 confirms and enhances the wide, high grade ore shoot
targeted by ramp development, which is currently at level 11 sub
level 1. The marked increase in grades observed – once close spaced
infill drilling and channel sampling of primary ore-development has
been included in the modelling process– has been a consistent
occurrence in Orebody A. This supports confidence for potential
increases in grade, tonnage and ounces-per-vertical-metre with
depth over and above current modelling based on wide spaced first
phase growth exploration drilling.
- Results from infill drilling completed by Jaguar in the areas
contiguous and accessible from current primary ramp development are
tabulated in Appendix 3 and presented as a grade thickness (GT)
plot on Figure 1 and Appendix 4.
Orebody C Drilling Summary
- Growth exploration drilling focused on defining extensions to
Orebody C near current operations on levels 3 and 4 with two
diamond rigs in operation.
- The initial drilling below level 4 on Orebody C continues to
demonstrate the presence, orientation and continuity of this
mineralized structure with depth. The mineralized structure can be
defined, in a broad sense – based on current knowledge available
from ore development on level 3– as being part of a district scale
transcurrent/transform shear zone which is manifested and focused
within a 4–20m wide package of mineralized, variably silicified,
iron rich volcano-metasediments and graphitic schists. The
metamorphic grade is amphibolite facies. Mineralization
(disseminated, fine- grained, pyrite-arsenopyrite and pyrrhotite)
occurs in conjunction with foliation parallel mm-cm scale quartz
stringers consistently along the entire structure. Grades and
thicknesses do vary along strike according to the compartmentalized
(compressional – extensional) structural domains present along and
within the shear zone. Drilling to date has defined an overall
average plunge to mineralization with azimuth of 35º and dip of
55º.
- On levels 3 and 4 the high grade pay shoot currently being
developed and mined appears to be defined in the central area by
structural complexity that can be ascribed to an extensional - pull
apart feature which appears to be part of the overall
transcurrent/transform shear zone system that defines this
mineralized structure.
- Based on the above data and ongoing structural geological
observations, the closely spaced drilling planned will enable the
definition of discrete and consistent pay shoots defining higher
grade and wider zones of mineralization extending this orebody at
to depth. This has been previously demonstrated on levels 3 and
4.
Drill Results and Intercepts – Pilar
Pilar successfully completed an infill drill hole drilled
through a long deflection, utilizing directional drilling
techniques for the first time, underground in Brazil.
- Drilling intercepts reported below are from holes drilled
subsequent to the Company's press release issued September 22, 2017.
– PPL451 intercepted 2.51g/t Au
over 5.20m (ETW 4.10m)
–
PPL451 intercepted 17.00g/t Au over 16.20m (ETW 4.95m)
–
PPL457B intercepted 3.98g/t Au over 7.45m (ETW 6.89m)
–
PPL457B intercepted 4.27g/t Au over 9.60m (ETW 4.32m)
–
PPL457B intercepted 6.28g/t Au over 15.30m (ETW 9.85m)
–
PPL443 intercepted 8.22g/t Au over 4.37m (ETW 2.24m)
–
PPL443 intercepted 27.13g/t Au over 8.30m (ETW 4.88m)
–
PPL443 intercepted 2.44g/t Au over 7.00m (ETW 4.15m)
–
PPL443 intercepted 5.21g/t Au over 10.00m (ETW 6.71m)
- Drilling targeted mineralization associated with the principle
Banded Iron Formation Orebodies between Levels 11 through 16 up to
300 m vertically below current
development and 250 m below
previously reported resources.
- Hole PPL443 was an infill hole drilled as a long
deflection off mother hole PPL450 and utilized, for the
first time in Brazil, directional
drilling techniques in underground drilling to ensure the spatial
separation and resolution required for resource estimation and
reporting.
Please see Table 3, Figure 3 and Appendix 2 for more
details.
Qualified Person
Scientific and technical information contained in this press
release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons) (Economic
Geology - UCT), Senior Expert Advisor Geology and Exploration to
the Jaguar Mining Management Committee, who is also an employee of
Jaguar Mining Inc., and is a "qualified person" as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101").
Quality Control
Jaguar continues to use a quality-control program that includes
insertion of blanks and commercial standards in order to ensure
best practice in sampling and analysis.
HQ, NQ, and BQ size drill core is sawn in half with a diamond
saw. Samples are selected for analysis in standard intervals
according to geological characteristics such as lithology and
hydrothermal alteration. All diamond drill hole collars are
accurately surveyed using a Total Station instrument and down-hole
deviations are surveyed using non-magnetic equipment (SPT Stockholm
Precision Tools with GyroMaster™ Solid State North Seeker).
Mean grades are calculated using a variable lower grade cut-off
(generally 0.5g/t Au). No upper gold grade cut has been applied to
the data. However, the requirement for assay top cutting will be
assessed during future resource work.
Half of the sawed sample is forwarded to the analytical
laboratory for analysis while the remaining half of the core is
stored in a secure location. The drill core samples are transported
in securely sealed bags and sent for physical preparation to the
independent ALS Brazil (subsidiary of ALS Global) laboratory
located in Vespasiano, Minas Gerais, Brazil. The analysis is conducted at ALS
Global's respective facilities (fire assay is conducted by ALS
Global in Lima, Peru, and
multi-elementary analysis is conducted by ALS Global in
Vancouver, Canada). ALS has
accreditation in a global management system that meets all
requirements of international standards ISO/IEC 17025:2005 and ISO
9001:2015. All major ALS geochemistry analytical laboratories are
accredited to ISO/IEC 17025:2005 for specific analytical
procedures.
For a complete description of Jaguar's sample preparation,
analytical methods and QA/QC procedures, please refer to 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.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration
dating back to the 16th century. The discovery in 1699-1701 of gold
contaminated with iron and platinum-group metals in the
southeastern corner of the Iron Quadrangle gave rise to the name of
the town Ouro Preto (Black Gold).
The Iron Quadrangle contains world-class multi-million ounce gold
deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar Mining
is the second largest operating gold company tenement holder in the
Iron Quadrangle, holding just over 25,000 hectares.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining,
development, and exploration company operating in Brazil with three gold mining complexes, and a
large land package with significant upside exploration potential
from mineral claims covering an area of approximately 64,000
hectares. The Company's principal operating assets are located in
the Iron Quadrangle, a prolific greenstone belt in the state of
Minas Gerais and include the Turmalina Gold Mine Complex and Caeté
Gold Mine Complex. The Company also owns the Paciência Gold Mine
Complex, which has been on care and maintenance since 2012.
Additional information is available on the Company's website at
www.jaguarmining.com.
Forward-Looking Statements
Certain statements in this news release constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking statements and
information are provided for the purpose of providing information
about management's expectations and plans relating to the future.
All of the forward-looking information set forth in this news
release is qualified by the cautionary statements below and those
made in our other filings with the securities regulators in
Canada. Forward-looking
information contained in forward-looking statements can be
identified by the use of words such as "are expected," "is
forecast," "is targeted," "approximately," "plans," "anticipates,"
"projects," "continue," "estimate," "believe," or variations of
such words and phrases or statements that certain actions, events
or results "may," "could," "would," "might," or "will" be taken,
occur or be achieved. All statements, other than statements of
historical fact, may be considered to be or include forward-looking
information. These forward-looking statements are made as of the
date of this news release and the dates of technical reports, as
applicable. This news release contains forward-looking information
regarding potential and, among other things, expected future
mineral resources, potential mineral production opportunities,
geological and mineral exploration statistics, ore grades, current
and expected future assay results, and
definition/delineation/exploration drilling at the Pilar Gold Mine
and the Turmalina Gold Mine in Brazil, as well as forward-looking information
regarding costs of production, capital expenditures, costs and
timing of the development of projects and new deposits, success of
exploration, development and mining activities, capital
requirements, project studies, mine life extensions, and continuous
improvement initiatives. The Company has made numerous assumptions
with respect to forward-looking information contained herein,
including, among other things, assumptions about the estimated
timeline and for the development of the drill program at the Pilar
Gold Mine (and its expanded exploration footprint) and the
Turmalina Gold Mine; its mineral properties; the supply and demand
for, and the level and volatility of the price of, gold; the
accuracy of reserve and resource estimates and the assumptions on
which the reserve and resource estimates are based; the receipt of
necessary permits; market competition; ongoing relations with
employees and impacted communities; and political and legal
developments in any jurisdiction in which the Company operates
being consistent with its current expectations including, without
limitation, the impact of any potential power rationing, tailings
facility regulation, exploration and mine operating licenses and
permits being obtained and renewed and/or there being adverse
amendments to mining or other laws in Brazil and any changes to general business and
economic conditions. Forward-looking information involves a number
of known and unknown risks and uncertainties, including among
others: the risk of Jaguar not meeting its plans regarding its
operations and financial performance; uncertainties with respect to
the price of gold, labor disruptions, mechanical failures, increase
in costs, environmental compliance and change in environmental
legislation and regulation, weather delays and increased costs or
production delays due to natural disasters, power disruptions,
procurement and delivery of parts and supplies to the operations;
uncertainties inherent to capital markets in general (including the
sometimes volatile valuation of securities and an uncertain ability
to raise new capital) and other risks inherent to the gold
exploration, development and production industry, which, if
incorrect, may cause actual results to differ materially from those
anticipated by the Company and described herein. In addition, there
are risks and hazards associated with the business of gold
exploration, development, mining and production, including without
limitation environmental hazards, tailings dam failures, industrial
accidents and workplace safety problems, unusual or unexpected
geological formations, pressures, cave-ins, flooding, chemical
spills, and gold bullion thefts and losses (and the risk of
inadequate insurance, or the inability to obtain insurance, to
cover these risks). Although we have attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information.
Table 1
Tabulation of the results from the final eight growth
exploration holes targeting Orebody A. Hole location data is
tabulated in Appendices 1 and 2.
Please note assay results reported were analyzed at ALS.
Turmalina Gold
Mine
Drill Results
Orebody A Growth Exploration
|
Hole
ID
|
From
|
To
|
Downhole Interval
(m)
|
Estimated True
Width (m)
|
Gold
Grade (g/t)
|
GT
(ETW)
|
FTS1438
|
322,9
|
336.80
|
13.90
|
6.50
|
2.74
|
17.82
|
FTS1439
|
334
|
353.90
|
19.90
|
7.20
|
4.96
|
35.71
|
FTS1446
|
268.55
|
284.65
|
16.10
|
8.20
|
4.02
|
32.95
|
FTS1447
|
315.8
|
322.05
|
6.25
|
2.70
|
0.17
|
0.46
|
FTS1448
|
232.25
|
236.30
|
4.05
|
2.00
|
2.27
|
4.54
|
242.25
|
248.95
|
6.70
|
3.00
|
2.59
|
7.77
|
261.8
|
270.35
|
8.55
|
3.30
|
2.57
|
8.48
|
FTS1508
|
287.75
|
297.90
|
10.15
|
4.40
|
0.73
|
3.23
|
FTS1521
|
344.2
|
352.80
|
8.60
|
2.50
|
0.41
|
1.02
|
FTS1522
|
287.35
|
293.65
|
6.30
|
3.70
|
8.34
|
30.86
|
Table 2
Tabulation of drilling results received to date from the Orebody
C Growth Exploration Program.
Please note assay results reported were analyzed at ALS.
Turmalina Gold
Mine
Drill Results from
Orebody C Growth Exploration
|
Hole
ID
|
From
(m)
|
To
(m)
|
Downhole Interval
(m)
|
Estimated True
Width (m)
|
Gold
Grade
(g/t)
|
GT
(ETW)
|
FTS1474
|
195.1
|
200.65
|
5.55
|
5.55
|
1.94
|
10.76
|
FTS1475
|
181.55
|
183.65
|
2.10
|
2.10
|
11.40
|
23.94
|
FTS1476
|
179.7
|
185.95
|
6.25
|
6.25
|
7.89
|
49.32
|
FTS1477
|
170.9
|
176.20
|
5.30
|
5.30
|
3.56
|
18.84
|
FTS1478
|
178.6
|
181.80
|
3.20
|
3.20
|
1.26
|
4.03
|
FTS1479
|
175.9
|
178.10
|
2.20
|
2.20
|
1.91
|
4.19
|
Table 3
Tabulation of drilling results from the Pilar Growth Exploration
Program. Please note assay results reported were analyzed at
ALS.
Pilar Gold
Mine
Drill Results
|
Hole
ID
|
From
(m)
|
To
(m)
|
DownHoleInterval
(m)
|
EstimatedTrueWidth
(m)
|
Gold
Grade
(g/t
Au)
|
GT
(ETW)
|
PPL451
|
290.00
|
295.20
|
5.20
|
4.10
|
2.51
|
10.29
|
325.70
|
341.90
|
16.20
|
4.95
|
17.00
|
84.15
|
PPL457B
|
50.70
|
58.65
|
7.95
|
6.61
|
3.97
|
26.24
|
90.50
|
97.95
|
7.45
|
6.89
|
3.98
|
27.42
|
107.40
|
110.00
|
2.60
|
2.42
|
4.68
|
11.33
|
164.90
|
169.00
|
4.10
|
3.17
|
3.86
|
12.24
|
174.30
|
180.90
|
6.60
|
4.45
|
2.24
|
9.97
|
202.90
|
212.50
|
9.60
|
4.32
|
4.27
|
18.45
|
371.20
|
386.50
|
15.30
|
9.85
|
6.28
|
61.86
|
412.55
|
413.90
|
1.35
|
1.14
|
9.52
|
10.85
|
PPL443
|
168.77
|
173.14
|
4.37
|
2.24
|
8.22
|
18.41
|
232.70
|
241.00
|
8.30
|
4.88
|
27.13
|
132.39
|
293.00
|
300.00
|
7.00
|
4.15
|
2.44
|
10.13
|
|
391.00
|
401.00
|
10.00
|
6.71
|
5.21
|
34.96
|
Figure 1
Figure 1 shows the location of growth exploration diamond drill
holes reported to date relative to the current mine infrastructure
and the projected down-plunge position of Orebody A. The ongoing
program is targeting mineralization between Levels 11 through 16 on
Orebody A up to 300 m vertically
below current development. Grade thickness (GT) contours based on
drilling results received to date and representative horizontal
sections showing the positions of reported drill intersections
relative to the projected orebody wireframe positions are also
presented (see Figure 2).
Figure 2
Figure 2 shows the location of growth exploration diamond drill
holes reported relative to the current mine infrastructure and the
projected down-plunge position of Orebody C. The program targeted
mineralization between levels 4 through 9 on Orebody Cup to
300 m vertically below current
development. Grade thickness (GT) contours are indicative only and
based on the limited drilling results received (10 holes from a
planned 40-hole growth exploration program), as well as historical
drilling from operational areas on levels 3 and 4.
Figure 3
Figure showing the location and results of a further three
growth exploration diamond drill holes relative to previously
reported holes (see press releases from August and September 2017), current mine infrastructure and
the projected down-plunge position of the principal Pilar
Orebodies. The program targeted mineralization between levels 11
through 16, up to 350 m vertically
below current development and 250 m
below the current Inferred Resource limits. Please note hole PPL443
was a long deflection infill hole drilled off mother hole PPL450;
see insert showing deflection-mother hole separation distance.
Appendix 1
Drill hole location data for holes reported in this press
release for Orebodies A and Orebody C.
Hole
ID
|
Easting
(m)
|
Northing
(m)
|
Elevation
(m)
|
Total Depth
(m)
|
Collar Azimuth
(°)
|
Collar Dip
(°)
|
Date
|
Orebody
|
FTS1438
|
513603.44
|
7817443.86
|
-70.12
|
410.90
|
70.81
|
-65.89
|
20/11/2017
|
Orebody A
|
FTS1439
|
513603.27
|
7817444.18
|
-70.08
|
400.05
|
59.43
|
-67.07
|
04/12/2017
|
Orebody A
|
FTS1446
|
513627.21
|
7817437.54
|
-69.63
|
304.50
|
51.38
|
-71.70
|
13/11/2017
|
Orebody A
|
FTS1447
|
513626.68
|
7817438.13
|
-69.58
|
389.95
|
24.75
|
-71.16
|
24/11/2017
|
Orebody A
|
FTS1448
|
513627.67
|
7817437.01
|
-69.61
|
350.80
|
77.73
|
-66.45
|
12/12/2017
|
Orebody A
|
FTS1508
|
513626.99
|
7817437.78
|
-69.61
|
320.00
|
42.41
|
-73.71
|
21/12/2017
|
Orebody A
|
FTS1521
|
513603.01
|
7817444.24
|
-70.07
|
380.05
|
51.41
|
-70.03
|
27/12/2017
|
Orebody A
|
FTS1522
|
513603.33
|
7817443.73
|
-70.03
|
380.85
|
74.20
|
-65.89
|
16/01/2018
|
Orebody A
|
FTS1474
|
513304.44
|
7817190.69
|
64.66
|
311.45
|
257.50
|
2.58
|
09/11/2017
|
Orebody C
|
FTS1475
|
513305.07
|
7817190.31
|
63.67
|
238.00
|
249.03
|
-16.84
|
14/11/2017
|
Orebody C
|
FTS1476
|
513130.87
|
7817113.85
|
341.13
|
232.00
|
225.03
|
-13.45
|
12/11/2017
|
Orebody C
|
FTS1477
|
513131.25
|
7817113.57
|
340.47
|
210.25
|
215.03
|
-36.38
|
27/11/2017
|
Orebody C
|
FTS1478
|
513131.31
|
7817114.08
|
340.15
|
240.00
|
222.73
|
-55.86
|
05/12/2017
|
Orebody C
|
FTS1479
|
513130.95
|
7817114.64
|
340.17
|
220.20
|
231.31
|
-40.36
|
12/01/2018
|
Orebody C
|
Appendix 2
Tabulation of drill hole location data for the threeholes
reported from the Pilar Growth Exploration Program.
Hole
ID
|
Easting
(m)
|
Northing
(m)
|
Elevation
(m)
|
Total Depth
(m)
|
CollarAzimuth
(°)
|
CollarDip
(°)
|
Date
|
PPL451
|
662855.14
|
7788511.94
|
286.50
|
581.90
|
197.93
|
-70.51
|
6/30/2017
|
PPL457B
|
662863.48
|
7788495.56
|
287.43
|
632.90
|
177.24
|
-68.76
|
11/09/207
|
PPL443
|
662855.38
|
7788511.76
|
286.53
|
682.95
|
187.81
|
-62.45
|
12/13/2017
|
Appendix 3
Turmalina infill drill hole data used (in part) to prepare the
grade thickness (GT) plots for Orebody A presented in Figure 1 and
Appendix 4. Importantly these results clearly demonstrate
significant grade and Grade thickness increases consistently seen
at Turmalina when drill spacing is decreased to convert resource to
reserve. Higher grades delineated by this drilling are close to
being accessed by ongoing ramp development on level 11 sublevel
1.
Please note assay results reported in the tabulation below were
analyzed at Jaguar's Caeté Laboratory.
Turmalina Gold
Mine
Infill
Resource-Reserve Conversion Drill Results Orebody
A
|
Hole
ID
|
From
(m)
|
To
(m)
|
Downhole Interval
(m)
|
Estimated True
Width (m)
|
Gold
Grade
(g/t)
|
GT
(ETW)
|
FTS1381
|
92.17
|
107.22
|
15.05
|
6.80
|
3.98
|
27.07
|
FTS1381
|
111.89
|
142.53
|
30.64
|
14.50
|
7.46
|
108.23
|
FTS1401
|
109.70
|
149.70
|
40.00
|
12.20
|
6.67
|
81.33
|
FTS1402
|
156.05
|
158.92
|
2.87
|
2.50
|
18.88
|
47.20
|
FTS1415
|
84.05
|
90.90
|
6.85
|
2.00
|
4.69
|
9.38
|
FTS1415
|
131.00
|
171.75
|
40.75
|
14.80
|
4.84
|
71.57
|
FTS1416
|
124.65
|
143.55
|
18.90
|
7.70
|
20.56
|
158.34
|
FTS1451
|
74.35
|
107.75
|
33.40
|
14.00
|
3.12
|
43.62
|
FTS1454
|
96.15
|
108.45
|
12.30
|
7.30
|
11.00
|
80.30
|
FTS1455
|
53.63
|
67.38
|
13.75
|
3.80
|
1.87
|
7.12
|
FTS1455
|
94.59
|
98.37
|
3.78
|
3.30
|
8.59
|
28.34
|
FTS1458
|
101.62
|
115.65
|
14.03
|
8.20
|
14.89
|
122.11
|
FTS1459
|
84.66
|
96.80
|
12.14
|
4.00
|
2.84
|
11.34
|
FTS1459
|
106.32
|
128.46
|
22.14
|
13.10
|
7.57
|
99.10
|
FTS1460
|
61.54
|
72.41
|
10.87
|
4.60
|
3.40
|
15.66
|
FTS1462
|
89.46
|
102.75
|
13.29
|
7.60
|
14.66
|
111.45
|
FTS1463
|
87.35
|
107.20
|
19.85
|
12.20
|
5.39
|
65.77
|
FTS1464
|
59.56
|
67.10
|
7.54
|
2.90
|
17.61
|
51.07
|
FTS1466
|
59.80
|
77.90
|
18.10
|
3.80
|
3.58
|
13.60
|
FTS1466
|
104.22
|
124.09
|
19.87
|
12.10
|
6.90
|
83.46
|
FTS1467
|
96.52
|
112.82
|
16.30
|
7.10
|
3.41
|
24.20
|
FTS1467
|
125.59
|
152.63
|
27.04
|
12.30
|
3.44
|
42.28
|
FTS1503
|
46.65
|
58.09
|
11.44
|
4.60
|
4.69
|
21.58
|
FTS1503
|
140.06
|
142.33
|
2.27
|
2.00
|
22.17
|
44.34
|
Appendix 4
Grade thickness (GT) plots for Orebody A presented in Figure 1
showing area of infill resource-reserve conversion drilling close
to current ramp development on level 11 sublevel 1. Please refer to
Appendix 3, which demonstrates significant grade and GT increases
consistently achieved at Turmalina when close spaced drilling is
completed and mineralization is access by development. Note high
proportion of intersections with grade x thickness (GT) >
50.
Please note assay results reported in the diagram below were
analyzed at Jaguar´s Caeté Laboratory.
SOURCE Jaguar Mining Inc.