Jaguar Announces Major Growth Exploration Initiative Focusing on Brownfield Exploration Pipeline and Mine Life Extension - Seite 2

Growth Exploration Highlights

• Major growth capital investment primarily focused on increasing mineral resources at its core assets, and discovery of new resources near existing infrastructure at its operating mines.
• Expanded growth exploration program includes approximately 31,000 metres ("m") of diamond drilling, including approximately 15,000 m deep down-plunge continuities of the ore bodies A and C at Turmalina and BFII and BF at the Pilar Gold Mine.
• 8,500 m of surface diamond drilling will be dedicated to test the high priority Pacheca and Cubas targets in the vicinities of the Pilar Gold Mine and other advanced targets.
• Exploration targets generated, as a result of extensive compilation work from previous exploration campaigns, in and around the current mine sites will be followed up by geophysical surveys and diamond drilling. Subject to the results, an additional 7,750 m of surface drilling will be dedicated to test those targets.
• Geophysics, soil geochemistry, trenching, plus prospecting and mapping will also be conducted to advance additional target areas for future drilling. Field work has already commenced at the Pacheca and Cubas targets, located near Pilar Gold Mine.

Turmalina Gold Mine

An underground drilling campaign of approximately 9,600 m will be dedicated to the test the down-plunge extension and continuity of ore bodies A and C.

Ore Body A
Deep diamond drilling of ore body A will be performed after the development of a new exploration horizon is positioned in the hanging wall of the mine. The proposed drilling is intended to reach the 12, 13 and 14 levels, up to 240 vertical m below current development and 160 m below the current inferred resources.

Ore Body C
Down-dip extension drilling of the South Eastern portion of Ore Body C is expected to generate new mineral resources that are near surface and to contribute in the near term to the Turmalina throughput profile.

IP Geophysics will test the hanging wall of Orebody C and eastern continuity of Orebody A. Following the IP work, an estimated 6,000 m surface diamond drilling program is expected to take place.

Pilar Gold Mine

An underground drilling campaign of approximately 5,100 m will be dedicated to test the down-plunge extension and continuity of ore bodies BFII, BF and BA.

Deep diamond drilling will be performed after the development of a new exploration horizon is positioned in the hanging wall of the mine. The proposed drilling is intended to reach the 12, 13 and 14 levels, up to 250 vertical metres below current development and 200 metres below the current inferred resources.