Jaguar Announces Major Growth Exploration Initiative Focusing on Brownfield Exploration Pipeline and Mine Life Extension - Seite 3

Approximately 3,500 m of surface diamond drilling on the Pacheca Target is planned. The Pacheca target is located three km NE of the Pilar mine and is characterized by a series of extensive open pit excavations made by Portuguese explorers during the 18th century. Similarly hosted in the Banded Iron Formation (BIF) encompassing most of the Iron Quadrangle, the Pacheca target is strongly delineated by soil Au geochemistry.

Surface diamond drilling on the Cubas Target of approximately 2,500 m is planned. The Cubas Target is identified by a number of deep IP anomalies situated on the southern continuity of the shear zone, which hosts the main Pilar ore bodies.

Roça Grande (RG) Gold Mine

During 2016, the Company undertook a compilation program of the available surface information. In light of the revised geological model, a review of the diamond drill-hole information will be carried out to consolidate the geological model. Soil geochemistry and a total of 1,750 m of drilling follow-up is expected to test the ore bodies' open continuities.

The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration for centuries, dating back to the 16th century. The discovery in 1699-1701 of black 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 holds the second largest gold land position in the Iron Quadrangle with 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 191,000 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 ("Mineração Turmalina Ltda" or "MTL") and Caeté Gold Mine Complex ("Mineracao Serras do OesteLtda" or "MSOL") which combined produce more than 90,000 ounces of gold annually. 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.