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Jaguar Intercepts High-Grade Gold Mineralization at Pilar Gold Mine; Resumes Growth Exploration Drilling at Pilar
Infill drilling results confirm model grades and thickness of main orebodies: Orebody B...
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[{"type":"text","content":"Jaguar Intercepts High-Grade Gold Mineralization at Pilar Gold Mine; Resumes Growth Exploration Drilling at PilarInfill drilling results confirm model grades and thickness of main orebodies:Orebody BF2: 10.64 g/t Au over 9.8m; Orebody BF: 9.88 g/t Au over 3.88m;Orebody BA: 6.16 g/t Au over 10.00mOver 18,000 metres of planned growth exploration drillingTORONTO, ON / ACCESSWIRE / February 12, 2020 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG) is pleased to announce results of its 2019 Infill diamond drilling campaign and the resumption of growth exploration drilling activities at its Pilar Mine Operation (\"Pilar\").Infill Drilling completed in 2019 confirms expected modelled grade and thickness of the main and subsidiary Pilar Banded Iron Formation (\"BIF\") Orebodies which are the source of current production. This drilling is expected to support replacement of Mineral Reserves net of 2019 production depletion.Definitions: ETW - estimated true width, g/t Au - grams per tonne gold, m - metres, grade (g/t Au) x thickness (m) = GM (gram - metres).At Pilar, 26 infill drilling intersections have grade (g/t Au) x thickness (m) results > 25 gram metres (GM) with the best results from Orebody BF2, reporting 10.64 g/t Au over 9.8m, Orebody BF, reporting 9.88 g/t Au over 3.88m and Orebody BA reporting 6.16 g/t Au over 10.00m. (see Table 1, Figure 1 and Appendix 1 and 2). The 2019 infill drilling program completed 14,300 metres.Geological mapping of development, especially at the lower levels of the mine has allowed a greater appreciation and understanding of the complex, structural fold geometries which are prominent features of the BIF hosted mineralization. Updated schematics derived from ongoing geological mapping activities and current structural interpretation are presented in Figure 2.Contractor, Major Drilling, have mobilized an underground diamond rig dedicated to growth exploration at Pilar through 2020. This drilling (18,600 metres) will focus on further delineation of depth and lateral extensions to the currently exploited and known mineralized BIF packages (BF, BF2, BF3 and BA orebodies) as well as the more recently identified SW, Sao Jorge and Torre mineralization packages (see Press Release dated June 4, 2019). The location of targeted 2020 infill and growth exploration drilling (9,000 metres) is presente...