Business
Jaguar Mining Announces High Grade Drilling Intercepts at Pilar Mine and Catita Target New Growth Opportunities Added
Drilling Highlights include (over estimated true width): 20.93 g/t Au over 10.0m including 4...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Announces High Grade Drilling Intercepts at Pilar Mine and Catita Target New Growth Opportunities AddedDrilling Highlights include (over estimated true width):20.93 g/t Au over 10.0m including 42.3 g/t Au over 3.2m in BA Structure24.01 g/t Au over 5.0m in LPA Structure9.72 g/t Au over 9.0m in SW Structure9.51 g/t Au over 5.9m* including 15.24 g/t Au over 3.2m at Catita Target* (Drilled width - true width unknown)TORONTO, ON / ACCESSWIRE / February 21, 2023 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) is pleased to announce positive results from recent in-mine diamond drilling at its Pilar mine complex and exploration drilling at its Catita target, located in the Iron Quadrangle in the state of Minas Gerais, Brazil.In the fourth quarter of 2022, the Company successfully advanced several high priority diamond drill campaigns focused on identifying or extending high grade mineralization at its Pilar mine. This diamond drilling focused on various new targets including holes testing the projected fold hinge within the BA - TORRE structure, the LPA structure, and extensions of a higher grade mineralized trend within the SW structure (press release dated September 13, 2022). Results from this recent drilling at Pilar has been particularly encouraging with a number of exceptional intersections reporting grade x thickness (GT) intervals greater than 100-gram meters on the BA - Torre and LPA structures on level 16. These intercepts again demonstrate potential down plunge extensions within these structures. The identification of down plunge potential within the BA structure is of particular importance given that this structure was the main historically producing ore zone at Pilar mine at shallower levels. (refer to Table 1 and Figures 1 and 2)The Company will publish updated Mineral Reserves and Mineral Resources along with its AIF in March 2023.At Jaguar´s Catita Project diamond drilling is targeting potential mineralized extensions to the previously mined Catita open pit. Catita is part of the emerging Córrego Brandão - Catita Mineralized Trend 5km from the Company's CCA plant at Caete. The high-grade intercept reported here provides support for additional exploration focus on this target in 2023.Vern Baker, President, and CEO of Jaguar Mining stated: \"The results reported toda...