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Jaguar Mining expands land position; strategic mineral tenure staking increases concession block by 79% at Pilar Gold Mine, Brazil
Jaguar Mining expands land position; strategic mineral tenure staking increases concession...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"\n\n\n\nJaguar Mining expands land position; strategic mineral tenure staking increases concession block by 79% at Pilar Gold Mine, Brazil\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nJaguar Mining expands land position; strategic mineral tenure staking increases concession block by 79% at Pilar Gold Mine, Brazil\nCanada NewsWire\nTORONTO, March 23, 2016\n\n\n\n\n\n\nTSX-V: JAG\n\n\n\nTORONTO, March 23, 2016 /CNW/ - Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX-V: JAG) is pleased to announce it has acquired a new, highly strategic Mineral Exploration License area adjacent to its 100% owned Pilar Mining Concession Block (\"Pilar Concession\" or the \"Concession\") where the Company is currently producing gold from its Pilar Gold Mine (\"Pilar\" or \"Pilar Mine\") in Brazil.   \n\nHighlights \n\n\nA new concession, totalling 1,237 hectares, expands the Company's existing Pilar Concession by 79% by adding to the previous staked area of 1,561 hectares. The new concession is located in a prospective position adjacent to the Pilar Concession and contains high priority gold exploration targets on the Pilar Mine orebodies. \nThe new concession, adjacent to the northeast portion of the Pilar Concession, ensures the security of the down-plunge continuity of the high priority Pacheca gold target and the Cubas gold target which is located in the immediate southern continuity of the Pilar Mine (see Figures #1 and #2). \nThe expanded land position adds significant value to the current Concession as it is proximal to Córrego do Sítio I and Córrego do Sítio II (Sao Bento) AngloGold Ashanti's multi-million ounce gold deposits in the Iron Quadrangle in Minas Gerais. \nFollowing the successful exploration results and a significant increase in Mineral Reserves and Mineral Resources previously announced at Pilar Mine (refer to the Company's news release dated March 4, 2016), new exploration programs on the Pacheca and Cubas gold targets are expected to potentially extend the current Pilar Mine Mineral Resource laterally.\n\nRodney Lamond, ...