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Jaguar Mining Inc. Embarks on Strategic 5,000-Meter Directional Drilling Program at Pilar Mine in 2026, Targeting Discovery of Over 500,000 Ounces of New Gold Endowment
TORONTO, ON / ACCESS Newswire / November 3, 2025 / Jaguar Mining Inc. ("Jaguar" or the "Compa...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Inc. Embarks on Strategic 5,000-Meter Directional Drilling Program at Pilar Mine in 2026, Targeting Discovery of Over 500,000 Ounces of New Gold EndowmentTORONTO, ON / ACCESS Newswire / November 3, 2025 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) is pleased to announce plans to conduct a comprehensive 5,000-meter directional diamond drilling program at its high-potential Pilar Mine in 2026. This strategic initiative builds on the exceptional high-grade gold intercepts recently reported from the BA Zone, at Pilar, and aims to significantly expand the known mineralization at depth, unlocking substantial new gold resources. The program is designed with an ambitious goal of investigating and defining a projected endowment of over 500,000 ounces of gold.This announcement follows the Company's successful exploration update (see press release dated August 5, 2025), which highlighted robust results from the BA Zone and underscored the strong geological and structural continuity of the mineralization at depth. The planned drilling represents a natural and aggressive progression of the Company's exploration efforts, strategically focused on confirming and extending this continuity even further down-plunge across multiple key orebodies within the Pilar Mine.Luis Albano Tondo, Chief Executive Officer of Jaguar, commented: \"The recent achievements at the BA Zone have provided compelling evidence of the enduring quality and depth of our Pilar asset. This new directional drilling campaign is a concrete step toward realizing that potential. We are not just exploring; we are systematically targeting the deep extensions of proven high-grade zones. Our objective is clear, to identify and define over half a million ounces of gold, which would represent a transformative addition to our mineral resource base and significantly extend the life-of-mine at Pilar. This initiative reflects our confidence in Pilar's future and our commitment to unlocking its full potential for our stakeholders.\"UNLOCKING DOWN-PLUNGE POTENTIAL AT PILARThe term \"down-plunge continuity\" is central to this program. In simpler terms, it refers to the expectation that the gold-bearing ore zones, which have already delivered strong results closer to the surface, continue consistently deeper within the deposit, maintaining or even i...