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Jaguar Mining Provides Operational and Corporate Updates; Completes Turmalina and Pilar Gold Mine Technical Report Filings under NI-43-101
Jaguar Mining Provides Operational and Corporate Updates; Completes Turmalina and Pilar Go...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"\n\n\n\nJaguar Mining Provides Operational and Corporate Updates; Completes Turmalina and Pilar Gold Mine Technical Report Filings under NI-43-101\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\n\nCanada NewsWire\nTORONTO, May 28, 2019\n\n\n\nTSX: JAG \n TORONTO, May 28, 2019 /CNW/ - Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX: JAG) is pleased to report the Company has completed the filings of independent National Instrument 43-101 (\"NI 43-101\") \"Technical Reports on the Turmalina and Pilar Gold Mines, respectively, (the \"Technical Report\"). The Technical Report supports the Company's updated Mineral Reserves and Mineral Resources announced in a news release dated March 1, 2019. All Company Technical Reports are available on SEDAR (www.sedar.com). \nTurmalina Gold Mine Update\nManagement continues to advance a turnaround plan expected to return gold production to historical rates of approximately 15,000 ounces quarterly by the end of 2020. Importantly, Turmalina maintains a well-defined base of mineral reserves and mineral resources to support a sustainable, increasing gold grade and production profile. The Company continues to focus on operational execution and provided the following operational update on recent and upcoming critical milestones in process:\nTotal Mineral Reserve gold ounces increased 95% as at December 31, 2018 to 1.4 Mt at 5.05 g/t containing 228 koz, representing over four years of mine life based on a 50,000-ounce annual production rate. Following exploration success at Orebody C-Central, the Company has prioritized and initiated development in this area to provide a third mining area and additional flexibility. Orebody C-Central is expected to contribute development ore in the second half of 2019 with first stoping ore expected in Q4 2019. Orebody B Measured Mineral Resources totaled 353 kt at 3.34 g/t containing 38,000 ounces and Indicated Mineral Resources totaled 192 kt at 4.26 g/t containing 26,000 ounces at December 31, 2018. Orebody B, which is outside the current mine plan and does not have Proven and Probable Reser...