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Jaguar Mining Provides Positive Results from Its 2023 Exploration Program
Highlights Include: High-grade diamond drilling intercept of 16.69 g/t Au over a true width ...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Provides Positive Results from Its 2023 Exploration ProgramHighlights Include:High-grade diamond drilling intercept of 16.69 g/t Au over a true width of 4.8m at CarrancasHigh-grade trench (up to 8.89 g/t Au over 10.4m) and outcrop rock-chip sampling program (up to 21.9 g/t Au) defines 3km mineralized strike along the Rio do Peixe trend close to the Paciência ComplexStrong (>100ppb Au) gold in-soil anomaly extends mineralization trend 4km southwards at Paciência Complex.TORONTO, ON / ACCESSWIRE / March 4, 2024 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG)(OTCQX:JAGGF) is pleased to announce positive results from exploration activities completed during 2023 over three new target trends across the Company's extensive tenement portfolio, located in the Iron Quadrangle in the state of Minas Gerais, Brazil.During 2023, in parallel with its in-mine exploration activities, the Company continued to advance generative and phase-one exploration programs over areas identified as high priority targets. These targets are strategically important as they are the pipeline of high potential exploration projects in Jaguar's extensive tenement package. The package, which is 56,000 Ha includes tenements attributed to its 2023 acquisition of IAMGOLD's Brazilian assets.The majority of work completed focused on initial reconnaissance drill testing of the Carancas target within the Rocinha - Carrancas - Carneiro trend close to the Company's Caeté complex. Outcrop and trench sampling at various targets along the Rio do Peixe trend and soil sampling targeting previously untested southern extensions to the mineralized Paciência trend from the currently closed Santa Isabel mine southwards to the tenement limit.Jon Hill, VP Exploration and Geology at Jaguar Mining stated: \"Exploring a pipeline of high potential targets within our exploration portfolio is a fundamental part of the Company´s long term strategy. This past year was a breakthrough year for us as we reported initial Mineral Reserves at our Faina project, reported a material increase in Mineral Resource inventories booked through the acquisition of IAMGOLD's Brazilian assets, and advanced a new high grade mineralized zone on the BA structure at our Pilar mine. Our ability to continually generate and progress high quality priority targets a...