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Jaguar Mining Reports Confirmed Continuity of Mineralization at Pilar Gold Mine - Life of Mine Extension Drilling to Follow
Drilling Highlights include: 104.72* g/t Au over an estimated true width of 2.8m 1...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"Jaguar Mining Reports Confirmed Continuity of Mineralization at Pilar Gold Mine - Life of Mine Extension Drilling to FollowDrilling Highlights include:104.72* g/t Au over an estimated true width of 2.8m15.77 g/t Au over an estimated true width of 3.2m9.53 g/t Au over an estimated true width of 7.5m(*uncut)TORONTO, ON / ACCESSWIRE / September 13, 2022 / Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG; OTCQX:JAGGF) is pleased to announce results from recent in-mine diamond drilling and plans for deep drilling which will target additional Life of Mine Mineral Reserves and Mineral Resources at its Pilar Mine Complex, located in the Iron Quadrangle in the state of Minas Gerais, Brazil.In-mine diamond drilling at Pilar in 2022 has targeted extensions to the mine´s principle and subordinate mineralized structures which are accessible from current mine development throughout the mine, and importantly, down plunge extensions to depth beyond current production areas below level 13. Drilling at shallow levels is aimed at adding production areas while deeper drilling is primarily aimed at adding to the Life of Mine and will inform long-term capital planning.Drill intersections show results consistent with the mine´s current published Mineral Reserve and Mineral Resource in terms of both grade and width and include several important intersections with a grade x thickness (GT) greater than 20 (please refer to Table 1 and Figure 1). Mining development and drilling in the lowermost levels of the mine continue to demonstrate consistency in the ounces per vertical metre profile of > 2000 Oz/ Vm and in the case of Level 15 show an increase in Oz/Vm to around 2500 Oz/Vm.A directional drilling program is planned to start in Q3 2022 which will target the projected depth extensions located down plunge of the principle mineralized structures. Drilling will target mineralization below level 17 down to level 25, representing a vertical interval of approximately 400m.Vern Baker, President, and CEO of Jaguar Mining stated: \"Drilling and development at Pilar Mine has validated our expectation of continuing economic mineralization at depth. Our drilling on level 15 (currently being developed) has indicated that the ounce per vertical meter mineral resource has increased in comparison to the level 12 mineral resource. This and good i...