Jaguar Mining Accesses New High-Grade Mineralized Zone in Ba-Torre Structure

About this update from Jaguar Mining Inc.

Jaguar Mining Accesses New High-Grade Mineralized Zone in Ba-Torre StructureDevelopment Intersects Mineralization Along Continuous Strike of >130M With Best Individual Channels Grading20.2 g/t Au over an estimated true channel width of 9.6m21.0 g/t Au over an estimated true channel width of 7.0m23.2 g/t Au over an estimated true channel width of 5.6mTORONTO, ON / ACCESSWIRE / February 28, 2024 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG)(OTCQX:JAGGF) is pleased to announce that exploration access development on the level 15.2 elevation in the BA-Torre structure of its Pilar mine in Brazil has intersected and confirmed extensive high-grade mineralization, previously intersected in exploration diamond drill holes announced in the first half of 2023.Jaguar believes that this area could positively affect the Pilar mine's future production capacity.Vern Baker, President and CEO of Jaguar Mining stated "Based on follow-up exploration work conducted through the second half of 2023 and to date, we believe that we have identified a new mining horizon at Pilar, with the BA-Torre structure showing significant continuity of higher-grading mineralized material, which extends below and above level-15 elevation. This area has the potential to be a game changer for the Pilar mine. We are showing an area with numerous drill holes and development on one horizontal level. This area is quite interesting for its potential, which we are eager to quantify as we develop official resources or reserves."In early 2023, Jaguar reported (see Press Release dated February 21, 2023) a high-grade diamond drilling intercept in hole PPL850 on the BA-Torre structure grading 42.35 g/t Au (uncut) over an estimated true width of 3.2m within a broader zone grading 20.93 g/t Au over an estimated true width of 10.0m on the level 16 elevation (-200m AMSL). A subsequent follow-up diamond drill hole PPL1011B was completed in the second quarter of 2023 targeting the up-plunge projection of the hole-PPL850 intersection on level 15 elevation (the level with closest development). This second hole also intersected strong mineralization grading 6.86 g/t over an estimated true width of 10.5m, including 14.45 g/t Au over an estimated true width of 3.5m. Access development was initiated in the third quarter of 2023 to intercept the impact location of hole PPL 1011B. This development drift tr...

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