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Drill Results

Jaguar Mining releases five-year exploration plan

By The Northwire Desk — AI Analysis Sep 08, 2025 · 16:10 JAG · 5.25 Jaguar Mining Inc.
JAG · Price

Executive Summary

  • Jaguar Mining announced a five‑year (2026‑2030) exploration program covering its entire 46,619 ha Brazilian land package, targeting an estimated gold endowment of 4–7 million ounces.
  • The plan calls for ~222,000 m of drilling, with project‑specific targets such as 6,175 m at the Chame complex (upside 325k‑520k oz) and 11,000 m at the Pontal project (upside 134k‑400k oz).
  • Execution will be driven by systematic geological mapping, geochemical surveys, extensive drilling, and strict environmental licensing to convert inferred resources into defined reserves and support future production growth.

Key Details

  • Scope: All 46,619 ha of Jaguar’s mineral rights in Brazil’s Iron Quadrangle.
  • Gold Endowment Target: 4–7 million ounces across the tenements.
  • Total Drilling Planned: ~222,000 metres between 2026‑2030.
  • Project‑Specific drilling allocations:
  • Paciencia Complex – Chame: 6,175 m (2025 start) → upside 325k‑520k oz; includes testing deep extensions at Santa Isabel, Marzagão (underground), Bahu and BIF North.
  • Caeté Complex – Roca Grande: Focus on Boa Vista, Morro da Mina, plus reconnaissance at Sabará extension, Lavra Velha, Ze Firme.
  • MTL Complex – Pontal: ~11,000 m → upside 134k‑400k oz.
  • Onça de Pitangui: Infill drilling and exploration at Aparição, Caldas, Taboca.
  • Exploration Methodology: Integrated geological mapping, geochemical surveys, geophysical work, and extensive drilling to maximize discovery probability and resource upgrades.
  • Environmental Compliance: All activities will adhere to Brazilian environmental regulations, including simplified licensing (LAS) and full Environmental Impact Assessments (EIA).
  • Team & Technology: Experienced exploration team led by Exploration Manager Armando Massucatto, supported by advanced data integration systems and modern drilling techniques.
  • Strategic Objective: Convert inferred resources into defined reserves, underpinning a sustainable production pipeline and positioning Jaguar as a leading gold producer in the Iron Quadrangle.

Notable Quotes

“This plan reflects our commitment to systematically assess the significant geological potential within our portfolio… supporting a sustainable production growth pipeline.” – Luis Albano Tondo, CEO

“Our approach was developed using geological, geochemical and geophysical mapping data compiled and ranked over recent years… will strengthen our position in Brazil’s exploration landscape.” – Armando Massucatto, Exploration Manager

Read the original news release →

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