Jaguar Mining Reports on Ongoing Exploration Drilling at the BA Zone of the Pilar Gold Mine, Brazil
Jaguar Mining solidifies Pilar’s high-grade depth potential as it clears the runway for a multi-asset production restart in 2026.
The most recent news (March 02, 2026) reports results from a 9,493-meter drilling campaign at the BA Zone of the Pilar Gold Mine. Key intercepts include 4.50m @ 26.20 g/t Au and 2.50m @ 12.05 g/t Au. These results confirm the down-plunge continuity of the high-grade orebody at depth. Furthermore, the company is finalizing a new resource estimate for the BA Zone (expected Q1 2026) and has scheduled a 5,000-meter directional drilling campaign to commence in Q2 2026 to further expand the zone.
The impact is Routine - Positive. While the grades are high, they are consistent with the company’s previously stated geological model and the "Strategic 5,000-Meter Directional Drilling Program" announced in November 2025. - Operational Continuity: The results validate management's claim that the BA Zone will be a primary production driver, potentially accounting for 50% of Pilar's output. - Resource Growth: Confirming continuity at depth supports the long-term Life of Mine (LOM) extensions, which is critical as the company transitions back to a multi-mine producer. - Predictability: The drilling aligns with the "Five-Year Exploration Plan" (Sept 2024), showing that management is executing on its technical milestones.
Jaguar Mining is a junior/mid-tier gold producer focused on the Iron Quadrangle in Brazil. - Flagship Project: The Pilar Gold Mine (part of the Caeté Complex) is currently the sole producing asset. It is an underground mine characterized by high-grade BIF-hosted mineralization. - Secondary Asset: The MTL Complex (Turmalina Mine) is currently in the final stages of a restart plan following a tailings slump in late 2024. - Growth Project: Onças de Pitangui is a development-stage project expected to contribute 42 koz/year starting in H2 2027.