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Jaguar Mining Intercepts High-Grade Gold Mineralization at Pilar Gold Mine

Mining News - Published on Wed, 19 Feb 2020

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Jaguar Mining Inc announced results of its 2019 Infill diamond drilling campaign and the resumption of growth exploration drilling activities at its Pilar Mine Operation. Jaguar Mining CEO said Vern Baker said "The positive infill drilling results reported today from Pilar follow the equally positive results recently reported for the Turmalina Mine. Resumption of growth exploration is a key part of our plan to build long-term, sustainable mines with growth upside for increasing our resource base. Our Infill drilling activities are expected to continue replacing depleted reserves. Exploration drilling at Pilar will target extending our consistent production zones, which are centred on our BIF orebodies, as well as developing new resources in areas higher up in the mine. Sustaining our four-year reserve inventory continues to provide the foundation of our sustained production. I look forward to more positive results from this next phase of growth drilling at Pilar.”

Infill Drilling completed in 2019 confirms expected modelled grade and thickness of the main and subsidiary Pilar Banded Iron Formation Orebodies which are the source of current production. This drilling is expected to support replacement of Mineral Reserves net of 2019 production depletion.

Geological mapping of development, especially at the lower levels of the mine has allowed a greater appreciation and understanding of the complex, structural fold geometries which are prominent features of the BIF hosted mineralization.

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Posted By : Rabi Wangkhem on Wed, 19 Feb 2020
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