Jaguar Mining Confirms Continuity at Pilar Gold Mine in Brazil

Jaguar Mining Inc. reports promising results from its diamond drilling program at the Pilar Gold Mine in Minas Gerais, Brazil. The company successfully explored the BA Zone, confirming high-grade mineralization extends over 1.5 km down-plunge and remains open at depth. This finding underscores the company's strategy to de-risk exploration targets and convert them into formal Mineral Resources.

The latest assays revealed significant grades and intercepts. Highlights include 5.30m at 8.52 g/t Au and 10.00m at 5.82 g/t Au, substantially exceeding the mine's current average reserve grade. High geological confidence supports modeling for an additional 300 vertical meters beyond current mining levels, enhancing life of mine expansion potential.

Jaguar’s Armando Massucatto states that the structural predictability of the BA Zone facilitates confident underground planning, effectively de-risking future mine developments.