Jaguar Intercepts High-Grade Gold Mineralization at Pilar Gold Mine; Resumes Growth Exploration Drilling at Pilar

Feb 12, 2020 Download PDF

Infill drilling results confirm model grades and thickness of main orebodies:

Orebody BF2: 10.64 g/t Au over 9.8m; Orebody BF: 9.88 g/t Au over 3.88m;
Orebody BA: 6.16 g/t Au over 10.00m

Over 18,000 metres of planned growth exploration drilling

Toronto, February 12, 2020 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) is pleased to announce results of its 2019 Infill diamond drilling campaign and the resumption of growth exploration drilling activities at its Pilar Mine Operation (“Pilar”).

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

Definitions: ETW – estimated true width, g/t Au – grams per tonne gold, m – metres, grade (g/t Au) x thickness (m) = GM (gram – metres).

At Pilar, 26 infill drilling intersections have grade (g/t Au) x thickness (m) results > 25 gram metres (GM) with the best results from Orebody BF2, reporting 10.64 g/t Au over 9.8m, Orebody BF, reporting 9.88 g/t Au over 3.88m and Orebody BA reporting 6.16 g/t Au over 10.00m. (see Table 1, Figure 1 and Appendix 1 and 2). The 2019 infill drilling program completed 14,300 metres.

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. Updated schematics derived from ongoing geological mapping activities and current structural interpretation are presented in Figure 2.

Contractor, Major Drilling, have mobilized an underground diamond rig dedicated to growth exploration at Pilar through 2020. This drilling (18,600 metres) will focus on further delineation of depth and lateral extensions to the currently exploited and known mineralized BIF packages (BF, BF2, BF3 and BA orebodies) as well as the more recently identified SW, Sao Jorge and Torre mineralization packages (see Press Release dated June 4, 2019). The location of targeted 2020 infill and growth exploration drilling (9,000 metres) is presented in Figure 3.

Vern Baker CEO, Jaguar Mining commented: “The positive infill drilling results reported today from Pilar follow the equally positive results recently reported for the Turmalina Mine (see press release dated January 28, 2020). 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.

Jon Hill, Expert Advisor, Geology and Exploration, Jaguar Mining Management Committee commented: “this new phase of growth exploration drilling will continue to leverage our geological knowledge gathered from previous underground structural mapping, development and infill drilling completed in 2018 and 2019. The current drilling program will target further delineation and evaluation of the Pilar Mineralized Zones laterally from the existing mine infrastructure as well as down plunge extensions located below current mining levels. This strategy will target additional productivity via increased ounces per vertical metre and increase life of mine via depth extensions to mineralized zones.”

Figure 1. 2019 Infill Drilling Results Pilar Mine – Intercepts with greater than 25 gram metres.

Table 1. 2019 Infill Drilling Results Pilar Mine – Intercepts with greater than 25 gram metres.

Summary of Significant Intersections, Drilling Program
Jaguar Mining Inc. – Pilar Mine
Hole IDFrom
(m)
To
(m)
Down Hole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
GT
(GM)
Date
(mm/dd/yyyy)
Orebody BA
PPL62116.3823.427.046.754.6131.129/23/2019
PPL62211.0021.2410.249.304.5342.139/30/2019
PPL62420.0032.0012.0010.006.1661.6012/6/2019
Orebodies BF, BF2 and BF3
FSB7450.0011.6011.6011.304.1146.446/3/2019
PPL547178.65186.908.257.707.6558.916/3/2019
PPL551198.15204.206.055.206.2532.507/1/2019
FSB8100.006.706.703.339.7432.4312/6/2019
FSB84718.8029.4010.606.507.1146.221/3/2020
PPL58317.6021.804.203.889.8838.331/4/2020
PPL553159.00219.0060.009.565.3951.538/9/2019
PPL604164.00181.0017.003.5015.9755.906/3/2019
FSB70012.6018.856.256.178.3851.706/3/2019
FSB7240.0013.6013.605.594.6826.166/3/2019
FSB7422.8512.509.658.993.1027.876/27/2019
FSB7630.0011.5011.509.653.3232.046/27/2019
PPL550162.45186.2523.804.507.7534.886/27/2019
PPL551162.15194.1532.004.608.6139.617/1/2019
PPL606145.50158.8013.3012.801.9524.967/1/2019
PPL606176.05181.405.355.256.8535.968/28/2019
PPL61358.0073.0015.0014.651.9929.158/28/2019
FSB8070.0010.0810.089.8010.64104.2712/6/2019
FSB8081.9513.4011.458.254.2735.2312/6/2019
PPL60487.80120.1032.305.316.2633.246/3/2019
PPL60269.4076.006.606.206.9643.156/3/2019
PPL616A36.0048.9012.9012.303.0036.908/28/2019
PPL558137.00142.005.004.507.7034.6511/4/2019
Orebody LPA
PPL547201.90206.454.554.309.1339.266/3/2019
PPL552195.00206.0011.0010.574.1844.189/30/2019
FSB8480.002.302.301.9023.9345.471/3/2020
Orebody SW
FSB76619.4529.409.959.304.3640.556/27/2019

Figure 2. Pilar Mine – Schematic Plan showing the relative geological setting and location of Pilar Orebodies BA, BF, BFII, BFIII, Torre, SW and Sao Jorge.

Figure 3. Location of planned 2020 Infill and Growth Exploration Drilling at Pilar Mine.

Table 2. Meterage of 2020 Infill and Growth Exploration Drilling Pilar Mine.

SITE Q1Q2Q3Q4Total
20-Jan20-Feb20-Mar20-Apr20-May20-Jun20-Jul20-Aug20-Sep20-Oct20-Nov20-Dec
PilarDefinition
Infill
Exploration
Exploration Coorporate
Total Meterage
300
1200
 
800
2300
300
1200
 
800
2300
300
1200
 
800
2300
300
600
600
800
2300
300
600
600
800
2300
300
600
600
800
2300
300
 
1200
800
2300
300
 
1200
800
2300
300
 
1200
800
2300
300
 
1200
800
2300
300
 
1200
800
2300
300
 
1200
800
2300
3600
5400
9000
9600
27600

Qualified Person
Scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons) (Economic Geology - UCT), FAUSIMM, Senior Expert Advisor Geology and Exploration to the Jaguar Mining Management Committee, who is also an employee of Jaguar Mining Inc., and is a “qualified person” as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control
Jaguar continues to use a quality-control program that includes insertion of blanks and commercial standards in order to ensure best practice in sampling and analysis.

HQ, NQ, and BQ size drill core is sawn in half with a diamond saw. Samples are selected for analysis in standard intervals according to geological characteristics such as lithology and hydrothermal alteration. All diamond drill hole collars are accurately surveyed using a Total Station instrument and down-hole deviations are surveyed using a non-magnetic north seeking Reflex GyroTM

Mean grades are calculated using a variable lower grade cut-off (generally 0.5g/t Au). No upper gold grade cut has been applied to the data. However, the requirement for assay top cutting will be assessed during future resource work.

Half of the sawed sample is forwarded to the analytical laboratory for analysis while the remaining half of the core is stored in a secure location. The drill core samples from growth exploration drillholes are transported in securely sealed bags and sent for physical preparation to the independent ALS Brazil (subsidiary of ALS Global) laboratory located in Vespasiano, Minas Gerais, Brazil.The analysis is conducted at ALS Global’s respective facilities (fire assay are conducted by ALS Global in Lima, Peru, and multi-elementary analysis are conducted by ALS Global in Vancouver, Canada). ALS has accreditation in a global management system that meets all requirements of international standards ISO/IEC 17025:2005 and ISO 9001:2015. All major ALS geochemistry analytical laboratories are accredited to ISO/IEC 17025:2005 for specific analytical procedures.

The infill drilling results presented on this news release are from drill holes completed by both Major Drilling on contract and Jaguar Mining Inc´s own drilling machines. The infill samples are transported for physical preparation and analysis in securely sealed bags to the Jaguar in-house laboratory located at the Roça Grande Mine, Caeté, Minas Gerais.

For a complete description of Jaguar’s sample preparation, analytical methods and QA/QC procedures, please refer to the “Technical Report on the Roça Grande and Pilar Operations, Minas Gerais State, Brazil”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com.

The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699–1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho, Cuiabá, and São Bento. Jaguar holds the second largest gold land position of a gold producer in the Iron Quadrangle with just over 25,000 hectares.

About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims covering an area of approximately 64,000 hectares. The Company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caeté Mining Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. The Roça Grande Mine has been on temporary care and maintenance since April 2018. Additional information is available on the Company's website at www.jaguarmining.com.

For further information, please contact:

Vern Baker
Chief Executive Officer
Jaguar Mining Inc.
vbaker@jaguarmining.com
+55 (31) 3232-7101
Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
hashim.ahmed@jaguarmining.com
416-847-1854

Forward-Looking Statements
Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements and information are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking information set forth in this news release is qualified by the cautionary statements below and those made in our other filings with the securities regulators in Canada. Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected", "is forecast", "is targeted,” "approximately," "plans," "anticipates," "projects," "continue," "estimate," "believe," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, may be considered to be or include forward-looking information. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. This news release contains forward-looking information regarding potential and, among other things, expected future mineral resources, potential mineral production opportunities, geological and mineral exploration statistics, ore grades, current and expected future assay results, and definition/delineation/exploration drilling at the Pilar Gold Mine and the Turmalina Gold Mine in Brazil, as well as forward-looking information regarding costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, capital requirements, project studies, mine life extensions, and continuous improvement initiatives. The Company has made numerous assumptions with respect to forward-looking information contained herein, including, among other things, assumptions about the estimated timeline and for the development of the drill program at the Pilar Gold Mine (and its expanded exploration footprint) and the Turmalina Gold Mine; its mineral properties; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted communities; and political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions. Forward-looking information involves a number of known and unknown risks and uncertainties, including among others: the risk of Jaguar not meeting its plans regarding its operations and financial performance; uncertainties with respect to the price of gold, labor disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental legislation and regulation, weather delays and increased costs or production delays due to natural disasters, power disruptions, procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability to raise new capital) and other risks inherent to the gold exploration, development and production industry, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company and described herein. In addition, there are risks and hazards associated with the business of gold exploration, development, mining and production, including without limitation environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Appendix 1

2019 Infill Drilling Results Pilar Mine.

Summary of Significant Intersections, Drilling Program
Jaguar Mining Inc. – Pilar Mine
Hole IDFrom
(m)
To
(m)
Down Hole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
GT
(ETW)
Date
(mm/dd/yyyy)
Orebody BA
PPL6216.028.602.582.402.896.949/23/2019
PPL62116.3823.427.046.754.6131.129/23/2019
PPL62211.0021.2410.249.304.5342.139/30/2019
PPL62316.0019.553.553.407.1524.3111/4/2019
PPL62321.4726.955.482.632.857.5011/4/2019
PPL62420.0032.0012.0010.006.1661.6012/6/2019
Including20.0024.234.233.5313.4847.5112/6/2019
PPL58354.4058.904.502.706.6617.981/4/2020
Orebodies BF, BFII and BFIII
FSB7403.505.852.351.333.584.766/3/2019
FSB74014.2516.252.001.061.211.286/3/2019
FSB7410.953.702.751.541.312.026/3/2019
FSB7450.0011.6011.6011.304.1146.446/3/2019
FSB75611.9016.104.204.001.857.406/3/2019
FSB7897.8511.153.303.301.053.477/1/2019
PPL547178.65186.908.257.707.6558.916/3/2019
PPL547222.80226.003.203.047.1421.716/3/2019
PPL549192.00195.003.002.772.877.957/23/2019
PPL550187.00204.3517.354.604.2219.416/27/2019
PPL551198.15204.206.055.206.2532.507/1/2019
PPL552172.00193.0021.005.453.8320.879/30/2019
PPL552212.00217.505.505.102.7914.239/30/2019
PPL554187.65204.6817.033.504.3415.199/23/2019
PPL554221.82229.607.787.603.1023.569/23/2019
FSB697A0.006.606.603.871.134.3711/4/2019
FSB7592.106.554.453.006.1618.4811/4/2019
FSB7486.8013.807.002.001.833.6611/4/2019
FSB6970.005.705.703.401.996.7711/4/2019
FSB7390.007.557.551.908.1115.4111/4/2019
PPL557186.00193.007.001.102.352.5912/6/2019
PPL557217.00238.0021.003.782.8810.8912/6/2019
FSB8100.006.706.703.339.7432.4312/6/2019
FSB8109.4513.704.252.164.028.6812/6/2019
FSB81019.7039.1019.409.641.5915.3312/6/2019
FSB7781.005.304.303.803.1111.821/2/2020
FSB8030.006.806.804.553.5316.061/2/2020
PPL556197.30198.501.200.457.383.321/2/2020
PPL556237.40242.455.051.724.718.101/2/2020
FSB8478.3016.808.503.253.6511.861/3/2020
FSB84718.8029.4010.606.507.1146.221/3/2020
Including25.3029.404.102.5110.2025.651/3/2020
FSB84815.8526.5010.653.973.2612.941/3/2020
PPL59315.0016.701.701.454.796.951/3/2020
PPL5830.009.009.008.441.4211.981/4/2020
PPL58317.6021.804.203.889.8838.331/4/2020
PPL59416.6020.103.503.002.657.951/4/2020
PPL59428.9031.802.902.481.924.761/4/2020
PPL650206.60212.005.401.452.403.481/2/2020
PPL553159.00219.0060.009.565.3951.538/28/2019
PPL604164.00181.0017.003.5015.9755.906/3/2019
FSB7001.454.002.552.502.045.106/3/2019
FSB70012.6018.856.256.178.3851.706/3/2019
FSB70317.7520.052.302.205.9613.116/27/2019
FSB7240.0013.6013.605.594.6826.166/3/2019
FSB72427.7034.006.302.722.065.606/3/2019
FSB7250.007.257.252.582.185.626/3/2019
FSB7422.856.403.553.202.788.906/27/2019
FSB7422.8512.509.658.993.1027.876/27/2019
FSB7501.109.208.107.991.6913.506/3/2019
FSB75012.7014.902.202.152.314.976/3/2019
FSB7517.6012.504.903.226.2920.256/3/2019
FSB7521.655.954.302.592.957.646/3/2019
FSB75220.8024.203.401.988.6417.116/3/2019
FSB7540.004.404.404.202.4610.336/27/2019
FSB7550.954.403.453.381.836.196/27/2019
FSB7630.0011.5011.509.653.3232.046/27/2019
FSB7650.005.405.402.171.362.956/3/2019
FSB76516.5521.805.252.801.714.796/3/2019
PPL547135.70147.7512.0511.251.0611.936/3/2019
PPL549117.00119.002.001.832.023.706/27/2019
PPL549147.35152.004.654.151.747.226/27/2019
PPL549164.00190.0026.003.006.7820.347/23/2019
PPL550162.45186.2523.804.507.7534.886/27/2019
PPL551111.08118.006.926.001.428.527/1/2019
PPL551162.15194.1532.004.608.6139.617/1/2019
PPL553135.07139.534.464.203.5314.838/28/2019
PPL553145.44154.008.568.001.149.128/28/2019
PPL554173.65184.1010.453.164.1413.089/23/2019
PPL602119.40123.454.053.891.766.856/3/2019
PPL604151.08153.001.921.803.065.516/3/2019
PPL606102.50124.9022.403.502.809.807/1/2019
PPL606145.50158.8013.3012.801.9524.967/1/2019
PPL606176.05181.405.355.256.8535.968/28/2019
PPL61263.1067.003.903.751.104.138/1/2019
PPL61286.4588.001.551.501.742.618/1/2019
PPL61358.0073.0015.0014.651.9929.158/28/2019
PPL61464.0067.003.002.901.233.576/27/2019
PPL61587.2091.103.903.794.8718.467/1/2019
PPL555128.45145.0516.602.687.9921.4111/4/2019
FSB697A11.1017.106.003.555.1118.1411/4/2019
FSB72922.1030.007.902.508.6221.5511/4/2019
FSB77215.1019.104.001.821.893.4411/4/2019
FSB77510.3013.252.951.245.176.4111/4/2019
FSB7760.007.107.101.203.974.7611/4/2019
PPL555A131.40142.8211.423.652.468.9811/4/2019
PPL555A149.00158.149.142.603.077.9811/4/2019
PPL555A162.82186.0023.183.901.907.4111/4/2019
PPL555A192.00198.006.002.022.364.7711/4/2019
PPL555A200.00211.0011.003.785.5621.0211/4/2019
FSB8004.708.003.301.207.228.6612/6/2019
FSB80014.4521.306.851.908.4716.0912/6/2019
FSB8070.0010.0810.089.8010.64104.2712/6/2019
Including4.008.234.234.1119.9882.1812/6/2019
FSB8081.9513.4011.458.254.2735.2312/6/2019
Including8.8012.403.602.598.9423.2012/6/2019
FSB8094.808.804.001.571.101.7312/6/2019
FSB80913.4016.403.001.022.182.2212/6/2019
FSB80922.3528.356.002.0410.2820.9712/6/2019
FSB80937.3542.805.451.901.663.1512/6/2019
FSB8110.004.634.633.293.7512.3412/6/2019
PPL60487.80120.1032.305.316.2633.246/3/2019
FSB7115.758.352.602.556.9617.756/3/2019
PPL527141.25143.752.502.331.162.706/3/2019
PPL60269.4076.006.606.206.9643.156/3/2019
PPL60284.0087.003.002.903.9911.576/3/2019
PPL61444.8062.4017.604.504.6220.796/27/2019
PPL61542.0746.003.933.703.8114.107/1/2019
PPL616A36.0048.9012.9012.303.0036.908/28/2019
PPL61747.1549.001.851.752.273.979/30/2019
FSB7292.755.402.652.407.7618.6211/4/2019
PPL558137.00142.005.004.507.7034.6511/4/2019
PPL558145.10148.002.902.606.6017.1611/4/2019
FSB80110.2013.203.002.504.7511.8812/6/2019
FSB80114.2019.955.753.154.6814.7412/6/2019
FSB8020.0012.1012.102.153.707.9612/6/2019
PPL65022.0024.002.001.7113.6823.391/2/2020
PPL61844.0049.005.004.453.8917.3111/4/2019
FSB7735.157.732.580.662.551.6811/4/2019
FSB77316.7522.756.001.161.551.8011/4/2019
PPL61942.0049.007.006.452.1613.9312/6/2019
PPL547111.65113.551.901.801.963.536/3/2019
PPL547124.75127.052.302.232.435.426/3/2019
Orebody LPA
PPL549197.35201.504.153.731.063.957/23/2019
PPL547201.90206.454.554.309.1339.266/3/2019
PPL549205.50215.009.508.501.4912.677/23/2019
PPL552195.00206.0011.0010.574.1844.189/30/2019
PPL554207.85212.424.574.501.386.219/23/2019
FSB8470.002.202.201.5513.7621.331/3/2020
FSB8480.002.302.301.9023.9345.471/3/2020
PPL5936.3110.904.593.953.8815.331/3/2020
Orebody LFW
FSB7825.658.452.801.931.623.136/3/2019
PPL60443.0046.003.002.881.755.046/3/2019
PPL60465.0073.008.007.691.219.306/3/2019
PPL61418.1521.002.852.805.1314.366/27/2019
PPL55866.0074.008.007.201.9814.2611/4/2019
PPL61913.0015.002.001.8510.3419.1312/6/2019
FSB81330.7534.603.852.391.403.351/2/2020
Orebody SW
FSB76619.4529.409.959.304.3640.556/27/2019
FSB7691.004.003.002.202.034.476/27/2019
FSB76910.0014.004.003.060.842.576/27/2019
FSB7700.701.650.950.901.601.447/1/2019
FSB7718.0512.003.953.803.3112.586/3/2019
FSB7740.003.053.051.702.804.766/3/2019
FSB774A0.003.653.651.484.546.726/3/2019
FSB774A6.2011.004.801.735.8410.106/3/2019
FSB7852.208.406.202.382.536.026/27/2019
FSB78741.0544.453.403.303.1510.406/27/2019
FSB8124.907.903.002.404.8811.711/2/2020
FSB81221.0024.903.903.052.658.081/2/2020
Orebody TORRE
PPL62161.3066.925.625.352.5513.649/23/2019
PPL62277.0091.9514.953.505.2218.279/30/2019
PPL583114.15117.953.803.504.7616.661/4/2020
NO IMPACT
FSB696No significant impacts6/3/2019
FSB737No significant impacts8/28/2019
FSB738No significant impacts8/28/2019
FSB753No significant impacts6/27/2019
FSB784No significant impacts6/3/2019
FSB784ANo significant impacts6/3/2019
FSB786No significant impacts7/1/2019
FSB788No significant impacts6/27/2019
FSB790No significant impacts7/1/2019
FSB791No significant impacts7/1/2019
PPL620No significant impacts9/23/2019
FSB744No significant impacts11/4/2019
FSB730No significant impacts11/4/2019
FSB743No significant impacts11/4/2019
PPL620ANo significant impacts12/6/2019
PPL532No significant impacts1/2/2020
FSB815No significant impacts1/3/2020

Appendix 2

Drill Hole location data for holes reported in this Press-Release – Pilar Mine.

Hole IDEasting
(m)
Northing
(m)
Elevation
(m)
Total Depth
(m)
Collar Azimuth
(°)
Collar Dip
(°)
OrebodyDrilling Company
FSB696662718.627788570.1760.2035.25329.82-0.76BFJaguar
FSB700662712.267788549.4960.0125.1594.662.32BFIIJaguar
FSB703662717.567788550.6281.2320.0588.82-1.23BFJaguar
FSB711662699.037788529.5359.7412.05274.600.24BFIIIJaguar
FSB724662703.517788488.92102.0534.85158.09-27.67BFIIJaguar
FSB725662697.677788479.37101.4826.20169.01-35.11BFIIJaguar
FSB740662777.157788451.9084.8125.300.41-0.92BFJaguar
FSB741662762.817788450.7084.2225.20180.000.57BFJaguar
FSB742662762.057788456.7684.1620.45358.490.00BFIIJaguar
FSB745662734.617788490.4182.5120.85270.81-1.08BFJaguar
FSB750662715.227788595.2682.1135.05271.310.75BFIIJaguar
FSB751662715.917788596.6182.1230.50328.673.59BFIIJaguar
FSB752662717.917788597.2582.1541.2518.28-1.00BFIIJaguar
FSB753662720.477788567.2281.268.45315.001.16BFIIJaguar
FSB754662713.817788552.6281.195.00319.400.00BFIIJaguar
FSB755662705.017788540.1881.055.25319.891.43BFIIJaguar
FSB756662717.427788589.0781.6826.25129.890.38BFJaguar
FSB763662711.007788482.1524.4828.6088.371.77BFIIJaguar
FSB765662721.547788567.5080.6530.00327.73-29.98BFIIJaguar
FSB766662624.137788534.13-13.7987.50271.81-2.32SWJaguar
FSB769662624.517788550.01-11.2357.75269.480.65SWJaguar
FSB770662628.227788566.06-9.0363.55301.04-1.49SWJaguar
FSB771662633.277788564.09-8.8715.5598.73-0.04SWJaguar
FSB774662645.547788573.59-6.063.05178.180.91SWJaguar
FSB774A662645.317788573.59-6.1714.25178.11-4.00SWJaguar
FSB782662658.177788569.11-3.9516.6052.59-44.46LFWJaguar
FSB784662658.877788565.59-3.688.10199.65-45.73SWJaguar
FSB784A662660.337788571.86-4.2515.50187.84-44.04SWJaguar
FSB785662656.157788568.94-3.5720.15354.29-44.86SWJaguar
FSB786662621.827788472.76-22.8192.20268.341.28SWJaguar
FSB787662623.597788515.86-16.4346.70269.74-0.43SWJaguar
FSB788662622.897788495.35-19.585.30270.80-3.18SWJaguar
FSB789662709.427788545.36196.1432.1589.15-0.14BFJaguar
FSB790662709.047788546.36196.2826.5559.941.29BFJaguar
FSB791662708.717788546.97196.2332.3534.480.10BFJaguar
PPL527662602.637788350.5232.24257.7564.30-27.47BFIII?Jaguar
PPL547662602.677788350.5033.04241.2065.24-3.68BF - BFII- LPAJaguar
PPL549662602.677788350.3232.87260.5066.74-10.71BF - BFII- LPAJaguar
PPL550662602.677788350.3532.89242.6566.84-6.99BF - BFIIJaguar
PPL551662602.617788350.1032.73234.9567.33-9.47BF - BFIIJaguar
PPL552662602.657788349.9032.94230.5572.00-7.84BF - LPAJaguar
PPL553662602.617788349.7032.73245.0576.43-20.29BF - BFIIJaguar
PPL602662606.297788407.7124.41215.1572.20-21.20BFII- BFIIIJaguar
PPL604662607.667788407.4124.50215.4578.00-8.84BF - BFII - BFIIIJaguar
PPL606662607.677788407.2924.36222.3079.90-13.45BFIIJaguar
PPL612662658.217788490.2710.73161.4573.24-2.42BFIIJaguar
PPL613662658.237788489.7310.75172.5088.59-2.02BFIIJaguar
PPL614662658.197788489.2310.77173.10105.42-1.41BFII - BFIIIJaguar
PPL615662658.067788489.7310.38186.8590.20-18.58BFII - BFIIIJaguar
PPL616A662658.187788490.1210.49192.9575.67-14.29BFIIIJaguar
PPL617662657.967788490.169.74181.1579.94-22.68BFIIIJaguar
PPL622662754.507788541.44263.64200.20117.00-2.52BA - TORREJaguar
PPL555662602.607788350.0332.74146.5571.08-18.24BFIIJaguar
FSB697A662740.507788479.56102.8920.10183.57-46.47BFII - BFIIIJaguar
FSB729662692.737788502.0345.4346.5560.29-2.39BFII - BFIIIJaguar
FSB744662625.747788429.70-28.2815.8089.62-1.76-Jaguar
FSB759662757.547788466.58103.7020.15180.58-39.04BFJaguar
FSB748662767.827788482.41104.4344.00124.501.65BFJaguar
FSB730662692.627788502.2845.4451.1058.77-1.46BFIIIJaguar
FSB743662626.687788444.79-25.9815.7090.13-0.72-Jaguar
PPL618662657.737788489.469.78181.1093.35-25.03BFIII?Jaguar
FSB697662740.517788479.55102.8718.45184.13-46.31BFJaguar
FSB739662746.247788473.78104.3025.95159.360.80BFJaguar
PPL558662602.647788350.4532.56174.1561.23-19.75BFIII - LFWJaguar
FSB772662709.157788431.5945.1326.10206.480.02BFIIJaguar
FSB773662704.827788431.7544.8126.15229.66-1.71BFIII?Jaguar
FSB775662724.717788434.4645.6630.95179.75-1.72BFIIJaguar
FSB776662740.177788440.8646.0230.90177.33-0.69BFIIJaguar
PPL623662754.527788541.04263.58155.05125.67-3.85BAJaguar
PPL555A662602.497788349.9232.82253.3071.08-18.24BFIIJaguar
PPL557662602.427788349.4532.73246.5081.87-17.47BFJaguar
PPL619662657.897788490.399.75215.1071.68-19.53BFIII - LFWJaguar
PPL620A662608.157788406.6924.3399.0579.13-13.40BFIIIJaguar
PPL624662754.527788540.92263.30176.15127.93-14.00BAJaguar
FSB800662704.697788460.1944.7430.7089.43-0.20BFIIIJaguar
FSB801662700.167788460.5044.7630.05278.880.68BFIIIJaguar
FSB802662693.017788476.4745.1436.65270.54-1.24BFIIIJaguar
FSB807662681.797788505.22102.5230.30214.4430.11BFIIJaguar
FSB808662700.157788500.13103.6131.95202.7230.99BFIIJaguar
FSB809662700.927788499.69102.2648.30169.18-17.97BFIIJaguar
FSB810662719.457788487.60102.4440.95149.88-17.53BFJaguar
FSB811662713.867788493.11104.1325.75148.3234.55BFIIJaguar
FSB778662769.647788426.5047.4125.40179.25-0.50BFJaguar
FSB803662772.387788425.9047.4133.70180.84-1.79BFJaguar
PPL532662852.657788513.69289.16132.80271.7623.40TORREJaguar
PPL556662602.487788349.3332.71248.4584.59-20.21BFJaguar
FSB812662635.477788814.31216.1345.90343.2610.08SWJaguar
FSB813662635.677788813.45216.0160.35186.6110.80LFW?Jaguar
PPL650662657.747788488.869.81250.55106.52-24.62BF - BFIIIJaguar
FSB815662746.667788568.8026.4330.6090.67-0.71BFIIJaguar
FSB847662784.177788444.2047.2150.00182.77-19.02LPA - BFJaguar
FSB848662783.247788444.6247.1326.50210.14-20.46LPA - BFJaguar
PPL593662767.537788470.69103.72254.4595.20-31.83LPA - BFMajor
PPL583662767.787788470.65105.53200.7095.7919.48BF - TorreMajor
PPL594662767.287788470.23103.68251.90107.79-30.66BFMajor