Jaguar Mining Expands Resource Potential at Turmalina and Pilar Mines, Brazil

Sep 10, 2020 Download PDF

In-Mine High-Grade Intercepts Include

Turmalina: Orebody C-SE, 9.22g/ Au over 15.3m (ETW 4.94m)
Orebody C-Central 5.98g/t Au over 12.1m (ETW 11.5m)

Pilar: Orebody BF2, 29.07 g/t Au over 4.00m (ETW 3.50m),
Orebody SW 12.39 g/t Au over 8.4m (ETW 7.68m)

Definitions: ETW – estimated true width     g/t Au – grams per tonne gold      m – metres

Toronto, Canada, September 10, 2020 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced drill results from underground diamond drill hole programs conducted at Turmalina Gold Mine (“Turmalina”) and at Pilar Gold Mine (“Pilar”) both located in Minas Gerais, Brazil.  Drilling continues to confirm expanding resource potential with high-grade intersections from both mines, highlighting significant extensions at depth and laterally across the vertical extents of the mines. These drill campaigns were completed subsequent to the most recent Mineral Resources and Mineral Reserves (“MRMR”) update at Turmalina (as at December 31, 2019 – see press-release dated 20, April, 2020) and at Pilar (as at  May 30, 2020 – see press-release dated August 18, 2020). 

At Turmalina, drilling has focused on targeting the down-plunge and lateral continuity of the structure hosting the C-SE and C-Central ore shoots at shallow levels while drilling at Pilar drilling has focused on evaluation of the lateral extensions of the banded iron formation (“BIF”) hosted mineralization (SW-Sao Jorge-BIF, BIF2, BA, LFW, LPA and BA Orezones) close to underground development throughout the entire vertical extent of the mine.

Turmalina Highlights

  • Orebody C-Central drilling focused on tracing the structurally controlled high-grade mineralization discovered in March 2019 down plunge and beyond the current mineral resources and mineral reserves limits, at shallow levels between level 3 and level 6;
  • Drilling and geological mapping on the Orebody C-Central structure has delineated four higher-grade mineralized zones within the overall host rock package. These zones are separated by lower grade or waste intervals, which, are currently being assessed for geotechnical characteristics. (See figures 1 and 2);
  • Orebody C-Central high-grade continuity has been demonstrated by recent drilling with a series of eight intercepts with grade X thickness (GT) intervals of >25, Intercepts include: (See figures 1 and 2, table 1 and appendix 1)
    • 5.98 g/t Au over 12.1m (ETW 11.5m), 39.85 g/t Au over 1.6m (ETW 1.54m), and 10.55 g/t Au over 4.25m (ETW 4.12m).
  • Drilling on Orebody C-SE focused on improving the definition of the high-grade plunging mineralisation currently being mined on level 5 to below levels 8 where access development recently intersected this orebody. Intercepts include: (See figure 3 and table 1.)
    • 9.22 g/t Au over 15.29m (ETW 4.94m) and 10.36 g/t Au over 2.76m (ETW 2.55m).
  • Ongoing in-mine drilling remains focused on defining near surface and down plunge depth extensions to the structures hosting the A, B and C mineralization targeting additional mineral resource inventory and ounce per vertical meter profile.

Pilar Highlights

  • Drilling remains focused on defining extensions to the various structurally controlled, BIF hosted mineralization at shallow levels in the mine and down plunge beyond the current mineral resources and mineral reserves limits;
  • Recent drilling intercepted high-grade intervals with grade x thickness (GT) values > 25 in some 20 holes targeting the SW, BF, BF2, BA, LPA, and LFW structures, below are selected best intercepts:  See figures 4 and 5, table 2 and appendix 2);
    • SW Orebody: 12.39 g/t Au over 8.40m (ETW 7.68m) and 7.05 g/t Au over 10.95m (ETW 9.03m);
    • BF2 Orebody: 29.07 g/t Au over 4.00m (ETW 3.5m);
    • BF Orebody: 6.88 g/t Au over 33.35m (ETW 4.12m);
    • BA Orebody: 7.42 g/t Au over 9.00m (ETW 6.94m);
    • Orebody LPA: 10.66 g/t Au over 6.00m (ETW 3.40m); and
    • Orebody LFW: 5.57 g/t Au over 8.50m (ETW 7.60m).
  • Ongoing in-mine drilling remains focused on defining near surface, lateral and down plunge depth extensions to the structures hosting the various mineralized zones targeting additional mineral resource inventory and ounce per vertical meter profile.

Vernon Baker, Chief Executive Officer of Jaguar Mining commented, “The significant results released today from on-going in-mine drilling at our operations continue to support sustained MRMR growth beyond recently reported limits. Of particular interest are results from the high-grade, wide intersections from Pilar’s shallow level SW Orebody. This Orebody is becoming a significant contributor to that mine´s MRMR inventory and adds operational flexibility due to its shallow position and closeness to existing infrastructure in the mine.  Similarly, at the Orebody C structureat Turmalina, increased high-grade intercepts and ounce per vertical meter at shallow depths continue to enhance sustainable operational flexibility.  We are committed to investing in growth exploration at our core assets as results to date continue to support our belief that both Pilar and Turmalina are important long-life assets for Jaguar’s future.”

Jon Hill, Expert Advisor, Geology and Exploration, to the Jaguar Mining Management Committee commented: “These drilling results again highlight the long-term upside endowment potential both within and contiguous to our main operating assets. In-Mine Exploration continues to deliver very positive results which are not only important to Jaguar's future but will underpin plans to ramp up exploration over the coming months to test the next generation of growth exploration targets within our strategic tenement portfolio.”

Figure 1
Figure 1 shows the relative location of diamond drill holes reported since the last MRMR report at Turmalina Mine (December 31, 2019) note focus on C-Central at shallow levels.

Figure 2
Figure 2 shows the location of diamond drill holes reported since the last MRMR report at Turmalina Mine over the Orebody C-Central Area (December 31, 2019). The four images show intersections separated by zone within the C-Structure.

Figure 3
Figure 3 shows the location of diamond drill holes reported since the last MRMR report at Turmalina Mine (December 31, 2019) over the Orebody C-SE Area.

Figure 4
Figure 4 shows the relative location of diamond drill holes reported since the last MRMR report at Pilar Mine (April 30, 2020).

Figure 5
Figure 5 shows the location of diamond drill holes reported since the last MRMR report at Pilar Mine (April  30, 2020).

Table 1. Drill Results and Intercepts –Turmalina with Grade X Thickness (GT) > 25

Summary of Significant Intersections, Drilling Program 
Jaguar Mining Inc. – Turmalina 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
FTS184092.7495.502.762.5510.3626.42April 22, 2020CSE
FTS1849175.40190.6915.294.949.2245.55May 26, 2020CSE
FTS1851161.30168.367.064.049.2137.21June 1, 2020C - Central
FTS185545.7554.508.756.186.0837.57June 24, 2020C - Central
78.8080.401.601.5439.8561.37C - Central
FTS185682.8587.104.254.1210.5543.47June 29, 2020C - Central
FTS185784.4590.856.405.955.3832.01July 3, 2020C - Central
FTS185833.7544.4010.658.725.5348.22July 3, 2020C - Central
FTS185943.4054.0510.658.393.9533.14July 7, 2020C - Central
61.8566.804.953.507.8227.37C - Central
FTS186527.2539.3512.1011.505.9868.77August 3, 2020C - Central
FTS186648.6551.753.103.0114.4843.58August 3, 2020C - Central

Table 2. Drill Results and Intercepts – Pilar with Grade x Thickness (GT) > 25

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
PPL661174.00178.004.003.5029.07101.755/4/2020BFII
PPL579206.48218.4011.924.267.3931.485/15/2020BF
PPL66976.8085.909.108.953.7733.747/7/2020SW
PPL66535.5540.655.103.0011.2633.785/15/2020SW
FSB88724.4029.354.954.309.4240.515/15/2020LPA
PPL64432.7041.108.407.6812.3995.165/15/2020SW
PPL664231.00237.006.003.4010.6636.245/15/2020LPA
PPL68756.9065.008.106.205.6935.285/22/2020BFII Lente
208.00216.508.507.605.5742.33LFW
PPL689104.95115.9010.9510.107.0571.216/1/2020SW
PPL62913.2019.005.805.447.4240.366/1/2020BA
PPL672A47.0049.352.352.1012.5126.276/12/2020BFII
PPL58146.0055.009.006.944.7432.906/22/2020BA
PPL7284.007.203.202.2027.9861.567/11/2020SW
22.1732.9610.795.508.4546.48SW
PPL71962.3075.9013.609.003.6032.407/11/2020SW
PPL70337.1070.4533.359.036.8862.137/11/2020BF
PPL70528.4034.406.001.8115.3827.847/11/2020BFII
PPL70144.5056.6512.155.415.5129.817/11/2020BFII
PPL726231.00241.0010.004.207.3330.798/15/2020LPA

Please see Table 3, Figure 3 and Appendix 2 for more details.

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 non-magnetic equipment (SPT Stockholm Precision Tools with GyroMaster™ Solid State North Seeker).

Mean grades are calculated using a variable lower grade cut-off (generally 0.5 g/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 are transported in securely sealed bags and sent for physical preparation to the independent ALS Brasil (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.

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 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 Gold Mine Complex, which combined produce approximately 95,000 ounces of gold annually. The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

Vernon Baker
President & Chief Executive Officer
Jaguar Mining Inc.
Vernon.baker@jaguarmining.com
416-847-1854

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

Drill hole location data for Turmalina holes reported in this Press-Release

Hole IDEasting
(m)
Northing
(m)
Elevation
(m)
Total Depth
(m)
Collar
Dip (°)
Collar
Azimuth (°)
OrebodyDrilling Company
FTS18227817175.83513301.7265.53250.4510.14209.38Orebody CMAJOR
FTS18237817176.30513300.9265.49240.559.73225.87Orebody CMAJOR
FTS18247817175.29513303.2565.40290.209.99176.79Orebody CMAJOR
FTS18257817175.94513301.6865.68280.2516.04208.47Orebody CMAJOR
FTS18267817176.21513301.3165.76270.0017.45218.99Orebody CMAJOR
FTS18277817176.33513301.1566.26326.4525.64222.99Orebody CMAJOR
FTS18287817175.95513301.7365.80320.0018.81209.00Orebody CMAJOR
FTS18297817175.77513301.9464.85210.15-0.98201.87Orebody CMAJOR
FTS18337817156.04513168.6769.39170.653.46272.00Orebody CMAJOR
FTS18347817155.48513168.9269.65130.454.99260.13Orebody CMAJOR
FTS18357817154.71513169.0569.44100.003.71241.08Orebody CMAJOR
FTS18367817153.23513171.3569.42131.303.75186.98Orebody CMAJOR
FTS18377817155.85513168.9269.92178.6010.00268.16Orebody CMAJOR
FTS18387817155.38513169.0370.01144.6012.95256.91Orebody CMAJOR
FTS18397817154.79513169.2669.93133.6512.21242.90Orebody CMAJOR
FTS18407817154.04513169.7470.19130.8517.96225.99Orebody CMAJOR
FTS18417817153.11513170.6870.16132.4015.34198.99Orebody CMAJOR
FTS18427817155.71513169.0770.14200.0018.23264.00Orebody CMAJOR
FTS18437817155.23513169.1970.42170.5523.04253.00Orebody CMAJOR
FTS18447817154.37513169.6970.47149.6524.00231.99Orebody CMAJOR
FTS18457817153.62513170.2170.76143.8527.59211.99Orebody CMAJOR
FTS18467817153.20513171.1970.59157.2024.78190.00Orebody CMAJOR
FTS18477817154.83513169.5470.76173.1030.10242.00Orebody CMAJOR
FTS18487817155.46513169.2570.67219.9028.20258.00Orebody CMAJOR
FTS18497817155.00513169.5170.83242.7031.43245.00Orebody CMAJOR
FTS18507817155.18513169.4070.73200.8528.13250.00Orebody CMAJOR
FTS18517817185.71512902.61288.83190.1022.99243.08Orebody CMAJOR
FTS1852512902.047817186.12288.86220.2020.73253.99Orebody CMAJOR
FTS18537817185.20512903.12288.91180.6024.65225.99Orebody CMAJOR
FTS18547817185.11512903.08288.07136.209.82224.91Orebody CMAJOR
FTS18557817185.67512902.74288.02149.709.21240.00Orebody CMAJOR
FTS18567817186.02512902.07288.02185.657.88251.94Orebody CMAJOR
FTS18577817186.49512901.71287.98187.205.99261.99Orebody CMAJOR
FTS18587817185.97512902.26287.04125.80-15.49250.18Orebody CMAJOR
FTS18597817186.65512901.73287.07146.75-11.88265.01Orebody CMAJOR
FTS18607817187.01512901.72287.19181.45-9.12271.00Orebody CMAJOR
FTS18617817185.05512902.95287.06106.45-15.98225.99Orebody CMAJOR
FTS18627817184.80512904.70287.25113.65-13.91184.99Orebody CMAJOR
FTS18637817184.41512903.95287.05103.35-16.07202.00Orebody CMAJOR
FTS18647817187.48512901.23287.18211.30-7.48277.99Orebody CMAJOR
FTS18657817186.05512902.44286.32105.95-37.70251.12Orebody CMAJOR
FTS18667817185.11512903.31286.3598.30-41.99221.53Orebody CMAJOR
FTS18677817184.37512904.47286.40113.80-39.04189.99Orebody CMAJOR
FTS18687817186.95512901.94286.46143.50-28.85270.00Orebody CMAJOR
FTS18697817187.45512901.47286.48181.30-23.14277.99Orebody CMAJOR
FTS19617817183.84512905.57286.32131.25-30.00167.99Orebody CMAJOR
FTS19627817187.96512900.79286.44214.80-18.16284.00Orebody CMAJOR
FTS19637817188.27512903.51286.63281.70-46.46313.00Orebody CMAJOR
FTS19647817184.65512903.78289.00194.6025.36207.99Orebody CMAJOR

Appendix 2

Drill hole location data for Pilar holes reported in this Press-Release.

Hole IDEasting
(m)
Northing
(m)
Elevation
(m)
Total Depth
(m)
Collar
Azimuth (°)
Collar
Dip (°)
OrebodyDrilling Company
FSB816662740.637788567.0726.8560.40270.40-0.13BFIIJaguar Mining
FSB817A662737.127788543.8326.1869.85270.430.49BFIIIJaguar Mining
FSB819662729.727788514.9425.7135.25109.88-0.45BFIIJaguar Mining
FSB822662707.937788478.1724.8220.0090.660.62TORJaguar Mining
FSB831A662808.107788434.0827.3870.7599.810.92L7SJaguar Mining
FSB837662716.887788498.7825.2360.20109.70-0.98BFIIJaguar Mining
FSB838662750.667788595.9727.5450.2554.74-0.59BFIIJaguar Mining
FSB842662746.347788594.1427.6050.20270.10-0.04BFIIJaguar Mining
FSB843662740.577788567.0126.4470.15270.10-15.78BFIIJaguar Mining
FSB858662782.697788438.8427.1445.25190.0019.47BFJaguar Mining
FSB865662720.887788804.97265.5745.75100.3013.64BFJaguar Mining
FSB866662718.537788788.10265.6847.1099.6214.15BFJaguar Mining
FSB867662714.387788775.63266.3150.20100.4014.37BFJaguar Mining
FSB879662741.147788833.85263.4836.65276.2725.20BFIIJaguar Mining
FSB880662741.557788820.85263.2840.10276.5018.11BFIIJaguar Mining
FSB882662740.177788855.82263.1812.45320.0928.67BFJaguar Mining
FSB883662843.447788504.74263.6532.20151.00-1.76TORJaguar Mining
FSB884A662844.807788506.31263.6525.9088.26-0.35TORJaguar Mining
FSB885662844.727788507.98263.7228.9546.780.42TORJaguar Mining
FSB886662787.167788463.6127.6935.05193.7224.53L7SJaguar Mining
FSB887662787.587788463.8626.0838.00183.49-17.99L7SJaguar Mining
FSB888662713.077788500.6625.1650.10291.660.03BFIIIJaguar Mining
FSB891662775.857788461.9247.5221.4571.08-0.69L7SJaguar Mining
FSB892662780.057788452.1048.3630.80281.4714.07BFJaguar Mining
FSB893662780.137788445.0947.7214.55240.49-2.02BFJaguar Mining
FSB894662788.537788463.8326.1550.00154.43-16.11L7SJaguar Mining
FSB895662839.097788510.69263.6410.40302.68-0.97TORJaguar Mining
FSB902662720.857788523.9145.8030.8593.87-0.86BFIIJaguar Mining
FSB903662716.597788522.8945.7541.3093.87-0.86BFIIIJaguar Mining
FSB906662802.227788436.0948.3929.3554.21-0.72L7SJaguar Mining
FSB909662698.057788734.41266.8287.7099.259.90BFIIJaguar Mining
FSB911662708.997788753.90267.1165.4097.109.46SWJaguar Mining
FSB912662799.147788432.6549.3726.00188.9726.69BFIIIJaguar Mining
FSB914662817.957788409.7450.0427.55230.8726.85BFIIIJaguar Mining
FSB915662818.937788424.7748.5920.2059.591.32L7SJaguar Mining
PPL416662849.397788544.42286.22116.20254.90-36.46BAJaguar Mining
PPL562662602.357788349.2732.53230.5070.22-36.44BFJaguar Mining
PPL564662602.627788349.1133.25251.9076.510.39BFJaguar Mining
PPL565662602.697788349.4933.56257.8073.695.68BFJaguar Mining
PPL566662602.677788350.0833.29250.8081.17-1.64BFMAJOR
PPL568662601.817788350.0833.08266.5076.58-14.39BFMAJOR
PPL579662602.377788349.1932.37339.95103.22-36.04BFMAJOR
PPL580662768.137788471.74105.65201.4574.6719.92TORMAJOR
PPL581662767.807788471.71106.88200.5073.0836.43TORMAJOR
PPL585662767.147788469.85106.52200.50118.5835.68TORMAJOR
PPL587662767.017788469.33105.32199.20130.4316.09TORMAJOR
PPL591662767.277788469.56104.07216.45124.65-11.41TORMAJOR
PPL592662767.817788471.41103.42250.1079.51-31.76TORMAJOR
PPL597662767.057788469.04104.20276.90134.31-9.66TORMAJOR
PPL599662602.707788350.0333.47251.6083.912.84BFMAJOR
PPL629662754.267788542.90264.09120.2094.9111.47TORJaguar Mining
PPL640662639.477788788.67218.80123.05349.55-17.02SWJaguar Mining
PPL641662638.507788788.27219.40130.40322.785.18SWJaguar Mining
PPL642662638.637788788.10218.6874.95322.67-21.40SWJaguar Mining
PPL643662637.777788787.59219.4262.90299.453.77SWJaguar Mining
PPL644662637.787788787.26218.6780.70292.97-17.82SWJaguar Mining
PPL648662686.367788560.64-0.4656.60123.3210.22BFIIJaguar Mining
PPL653662685.937788560.38-1.4165.85134.16-18.40BFIIJaguar Mining
PPL654662602.697788349.6333.01251.4090.44-10.19BFMAJOR
PPL655662602.387788349.3932.74263.7098.60-20.88BFMAJOR
PPL661662602.457788348.7533.04262.0583.10-10.99BFJaguar Mining
PPL662662602.687788349.8632.84315.7084.95-17.15BFMAJOR
PPL664662602.467788348.9633.12257.9577.07-12.94BFJaguar Mining
PPL665662636.967788786.51219.50100.15272.694.62SWJaguar Mining
PPL666662637.137788787.00219.5589.30282.755.25SWJaguar Mining
PPL667662637.157788786.57218.7695.35274.41-16.83SWJaguar Mining
PPL668662637.117788785.50218.48128.05257.97-15.86SWJaguar Mining
PPL669662637.457788785.46219.20180.75255.96-0.52SWJaguar Mining
PPL670662637.797788785.08219.34188.35246.081.93SWJaguar Mining
PPL672A662685.507788560.38-0.6350.80143.1810.83BFIIJaguar Mining
PPL673662685.777788560.40-1.1357.35136.07-8.14BFIIJaguar Mining
PPL680662602.717788350.0133.77277.7583.3410.87BFMAJOR
PPL684662752.607788440.70-10.90119.90182.54-12.97BFIIJaguar Mining
PPL686662752.957788440.66-11.29125.70180.37-24.25BFIIJaguar Mining
PPL687662752.677788440.74-11.25250.40180.34-25.23BFIIJaguar Mining
PPL689662637.767788785.31219.36182.10251.162.75SWJaguar Mining
PPL690662637.837788787.00218.0980.40288.06-43.35SWJaguar Mining
PPL691662640.107788788.65217.8980.302.01-45.78SWJaguar Mining
PPL693662602.657788349.7732.87253.5589.59-16.94BFMAJOR
PPL694662602.347788348.9432.22320.50109.93-38.54BFMAJOR
PPL701662753.787788440.57-11.4494.00161.09-26.74BFIIJaguar Mining
PPL702662602.537788349.3732.76331.2098.83-18.20BFMAJOR
PPL703662754.417788440.54-11.15141.85131.47-13.31BFIIJaguar Mining
PPL704662751.567788440.79-10.3078.65210.479.80BFIIJaguar Mining
PPL705662752.857788440.69-10.0977.25151.7914.88BFIIJaguar Mining
PPL707662753.167788440.59-11.4198.45168.79-27.13BFIIJaguar Mining
PPL719662638.217788784.59218.11116.95238.92-47.12SWJaguar Mining
PPL724662637.807788787.71219.73100.85314.439.93SWJaguar Mining
PPL725662602.777788350.2733.44252.6078.694.38BFMAJOR
PPL726662602.587788349.6632.68330.9591.79-20.99BFMAJOR
PPL727662637.357788786.89221.03182.20293.6431.89SWJaguar Mining
PPL728662637.757788787.33221.16161.10306.7934.94SWJaguar Mining
PPL729662637.437788785.66221.57221.00267.7038.67SWJaguar Mining
PPL731662753.527788440.60-11.11164.30139.00-12.77BFJaguar Mining
PPL750662683.867788280.09-51.79221.6555.62-3.18BFMAJOR
PPL767662838.207788507.69262.60101.70270.08-34.78BAJaguar Mining
PPL769662838.167788507.18262.01122.50262.97-56.99BAJaguar Mining
PPL772662838.517788508.27262.13132.80301.26-60.91BAJaguar Mining
PPL800662683.987788280.20-51.61239.4554.795.66BFIIIMAJOR

Appendix 3

Turmalina Drill Intercepts 2020

Summary of Significant Intersections, Drilling Program 
Jaguar Mining Inc. – Turmalina Mine
Hole IDFrom
(m)
To
(m)
DownHole
Interval
(m)
Estimated
True Width
(m)
Gold
Grade
(g/t Au)
GT
(ETW)
Date
(mm/dd/yyyy)
Orebody
FTS1822205.80207.601.801.7013.4622.88January 7, 2020CSE
FTS1823190.80191.901.101.001.881.88January 7, 2020CSE
FTS1824No impactJanuary 23, 2020CSE
FTS1825No impactFebruary 14, 2020CSE
FTS1826232.90233.902.001.903.576.78February 18, 2020CSE
FTS1827264.80269.004.203.952.8311.18March 18, 2020CSE
294.00295.001.000.905.294.76CSE
FTS1828199.38200.481.101.006.776.77March 18, 2020CSE
FTS1829113.12114.151.031.002.502.50May 12, 2020CSE
FTS183373.7575.591.841.757.0112.27April 6, 2020CSE
95.3597.452.102.001.292.58CSE
124.09130.876.786.682.4916.63CSE
FTS183498.33100.061.731.686.2810.55April 6, 2020CSE
FTS183576.1078.992.892.754.0411.11April 8, 2020CSE
FTS183688.2089.251.050.983.223.16April 20, 2020CSE
FTS183781.4083.151.751.2020.7224.86April 28, 2020CSE
136.00140.904.904.801.959.36CSE
FTS1838113.62116.452.832.632.085.47March 25, 2020CSE
FTS183989.4593.003.553.395.3218.03March 30, 2020CSE
FTS184092.7495.502.762.5510.3626.42April 22, 2020CSE
FTS184194.1895.130.950.851.090.93May 6, 2020CSE
FTS184288.6589.751.100.859.407.99May 5, 2020CSE
FTS1843141.60143.551.951.854.548.40May 7, 2020CSE
FTS1844103.00104.201.201.051.251.31May 6, 2020CSE
FTS184549.4050.401.000.901.111.00May 6, 2020CSE
117.66118.560.900.751.581.19CSE
FTS184686.6688.892.232.101.773.72May 6, 2020CSE
127.62131.654.033.851.465.62CSE
FTS1847154.91158.733.822.1010.7722.62May 19, 2020CSE
FTS1848182.85184.741.891.813.185.76May 18, 2020CSE
204.00206.912.911.3010.9914.29CSE
FTS1849175.40190.6915.294.949.2245.55May 26, 2020CSE
FTS1850122.80125.803.001.267.9910.07May 27, 2020CSE
161.25166.305.052.346.0714.20CSE
FTS185172.7992.8520.0611.501.3915.99June 1, 2020C - Central
113.88116.903.021.732.624.53C - Central
161.30168.367.064.049.2137.21C - Central
FTS185288.6589.751.100.859.407.99June 8, 2020C - Central
FTS1853141.35146.455.103.663.2912.04June 17, 2020C - Central
FTS185496.7097.701.000.894.644.13June 24, 2020C - Central
FTS185545.7554.508.756.186.0837.57June 24, 2020C - Central
78.8080.401.601.5439.8561.37C - Central
110.80114.954.153.974.7518.86C - Central
118.08121.303.223.101.755.43C - Central
FTS185682.8587.104.254.1210.5543.47June 29, 2020C - Central
139.70141.702.001.852.013.72C - Central
FTS185765.4069.754.354.153.2713.57July 3, 2020C - Central
84.4590.856.405.955.3832.01C - Central
FTS185833.7544.4010.658.725.5348.22July 3, 2020C - Central
77.2086.859.656.823.0720.94C - Central
93.0596.503.451.724.107.05C - Central
FTS185943.4054.0510.658.393.9533.14July 7, 2020C - Central
61.8566.804.953.507.8227.37C - Central
118.15123.905.754.405.6024.64C - Central
FTS186043.0046.753.752.411.844.43July 7, 2020C - Central
147.55151.003.452.632.205.79C - Central
FTS186155.0057.252.251.843.165.81July 14, 2020C - Central
80.7083.452.751.762.744.82C - Central
FTS186285.1087.102.002.001.302.60July 16, 2020C - Central
FTS186358.8562.753.903.382.026.83July 16, 2020C - Central
FTS186446.5555.408.854.922.8313.92July 22, 2020C - Central
192.05197.455.402.744.6912.85C - Central
FTS186527.2539.3512.1011.505.9868.77August 3, 2020C - Central
45.6047.551.951.944.849.39C - Central
71.9079.958.057.972.6120.80C - Central
85.3087.702.402.393.869.23C - Central
FTS186648.6551.753.103.0114.4843.58August 3, 2020C - Central
FTS186756.2058.202.002.006.3112.62August 3, 2020C - Central
76.8080.603.803.801.084.10C - Central
FTS186839.2045.806.606.602.4616.24August 5, 2020C - Central
112.70113.751.051.053.233.39C - Central
FTS186938.4541.753.303.301.785.87August 5, 2020C - Central
FTS196160.0560.950.900.903.973.57August 5, 2020C - Central
FTS196248.6052.854.253.252.909.43August 15, 2020C - Central
FTS196354.7059.705.004.692.2310.46August 31, 2020C - Central
75.9079.103.202.012.505.03C - Central
FTS1964109.85110.750.900.683.092.10August 31, 2020C - Central

Appendix 4

Pilar Drill Intercepts 2020

Summary of Significant Intersections, Drilling Program 
Jaguar Mining Inc. – Pilar Mine
Hole IDFrom
(m)
To
(m)
DownHole
Interval (m)
Estimated
True Width (m)
Gold Grade
(g/t Au)
GT
(ETW)
Date
(mm/dd/yyyy)
Orebody
PPL662190.90195.004.103.504.8216.875/4/2020BFII
218.00227.009.007.301.4610.66BF
232.00243.0011.009.002.6824.12BF
278.00280.002.001.705.659.61LPA
PPL568180.90182.801.901.851.753.245/4/2020BF
183.53186.502.972.001.693.38BF
188.50195.206.702.752.196.02BF
210.00217.667.662.352.265.31BF
230.00234.504.503.501.806.30LPA
PPL661169.00172.583.583.304.7515.685/4/2020BFII
174.00178.004.003.5029.07101.75BFII
194.00199.835.832.302.225.11BF
231.90234.002.101.909.2817.63BF
FSB85811.3012.401.100.909.638.675/4/2020BF
14.9016.401.501.254.816.01BF
18.5520.151.601.3012.4616.20BF
25.7028.202.502.004.909.80BF
PPL6407.4013.105.703.203.8012.165/4/2020LFW
14.8516.351.500.8611.399.80LFW
FSB8425.808.202.402.301.413.245/15/2020BFII
40.7043.102.402.002.444.88LFW
PPL654No impacts5/15/2020-
FSB88617.5022.004.503.455.4018.635/15/2020LPA
33.5035.051.551.204.775.72BF
PPL579185.00196.9211.925.342.7714.795/15/2020BFIII
206.48218.4011.924.267.3931.48BF
227.00232.105.104.602.4711.36BF
PPL566227.85229.852.001.902.164.105/15/2020LPA
PPL66972.8074.802.001.859.9118.335/15/2020SW
76.8085.909.108.953.7733.747/7/2020SW
PPL66535.5540.655.103.0011.2633.785/15/2020SW
52.4058.406.002.834.3512.31SW
62.2565.253.001.406.008.40SW
FSB88724.4029.354.954.309.4240.515/15/2020LPA
FSB89431.7036.705.003.306.0219.875/15/2020LPA
PPL64432.7041.108.407.6812.3995.165/15/2020SW
15.7018.703.003.000.952.85LFW
PPL670175.40179.554.152.481.624.025/15/2020-
PPL585No impacts5/15/2020-
PPL69035.4042.407.005.352.4112.895/15/2020SW
PPL56252.0056.004.003.401.655.615/15/2020-
128.00130.002.001.655.438.96 BFII
FSB831A40.8548.958.103.951.003.955/15/2020BA
PPL664183.40193.009.604.182.9012.125/15/2020LFW
204.00227.0023.008.552.0817.78BF
231.00237.006.003.4010.6636.24LPA
PPL5876.8011.704.901.701.833.115/15/2020BF
90.0091.001.000.901.000.90TORRE
PPL5921.507.506.005.001.819.055/15/2020BF
FSB83821.1522.651.501.308.7611.395/22/2020BFII
PPL655No impacts5/22/2020-
PPL565No impacts5/22/2020-
PPL564217.00220.333.332.704.7512.835/22/2020-
PPL68739.0042.103.102.402.947.065/22/2020BFII
47.5049.001.501.152.843.27BFII
56.9065.008.106.205.6935.28BFII Lente
66.0068.752.752.155.9712.84BFII
187.00192.005.004.301.606.88LFW
208.00216.508.507.605.5742.33LFW
PPL653No impacts5/22/2020-
PPL5800.003.003.002.806.7818.985/22/2020BF
20.0024.404.404.003.7314.92BF
29.3434.004.664.303.6515.70-
FSB81611.2514.253.002.501.022.555/22/2020-
31.7538.256.505.501.176.44BFIII
PPL689104.95115.9010.9510.107.0571.216/1/2020SW
PPL62913.2019.005.805.447.4240.366/1/2020BA
43.2045.202.001.851.983.66TORRE
55.7061.706.005.502.3913.15TORRE
61.7064.202.502.202.675.87TORRE
PPL66622.2528.706.452.002.234.466/1/2020SW
52.8555.853.001.403.865.40SW
PPL6412.007.005.002.343.057.146/1/2020LFW
9.8213.003.181.105.566.12LFW
61.0065.384.381.471.942.85SW
FSB819No impacts6/12/2020-
FSB817A45.7547.752.001.502.153.236/12/2020BFIII
FSB84310.6012.602.001.904.067.716/12/2020BFII
23.5526.603.052.902.096.06BFIII
PPL64313.0019.006.002.361.212.866/12/2020LFW
23.0024.881.881.002.142.14LFW
PPL694210.45226.0015.556.201.579.736/12/2020LFW
229.00241.8012.805.094.5122.96LFW
253.10272.1019.006.143.6222.23BF
FSB888No impacts6/12/2020-
FSB8370.002.152.152.104.719.896/12/2020BFII
6.009.003.001.421.311.86BFII
33.0035.052.051.324.535.98BFII
PPL672A47.0049.352.352.1012.5126.276/12/2020BFII
PPL66725.1029.804.704.302.018.646/22/2020LFW
42.7045.703.002.752.907.98LFW
49.7051.702.001.854.458.23SW
PPL5810.0012.0012.009.551.2311.756/22/2020BF
18.0022.004.003.183.3510.65BF
46.0055.009.006.944.7432.90BA
PPL6422.9511.508.553.502.719.496/22/2020LFW
PPL66855.6061.255.654.973.9919.836/22/2020SW
PPL673No impacts6/22/2020-
PPL6912.8019.0516.259.222.6524.436/22/2020LFW
FSB882No impacts6/22/2020-
PPL64852.0054.002.001.303.224.196/22/2020SW
PPL5919.0012.503.502.803.188.906/22/2020BF
24.0033.259.252.601.834.76BF
95.0099.244.241.601.572.516/26/2020BA
112.50116.504.001.632.724.436/1/2020BA
148.00153.005.002.381.423.38TORRE
PPL597169.80172.803.002.502.215.536/26/2020BA
PPL599No impacts6/26/2020-
FSB883No impacts6/26/2020-
FSB884A0.0010.5510.554.175.1021.276/26/2020TORRE
FSB895No impacts6/26/2020-
FSB885No impacts6/26/2020-
FSB86621.0025.004.003.503.5512.437/1/2020LFW/BF
FSB8679.0018.009.007.901.098.617/1/2020BF
FSB8220.0012.2012.205.702.7615.737/1/2020BFII
FSB86520.5523.002.452.104.739.937/1/2020BF
PPL7249.8019.409.604.481.597.127/1/2020LFW
31.9035.954.052.796.3417.69SW
PPL725No impacts7/1/2020-
PPL7284.007.203.202.2027.9861.567/11/2020SW
10.0013.003.002.101.924.03SW
22.1732.9610.795.508.4546.48SW
59.0062.003.007.781.7113.30SW
105.00110.005.004.002.5710.28SW
PPL71953.3560.607.255.041.618.117/11/2020SW
62.3075.9013.609.003.6032.40SW
PPL70337.1070.4533.359.036.8862.137/11/2020BF
PPL70521.8024.752.950.872.071.807/11/2020BFII
28.4034.406.001.8115.3827.84BFII
49.2566.0516.805.802.7816.12LFW
PPL680No impacts7/11/2020-
PPL70144.5056.6512.155.415.5129.817/11/2020BFII
69.0073.954.952.303.227.41LFW
PPL68652.5055.503.002.862.366.757/11/2020BFII
61.0065.704.701.655.499.067/11/2020BFII
86.1090.003.903.253.3210.797/18/2020LFW
FSB91113.0015.002.001.901.963.727/18/2020BF
PPL416No impacts7/18/2020-
FSB90916.0029.4913.494.322.6211.327/18/2020BF
FSB87922.0028.506.503.304.0513.377/18/2020BFII
PPL70733.2035.952.751.975.3410.527/24/2020BFII
46.7049.402.702.001.903.80BFII
67.6070.152.551.885.6310.58LFW
PPL76714.1516.202.051.674.086.817/24/2020TORRE
53.6056.703.102.564.2010.75BA
FSB880No impacts7/24/2020-
PPL70433.0039.916.911.603.665.867/24/2020BFII
48.0051.753.752.107.5615.88BFII
PPL693171.62181.8510.234.204.5819.248/10/2020LFW
186.75191.604.852.802.296.41LFW
217.70242.5024.806.503.7224.18BF/LPA
PPL72732.0041.009.004.143.5814.828/10/2020SW
43.0049.836.832.941.353.97SW
69.0073.004.003.572.248.00SW
PPL7728.3012.354.051.803.065.518/10/2020TORRE
106.45110.504.052.331.142.66BA
FSB902No impacts8/10/2020-
PPL73133.0039.006.001.673.756.268/10/2020BFII
40.1053.0012.903.574.1514.82BF
56.0058.002.001.158.089.29LPA
61.0071.0010.002.834.9814.09LPA
FSB9030.009.409.403.583.8413.758/10/2020BFII
FSB906No impacts8/10/2020-
PPL726184.65189.655.002.505.7414.358/15/2020LFW
197.50202.905.402.504.8012.00BF
209.50212.002.502.301.914.39BF
214.00220.006.005.302.2912.14BF
231.00241.0010.004.207.3330.79LPA
244.00248.004.002.002.995.98LPA
FSB9121.003.002.001.653.295.438/15/2020BF
FSB914No impacts8/15/2020-
PPL76912.0516.754.702.812.757.738/15/2020TORRE
17.7021.553.852.302.054.72TORRE
52.6557.454.803.014.5713.76BA/TORRE
FSB891No impacts8/15/2020-
FSB915No impacts8/23/2020-
PPL800106.05110.904.854.701.115.228/28/2020LFW
113.40123.4010.003.505.7320.06LFW
135.40139.404.001.9012.6524.04BF
148.40159.4011.004.004.0516.20BF
181.40187.406.002.454.4310.85LPA
PPL729No impacts8/23/2020-
FSB893No impacts8/23/2020-
FSB89218.0026.008.002.906.5619.028/23/2020BF
27.0030.803.801.954.278.33BFII
PPL702329.00331.202.201.853.436.358/23/2020BA
PPL68439.8043.103.302.702.767.458/28/2020BFII
48.2055.006.805.701.8610.60BFII
59.5562.352.802.301.573.61BFII
PPL750117.80121.053.251.888.8116.568/28/2020LFW
128.40138.4510.053.247.7024.95LFW