Precious Metals
Jaguar Mining (TSX:JAG) Announces New High-Grade Intercepts at Turmalina Complex
Jaguar Mining (TSX:JAG) has reported new results from exploration and growth activities at the Turmalina Complex in Minas Gerais, Brazil. The company has…
Jaguar Mining (TSX:JAG) has reported new results from exploration and growth activities at the Turmalina Complex in Minas Gerais, Brazil. The company has continued to expand on previous results at the project from several priority diamond drill campaigns begun in the fourth quarter of 2022. These campaigns focussed on high-grade extensions of mineralizations discovered earlier in 2022.
New exploration diamond drilling was focussed on high-grade mineralization in the C Structure at Turmalina, follow-up step-out drilling at the Pontal South Discovery, as well as high-grade targets within the B Structure, which were also at shallow levels in the mine.
Jaguar Mining sees the results so far as encouraging, with high grades over mineable widths reported from various areas within the C and B Mineralized Structures, including the identification of a new structure within the footwall of the C Structure.
At the Pontal South Discovery, the company’s step-out drilling has demonstrated continuity of high-grade mineralization to depth down plunge. Jaguar Mining is also drilling at the Faina Growth Project, completing approximately 15,359 metres of infill resource conversion drilling across 46 holes with the goal of converting the published Inferred Mineral Resource to an Indicated Mineral Resource.
Drilling at the Faina Growth Project confirmed high-grade characteristics of this mineralization and continuity within the deposit. Drilling also underpins geological and grade models for the important project. Jaguar Mining expects to publish updated Mineral Reserves and Mineral Resources with the AIF sometime in March 2023.
Vern Baker CEO of Jaguar Mining, commented in a press release: “I am very excited about the positive drill results reported today as they support the Company’s organic growth plans and ultimately our future production profile. The high grades in the C and B Structures are at shallow levels and close to development in these sectors of the mine which justifies our plan to focus production in these areas and support ongoing underground access development towards the Faina Resource. The success of infill drilling at Faina and the continued definition of new mineralized areas along the main structural trend continue to demonstrate the upside potential of this trend.”
Highlights from the results are as follows:
- 22.87 g/t Au over an estimated true width of 5.4m in Orebody CNW
- 13.54 g/t Au over an estimated true width of 6.4m in Orebody B
- 7.98 g/t Au over 5.2m* in Pontal South
- 9.51 g/t Au over 9.8m*in Faina Resource Conversion Infill Drilling * (Drilled width – true width unknown)
C- Structure Mineralization
11.56 g/t Au over 4.6m
8.08 g/t Au over 6.8m
22.87 g/t Au over 5.4m
B- Structure Mineralization
11.58 g/t Au over 7.6m
9.60 g/t Au over 6.2m
13.54 g/t Au over 6.4m
Pontal South Exploration Target
2.44 g/t Au over 19.6 m* (including 3.28 g/t Au over 12.7m*)
4.69 g/t Au over 10.1 m* (including 7.98 g/t Au over 5.2m*)
* (Drilled widths -true width unknown)
Faina Project Infill Drilling Results
4.40 g/t Au over 23.3m* (including 9.51 g/t Au over 9.8 m*)
7.10 g/t Au over 11.0m* (including 8.20 g/t Au over 9.0m*)
9.57 g/t Au over 6.80 m* (including 77.7 g/t Au over 0.8 m*)
* (Drilled widths -true width unknown))
Table 1 – Best Drilling Intersections C-Structure with Grade x Thickness (GT) > 25 in the Turmalina Complex
Summary of Diamond Drill Intersections
Orebody C Structure Turmalina Mine |
||||||
Hole ID | From (m) | To (m) | DownHole Interval (m) | Estimated True Width (ETW) (m) | Gold Grade (g/t Au) | GT
(Grade x ETW) |
FTS2165 | 60.4 | 70.3 | 9.82 | 6.6 | 3.88 | 26 |
FTS2280 | 132.4 | 138.8 | 6.34 | 4.6 | 11.56 | 53 |
FTS2285 | 147.1 | 155.8 | 8.67 | 6.80 | 8.08 | 55 |
FTS2218 | 159.7 | 165.7 | 6.05 | 5.4 | 22.87 | 124 |
Table 2 – Best Drilling Intersections B-Structure
Summary of Diamond Drill Intersections
Orebody B Structure Turmalina Mine |
||||||
Hole ID | From (m) | To (m) | DownHole Interval (m) | Estimated
True Width (ETW) (m) |
Gold Grade (g/t Au) | GT
(Grade x ETW) |
GR390LM01 | 65.3 | 84.4 | 19.1 | 7.6 | 11.58 | 88 |
B390LM12 | 4.6 | 11.6 | 7.0 | 6.2 | 9.60 | 59 |
B390LM11 | 2.3 | 9.8 | 7.5 | 6.4 | 13.54 | 86 |
Table 3 – Best Drilling Intersections Pontal South
Summary of Diamond Drill Intersections
Orebody Pontal South Structure |
|||||
Hole ID | From (m) | To (m) | DownHole Interval (m) | Gold Grade (g/t Au) | GT*
(Grade x Thickness) |
PTL105 | 255.0 | 265.1 | 10.1 | 4.69 | 47 |
Including | 258.0 | 263.2 | 5.2 | 7.98 | 41 |
GT*: (Drilled width – true width unknown)
Table 4 – Faina Resource Conversion Infill Drilling – Best Intersections
Summary of Diamond Drill Intersections | |||||
Faina Resource Conversion Infill Drilling – Best Intersections | |||||
Hole ID | From (m) | To (m) | DownHole Interval (m) | Gold Grade (g/t Au) | GT*
(Grade x Thickness) |
FUH180 | 216.2 | 236.9 | 20.8 | 2.52 | 52 |
Including | 222.4 | 227.0 | 4.6 | 6.28 | 29 |
FUH183 | 192.6 | 205.7 | 13.1 | 3.69 | 48 |
Including | 204.7 | 205.7 | 1.0 | 24.80 | 25 |
FUH185 | 61.9 | 77.5 | 15.6 | 3.27 | 51 |
Including | 74.5 | 77.5 | 3.0 | 9.42 | 28 |
FUH185 | 158.9 | 168.7 | 9.8 | 4.58 | 45 |
Including | 164.0 | 168.7 | 4.7 | 7.28 | 34 |
FUH193 | 146.8 | 170.9 | 24.1 | 1.92 | 46 |
Including | 160.6 | 162.3 | 1.7 | 8.27 | 14 |
FUH196 | 279.0 | 290.0 | 11.0 | 7.10 | 78 |
Including | 280.0 | 289.0 | 9.0 | 8.20 | 74 |
FUH205 | 289.2 | 296.0 | 6.8 | 9.57 | 65 |
Including | 289.2 | 290.0 | 0.8 | 77.70 | 62 |
FUH208 | 196.5 | 224.0 | 27.6 | 2.22 | 61 |
Including | 201.5 | 209.2 | 7.7 | 5.18 | 40 |
GT*: (Drilled width – true width unknown)
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
The post Jaguar Mining (TSX:JAG) Announces New High-Grade Intercepts at Turmalina Complex appeared first on MiningFeeds.
Canadian Silver Co. Will See Big Changes in 2024
Source: Michael Ballanger 12/22/2023
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market and shares on stock…
EGR options out Urban Berry project in Quebec to Harvest Gold – Richard Mills
2023.12.23
EGR Exploration Ltd. (TSXV: EGR) has moved from owner to shareholder at its Urban Berry project in Quebec, this week announcing it is optioning…
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…