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Jaguar Mining Provides Update on Faina Development and Drilling Activities

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Jaguar Mining (TSX:JAG, OTCQX:JAGGF) has provided an update on development and drilling activities at its Faina deposit, part of the MTL mining complex in Minas Gerais, Brazil. Key highlights include:

- First tonnage from Faina processed at Turmalina plant, producing 414 gold ounces in Q2 2024
- Probable Mineral Reserves at Faina: 132 koz (787 kt @ 5.22 g/t Au)
- 4,439m of primary access development completed since 2022
- High-grade intersections in recent drilling, including 8.95 g/t Au over 14.29m and 5.44 g/t Au over 18.23m
- Planned production increase to +300,000 tonnes per year from 2026 onwards

The company expects continuing development and first stope production from Faina in H2 2024, with strong growth anticipated in 2025.

Jaguar Mining (TSX:JAG, OTCQX:JAGGF) ha fornito un aggiornamento sulle attività di sviluppo e di perforazione presso il suo deposito Faina, parte del complesso minerario MTL in Minas Gerais, Brasile. Le principali novità includono:

- Prima quantità di materiale dal deposito Faina lavorata presso l'impianto Turmalina, producendo 414 once d'oro nel secondo trimestre del 2024
- Riserve Minerarie Probabili a Faina: 132 koz (787 kt @ 5,22 g/t Au)
- 4.439 m di sviluppo dell'accesso primario completati dal 2022
- Intersezioni ad alta gradazione nelle recenti perforazioni, inclusi 8,95 g/t Au su 14,29 m e 5,44 g/t Au su 18,23 m
- Aumento della produzione previsto a +300.000 tonnellate all'anno a partire dal 2026

La società prevede un continuo sviluppo e la prima produzione dallo stope di Faina nel secondo semestre del 2024, con una forte crescita attesa nel 2025.

Jaguar Mining (TSX:JAG, OTCQX:JAGGF) ha proporcionado una actualización sobre las actividades de desarrollo y perforación en su depósito Faina, parte del complejo minero MTL en Minas Gerais, Brasil. Los puntos destacados incluyen:

- Primera cantidad de material del depósito Faina procesada en la planta Turmalina, produciendo 414 onzas de oro en el segundo trimestre de 2024
- Reservas Minerales Probables en Faina: 132 koz (787 kt @ 5.22 g/t Au)
- 4,439 m de desarrollo de acceso primario completados desde 2022
- Intersecciones de alta ley en las recientes perforaciones, incluyendo 8.95 g/t Au sobre 14.29 m y 5.44 g/t Au sobre 18.23 m
- Aumento de producción planificado a más de 300,000 toneladas por año a partir de 2026

La compañía espera continuar el desarrollo y la primera producción de mina de Faina en la segunda mitad de 2024, con un fuerte crecimiento anticipado en 2025.

재규어 마이닝 (TSX:JAG, OTCQX:JAGGF)은 브라질 미나스 제라이스의 MTL 광산 단지의 파이나 매장지에서 진행 중인 개발 및 시추 활동에 대한 업데이트를 제공했습니다. 주요 내용은 다음과 같습니다:

- 파이나에서의 첫 제품량이 투르말리나 공장에서 처리되어 2024년 2분기에 414 온스의 금을 생산했습니다.
- 파이나의 추정 광상 매장량: 132 koz (787 kt @ 5.22 g/t Au)
- 2022년 이후 완료된 주요 접근 개발: 4,439m
- 최근 시추에서의 고품질 교차점, 포함: 14.29m에서 8.95 g/t Au 및 18.23m에서 5.44 g/t Au
- 2026년부터 연간 +300,000톤의 생산 증가 계획

회사는 2024년 하반기에 파이나에서 계속 개발과 첫 광구 생산을 기대하고 있으며, 2025년에 강한 성장이 예상되고 있습니다.

Jaguar Mining (TSX:JAG, OTCQX:JAGGF) a fourni une mise à jour sur les activités de développement et de forage concernant son gisement Faina, qui fait partie du complexe minier MTL à Minas Gerais, Brésil. Les points clés incluent :

- Première tonnage du gisement Faina traité à l'usine Turmalina, produisant 414 onces d'or au deuxième trimestre 2024
- Réserves minérales probables à Faina : 132 koz (787 kt @ 5,22 g/t Au)
- 4 439 m de développement d'accès primaire achevés depuis 2022
- Intersections à haute teneur lors des forages récents, notamment 8,95 g/t Au sur 14,29 m et 5,44 g/t Au sur 18,23 m
- Augmentation de la production prévue à +300 000 tonnes par an à partir de 2026

L'entreprise s'attend à un développement continu et à la première production du gisement Faina au second semestre 2024, avec une forte croissance prévue en 2025.

Jaguar Mining (TSX:JAG, OTCQX:JAGGF) hat ein Update zu den Entwicklungs- und Bohraktivitäten im Faina-Vorkommen, einem Teil des MTL-Bergbaukomplexes in Minas Gerais, Brasilien, bereitgestellt. Wichtige Highlights sind:

- Erste Tonnage aus Faina wurde in der Turmalina-Anlage verarbeitet und produzierte im 2. Quartal 2024 414 Unzen Gold
- Wahrscheinliche Mineralreserven in Faina: 132 koz (787 kt @ 5,22 g/t Au)
- 4.439 m primäre Zugangserschließung seit 2022 abgeschlossen
- Hochgradige Einschnitte in den jüngsten Bohrungen, darunter 8,95 g/t Au über 14,29 m und 5,44 g/t Au über 18,23 m
- Geplante Produktionssteigerung auf über 300.000 Tonnen pro Jahr ab 2026

Das Unternehmen erwartet eine fortgesetzte Entwicklung und die erste Ständchenproduktion aus Faina in der zweiten Hälfte von 2024, mit starkem Wachstum, das 2025 erwartet wird.

Positive
  • First tonnage from Faina processed, producing 414 gold ounces in Q2 2024
  • High-grade intersections in recent drilling, including 8.95 g/t Au over 14.29m
  • Development rates slightly above plan, with stope production expected in coming months
  • Planned production increase to +300,000 tonnes per year from 2026 onwards
Negative
  • None.

HIGH GRADES AND MINERALIZED THICKNESSES IN DEVELOPMENT AND DIAMOND DRILL HOLES ON H-LENS

DIAMOND DRILLING - H LENS

8.95 g/t Au over an estimated true width of 14.29m in hole FH425LM07

5.44 g/t Au over an estimated true width of 18.23m in hole FH425LM09

5.17 g/t Au over an estimated true width of 17.96m in hole FH425LM12

TORONTO, ON / ACCESSWIRE / August 29, 2024 / Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG)(OTCQX:JAGGF) is pleased to provide an update on mine development and drilling at its Faina deposit ("Faina"). Faina is a north-western extension of the ore zones at the Turmalina mine, as part of the Company's MTL mining complex located in the state of Minas Gerais, Brazil, approximately 130 kilometers northwest of the city of Belo Horizonte.

During the second quarter (see press release dated August 7, 2024), Turmalina achieved a milestone with the first tonnage from the Faina deposit being milled. Faina ore generated by access development was processed at the Turmalina plant which produced 414 gold ounces. Continuing development and first stope production from the Faina deposit are expected in the second half of 2024.

Probable Mineral Reserves at Faina (as at December 2023) are reported as 132 koz (787 kt @ 5.22 g/t Au) within Measured and Indicated Mineral Resources of 233 koz (1,427 kt @ 5.08 g/t Au) and Inferred Mineral Resources of 232 koz (1,420 kt @ 5.09 g/t Au) (see Press Release dated December 18, 2023). Mineral Reserves and Mineral Resources at Faina will be updated with 2024 metrics in the first quarter of 2025.

Since development of Faina commenced in 2022, approximately 4,439m of primary access development from the Turmalina mine to the Faina deposit has been achieved, with approximately 1,158m of development completed since the start of 2024, including approximately 155m of secondary productive development. To date, the Company has invested approximately US$16 million in capital at Faina which has mainly been spent on infill diamond drilling, metallurgical test work, access development and studies.

Vern Baker, President, and CEO of Jaguar Mining stated: "Progress at Faina on ramps and orebody access is advancing better than expected. We are also pushing definition diamond drilling as development opens up positions for diamond drilling. Currently, we have two drills working at Faina to define the ore zones that we will utilize for preliminary production in 2024 and for planned production levels in 2025. High grade mineralization intersected in recent development and drilling over good thicknesses continues to underpin our high confidence in this orebody. Our development rates continue to be slightly above plan, and we expect to see some stope production over the next several months. Our plan is focused on providing the sub-level accesses to grow production rapidly in 2025. The team at Faina is in the process of redefining the geological model with a focus on expanding the Mineral Resources inventory and conversion of Inferred Mineral Resources to higher-classification categories. We expect 2025 to be a year of strong growth at Faina while we position these orebodies to produce at +300,000 tonnes per year from 2026 onwards while also increasing our inventory of resources within those orebodies."

Figure 1. Location of the MTL mining complex, Turmalina mine including the Faina deposit, relative to Jaguar's other operational areas in Minas Gerais, Brazil

Figure 2. Location of the Faina deposit as the north-western extension of zones at the Turmalina mine, within Jaguar´s MTL mining complex

Figure 3. Long Section showing the location of access development from existing zones of the Turmalina mine to the northwest and the Faina deposit

Faina Mineralization

Gold mineralization is hosted within a series of six separate structurally and stratigraphically controlled mineralized lenses defined as lens E (undifferentiated chemical sediments), and lens F to lens J (meta-mafic rocks). Recent development and diamond drilling has focused on the H-Lens where high grade mineralization over true thicknesses > 10m have been intersected. This infill drilling and access development is enabling the geological team at Faina to refine the geological and structural model which is already informing the detailed designs for planned stope and production areas in the second half of 2024 and into 2025.

Faina Diamond Drilling and Channel Sampling Results

Resource definition diamond drilling has reported high grade intercepts with grade x thickness (GT) values greater than 25 (GT) on H-Lens (Central) which are tabulated below in Table 1. A plan view showing the location of the diamond drill impact results is presented below in Figure 4.

Table 1. Significant diamond drilling impacts with grade x thickness (GT) > 25

Figure 4A. Plan view showing the location of access development from Turmalina mine to Faina and recent diamond drilling and channel sampling intersections on H-Lens

Figure 4B. Plan view showing the location of access development to Faina and recent diamond drilling and channel sampling intersections on H-Lens

Figure 4C. Section view showing the location of recent diamond drilling intersections on H-Lens (Central)

Faina Lens H Development Channel Sample Results

Positive channel sampling results have been intersected in access development on Lens H. An example of channel sample results and geology over a 25m strike length in Lens H is presented below in Figure 5. The individual sample results and composites are presented and tabulated in Appendix 1, Table 3.

Figure 5. Faina development gallery (Lens H - central), showing the channels with individual sample gold assay results

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, Advisor Exploration and Geology to Jaguar Mining Inc., and is a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

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.

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. 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 MTL Mining Complex (Turmalina Mine and Plant) and Caeté Mining Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Mining Complex, which has been on care and maintenance since 2012. The Roça Grande Mine has been on temporary care and maintenance since April 2019. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

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

Alfred Colas
Chief Financial Officer
Jaguar Mining Inc.
alfred.colas@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 made 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," "anticipates," "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. This news release contains forward-looking information regarding, among other things, the duration of the temporary suspension of the Company's 2023 production guidance in ounces and costs, the expected future release of new guidance for 2023, the anticipated impact of planned changes in mining systems and cost cutting initiatives on the Company's future performance and production results, information related to expected sales, production statistics, ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation drilling, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, restarting suspended or disrupted operations, continuous improvement initiatives, and resolution of pending litigation. The Company has made numerous assumptions with respect to forward-looking information contained herein, including, among other things, assumptions about the estimated timeline for the development of 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; 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 the forecast plans regarding its operations and financial performance; uncertainties with respect to the price of gold, labour 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 environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, procurement fraud and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Accordingly, readers should not place undue reliance on forward-looking information.

For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Annual Information Form and Management's Discussion and Analysis, as well as other public disclosure documents that can be accessed under the issuer profile of "Jaguar Mining Inc." on SEDAR+ at www.sedarplus.ca. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

APPENDIX 1

Table 2. Faina Diamond Drilling Results

Summary of Significant Intersections, Drilling Program
Jaguar Mining Inc. - Turmalina Mine-Faina

Hole ID

From (m)

To (m)

DownHole Interval (m)

Estimated True Width (m)

Gold Grade (g/t Au)

GT (ETW)

Date (mm/dd/yyyy)

Orebody

Laboratory (RG or ALS)

Drilling Company

FAI0025

20.26

22.15

1.89

0.75

2.53

1.89

April 8, 2024

Faina G

RG

JAGUAR

FAI0025

58.15

61.47

3.32

1.03

0.68

0.70

Faina F

FAI0025

95.06

95.90

0.84

no lens

0.55

no lens

Faina E

FAI0026

51.54

52.94

1.40

0.59

1.47

no lens

April 9, 2024

Faina G

RG

JAGUAR

FAI0026

98.47

103.29

4.82

no lens

0.59

no lens

Faina

FAI0026

109.24

110.77

1.53

0.97

1.37

1.32

Faina F

FAI0027

30.80

35.78

4.98

no lens

1.08

no lens

April 25, 2024

Faina

RG

JAGUAR

FAI0027

42.40

43.51

1.11

1.10

2.58

2.84

Faina H Central

FAI0027

59.35

60.43

1.08

no lens

0.66

no lens

Faina

FAI0027

65.95

67.04

1.09

0.88

8.48

7.46

Faina J

FAI0028

92.11

93.02

0.91

0.68

4.15

2.82

April 30, 2024

Faina H Central

RG

JAGUAR

FAI0028

119.90

125.92

6.02

4.47

2.64

11.79

Faina J

FAI0028

129.83

132.94

3.11

no lens

1.69

no lens

Faina

FAI0028

137.87

138.60

0.73

no lens

5.01

no lens

Faina

FAI0029

58.06

62.78

4.72

4.34

7.38

32.02

May 3, 2024

Faina H Central

RG

JAGUAR

FAI0029

65.55

72.82

7.27

5.56

3.10

17.25

Faina J

FAI0030

17.90

18.90

1.00

no lens

1.21

no lens

May 6, 2024

Faina

RG

JAGUAR

FAI0030

96.40

98.60

2.20

no lens

6.09

no lens

Faina HNW

FAI0030

101.70

102.46

0.76

no lens

3.32

no lens

Faina

FAI0030

126.40

130.35

3.95

2.86

10.86

31.05

Faina H Central

FAI0030

135.40

136.10

0.70

no lens

3.83

no lens

Faina J

FAI0031

77.17

81.07

3.90

3.07

3.24

9.94

May 13, 2024

Faina H Central

RG

JAGUAR

FAI0031

83.25

90.02

6.77

3.99

1.82

7.26

Faina J

FAI0031

101.40

102.40

1.00

no lens

3.97

no lens

Faina

FAI0033

NO IMPACT

May 11, 2024

Faina

RG

JAGUAR

FAI0034

NO IMPACT

May 11, 2024

Faina

RG

JAGUAR

FAI0035

0.00

0.78

0.78

0.76

3.49

2.65

May 11, 2024

Faina I

RG

JAGUAR

FAI0035

7.32

8.10

0.78

no lens

1.42

no lens

Faina

FAI0036

12.15

13.08

0.93

no lens

3.52

no lens

May 11, 2024

Faina

RG

JAGUAR

FAI0037

0.82

1.74

0.92

0.74

2.72

2.01

May 10, 2024

Faina I

RG

JAGUAR

FAI0038

0.00

3.85

3.85

3.11

2.88

8.97

May 10, 2024

Faina I

RG

JAGUAR

FAI0039

2.03

2.85

0.82

no lens

3.44

no lens

May 17, 2024

Faina

RG

JAGUAR

FAI0040

NO IMPACT

May 16, 2024

Faina

RG

JAGUAR

FAI0041

2.25

3.32

1.07

0.84

3.97

3.33

May 16, 2024

Faina

RG

JAGUAR

FAI0043

8.03

8.86

0.83

no lens

1.31

no lens

May 21, 2024

Faina I

RG

JAGUAR

FAI0043

40.12

41.22

1.10

no lens

2.72

no lens

Faina

FAI0043

58.93

60.00

1.07

no lens

2.72

no lens

Faina

FAI0043

105.87

111.23

5.36

no lens

3.83

no lens

Faina

FAI0044

6.95

7.75

0.80

no lens

3.83

no lens

June 12, 2024

Faina

RG

JAGUAR

FAI0044

152.26

153.03

0.77

no lens

1.36

no lens

Faina I

FAI0045

NO IMPACT

June 18, 2024

Faina

RG

JAGUAR

FAI0060

1.52

4.50

2.98

2.19

8.21

17.98

August 19, 2024

Faina H Central

RG

JAGUAR

FAI0060

2.46

4.50

2.04

1.59

11.12

17.69

August 19, 2024

Faina H Central

RG

JAGUAR

FAI0060

9.88

10.69

0.81

0.52

1.29

0.67

August 19, 2024

Faina

RG

JAGUAR

FAI0060

36.34

44.63

8.29

6.45

5.31

34.27

August 19, 2024

Faina J

RG

JAGUAR

FAI0060

37.10

40.20

3.10

2.33

9.29

21.64

August 19, 2024

Faina J

RG

JAGUAR

FAI0060

47.82

64.55

16.73

13.52

2.09

28.25

August 19, 2024

Faina J

RG

JAGUAR

FH425LM01

13.03

17.45

4.42

3.99

7.61

30.37

June 4, 2024

Faina H Central

RG

JAGUAR

FH425LM02

6.17

6.87

0.70

no lens

3.29

no lens

June 13, 2024

Faina

RG

JAGUAR

FH425LM02

42.98

51.20

8.22

no lens

2.30

no lens

Faina

FH425LM02

48.89

51.20

2.31

2.14

4.40

9.43

Faina J

FH425LM02

63.15

65.36

2.21

no lens

4.00

no lens

Faina

FH425LM03

NO IMPACT

June 13, 2024

Faina

RG

JAGUAR

FH425LM04

30.17

32.98

2.81

no lens

2.61

no lens

June 17, 2024

Faina

RG

JAGUAR

FH425LM05

NO IMPACT

June 17, 2024

Faina

RG

JAGUAR

FH425LM07

14.76

42.16

27.40

14.29

8.95

127.91

July 24, 2024

Faina H Central

RG

JAGUAR

FH425LM07

79.54

81.15

1.61

no lens

4.34

no lens

Faina J

FH425LM09

11.77

32.85

21.08

18.23

5.44

99.18

July 24, 2024

Faina H Central

RG

JAGUAR

FH425LM09

39.90

41.08

1.18

no lens

1.02

no lens

Faina

FH425LM09

52.70

55.40

2.70

2.68

7.04

18.85

Faina J

FH425LM09

70.21

71.35

1.14

no lens

1.15

no lens

Faina

FH425LM09

72.50

73.55

1.05

no lens

1.89

no lens

Faina

FH425LM09

76.10

80.58

4.48

no lens

4.05

no lens

Faina

FH425LM10

22.74

23.71

0.97

no lens

1.30

no lens

July 24, 2024

Faina

RG

JAGUAR

FH425LM10

34.46

36.36

1.90

1.90

3.29

6.25

Faina H Central

FH425LM10

35.60

36.36

0.76

0.76

7.46

5.67

Faina H Central

FH425LM10

52.55

55.33

2.78

2.76

7.05

19.46

Faina J

FH425LM10

60.38

63.70

3.32

3.18

1.41

4.48

Faina J

FH425LM11

22.92

33.28

10.36

6.53

8.17

53.38

July 30, 2024

Faina H Central

RG

JAGUAR

FH425LM12

31.48

68.27

36.79

17.96

5.17

92.84

July 30, 2024

Faina H Central

RG

JAGUAR

FH425LM13

0.00

1.50

1.50

no lens

1.13

no lens

July 30, 2024

Faina

RG

JAGUAR

Table 3. Faina Diamond Drilling Location Data

Hole ID

Easting (m)

Northing (m)

Elevation (m)

Total Depth (m)

Collar Dip (°)

Collar Azimuth (°)

FAI0001

511903.98

7818045.94

430.09

164.64

5.53

55.00

FAI0002

511903.54

7818046.52

430.05

164.2

6.61

40.00

FAI0003

511903.07

7818110.67

422.44

137.55

10.82

45.01

FAI0004

511902.98

7818110.57

423.8

120.45

33.48

25.00

FAI0005

511869.85

7818171.73

420.12

145.1

10.44

68.99

FAI0006

511955.28

7818182.02

437.25

207.2

4.7

312.00

FAI0007

511959.6

7818184.54

437.11

86.1

-2.76

28.00

FAI0008

511960.44

7818183.38

437.54

50.4

7.11

60.00

FAI0009

511987.9

7818107.38

435.66

73

4.56

70.00

FAI0010

511979.89

7818129.35

436.16

70.05

2.61

60.00

FAI0011

511995.2

7818083.79

435.15

70.13

3.64

70.00

FAI0012

511869.31

7818189.49

419.67

166.43

4.53

345.00

FAI0013

511869.64

7818189.75

419.78

233.37

2.86

352.00

FAI0014

511870.62

7818190.64

419.85

217.34

2.58

12.00

FAI0015

511869.31

7818189.49

419.68

9.5

4

31.00

FAI0016

511775.392

7818344.641

438.427

67.03

-5.1

115.00

FAI0017

511768.24

7818355.15

440.37

86.3

-1.33

55.00

FAI0018

511768

7818355.59

440.17

99.13

-3.39

17.00

FAI0019

511769.46

7818354.16

440.22

89.23

-1.38

70.00

FAI0020

511767.76

7818355.98

440.15

114.77

-3.82

4.00

FAI0021

511778.14

7818349.09

442.2

75.71

2.89

114.00

FAI0022

511777.15

7818348.09

442.25

71.05

-13.31

109.00

FAI0023

511763.26

7818352.32

440.44

99.74

-2.46

240.00

FAI0024

511807.48

7818354.34

402.25

104.15

-4.5

20.00

FAI0025

511764.21

7818356.55

444.02

131.45

-1.39

275.00

FAI0026

511762.32

7818353.43

440.65

144.29

-0.4

286.00

FAI0025

511735.64

7818346.45

441.56

131.45

-1.39

275.00

FAI0026

511735.62

7818346.43

441.73

144.29

-0.40

286.00

FAI0027

511781.76

7818346.08

403.95

97.62

14.74

64.10

FAI0028

511766.36

7818332.61

400.15

138.60

4.21

2.00

FAI0029

511781.34

7818346.83

403.77

91.46

8.31

44.00

FAI0030

511769.32

7818334.81

400.02

155.97

-10.12

13.00

FAI0031

511779.85

7818346.59

402.25

141.50

-9.93

44.00

FAI0033

511964.33

7818262.91

439.55

45.15

0.25

41.10

FAI0034

511963.47

7818268.24

439.60

30.55

-0.26

120.00

FAI0035

511961.84

7818246.32

438.64

10.36

0.48

276.50

FAI0036

511957.95

7818224.04

438.27

17.75

1.35

81.29

FAI0037

511953.06

7818219.80

438.25

15.15

1.09

280.18

FAI0038

511952.69

7818213.19

438.03

10.85

0.15

279.19

FAI0039

511949.42

7818207.27

438.16

31.90

1.51

290.00

FAI0040

511949.91

7818199.35

438.08

11.37

1.92

100.44

FAI0041

511945.13

7818190.73

437.86

10.58

3.45

98.48

FAI0043

511963.08

7818271.29

439.61

117.70

2.66

34.99

FAI0044

511955.94

7818235.34

438.60

192.05

5.33

318.00

FAI0045

511954.87

7818233.89

438.59

194.30

6.82

280.71

FAI0060

511742.87

7818432.87

418.27

78.82

3.42

84.00

FH425LM01

511772.52

7818320.40

433.93

42.73

13.37

68.00

FH425LM02

511798.09

7818330.21

430.33

97.93

4.52

45.00

FH425LM03

511797.61

7818328.79

430.05

53.29

5.37

73.00

FH425LM04

511797.75

7818329.85

430.30

89.23

6.72

100.00

FH425LM05

511771.88

7818315.41

433.86

79.80

6.59

130.00

FH425LM07

511771.40

7818320.69

433.76

85.22

7.97

54.00

FH425LM09

511771.38

7818320.69

434.82

90.90

28.68

51.00

FH425LM10

511770.63

7818320.82

434.85

75.69

29.32

30.00

FH425LM11

511773.28

7818320.38

432.48

57.40

-19.84

78.00

FH425LM12

511771.95

7818320.78

432.61

68.27

-21.20

55.00

FH425LM13

511772.17

7818315.46

432.54

61.70

-13.58

110.00

APPENDIX 2

Table 4. Faina Development Sampling Location Data and Results Lens H (central)

Hole ID

Location data

Summary of channel intersections

Easting (m)

Northing (m)

Elevation (m)

Total Depth (m)

Level

From (m)

To (m)

Channel Interval (m)

Estimated True Width (m)

Gold Grade (g/t Au)

GT (ETW)

Orebody

Lens

FH425EC02C

511818.67

7818330.32

431.32

6.4

425

0

6.4

6.40

6.4

13.31

85.18

Faina

H

FH425EC03C

511821.78

7818330.91

430.81

6.75

425

0

6.75

6.75

6.75

14.42

97.34

Faina

H

FH425EC03P

511821.93

7818331.03

430.11

6.17

425

0

6.17

6.17

6.17

17.31

106.80

Faina

H

FH425EC04C

511826.15

7818330.36

429.96

5.39

425

0

5.39

5.39

5.39

5.61

30.24

Faina

H

FH425EC04P

511825.25

7818330.41

428.8

6.07

425

0

6.07

6.07

6.07

9.42

57.18

Faina

H

FH425EC05C

511819.07

7818332.3

430.63

8.63

425

0

8.63

8.63

5.83

2.46

14.34

Faina

H

FH425EC06C

511820.35

7818335.23

430.38

7.91

425

0

7.91

7.91

4.64

9.9

45.94

Faina

H

FH425EC06P

511820.84

7818336.27

429.09

5.63

425

0

5.63

5.63

4.33

11.46

49.62

Faina

H

FH425ELD03

511822.2

7818325.58

430.46

3.09

425

0

3.09

3.09

3.09

8.16

25.21

Faina

H

FH425EC07P

511792.12

7818329.39

429.36

5.56

425

0

5.56

5.56

3.85

8.3

31.96

Faina

H

FH425EC07C

511792.70

7818329.64

428.37

6.1

425

0

6.1

6.1

2.64

9.72

25.66

Faina

H

FH425EC08P

511793.14

7818333.25

428.25

5.38

425

0

5.38

5.38

3.93

14

55.02

Faina

H

FH425EC08C

511792.96

7818333.49

429.59

5.64

425

0

5.64

5.64

4.22

16.45

69.42

Faina

H

FH425EC09C

511792.84

7818336.08

429.26

6.13

425

0

6.13

6.13

6.13

4.83

29.61

Faina

H

FH425EC10P

511793.84

7818340.34

428.88

5.45

425

0

5.45

5.45

4.59

9.88

45.35

Faina

H

FH425EC10C

511792.99

7818341.08

430.13

6.49

425

0

6.49

6.49

5.83

4.19

24.43

Faina

H

FH425EC12P

511799.49

7818344.59

429.24

5.91

425

0

5.91

5.91

4.89

6.32

30.90

Faina

H

FH425EC12C

511799.61

7818344.49

430.36

6.14

425

0

6.14

6.14

5.15

4.03

20.75

Faina

H

FH425EC13P

511802.32

7818347.29

429.96

6.36

425

0

6.36

6.36

4.6

6.04

27.78

Faina

H

FH425EC13C

511801.92

7818346.52

429.23

6.61

425

0

6.61

6.61

4.78

12.94

61.85

Faina

H

FH425EC14P

511803.70

7818349.49

429.41

5.54

425

0

5.54

5.54

5.54

10.66

59.06

Faina

H

FH425EC14C

511803.84

7818349.95

430.37

5.78

425

0

5.78

5.78

5.19

3.09

16.04

Faina

H

FH405EC05P

511807.30

7818327.92

408.57

5.91

405

0

5.91

5.91

3.61

16.09

58.08

Faina

H

FH405EC05C

511807.32

7818327.49

409.26

6.04

405

0

6.04

6.04

3.88

11.69

45.36

Faina

H

FH405EC06P

511809.99

7818325.97

408.89

5.14

405

0

5.14

5.14

5.14

5.78

29.71

Faina

H

FH405EC06C

511810.02

7818325.63

409.56

5.81

405

0

5.81

5.81

5.81

9.69

56.30

Faina

H

FH405WC02P

511810.86

7818347.89

408.17

5.81

405

0

5.81

5.81

4.78

6.54

31.26

Faina

H

FH405WC02C

511810.77

7818348.12

409.14

5.96

405

0

5.96

5.96

5.96

6.07

36.18

Faina

H

FH405WC03C

511812.44

7818351.22

409.40

5.38

405

0

5.38

5.38

5.38

7.32

39.38

Faina

H

FH405WC05C

511816.83

7818356.98

409.89

4.92

405

0

4.92

4.92

4.92

5.45

26.81

Faina

H

FH405LD

511801.06

7818344.21

407.31

12.84

405

0

12.84

12.84

7.41

5.05

37.42

Faina

H

SOURCE: Jaguar Mining, Inc.



View the original press release on accesswire.com

FAQ

What are the Probable Mineral Reserves at Jaguar Mining's Faina deposit (JAGGF)?

As of December 2023, the Probable Mineral Reserves at Faina are reported as 132,000 ounces of gold (787,000 tonnes @ 5.22 g/t Au).

How much primary access development has been completed at Faina since 2022?

Approximately 4,439 meters of primary access development from the Turmalina mine to the Faina deposit has been completed since development commenced in 2022.

What are some of the high-grade gold intersections reported from recent drilling at Faina (JAGGF)?

Recent drilling at Faina reported high-grade intersections including 8.95 g/t Au over an estimated true width of 14.29m and 5.44 g/t Au over an estimated true width of 18.23m.

When does Jaguar Mining (JAGGF) expect to begin stope production from the Faina deposit?

Jaguar Mining expects to begin stope production from the Faina deposit in the second half of 2024.

JAGUAR MINING INC

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