en.Wedoany.com Reported - Jaguar Mining's drilling program at the Pilar Mine in Caeté, Minas Gerais, Brazil, has confirmed good continuity of gold mineralization at depth in the BA Zone. The drilling results show that the mineralized body remains open and continuous along the dip for over 1.5 kilometers, providing significant support for further project expansion.
This progress is a key part of the company's strategy to convert exploration results into formal mineral resources, thereby reducing geological uncertainty and creating favorable conditions for extending the Life of Mine (LOM).
Jaguar stated that the drilling not only confirmed that the BA Zone extends at least 1.5 kilometers continuously below the current stope but also remains open at depth. The data obtained also supports a new geological model, suggesting that mineralization could extend approximately 300 meters vertically below the existing mining levels.
The company noted that the structural predictability observed during drilling provides greater safety and lower operational risk for subsequent underground development design.
Armando Massucatto, the company's General Manager of Exploration, stated that the potential of this exploration target is not merely theoretical but represents a concrete path to operational growth.
Another highlight of the drilling program is the identification of intercepts with gold grades higher than the mine's current average reserve grade. Key intercepts include: 5.30 meters at 8.52 g/t Au; 10 meters at 5.82 g/t Au; 2.20 meters at 18.20 g/t Au; 2.30 meters at 17.97 g/t Au; and 5.90 meters at 7.18 g/t Au.
These results further enhance the company's potential to expand mineral resources within this core production area in Minas Gerais.
According to Jaguar Mining, gold mineralization at the Pilar Mine occurs within banded iron formations (BIFs), a typical geological feature of the Quadrilátero Ferrífero region. The enrichment of gold is closely related to the intersection of regional geological folds with these iron formations, forming mineralized enrichment zones.
The company emphasized that the continuous extension of these structures at depth significantly reduces the possibility of mineralization interruption, enhancing the reliability of the geological model and future exploration plans.
These new results are part of Jaguar's corporate strategy to convert exploration targets into formally confirmed mineral resources. If subsequent plans confirm the identified potential, the company could expand its reserve base, thereby extending the operational life of the Pilar Mine by several years.
The Pilar Mine is part of the Caeté Complex and one of Jaguar Mining's core assets in the Quadrilátero Ferrífero region, considered one of the world's most important gold and iron ore producing provinces.
In addition to advancing exploration expansion at the Pilar Mine, Jaguar also revealed that the Paciência Complex, which has been on care and maintenance since 2012, is currently being evaluated and is expected to resume operations in 2026. The company also operates the Turmalina Complex and holds extensive mineral research areas in Minas Gerais.
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