Jaguar Mining Reports Continued Wide, High-Grade Intersections at Turmalina Orebody C Central Including 11.20g/t Au over 9.64m; Company Announces New Corrego Brandão Exploration Target Near CCA Plant with Shallow Auger Drilling High-Grade Intercepts Including 38.71gt Au over 5.80m
NEWS RELEASE
May 14, 2019 TSX: JAG
FOR IMMEDIATE RELEASE
Jaguar Mining Reports Continued Wide, High-Grade Intersections at Turmalina Orebody C Central
Including 11.20g/t Au over 9.64m; Company Announces New Corrego Brandão Exploration Target
Near CCA Plant with Shallow Auger Drilling High-Grade Intercepts Including 38.71gt Au over 5.80m
Toronto, May 14, 2019 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG) today announced drilling
results from a further 10 dia mond drill holes from ongoing in -mine exploration and definition drilling programs
targeting shallow, high grade ore shoots within the Orebody C structure which includes (C-SE, C-Central and
C-NW). Please refer to Press Release dated 28th February for further background.
Initial auger and trench sampling results are reported from a new Exploration Target, “Corrego Brandão” located
close to Jaguar´s CCA Plant Facility at Caeté and trench sampling results from the Zona Basal Exploration
Target at Turmalina.
Key Intercept Highlights
• Jaguar defines shallow Turmalina Orebody C high grade shoot with 11.20g/t Au over 9.64m
(including 31.03gt Au over 3.15m) and 6.85gt Au over 11.08m (including 12.56 gt Au over 4.30m)
• Auger drilling intercepts 38.71gt Au over 5.80m (including 60.08gt Au over 3.0m) and 16.91gt Au
over 3.8m (including 28.70gt Au over 2.0m) reported from new Córrego Brandão Exploration
Target close to CCA (Caeté) Plant
• Positive trenching results confirm bedrock mineralization b eneath extensive gold in soil
anomaly at Zona Basal Target, Turmalina
Ben Guenther Interim CEO, Jaguar Mining commented: “ Exploration results today again highlight the potential
to grow production at both CCA and MTL operations from known in -mine and near -mine exploration targets.
The goal is to fill both process plants to capacity with quality ounces. We continue to improve our geological
understanding of our strategic tenement position within the highly prospective greenstones in Brazil’s Iron
Quadrangle Region. The continued delivery of positive drilling results on Orebody C -Central has allowed us to
plan and develop shallow mineralization which wi ll provide Turmalina near term additional ore faces and
operational flexibility. Development of C Central will provide exploration platforms for C NW and extend the
orebody laterally to increase longer term production capability.”
“We are also very pleas ed with the Zona Basal Target showing great promise to add future production at
Turmalina. Additionally, initial results from Corrego Brandão are highly encouraging and may present a near
term production opportunity for our CCA operation near Caeté.”
Jon Hill, Expert Advisor, Geology and Exploration, Jaguar Mining Management Committee commented: “ The
drilling and exploration results reported today are highly encouraging, especially on the back of an 81% increase
in Company Proven and Probable Reserves reported in March. The sustained investment in geology and
exploration by the Company continues to deliver high quality ounces on which to leverage future production and
growth initiatives. We look forward to moving these and a number of other promising exploration projects forward
in the coming months.”
2
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Exploration Highlights - Turmalina
Definitions: ETW – estimated true width, g/t Au – grams per tonne gold, m – metres, Grade (g/t Au) x Thickness
(m) = GM (gram – meters)
• Jaguar defines shallow Turmalina Orebody C high grade shoot with 11.20g/t Au over 9.64m (including
31.03gt Au over 3.15m) and 6.85gt Au over 11.08m (including 12.56 gt Au over 4.30m).
• Auger drilling intercepts 38.71gt Au over 5.80m (including 60.08gt Au over 3.0m) and 16.91gt Au over
3.8m (including 28.70gt Au over 2.0m) reported from new Córrego Brandão Exploration Target close
to CCA (Caeté) Plant
• Positive trenching results confirm bedrock mineralization beneath extensive gold in soil anomaly at
Zona Basal Target, Turmalina
• Results for a further 10 diamond d rill holes targeted to test both the geometry and extensions to high
grade intersections at C-Central previously reported (see Press-Release Dated February 28th, 2019) of
18.35g/t Au over 8.76m (ETW 8.23m) and 9.95g/t Au over 2.29m (ETW 2.0m).
• New, high grade intersections reported include : 1 1.20gt Au over 11.50m (ETW 9.64m) (Including
31.03gt Au over 3.75m (ETW 3.15m)) in hole F TS1701, 6.85gt Au over 13.53m (ETW 11.08M)
(Including 12.56gt Au over 5.26m (ETW 4.3m) in hole FTS1695 and 9.83gt Au over 10.54m (ETW
7.45m) (including 18.81gt Au over 3.80m (ETW 2.70m)) in hole FTS1700. Please refer to Figures 1 and
2, Table 1 and Appendix 1.
• The drilling defines a high -grade plunging mineralized ``shoot´´ now termed the “C-Central Shoot ”
extending over a strike length of some 50m, a width of 8 -10m, and a vertical interval of some 150m.
Mineralization remains open at depth.
• Underground development to access C -Central is underway with stoping planned to commence
contributing to Turmalina production by early 2020.
• Turmalina trenching programs completed in Q4 -2018 and Q1 -2019 have confirmed the presence of
bedrock mineralization beneath the extensive Au, As and Sb in soil anomalism discovered at the Zona
Basal Target in early 2018. Struct urally controlled, greenstone hosted mineralization has been
intersected by trenching over a strike length of over two km´s beneath the extensive soil sampling
footprint (>100ppb Au) which covers an area of some 3km along strike and up to 500m in width.
Mineralized zones defined are associated with sericite -chlorite-silica altered Banded Iron Formation
(BIF), Metasedimentary and Metavolcanic rocks and quartz veining. (Please refer to Table 2 and Figure
3)
• Encouraging trench results include 1.28gt Au over 17.61m including 3.1gt Au over 4.05m and 3.64gt Au
over 7.92m including 18.60gt Au over 1.44m.
• Drilling of a number of priority targets at Zona Basal is planned for the second half of 2019.
Exploration Highlights - CCA (Caeté) New Corrego Brandão Target.
• The Corrego Brandão Exploration Target close to Jaguar´s CCA plant facility near Caeté was generated
by soil sampling over a regional conceptual target identified during late 2018. Anomalous gold in soil
sampling results (> 100ppb Au) over a strike length of some 400m were followed up in Q1 -2019 with
geological mapping, trenching and shallow Auger Drilling with very encouraging initial results. (Please
refer to Figure 4.)
3
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
• Trench results of significance include 1.89gt Au over 12.23m including 3.08gt Au over 5.70m, 1.59gt Au
over 10.22m including 2.77gt Au over 5.06m and 1.13gt Au over 4.90m.
• Follow-up, vertical shallow auger drilling intersected ferruginous -gossanous material with widesprea d
boxwork textures (after sulphides) and highly encouraging mineralized sample intervals reporting
assays of 38.71gt Au over a 5.8m vertical interval including 60.08gt Au over 3.00m while the adjacent
hole 25m across strike reported 16.91gt Au over a 3.8m vertical interval which include 28.70gt Au over
2.0m.
Figure 1.
Turmalina Gold Mine – Plan View Projection of Orebodies A, B, C-SE, C-Central, C-NW and D.
Figure 2 Area
Figure 2 Area
4
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Turmalina Gold Mine Drill Results and Intercepts. Orebody C- Central
Table 1. Exploration Drilling Results Orebody C-Central.
Turmalina Gold Mine **
Exploration Drill Results Ore Body C - Central
Hole ID From
(m)
To
(m)
Down Hole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
GT
(ETW) Date
FTS1690*
66.90 74.85 7.95 7.20 2.00 14.40
1/4/2019 105.70 114.46 8.76 8.23 18.35 151.02
Including 107.44 112.49 5.05 4.70 28.87 135.68
FTS1691*
60.81 61.67 0.86 0.79 1.66 1.31
2/11/2019 81.38 82.36 0.98 0.83 1.51 1.25
99.65 100.60 0.95 0.86 1.09 0.94
FTS1692* 137.00 139.29 2.29 2.00 9.95 19.90 2/8/2019
FTS1693* 123.44 124.31 0.87 0.71 4.13 2.93 2/11/2019
FTS1694 112.45 113.45 1.00 0.89 4.02 3.58 2/19/2019
FTS1695
76.02 78.75 2.73 2.36 2.11 4.98
2/26/2019
95.50 98.50 3.00 2.59 2.10 5.44
107.84 121.37 13.53 11.08 6.85 75.90
Including 107.84 113.10 5.26 4.30 12.56 54.01
FTS1696
80.37 84.02 3.65 2.62 2.39 6.26
3/11/2019 105.60 107.80 2.20 1.94 3.76 7.29
135.87 137.89 2.02 1.52 4.19 6.37
FTS1697
98.00 103.01 5.01 3.60 2.96 10.66
3/12/2019 167.84 170.30 2.46 1.96 3.37 6.61
FTS1698
69.54 75.00 5.46 4.47 2.27 10.15
3/1/2019 104.75 113.91 9.16 7.01 8.18 57.34
Including 108.88 111.80 2.92 2.30 15.37 35.36
FTS1699 115.15 126.39 11.24 10.99 3.40 37.37
3/19/2019
FTS1700
83.59 86.37 2.78 2.12 2.45 5.19
122.72 133.26 10.54 7.45 9.83 73.23
Including 126.44 130.24 3.80 2.70 18.81 50.80
FTS1701
69.77 75.38 5.61 5.12 1.95 9.98
106.35 117.85 11.50 9.64 11.20 107.97
Including 106.35 110.10 3.75 3.15 31.03 97.73
FTS1702 No impact 3/21/2019
FTS1703
69.02 79.25 10.23 8.85 2.19 19.38
4/8/2019 108.96 120.29 11.33 9.81 4.25 41.69
Including 108.96 110.96 2.00 1.75 18.81 32.92
* Previously reported Drill Intercepts – February 2019
** Samples analysed at Jaguar´s Caeté Laboratory with check-assays at ALS, (Appendices 2 and 3)
5
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Figure 2. Location of Drilling Intercepts Orebody C-Central on Grade x Thickness projection.
6
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Turmalina Complex – Zona Basal Target.
Table 2. Exploration Results. Zona Basal Target
Summary of Significant Intersections, Trenches
Jaguar Mining Inc. – Target Zona Basal*
Hole
ID
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t Au)
GT
(ETW) Date
TZB0034 18.02 26.56 8.54 0.69 5.89
8/29/2018 TZB0034 30.54 34.07 3.53 0.54 1.91
TZB0034 36.05 40.91 4.86 0.78 3.79
TZB0036 1.09 2.35 1.26 0.72 0.91 8/30/2018
TZB0037 47.61 56.55 8.94 0.89 7.96 8/30/2018
TZB0041 16.07 33.68 17.61 1.28 22.54
10/8/2018 Including 17.90 21.95 4.05 3.10 12.56
TZB0041 42.39 49.69 7.30 0.96 7.01
Including 46.97 48.64 1.67 2.34 3.91
TZB0042 113.99 118.39 4.40 1.02 4.49 10/9/2018
TZB0047 0.00 7.92 7.92 3.64 28.83
8/30/2018
Including 2.38 3.82 1.44 18.60 26.78
* Samples analyzed at ALS Laboratory
Figure 3. Location Exploration Results. Zona Basal Target
7
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
CCA Complex (Caeté) – Córrego Brandão Target.
Table 3. Exploration Results. Corrego Brandão Target
Summary of Significant Intersections, Auger and Trenches
Jaguar Mining Inc. – Córrego Brandão Target*
Hole
ID
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t Au) GT Type Date
ACBR0003 0.00 11.00 11.00 1.44 15.84
Auger 1/29/2019 Including 2.00 4.00 2.00 2.30 4.59
ACBR0004 10.00 15.80 5.80 38.71 224.52 Auger 2/8/2019
Including 10.00 13.00 3.00 60.08 180.25
ACBR0005 9.00 12.80 3.80 16.91 64.26
Auger 2/12/2019
Including 9.00 11.00 2.00 28.70 57.40
TCBR0001 0.00 4.90 4.90 1.13 5.54 Trench 1/11/2019
TCBR0002 0.00 10.22 10.22 1.59 16.25 Trench 1/25/2019
Including 0.00 5.06 5.06 2.77 14.04
TCBR0003 0.00 12.23 12.23 1.89 23.11
Trench 3/18/2019
Including 6.53 12.23 5.70 3.08 17.53
*Samples analyzed at ALS Laboratory
Figure 4. Córrego Brandão Target - Exploration Results.
8
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
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 wit h GyroMaster™ Solid State North Seeker)
and a Reflex Gyrosmart 642.
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.
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. Auger, trench and drill core samples from exploration drillholes, auger holes
and trenches 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 mult i-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 drilling results presented on this news release are from drill holes completed by 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. 10 – 15% of
samples are submitted to ALS for check assay analysis. P lease refer to Appendices 2 and 3 for check-assay
results.
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