Turmalina Drilling Intercepts Shallow High-grade Gold at Orebody C Defines Additional Mineralization Trend at Pontal South Highlights include: Orebody CNW 8.56 g/t Au over an estimated true width of 6.45m 10.43 g/t Au over an estimated true width of 4.22m
September 6, 2022 NEWS RELEASE
FOR IMMEDIATE RELEASE TSX: JAG
OTCQX: JAGGF
Turmalina Drilling Intercepts Shallow High-grade Gold at Orebody C
Defines Additional Mineralization Trend at Pontal South
Highlights include:
Orebody CNW
8.56 g/t Au over an estimated true width of 6.45m
10.43 g/t Au over an estimated true width of 4.22m
14.81 g/t Au over an estimated true width of 3.10m
Pontal South Exploration Target
2.87 g/t Au over 25.75m* (including 4.09 g/t Au over 11m*)
2.44 g/t Au over 19.6m* (including 3.28 g/t Au over 12.7m*)
2.43 g/t Au over 12m* (including 3.49 g/t Au over 7.25m*)
* (Drilled widths – true width unknown)
Toronto, Canada, September 6, 2022 – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX: JAG;
OTCQX: JAGGF ) is pleased to announce results from exploration completed at its Turmalina Gold Mine
Complex, located in the Iron Quadrangle in the state of Minas Gerais, Brasil. In - mine and mine-contiguous
drilling at Turmalina is part of the Company’s ongoing growth exploration strategy.
At Orebody C Northwest (CNW) drilling targeted shallow strike and depth extensions proximal to and accessible
from underground development.
At Pontal South, drilling has defined a newly identified mineralized zone occurring in the gap area between the
Pontal and Faina Areas. (Figure 1).
Drill intersections reported from both areas are outside currently defined mineral resource limits and highlight
the potential to add additional mineral resources to the Company´s mineral resource inventory.
Vern Baker, President, and CEO of Jaguar Mining stated: “Our tenements surrounding the Turmalina Mine have
always excited us with their potential. The exploration work and drilling at Pontal South continues to confirm the
large-scale continuity of structure and mineralization starting at the Turmalina Mine, running through the Faina
resource and on to the Pontal resource – a trend now estimated to be approximately three kilometers in length.
The excellent intercepts at CNW demonstrate down plunge continuity of a zone that appears to be of mineable
grade and thickness. Drilling at CNW and at Pontal South is continuing with the aim of further identifying
potentially economic mineral resources, as well as supporting the extensive engineering and metallurgical work
being done following the recent completion of infill drilling on the Faina mineral resource. Development headings
have already commenced from workings in our C-Central portion of Orebody C into the CNW structure identified
by this in-mine exploration drilling and highlighted in Figure A.”
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Figure 1 – Plan showing the location of exploration diamond drilling results reported relative to the
Turmalina Mine – Faina Project and Pontal Targets
Figure 2 – Long Section showing the location of exploration diamond drilling results reported relative
to the Turmalina Mine – Faina Project and Pontal, Pontal North and Pontal South Targets
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Turmalina Mine – Orebody C-Northwest (CNW)
At Turmalina – underground exploration diamond drilling of the Orebody C Structure intersected a series of
higher grade “lenses” near current underground development and approximately 240m below surface .
Geological and structural logging of drill core along with mapping of nearby underground development defined
two higher-grade, structurally controlled mineralized zones. The mine has initiated development into this higher-
grade area to better understand the structural controls and to allow further diamond drilling. Diamond Drill hole
intersections are shown in Table 1 and presented in section and plan in figures 2 and 3.
Table 1 - Turmalina Mine - Drill Results showing intersections Orebody CNW.
Summary of Diamond Drill Intersections
Orebody CNW Turmalina Mine
Hole ID From
(m)
To
(m)
Down Hole
Interval (m)
Estimated True
Width (m)
Gold Grade
(g/t Au)
GT
(ETW) Orebody
FTS2176
182.90 187.90 5.00 3.65 2.10 7.67 CNW
201.35 202.95 1.60 1.20 3.97 4.76 CNW
FTS2177 166.65 170.00 3.35 3.10 14.81 45.91 CNW
FTS2178
149.15 153.05 3.90 3.10 2.59 8.03 CNW
160.80 165.75 4.95 4.22 10.43 44.01 CNW
FTS2179
172.45 177.25 4.80 3.65 1.92 7.01 CNW
199.00 205.20 6.20 5.37 2.28 12.24 CNW
FTS2200
197.95 212.25 14.30 6.45 8.56 55.21 CNW
228.00 238.50 10.50 5.23 8.43 44.09 CNW
275.50 283.15 7.65 6.95 4.80 33.36 CNW
FTS2201 252.85 257.00 4.15 3.45 1.96 6.76 CNW
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Figure 3 – Turmalina Mine – Long section showing the location of the reported intersections in Orebody
C NW. The grade x thickness (GT) image in the figure demonstrates the plunge component of the full
Orebody C economic structures.
Figure 4 – Turmalina Mine – Plan view showing the location of reported intersections in Orebody CNW
relative to underground development.
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JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Pontal South
At Pontal South, explorat ion diamond drilling targeting the area between the Faina Resource and Pontal
Resource was initiated. This drilling has intersected a previously unrecognised mineralized structure. Diamond
drilling targeted anomalies occurring directly on trend between the two resources (Figure 6).
To date, the mineralization at Pontal South found in these intersections corresponds to a prospective
stratigraphic horizon that is more than 30m thick, with a strike length of 300m.
Drilling information and recent fieldwork suggest that the down -plunge continuity of the mineralized lenses is
along the orientation azimuth of 70°, thus mimicking the average down -plunge orientation of the well -known
economic zones at the Turmalina Mine. It has been estimated that the strike length for each individual lens may
be up to several hundred meters. Ongoing diamond drilling at Pontal South is aimed at testing the mineralization
continuity to depth assuming this 70°plunge azimuth.
Table 2 – Pontal South Target - Drill Results with mineralized intersections
Summary of Diamond Drilling Intersections
Pontal South Target*
Hole ID From
(m)
To
(m)
Down Hole
Interval (m)
Gold Grade
(g/t Au) Orebody
PTL094 48.05 73.80 25.75 2.87 Pontal South
Including 51.00 62.00 11.00 4.09 Pontal South
Including 68.00 72.95 4.95 3.17 Pontal South
PTL096 115.70 136.70 21.00 1.91 Pontal South
Including 129.00 136.70 7.70 3.08 Pontal South
PTL096 145.50 165.10 19.60 2.44 Pontal South
Including 152.40 165.10 12.70 3.28 Pontal South
PTL097 81.05 94.25 13.20 2.03 Pontal South
Including 81.05 84.10 3.05 4.65 Pontal South
PTL098 153.65 165.65 12.00 2.43 Pontal South
Including 158.40 165.65 7.25 3.49 Pontal South
PTL099 144.00 171.65 27.65 1.60 Pontal South
Including 160.00 164.00 4.00 3.58 Pontal South
PTL102 122.40 127.40 5.00 2.91 Pontal South
Including 122.40 126.70 4.30 3.26 Pontal South
PTL102 167.70 171.35 3.65 7.41 Pontal South
PTL103 210.70 216.95 6.25 2.89 Pontal South
Including 211.60 216.95 5.35 3.24 Pontal South
*Note mineralized grade intervals presented above are calculated assuming an external lower cut-off value of
0.5 g/t Au. All intervals are downhole drilled intervals, insufficient information is available to estimate true widths
for these intervals.
6
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Figure 5 – Plan showing location of Pontal South showing diamond drill hole collars, the gold in soil
anomaly (>100ppb Au) and the interpreted plunge direction of the mineralized lenses. The location of
sections 1, 2 and 3 presented below in figures 6,7 and 8 respectively are also highlighted.
Figure 6 – Long section (Section 1) showing the location of Pontal South drilling intersections to date.
7
JAGUAR MINING INC.
First Canadian Place, 100 King Street West, 56th Floor, Toronto, Ontario, Canada M5X 1C9 T: 416-847-1854
Figure 7 – Cross section (Section 2) showing trace of hole PTL096 and planned hole (PLL104) targeting
the mineralization down plunge.
Figure 8 – Cross section (Section 3) showing trace of hole PTL099 and planned hole (PLL105) targeting
the mineralization down plunge.
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, Vice President Geology and
Exploration, 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").
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 third
largest gold land position in the Iron Quadrangle with over 50,000 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. 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 Mining
Complex (Pilar and Roça Grande Mines, and Caeté Plant). The Company also owns the Paciência Gold Mine
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.
416-847-1854
Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
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 manage ment'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 va riations 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 includ e forward-looking information. This news release contains forward -looking information
regarding, among other things, expected sales, production statistics, ore grades, tonnes milled, recovery rates, cash operati ng costs,
definition/delineation drilling, th e 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 f luctuations,
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