Jaguar Mining Strikes High-Grade Gold at Faina

Jaguar Mining (TSE:JAG) has released an update.

Jaguar Mining Inc. reports significant high-grade gold intersections at its Faina Project, part of the MTL Mining Complex in Brazil, with development channel samples and diamond drill holes revealing grades up to 20.17 g/t Au. The update follows a recent NI 43-101 Technical Report, indicating substantial mineral resources and reserves, with the company investing US$15 million towards development and drilling. The project is on track for ramping up to planned production in 2025, further focusing on expanding mineral resources and upgrading inferred resources.

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