Jaguar Mining announces five-year exploration plan to expand gold resources

Jaguar Mining (JAGGF) announced a comprehensive five-year exploration plan designed to expand its gold resources and support future production growth. This initiative has been developed to systematically explore the Company’s extensive mineral tenements in Brazil, with a focus on both expanding existing deposits and identifying new prospective targets. The plan encompasses all 46,619 hectares of the Company’s mineral rights, with exploration efforts concentrated on the most prospective areas to advance opportunities that could support future resource growth and production potential. Key Highlights of the Five-Year Exploration Plan: Significant Gold Endowment Potential: This initiative is designed to investigate a total gold endowment ranging between 4-7 million ounces across all projects, underscoring the scale of potential within the Company’s land package. Proposed Drilling Campaign: Between 2026 and 2030, the plan is to complete approximately 222,000 meters of drilling. This extensive program will be critical to expanding and defining the Company’s gold resources at least at the inferred category. Strategic Project Focus: The plan outlines targeted exploration across key project areas, ensuring resources are allocated to the most prospective targets with the greatest potential to advance toward development: Paciencia Complex: Exploration will focus on extending known mineralization at Santa Isabel, Marzagao and Chame, including testing deep extensions and pursuing new discoveries such as Bahu and BIF North. The Chame project alone carries an estimated upside potential of 325,000-520,000 ounces, supported by 6,175 meters of drilling scheduled to begin in 2025. Caete Complex – Roca Grande Project: Exploration will focus on areas of established potential, including Boa Vista and Morro da Mina, alongside regional reconnaissance work at Sabara Extension, Lavra Velha, and Ze Firme. MTL Complex: Exploration will focus on the Pontal project, with the goal of fully assessing all opportunities within the area. Drilling of approximately 11,000 meters could support an estimated upside potential of 134,000-400,000 ounces. Oncas de Pitangui Project: Exploration will focus on infill drilling, alongside exploration at Aparicao, Caldas, and Taboca targets, supporting overall resource growth. Systematic Exploration Approach: This plan outlines a methodical sequence of work, including comprehensive geological mapping, geochemical surveys, and extensive exploration drilling. This approach is designed to ensure efficiency and maximize the probability of new discoveries and resource upgrades. Environmental Stewardship: All exploration activities will adhere strictly to environmental regulations, including ongoing environmental licensing processes reflecting the Company’s commitment to responsible mining practices. Team and Technology: The plan incorporates a robust exploration team of experienced geologists and technical personnel, supported by advanced exploration techniques and integrated data systems to optimize results.