Jaguar Mining Announces Further Positive Drill Results At Santa Barbara.CONCORD, N.H. -- Jaguar Mining Inc. ("Jaguar") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :JAG judge advocate general (J.A.G.) n. a military officer who advises the government on courts-martial and administers the conduct of courts-martial. The officers who are judge advocates and counsel assigned to the accused come from the office of the judge advocate ) reports additional significant gold grades and widths from its on-going exploration program at the Pilar Pilar strong-minded female leader of a group of guerrillas in the Spanish Civil War. [Am. Lit.: Hemingway For Whom the Bell Tolls] See : Female Power Pilar Property, which is part of its Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. Region. The Pilar Property is located in an area with good infrastructure, 100 km east of the city of Belo Horizonte Belo Horizonte (bəl'  rēzôN`tĭ) [Port.,=beautiful horizon], city (1996 pop. 2,091,770), capital of Minas Gerais state, E Brazil. , Minas
Gerais Minas Gerais (mē`nəs zhərīs`) [Port.,=various mines], state (1996 pop. 16,660,691), 226,707 sq mi (587,171 sq km), E Brazil. The capital is Belo Horizonte. Minas Gerais continues to produce more than half of Brazil's mineral wealth. , Brazil, in the Iron Quadrangle quadrangleRectangular open space completely or partially enclosed by buildings of an academic or civic character. The grounds of a quadrangle are often grassy or landscaped. greenstone belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies. . The assay results include additional data from existing holes and fresh data from four new holes: PMS (Pantone Matching System) A color matching system that has a unique number assigned to more than 500 different colors and shades. This standard for the printing industry has been built into many graphics and desktop publishing programs to ensure color accuracy. 9, PMS 14, PMS 15 and PMS 16. One new intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. included 15.45 g/t over 14.40 m and other intercepts have potentially economic widths and grades. The property is open on strike and at depth. The drill core recovery approached 100%. The results were audited by Ivan C. Machado, M.Sc., P.E., P.Eng., Principal of Salt Lake City based TechnoMine Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Mr. Machado serves as Jaguar's Qualified Person in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with NI 43-101. SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Laboratories of Betim, Minas Gerais are providing independent sample preparation and assay services, using standard industry practices. These additional results are from Phase 1 of the Pilar drill program, with four more holes remaining. Final results of Phase 1 are expected in December 2004. The objective of this phase is to further define the existing measured and indicated resources at the Pilar Property, to clarify the structure and continuity of the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. along the folding axis and to test for continuity southeast of the existing resources. It is anticipated that, subject to permitting, development of a ramp and drift will begin early in Q1 2005 with more underground exploration drilling in Q2. A geological and drilling campaign map and vertical cross-section maps are available at www.jaguarmining.com/s/NewsReleases.asp?ReportID=93368#map. Strong Results Add Confidence to Geological Continuity The results lend further support to Jaguar's geological model for continuity at the Pilar Property, which derives from an extensive exploration program done by Companhia Vale do Rio Doce Summary Companhia Vale do Rio Doce (CVRD) is a global diversified mining company, the second largest mining company in the world, and the largest logistics operator in Brazil. ("CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage "). The model assumes that folding is the primary control of the sulfide sulfide, chemical compound containing sulfur and one other element or sulfur and a radical. Sulfides may be salts or esters of hydrogen sulfide, H2S, or may be formed directly, e.g., by heating a metal with sulfur. mineralization, which follows the plunging plunge v. plunged, plung·ing, plung·es v.tr. 1. To thrust or throw forcefully into a substance or place: fold axis to depth. This is a common feature of Archean rocks of the Iron Quadrangle. All the drill holes in the fold's hinge hinge n. A jointed or flexible device that allows the turning or pivoting of a part, such as a door or lid, on a stationary frame. hinge see hinge joint. zone intercepted mineralization. Jaguar has approximately 2,526,000 tonnes at about 5.95 g/t Au of measured and indicated and approximately 1,418,000 tonnes at about 5.79 g/t Au of inferred sulfide and oxide mineral oxide mineral Any naturally occurring inorganic compound with a structure based on close-packed oxygen atoms in which smaller, positively charged metal or other ions occur. Oxide minerals are common in all rock types, whether igneous, sedimentary, or metamorphic. resources at the Pilar Property, as reported by CVRD (historical estimates) and stated in a recently filed NI 43-101 report.
---------------------------------------------------------------------
Coordinates Elevation Length Azimuth Dip
Hole --------------------------------------------------------------
N E (m) (m) Degree Degree
---------------------------------------------------------------------
PMS-06 7,789,243 662,674 828.7 261.35 313 -75
---------------------------------------------------------------------
PMS-07 7,789,259 662,699 824.1 151.30 313 -62
---------------------------------------------------------------------
PMS-08 7,789,243 662,674 828.7 292.70 313 -65
---------------------------------------------------------------------
PMS-09 7,789,212 662,676 829.1 271.55 313 -55
---------------------------------------------------------------------
PMS-10 7,789,233 662,687 826.3 189.25 313 -60
---------------------------------------------------------------------
PMS-11 7,789,212 662,676 829.1 319.10 Vertical -90
---------------------------------------------------------------------
PMS-12 7,789,233 662,687 826.3 224.80 Vertical -90
---------------------------------------------------------------------
PMS-13 7,789,171 662,678 830.5 290.23 Vertical -90
---------------------------------------------------------------------
PMS-14 7,789,166 662,719 814.0 305.20 Vertical -90
---------------------------------------------------------------------
PMS-15 7,789,046 662,602 871.0 149.70 313 -85
---------------------------------------------------------------------
PMS-16 7,788,906 662,915 898.6 734.05 313 -85
---------------------------------------------------------------------
---------------------------------------------------------------------
Intervals
Hole ----------------------------------------------------------
From (m) To (m) Grade(g/t) Thickness(m)
---------------------------------------------------------------------
67.25 69.00 21.84 1.75
---------------------------------------------------
75.05 77.70 7.46 2.65
---------------------------------------------------
PMS-06 93.10 94.25 14.90 1.15
---------------------------------------------------
126.75 132.10 6.10 5.35
---------------------------------------------------
141.25 143.70 16.15 2.45
---------------------------------------------------------------------
PMS-07 94.50 102.15 24.31 7.65
---------------------------------------------------------------------
95.70 99.95 6.88 4.25
---------------------------------------------------
101.50 106.25 5.64 4.75
---------------------------------------------------
PMS-08 113.05 114.85 7.91 1.80
---------------------------------------------------
117.85 118.75 22.70 0.90
---------------------------------------------------
143.50 146.35 9.33 2.85
---------------------------------------------------------------------
98.75 112.25 3.61 13.50
---------------------------------------------------
PMS-09 168.80 170.50 14.66 1.70
---------------------------------------------------------------------
94.00 96.20 5.02 2.20
---------------------------------------------------
PMS-10 148.25 152.50 6.81 4.25
---------------------------------------------------------------------
144.80 146.30 8.08 1.50
---------------------------------------------------
PMS-11 202.50 213.00 6.49 10.50
---------------------------------------------------------------------
108.90 112.25 16.12 3.35
---------------------------------------------------
139.25 140.80 6.44 1.55
---------------------------------------------------
PMS-12 161.70 163.35 6.05 1.65
---------------------------------------------------
171.10 171.80 16.00 0.70
---------------------------------------------------
192.00 195.40 11.73 3.40
---------------------------------------------------------------------
117.15 119.35 21.51 2.20
---------------------------------------------------
174.05 176.40 12.79 2.35
---------------------------------------------------
PMS-13 217.80 223.55 8.17 5.75
---------------------------------------------------
278.35 280.90 10.05 2.55
---------------------------------------------------------------------
215.80 218.65 4.14 2.85
---------------------------------------------------
PMS-14 221.40 225.30 3.20 3.90
---------------------------------------------------
251.45 256.10 3.71 4.65
---------------------------------------------------------------------
PMS-15 28.45 42.85 15.45 14.40
---------------------------------------------------------------------
537.15 538.60 10.13 1.45
---------------------------------------------------
PMS-16 558.90 563.00 4.39 4.10
---------------------------------------------------------------------
Jaguar is the Area Consolidator for Gold Properties Jaguar is a gold producer in the Iron Quadrangle region of Brazil. It is using its knowledge, experience and excellent local relationships to acquire quality, non-core assets from senior mining companies. Jaguar has 2.4 million ounces of measured and indicated and 800,000 ounces of inferred mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature . It owns 62,500 acres of gold properties, which is the second largest gold property portfolio in the region, and continues to seek acquisitions to strengthen its position. Jaguar has 21,129,689 common shares outstanding (29,146,479 fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ). The statements that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and involve known and unknown risks and uncertainties, which could cause actual results to vary considerably from these statements. Readers are cautioned not to put undue reliance on forward-looking statements. Jaguar's securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or resold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or to a U.S. person absent registration or an applicable exemption from the registration requirements. Jaguar Mining Inc. (TSX:JAG) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion