Jaguar Mining Inc. Reveals Promising Chamé Exploration Results

Jaguar Mining Inc., a Canadian mining company, announced positive findings from its exploration at the Chamé target in Brazil's Iron Quadrangle. Located near the Santa Isabel mine, the Chamé target shows potential for open-pit gold mining, with significant near-surface gold mineralization identified. The exploration follows a gold-in-soil anomaly along the Chamé-Cedro trend.

Trenching results reveal consistent gold values, suggesting extensive mineralization. Key highlights include Trench TR02 with 54.47 meters averaging 0.90 g/t gold, including 4.43 meters at 7.1 g/t. Jaguar sees Chamé's proximity to existing processing facilities as a strategic advantage for efficient development.

The company plans to accelerate exploration with a comprehensive drilling campaign, seeking to define and expand the mineralized zones. Jaguar’s CEO, Luis Albano Tondo, emphasizes the strategic value Chamé adds alongside high-grade underground operations, with the potential to significantly contribute to the company's growth.