Jaguar Mining Intersects High-Grade Gold at Faina Orebody, Confirming Continuity of Mineralization at Turmalina Mine

Original announcement by tmx on Jul 27, 2026

Bullish

Company: Jaguar Mining Inc.
Ticker: JAG
Exchange: TSX
Region: Minas Gerais, Brazil
Primary commodity: Gold
Secondary commodities: Arsenic, Antimony
Document categories: Drill results, Metallurgy
Extracted: 2026-08-21 18:31:02 UTC

Minestarters Atlas analysis

Summary

Jaguar Mining has intersected multiple high-grade gold zones at the Faina orebody within the Turmalina Mine, confirming mineralization continuity. Initial industrial metallurgical testing also showed improved gold recoveries of approximately 70% compared to previous pilot tests.

Reasoning: Strong high-grade gold intercepts at the Faina orebody confirm mineralization continuity and support resource expansion, complemented by improved industrial gold recoveries.

Positive factors

high-grade gold intercepts
confirmed continuity
improved metallurgical recovery

Negative factors

preliminary metallurgical results

Facts used in scoring: 8

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 28.46 g/t gold exceeds the exceptional threshold for orogenic gold.

Evidence · table

“28.46”

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: Estimated true widths are provided for all reported intercepts in Table 1.

Evidence · table

“Estimated True Width (m)”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release includes a Qualified Person sign-off by Armando José Massucatto.

Evidence · text

“reviewed and approved by Armando José Massucatto”

Deleterious Elements Presentnegative

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: Mineralization is associated with arsenopyrite and antimony-bearing sulfide assemblages.

Evidence · text

“associated with fine-grained arsenopyrite, pyrrhotite, pyrite, and locally antimony-bearing sulfide assemblages”

Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

Drill Results (8)

FAI0177Turmalina Mine · goldGrade: 7.67Grade Unit: g/tIntercept: 3.77 mView all details

Link to this fact

Identity

Hole ID: FAI0177
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 7.67
Grade Unit: g/t
Intercept: 3.77 m
True Width: 3.4 m
From: 62.63 m
To: 66.4 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0177:62.63-66.4
Mining Method: underground

Location

Easting: 511704.91
Northing: 7818444.26
Azimuth: 305 °
Dip: -43.87 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 7.67 g/t gold intercept is strong for an orogenic system.

Positive factors

high grade

Evidence · table

“7.67”

Context: 3.77

FAI0177Turmalina Mine · goldGrade: 13.67Grade Unit: g/tIntercept: 1.82 mView all details

Link to this fact

Identity

Hole ID: FAI0177
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 13.67
Grade Unit: g/t
Intercept: 1.82 m
True Width: 1.64 m
From: 62.63 m
To: 64.45 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0177:62.63-64.45
Mining Method: underground

Location

Easting: 511704.91
Northing: 7818444.26
Azimuth: 305 °
Dip: -43.87 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 13.67 g/t gold is a high-grade intercept.

Positive factors

bonanza grade

Evidence · table

“13.67”

Context: 1.82

FAI0178Turmalina Mine · goldGrade: 11.88Grade Unit: g/tIntercept: 5.54 mView all details

Link to this fact

Identity

Hole ID: FAI0178
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 11.88
Grade Unit: g/t
Intercept: 5.54 m
True Width: 5.39 m
From: 51 m
To: 56.54 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0178:51.0-56.54
Mining Method: underground

Location

Easting: 511705.01
Northing: 7818441.36
Azimuth: 256.1 °
Dip: -37.13 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 11.88 g/t over 5.54m is a significant intercept for an orogenic system.

Positive factors

strong grade and width

Evidence · table

“11.88”

Context: 5.54

FAI0178Turmalina Mine · goldGrade: 17.99Grade Unit: g/tIntercept: 3.61 mView all details

Link to this fact

Identity

Hole ID: FAI0178
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 17.99
Grade Unit: g/t
Intercept: 3.61 m
True Width: 3.58 m
From: 51 m
To: 54.61 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0178:51.0-54.61
Mining Method: underground

Location

Easting: 511705.01
Northing: 7818441.36
Azimuth: 256.1 °
Dip: -37.13 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 17.99 g/t gold is a high-grade intercept.

Positive factors

high grade

Evidence · table

“17.99”

Context: 3.61

FAI0182Turmalina Mine · goldGrade: 9.01Grade Unit: g/tIntercept: 2.19 mView all details

Link to this fact

Identity

Hole ID: FAI0182
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 9.01
Grade Unit: g/t
Intercept: 2.19 m
True Width: 2.14 m
From: 80.33 m
To: 82.52 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0182:80.33-82.52
Mining Method: underground

Location

Easting: 511882.13
Northing: 7818501.05
Azimuth: 254.88 °
Dip: -35.48 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 9.01 g/t is a good grade but the interval is relatively narrow.

Positive factors

high grade

Evidence · table

“9.01”

Context: 2.19

FAI0182Turmalina Mine · goldGrade: 22.46Grade Unit: g/tIntercept: 3.2 mView all details

Link to this fact

Identity

Hole ID: FAI0182
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 22.46
Grade Unit: g/t
Intercept: 3.2 m
True Width: 3.13 m
From: 182.3 m
To: 185.5 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0182:182.3-185.5
Mining Method: underground

Location

Easting: 511882.13
Northing: 7818501.05
Azimuth: 254.88 °
Dip: -35.48 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 22.46 g/t gold is a strong intercept.

Positive factors

high grade

Evidence · table

“22.46”

Context: 3.20

FAI0182Turmalina Mine · goldGrade: 28.46Grade Unit: g/tIntercept: 2.51 mView all details

Link to this fact

Identity

Hole ID: FAI0182
Project: Turmalina Mine
Commodity: gold
Region: brazil
Reported Region: Minas Gerais, Brazil
Ticker: JAG

Geometry

Grade: 28.46
Grade Unit: g/t
Intercept: 2.51 m
True Width: 2.4 m
From: 182.3 m
To: 184.81 m

Classification

Deposit Type: orogenic
Program: resource
Sample Type: drill
Group ID: FAI0182:182.3-184.81
Mining Method: underground

Location

Easting: 511882.13
Northing: 7818501.05
Azimuth: 254.88 °
Dip: -35.48 °
Loc. Confidence: high

QA/QC

QA/QC Disclosed: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 28.46 g/t gold is an exceptional grade.

Positive factors

bonanza grade

Evidence · table

“28.46”

Context: 2.51

Fact 8goldView all details

Link to this fact

Identity

Commodity: gold
Ticker: JAG

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-07-27T00:00:00.000Z

Reasoning: 70% recovery in industrial circuit is a significant improvement over 55% in pilot tests.

Positive factors

improved recovery

Negative factors

preliminary results

Evidence · text

“gold recoveries reaching approximately 70%”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.