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

Original announcement by tmx on

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
2026-09-14 06:27:59 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Jaguar Mining has intersected multiple high-grade gold zones at the Faina orebody within the Turmalina Mine complex. The drilling confirms mineralization continuity and supports resource expansion, while initial industrial metallurgical testing shows improved gold recoveries of approximately 70%.

Reasoning: Strong high-grade gold intercepts with true width disclosure and significant metallurgical recovery improvement in industrial circuit.

Positive factors

  • High-grade gold intercepts
  • True width disclosed
  • Continuity confirmed
  • Improved metallurgical recovery

Negative factors

  • Preliminary metallurgical results

Facts used in scoring: 9

Classification and evidence

True Width Disclosedpositive

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

Why it applies: Estimated true width is provided for all reported intercepts in Table 1.

Evidence · table

“3.40”

Context: 3.77

QA/QC Disclosedpositive

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

Why it applies: The release is reviewed and approved by a Qualified Person (Armando José Massucatto).

Evidence · text

“reviewed and approved by Armando José Massucatto”

Bonanza Interceptpositive

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

Why it applies: The 28.46 g/t Au sub-interval is exceptionally high grade.

Evidence · table

“28.46”

Context: 2.51

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 70% recovery in industrial circuit is strong for the context of improving from 55%.

Evidence · text

“gold recoveries reaching approximately 70%”

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

Drill Results (7)

FAI0177Faina orebody · goldGrade: 7.67Grade Unit: g/tIntercept: 3.77 mView all details
Link to this fact

Identity

Hole ID
FAI0177
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
62.63 m

Classification

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

Location

Location
Faina orebody
Easting
511704.91
Northing
7818444.26
Elevation
416.67 m
Azimuth
305 °
Dip
-43.87 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 7.67 g/t gold over 3.77m is a strong intercept for an orogenic system.

Positive factors

  • High grade

Evidence · table

“7.67”

Context: 3.77

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 3.4

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0177Faina orebody · goldGrade: 13.67Grade Unit: g/tIntercept: 1.82 mView all details
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Identity

Hole ID
FAI0177
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
62.63 m

Classification

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

Location

Location
Faina orebody
Easting
511704.91
Northing
7818444.26
Elevation
416.67 m
Azimuth
305 °
Dip
-43.87 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: High grade 13.67 g/t gold sub-interval.

Positive factors

  • Bonanza grade sub-interval

Evidence · table

“13.67”

Context: 1.82

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 1.64

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0178Faina orebody · goldGrade: 11.88Grade Unit: g/tIntercept: 5.54 mView all details
Link to this fact

Identity

Hole ID
FAI0178
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
51 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
FAI0178:51-56.54
Mining Method
underground

Location

Location
Faina orebody
Easting
511705.01
Northing
7818441.36
Elevation
416.46 m
Azimuth
256.1 °
Dip
-37.13 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 11.88 g/t over 5.39m is a very strong intercept for an orogenic system.

Positive factors

  • Strong grade and width

Evidence · table

“11.88”

Context: 5.54

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 5.39

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0178Faina orebody · goldGrade: 17.99Grade Unit: g/tIntercept: 3.61 mView all details
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Identity

Hole ID
FAI0178
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
51 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
FAI0178:51-54.61
Mining Method
underground

Location

Location
Faina orebody
Easting
511705.01
Northing
7818441.36
Elevation
416.46 m
Azimuth
256.1 °
Dip
-37.13 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: High grade 17.99 g/t gold sub-interval.

Positive factors

  • Bonanza grade sub-interval

Evidence · table

“17.99”

Context: 3.61

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 3.58

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0182Faina orebody · goldGrade: 9.01Grade Unit: g/tIntercept: 2.19 mView all details
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Identity

Hole ID
FAI0182
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
80.33 m

Classification

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

Location

Location
Faina orebody
Easting
511882.13
Northing
7818501.05
Elevation
400.86 m
Azimuth
254.88 °
Dip
-35.48 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 9.01 g/t gold over 2.19m is a moderate intercept for an orogenic system.

Evidence · table

“9.01”

Context: 2.19

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.14

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0182Faina orebody · goldGrade: 22.46Grade Unit: g/tIntercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
FAI0182
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
182.3 m

Classification

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

Location

Location
Faina orebody
Easting
511882.13
Northing
7818501.05
Elevation
400.86 m
Azimuth
254.88 °
Dip
-35.48 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 22.46 g/t gold over 3.2m is a strong intercept for an orogenic system.

Positive factors

  • High grade

Evidence · table

“22.46”

Context: 3.2

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 3.13

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

FAI0182Faina orebody · goldGrade: 28.46Grade Unit: g/tIntercept: 2.51 mView all details
Link to this fact

Identity

Hole ID
FAI0182
Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
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
Intercept Depth
182.3 m

Classification

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

Location

Location
Faina orebody
Easting
511882.13
Northing
7818501.05
Elevation
400.86 m
Azimuth
254.88 °
Dip
-35.48 °
Loc. Confidence
high
Loc. Source
document

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
arsenic, antimony

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: 28.46 g/t gold sub-interval is exceptionally high grade.

Positive factors

  • Bonanza grade sub-interval

Evidence · table

“28.46”

Context: 2.51

Tags used in scoring

True Width Disclosedpositive

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

Why it applies: true_width_m is 2.4

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Metallurgical Results (2)

industrial circuitFaina orebody · goldRecovery: 70 %View all details
Link to this fact

Identity

Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
JAG

Test Work

Program Status
optimization
Test Type
industrial circuit
Processing Route
pre-oxidation, industrial circuit
Sample
Faina ore in the MTL plant industrial circuit

Recovery

Recovery
70 %
Recovery Basis
actual_test

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

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

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

Positive factors

  • Recovery improvement

Negative factors

  • Preliminary results

Evidence · text

“gold recoveries reaching approximately 70% in the industrial circuit”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 70% is below the weak band (80%)

laboratory and pilot-scale testingFaina orebody · goldRecovery: 55 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Faina orebody
Commodity
gold
Region
brazil
Reported Region
Minas Gerais, Brazil
Ticker
JAG

Test Work

Program Status
scoping
Test Type
laboratory and pilot-scale testing
Sample
Faina ore in laboratory and pilot-scale testing

Recovery

Recovery
55 %
Recovery Basis
actual_test

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

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

Reasoning: Historical baseline recovery of 55%.

Evidence · text

“55% observed during previous lab and pilot testing”

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 55% is below the weak band (80%)

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.