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Operations | Caeté Project | Maps & Photos |
Overview
Operations
• Turmalina
• Paciência
• Caeté Project
• Sabará
Exploration
• Iron Quadrangle
• Pedra Branca Project
Reserves & Resources
| Jaguar recently completed the Caeté Project feasibility study and initiated civil works for the milling and treatment circuits on the site of Jaguar's previously operated CIC (carbon-in-column) processing plant. The future Caeté regional processing plant will treat ore mined at Jaguar's Pilar and Roça Grande mines. Jaguar intends to use a combination of "cut and fill" and "selective stoping" methods at both mines, which contemplates a treated tailings backfill system. The processing facilities will include crushing and grinding circuits followed by a gravity separation circuit along with a leaching and CIP-ADR (carbon-in-pulp adsorption/desorption/recovery) plant. All necessary permits and licenses for the construction and commissioning phase have been received. Construction of the Caeté Project underground mine and plant is on hold pending an assessment of market conditions. Location The Caeté Project is located 65 km from Belo Horizonte by paved road. Belo Horizonte is a city of over 4 million people and considered to be the mining capital of Brazil. Proven and Probable Reserves 6,106,160 tonnes with an average grade of 4.57 grams per tonne containing 897,200 ounces of gold to an average depth of 465 meters. Measured and Indicated Resources (include mineral reserves above) 9,341,400 tonnes with an average grade of 4.44 grams per tonne containing 1,334,690 ounces of gold. Inferred Resources 2,997,860 tonnes with an average grade of 5.60 grams per tonne containing 539,580 ounces of gold. Projected Annual Production Approximately 25,000 ounces of gold in 2011 rising to over 100,000 ounces of gold by 2013. Expansion Plan Jaguar's plan is to add tonnage from the multiple mineralized zones identified at the Roça Grande zone and additional exploration and development of the higher-grade Pilar ore body. As these gold bearing structures are further developed, Jaguar intends to expand the processing plant presently under construction in several phases to ultimately reach the 100,000-ounce level of annual production by 2013. As the existing structures at both Roça Grande and Pilar are open at depth, Jaguar's management believes additional resources will support operations at this level for many years beyond the current resource base. In addition, Jaguar has an active exploration program in close proximity to the Caeté processing plant where several additional mineralized zones are known to exist. |
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