| Jaguar is currently conducting a deep drill program where several new holes will be drilled to depths of up to 1,000 meters in selected ore zones at Turmalina, Roça Grande and Pilar. This program aims to prove the extension of mineralization that Jaguar's exploration team believes exists to depth based on the geological models developed to-date. Jaguar has acquired a significant amount of geological data from extensive drilling, which continue to indicate that the Company's three main projects, where resources have been measured and reported, are open at depth and along strike. This is especially true at Paciência, where the company has 20 km of contiguous concessions in an area that was first mined in the 17th century by the Portuguese. Old works in this area are highly visible, even from satellite photography.
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