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Operations | Paciência | Maps & Photos |
Overview
Operations
• Turmalina
• Paciência
• Caeté Project
• Sabará
Exploration
• Iron Quadrangle
• Pedra Branca Project
Reserves & Resources
| Paciência is underground mine utilizing the "cut and fill" mining method and a treated tailings backfill system. Paciência was commissioned in April 2008 and is currently processing 1,800 tonnes of ore per day in the CIP (carbon-in-pulp) plant. Location The Paciência mining complex is located 50 km northwest of Belo Horizonte by tarmac road. Belo Horizonte is a city of over 4 million people and considered to be the mining capital of Brazil. Proven and Probable Reserves 4,953,980 tonnes with an average grade of 3.05 grams per tonne containing 485,450 ounces of gold to an average depth of 200 meters. Measured and Indicated Resources (include mineral reserves above) 7,975,900 tonnes with an average grade of 3.62 grams per tonne containing 929,280 ounces of gold. Inferred Resources 1,356,710 tonnes with an average grade of 3.67 grams per tonne containing 160,280 ounces of gold. Projected Annual Production Between 65,000 to 70,000 ounces of gold in 2009 rising to over 230,000 ounces of gold in 2013. Expansion Plan Jaguar's plan is to add tonnage from the multiple mineralized zones identified at Paciência along the 20-km concession where historical surface mining by the Portuguese in the 18th century is clearly visible. Jaguar is presently drilling along strike and intends to develop these gold bearing structures to expand the existing processing plant to meet its production targets. As the existing structures are open at depth, Jaguar's management believes additional resources will support operations at this level for many years beyond the current measured resource base. In addition, Jaguar has an active exploration program on several targets in close proximity to Paciência where additional mineralized zones are known to exist. |
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