| The tables below reflect the estimated mineral resource and reserve information available to Jaguar as of September 19, 2008, except as noted below. Ivan C. Machado, M.Sc., P.E., P.Eng. revised the Company's resources and reserves. Mr. Machado is a Qualified Person as such term is defined in NI 43-101.
Table 1 - Summary of Estimated Mineral Resources*
|
RESOURCES
(tonnage and grades in grams/tonne) |
|
|
|
RESOURCES
(ounces Au) |
|
Measured
(t) |
g/t |
Indicated
(t) |
g/t |
Measured
+
Indicated (t) |
g/t |
Inferred
(t) |
g/t |
Measured
+
Indicated |
Inferred |
| Sabará |
| Sabará |
198,230 |
2.11 |
541,380 |
1.96 |
739,610 |
2.00 |
329,450 |
2.01 |
47,560 |
21,290 |
| Other(1) |
518,900 |
5.56 |
704,300 |
5.40 |
1,223,200 |
5.47 |
830,000 |
3.91 |
215,020 |
104,100 |
| Sabará Total |
717,130 |
4.61 |
1,245,680 |
3.90 |
1,962,810 |
4.16 |
1,159,450 |
3.37 |
262,580 |
125,390 |
| Paciência |
| Santa Isabel(2) |
871,170 |
5.59 |
1,702,230 |
5.00 |
2,573,400 |
5.20 |
420,700 |
5.44 |
430,260 |
73,580 |
| Other(1) |
1,642,000 |
3.68 |
1,567,000 |
3.97 |
3,209,000 |
3.82 |
500,000 |
5.00 |
394,040 |
80,380 |
| Paciência Total |
2,513,170 |
4.34 |
3,269,230 |
4.51 |
5,782,400 |
4.43 |
920,700 |
5.20 |
824,300 |
153,960 |
| Caeté Project |
| Pilar(3) |
1,355,400 |
5.71 |
1,249,200 |
5.73 |
2,604,600 |
5.72 |
1,620,600 |
6.59 |
479,050 |
343,400 |
| Roça Grande(3) |
3,340,200 |
3.30 |
3,396,600 |
4.59 |
6,736,800 |
3.95 |
1,377,260 |
4.43 |
855,640 |
196,180 |
| Caeté Project Total |
4,695,600 |
4.00 |
4,645,800 |
4.90 |
9,341,400 |
4.44 |
2,997,860 |
5.60 |
1,334,690 |
539,580 |
| Turmalina |
| Faina and Pontal(4) |
339,600 |
5.64 |
1,191,000 |
5.70 |
1,530,600 |
5.69 |
120,000 |
5.70 |
280,000 |
22,000 |
| Principal and NE |
276,000 |
6.10 |
2,577,000 |
7.10 |
2,854,000 |
7.00 |
1,027,000 |
6.40 |
642,390 |
211,000 |
| Satinoco (5) |
525,500 |
3.53 |
1,098,500 |
3.23 |
1,624,000 |
3.33 |
479,740 |
3.70 |
173,900 |
57,100 |
| Turmalina Total |
1,141,100 |
4.78 |
4,866,500 |
5.88 |
6,008,600 |
5.67 |
1,626,740 |
5.55 |
1,096,290 |
290,100 |
| TOTAL IN SITU RESOURCES |
23,095,210 |
4.74 |
6,704,750 |
5.15 |
3,517,860 |
1,109,030 |
Table 2 - Summary of Estimated Mineral Reserves*
| |
Proven (t) |
g/t |
Probable (t) |
g/t |
Proven +
Probable (t) |
g/t |
Ounces Au |
| Sabará |
| Sabará |
156,730 |
1.86 |
351,880 |
1.65 |
508,610 |
1.71 |
27,970 |
| Turmalina |
| Principal and NE |
234,000 |
5.50 |
2,682,000 |
6.30 |
2,916,000 |
6.30 |
587,000 |
| Satinoco(5) |
372,803 |
3.43 |
893,000 |
2.99 |
1,265,800 |
3.12 |
127,000 |
| Turmalina Total |
606,800 |
4.23 |
3,575,000 |
5.47 |
4,181,000 |
5.34 |
714,000 |
| Paciência |
| Santa Isabel (2) |
987,900 |
4.52 |
1,726,000 |
4.52 |
2,713,900 |
4.52 |
394,450 |
| Caeté Project |
Pilar (3)
Roça Grande (3) |
1,125,655
1,807,171 |
5.13
3.38 |
1,258,691
1,914,645 |
5.02
5.06 |
2,384,346
3,721,816 |
5.08
4.25 |
389,168
508,034 |
| Caeté Project Total |
2,932,820 |
4.05 |
3,173,340 |
5.04 |
6,106,160 |
4.57 |
897,200 |
| TOTAL |
4,684,259 |
4.10 |
8,826,215 |
4.98 |
13,510,474 |
4.69 |
2,033,501** |
* Mineral resources listed in Table 1 include mineral reserves listed in Table 2. Some columns and rows may not total due to rounding.
** Estimated resources and reserves as at September 19, 2008 are lower than indicated in Tables 1 and 2, as such figures do not take into account 2007 production or the amount of gold rejected to the tailings at the Turmalina operations. 2007 Turmalina production was 347,000 tonnes at 5.10 grams per tonne containing 45,527 ounces of gold. In addition, figures do not reflect test mining production at Paciência during 2006 of 21,742 tonnes at 3.23 grams per tonne containing 2,260 ounces of gold.
- TechnoMine Services, LLC ("TechnoMine") NI 43-101 Technical Report on the Quadrilátero Gold Project filed on SEDAR on December 20, 2004.
- TechnoMine NI 43-101 Feasibility Study Report on the Paciência Gold Project Santa Isabel Mine filed on SEDAR on August 9, 2007.
- TechnoMine NI 43-101 Feasibility Study Technical Report on the Caeté Gold Project filed on SEDAR on September 17, 2008.
- TechnoMine NI 43-101 Technical Report on the Turmalina Gold Project filed on SEDAR on December 20, 2004.
- TechnoMine NI 43-101 Feasibility Study Technical Report on the Turmalina Phase I Expansion Project filed on SEDAR on September 11, 2008.
The Qualified Person, as such term is defined in NI 43-101, who prepared the Quadrilátero Gold Project Technical Report, the Turmalina Gold Project Technical Report, the Satinoco Target Feasibility Study Technical Report, the Paciência Gold Project Santa Isabel Mine Feasibility Study Report and the Caeté Gold Project Feasibility Study Technical Report is Ivan C. Machado, M.Sc., P.E., P.Eng. Mr. Machado is a principal of TechnoMine and is independent for the purposes of NI 43-101.
Scott Wilson Roscoe Postle Associates Inc. ("Scott Wilson RPA") prepared NI 43-101 Technical Reports for Sabará and Turmalina, dated February 17, 2006 and July 31, 2006, respectively, and filed on SEDAR on March 2, 2006 and August 1, 2006, respectively. These reports have not been updated to reflect any new information since the dates of the reports, including, but not limited to, resources and reserves, mine and plant production, metallurgy, operating and capital costs and environmental data. The Qualified Persons who prepared the reports were Graham G. Clow, P.Eng., and Wayne W. Valliant, P.Geo. Mr. Clow and Mr. Valliant are employees of Scott Wilson RPA and are independent for the purposes of NI 43-101.
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