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Operations | Turmalina | Maps & Photos |
Overview
Operations
• Turmalina
• Paciência
• Caeté Project
• Sabará
Exploration
• Iron Quadrangle
• Pedra Branca Project
Reserves & Resources
| Turmalina is an underground mine transitioning from the "sublevel stoping with paste fill" method to a predominantly "cut and fill" mining method. Turmalina was commissioned in November of 2006 and is currently processing 1,300 tonnes per day of ore in its CIP (carbon-in-pulp) plant. Location The Turmalina mining complex is located 140 km northwest of 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 4,181,800 tonnes with an average grade of 5.34 grams per tonne containing 714,000 ounces of gold to an average depth of 390 meters. Measured and Indicated Resources (include mineral reserves above) 6,008,600 tonnes with an average grade of 5.67 grams per tonne containing 1,096,290 ounces of gold. Inferred Resources 1,626,740 tonnes with an average grade of 5.55 grams per tonne containing 290,100 ounces of gold. Projected Annual Production 75,000 to 80,000 ounces of gold in 2008 rising to approximately 175,000 ounces of gold in 2014. Expansion Plan Jaguar's plan is to add tonnage from the multiple ore bodies identified at Turmalina through further development of these gold bearing structures and expand the existing processing plant to reach the 175,000-ounce level by 2014. As all of 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 resource base. In addition, Jaguar has an active exploration program along strike at Turmalina where several additional mineralized zones are known to exist. |
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