Overview of Operations
Jaguar’s gold mining operations include the Turmalina Gold Mine Complex which consists of the Turmalina Underground Mine and Turmalina Mill), and the Caeté Complex which consists of the Pilar Gold Mine and the Roca Grande Gold Mine and Caeté Mill Operations. The Company’s Paciência Mine and Mill operations have been on care and maintenance since 2012. All operations are located in the Iron Quadrangle, a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. Belo Horizonte serves as the commercial center for Brazil’s mining industry and has excellent infrastructure to support world-class mining operations.
In October 2016, Jaguar entered into an agreement with Avanco Resources which allows them to earn-in to the Gurupi Project, a potential open pit gold mining operation in the state of Maranhão in Northern Brazil. Jaguar also holds the Pedra Branca Project, a gold exploration greenfields project in the state of Ceará, Brazil.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration for centuries, dating back to the 16th century. The discovery in 1699-1701 of black gold contaminated with iron and platinum-group metals in the south-eastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million ounce gold deposits such as Morro Velho, Cuiabá and São Bento. Jaguar holds the second largest gold land position in the Iron Quadrangle with just over 25,000 hectares.