Jaguar Mining drills at Chamé target in Brazil, seeking near-surface gold with initial 12 holes.

Jaguar Mining has started a 3,040-meter drilling program at the Chamé target, 3 km southeast of its Santa Isabel mine in Brazil’s Iron Quadrangle, targeting near-surface gold mineralization. The initial phase includes 12 holes using HQ and NQ diameters with environmentally conscious methods. The site, within the São Vicente lineament—a major crustal shear zone linked to multiple gold deposits—benefits from proximity to infrastructure and historic mining activity. Previous trenching, including TR02, found broad low-grade gold intercepts like 54.47 meters at 0.90 g/t Au, suggesting a continuous mineralized system. All samples are being analyzed at an internationally certified SGS lab, with results expected to guide future resource development and exploration strategy.