Jaguar Mining Advances Exploration Plan with New Partnerships

Jaguar Mining Inc. has announced significant progress in its exploration strategy by partnering with Major Drilling Group and GEOSOL. These engagements aim to enhance the Company’s 5-Year Exploration Plan at the Chamé and Bahú Corridor in the Iron Quadrangle, Minas Gerais, Brazil. This plan, launched in 2025, involves a substantial 227,200 meters of drilling with an estimated budget of US$43 million.

The initiative focuses on targets near the Santa Isabel Mine and Processing Plant, areas of high exploration priority. Drilling began at Chamé in December 2025 with local contractors, and the company is now elevating operations with tier 1 drilling partners to achieve technical excellence. The partnerships aim to improve data quality and project execution, crucial for Jaguar’s long-term growth.

The Chamé and Bahú targets form part of Jaguar’s extensive exploration in the historically rich Iron Quadrangle region. The partnership is expected to bolster Jaguar Mining’s standing and aid in consolidating its position as a significant gold producer in this prolific area.