# Jaguar Mining Intersects High-Grade Gold at Faina Orebody, Confirming Continuity of Mineralization at Turmalina Mine *2026-07-27T07:00:00-04:00* Jaguar Mining Intersects High-Grade Gold at Faina Orebody, Confirming Continuity of Mineralization at Turmalina Mine _**- Multiple high-grade zones intersected, including 11.88 g/t gold over 5.39 metres**_ **TORONTO, ON / [ACCESS Newswire](https://www.accessnewswire.com/)/ July 27, 2026 / **Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) is pleased to announce that the initial drilling campaign at the Faina orebody, located within the Turmalina Mine complex, has successfully intersected multiple high-grade gold zones. These results confirm the continuity of mineralization and support the Company's strategy to expand Mineral Resources within the Faina orebody, one of four orebodies that comprise the Turmalina mine. Since Jaguar Mining obtained permission to resume activities at the Turmalina operations (see Jaguar Mining News Release dated March 9, 2026), resource conversion and new resource drilling activities have been increased, providing the foundation for the full resumption of mining operations at the Faina orebody, which is located to the NNW of current mining activities at the Turmalina mine. (See **Figures 2-7**below). **HIGHLIGHTS** **High-Grade Gold Intercepts:**Initial drillholes returned significant gold grades, including: - **3.40m @ 7.67 g/t Au**(FAI0177) - **5.39m @ 11.88 g/t Au**(FAI0178) - **2.14m @ 9.01 g/t Au**(FAI0182) - **3.13m @ 22.46 g/t Au**(FAI0182) **Exploration Success:**The drilling confirms the presence of robust mineralization within the Faina target zone and demonstrates the effectiveness of the current exploration strategy. **Model Validation:**The drilling results successfully validate the current geological model while refining the geometry and continuity of the mineralized lenses. This improved understanding of the orebody provides greater confidence for short- and medium-term mine planning and stope design. **Resource Growth Opportunity:**These encouraging initial results reinforce the potential to expand Mineral Resources at Turmalina and support future underground mine development. "These results validate the long-term geological model of the Faina orebody, illustrating the continuity of the mineralized bodies both across strike and at depth, and opening the possibility of new exploration drilling for additional resources," commented Armando José Massucatto, General Manager of Exploration at Jaguar Mining. "CEO Luis Albano Tondo commented: These drilling results at Faina confirm the continuity of high-grade mineralization and reinforce our confidence in the resource growth potential at Turmalina. Equally important, the initial metallurgical performance of Faina ore in the plant has so far exceeded our expectations, with gold recoveries reaching approximately 70% in the industrial circuit, a meaningful improvement over the 55% observed during previous lab and pilot testing. While these results are still preliminary and will require further monitoring to confirm their consistency, they suggest that the Faina orebody could deliver stronger economic returns than originally anticipated. Together, exploration success and encouraging metallurgical performance are advancing Faina as a key component of our growth strategy in the Iron Quadrangle **Table 1 - Assay Highlights** | **Hole ID** | **From** | **To** | **DownHole Interval (m)** | **Estimated True Width (m)** | **Gold Grade (g/t Au)** | **Composite** | **Type** | | --- | --- | --- | --- | --- | --- | --- | --- | | **FAI0177** | 62.63 | 66.40 | 3.77 | 3.40 | 7.67 | 3.40m @ 7.67 g/t | Composite | | 62.63 | 64.45 | 1.82 | 1.64 | 13.67 | 1.64m @ 13.67 g/t | Including | | | **FAI0178** | 51.00 | 56.54 | 5.54 | 5.39 | 11.88 | 5.39m @ 11.88 g/t | Composite | | 51.00 | 54.61 | 3.61 | 3.58 | 17.99 | 3.58m @ 17.99 g/t | Including | | | **FAI0182** | 80.33 | 82.52 | 2.19 | 2.14 | 9.01 | 2.14m @ 9.01 g/t | Composite | | 182.30 | 185.50 | 3.20 | 3.13 | 22.46 | 3.13m @ 22.46 g/t | Composite | | | 182.30 | 184.81 | 2.51 | 2.40 | 28.46 | 2.40m @ 28.46 g/t | Including | | **Table 2 - Hole Collars** | **Hole ID** | **Easting (m)** | **Northing (m)** | **Elevation (m)** | **Total Depth (m)** | **Collar Dip (°)** | **Collar Azimuth (°)** | | --- | --- | --- | --- | --- | --- | --- | | **FAI0177** | 511704.91 | 7818444.26 | 416.67 | 99.47 | -43.87 | 305 | | **FAI0178** | 511705.01 | 7818441.36 | 416.46 | 80.01 | -37.13 | 256.1 | | **FAI0182** | 511882.13 | 7818501.05 | 400.86 | 200.83 | -35.48 | 254.88 | **Geological Overview** The Faina orebody is located within the Turmalina mine which also includes the A, B, and D orebodies, all hosted within a NNW-trending shear zone that extends from the A orebody to the Pontal Norte orebody, indicating connectivity of gold mineralization through well-understood shear zones. The Faina orebody is a structurally controlled orogenic gold system that exhi