TSX-V: JAG
TORONTO,
May 25, 2016 /CNW/ - Jaguar
Mining Inc. ("Jaguar" or the "Company") (TSX-V: JAG) reports
that it has filed on SEDAR (www.sedar.com), an independent National
Instrument 43-101 ("NI 43-101") "Technical Report on the Turmalina
Mine, Minas Gerais State, Brazil"
(the "Technical Report").
The Technical Report supports the Company's
updated Mineral Reserves and Mineral Resources announced in a news
release dated April 6, 2016.
The Technical Report dated May 24, 2016 is available on Jaguar's website and
was prepared by Jason Cox, P. Eng.
and Reno Pressacco, P. Geo, both from Roscoe Postle Associates Inc.
("RPA"), each of whom is a "qualified person" as that term is
defined in NI 43-101.
About Jaguar Mining Inc.
Jaguar Mining
Inc. is a Canadian-listed junior gold mining, development, and
exploration company operating in Brazil with three gold mining complexes, and a
large land package with significant upside exploration potential
from mineral claims covering an area of approximate 191,000
hectares. The Company's principal operating assets are located in a
prolific greenstone belt in the state of Minas Gerais and include
the Turmalina Gold Mine Complex ("Mineração Turmalina Ltda" or
"MTL") and the Caeté Gold Mine Complex ("Mineracao Serras do Oeste
Ltda" or "MSOL") which combined produce more than 90,000 ounces of
gold annually. The Company also owns the Paciência Gold Mine
Complex, which has been on care and maintenance since 2012.
Additional information is available on the Company's website at
www.jaguarmining.com.
FORWARD-LOOKING STATEMENTS
Certain
statements in this news release constitute "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information contained in
forward-looking statements can be identified by the use of words
such as "are expected", "is forecast", "is targeted",
"approximately", "plans", "anticipates" "projects", "anticipates",
"continue", "estimate", "believe" or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will" be taken, occur or be
achieved. This news release contains forward-looking information
regarding the development and operations of the Company's mines,
and anticipated gold production. The Company has made numerous
assumptions with respect to forward-looking information contained
herein, including, among other things, the supply and demand for,
and the level and volatility of the price of, gold; the accuracy of
reserve and resource estimates and the assumptions on which the
reserve and resource estimates are based; the receipt of necessary
permits; market competition; ongoing relations with employees and
impacted communities; and general business and economic conditions.
Forward-looking information involves a number of known and unknown
risks and uncertainties, including among others the risk of Jaguar
not meeting the forecast plans regarding its operations and
financial performance, the uncertainties with respect to the price
of gold, labor disruptions, mechanical failures, increase in costs,
environmental compliance and change in environmental legislation
and regulation, procurement and delivery of parts and supplies to
the operations, uncertainties inherent to capital markets in
general and other risks inherent to the gold exploration,
development and production industry, which, if incorrect, may cause
actual results to differ materially from those anticipated by the
Company and described herein. Accordingly, readers should not place
undue reliance on forward-looking information.
For additional information with respect to
these and other factors and assumptions underlying the
forward-looking information made in this news release, see the
Company's most recent annual information form and management's
discussion and analysis, as well as other public disclosure
documents that can be accessed under the issuer profile of "Jaguar
Mining Inc." on SEDAR at www.sedar.com. The forward-looking
information set forth herein reflects the Company's reasonable
expectations as at the date of this news release and is subject to
change after such date. The Company disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by law. The forward-looking information
contained in this news release is expressly qualified by this
cautionary statement.
Neither the TSX Venture Exchange nor its
Regulations Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Jaguar Mining Inc.