TSX:JAG
TORONTO, June 7, 2017 /CNW/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSX:JAG) reports that it has filed on SEDAR (www.sedar.com), an independent technical report on its Turmalina Gold Mine in Brazil (the "Technical Report") pursuant to National Instrument 43-101 – Standards of Disclosure
for Mineral Projects ("NI 43-101").
The Technical Report, which is dated May 30, 2017 and entitled "Technical Report on the
Turmalina Mine, Minas Gerais State, Brazil", is available on Jaguar's website and under Jaguar's
profile on SEDAR at www.sedar.com. The Technical Report was
prepared by Jason Cox, P. Eng. and Reno Pressacco, P. Geo, both from Roscoe Postle Associates
Inc., each of whom is a "qualified person" as that term is defined in NI 43-101.
The Technical Report includes information and results disclosed by Jaguar in its annual information form dated March 30, 2017.
The Iron Quadrangle
The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699-1701 of
black gold contaminated with iron and platinum-group metals in the southeastern 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.
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 approximately 191,000 hectares. The Company's principal operating assets are
located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine
Complex ("Mineração Turmalina Ltda" or "MTL") and Caeté Gold Mine Complex ("Mineração Serras do Oeste Ltda" or "MSOL") which
combined produce more than 95,000 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 statements and information are provided for the purpose of providing information about
management's expectations and plans relating to the future. All of the forward-looking information set forth in this news release
is qualified by the cautionary statements below and those made in our other filings with the securities regulators in
Canada. 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",
"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. All statements, other than statements of historical
fact, may be considered to be or include forward-looking information. These forward-looking statements are made as of the date of
this news release and the dates of technical reports, as applicable. This news release contains forward-looking information
regarding potential and, among other things, expected production, statistics, ore grades, tonnes milled, recovery rates, cash
operating costs, and definition/delineation drilling at the Turmalina Gold Mine, the timing and amount of estimated future
production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success
of exploration, development and mining activities, currency fluctuations, capital requirements, project studies, mine life
extensions, and continuous improvement initiatives. The Company has made numerous assumptions with respect to forward-looking
information contained herein, including, among other things, assumptions about the estimated timeline and for the development of
the drill program at the Turmalina Gold Mine and its mineral properties; 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 political and legal developments in any jurisdiction in which the Company operates being consistent with its
current expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation,
exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or
other laws in Brazil and any changes to 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; uncertainties with respect to the price
of gold, labor disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental
legislation and regulation, weather delays and increased costs or production delays due to natural disasters, power disruptions,
procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including
the sometimes volatile valuation of securities and an uncertain ability to raise new capital) 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. In addition, there are risks and hazards associated with the business of
gold exploration, development, mining and production, including without limitation environmental hazards, tailings dam failures,
industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding,
chemical spills, and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance,
to cover these risks). Although we have attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking statements, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information.
SOURCE Jaguar Mining Inc.
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