JAGUAR MINERALS LIMITED - ASX: JAG

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Description

Jaguar focus has landed on 5 projects. The directors of Jaguar consider the projects to have a high degree of prospectivity each with potential exploration success. The company will continue to look to expand its portfolio if and when new opportunities arise.

Kintore (Gold)

Kintore is located 43km north of Coolgardie and comprises a group of contiguous prospecting licences and mining leases with a total area of 725ha. Jaguar has a 100% interest in 3 Prospecting Licences covering 449ha and has an option to purchase agreement with Mr K M Pavlinovich concerning one prospecting licence and 3 mining leases. The tenements cover a significantly mineralised portion of an intrusive granitoid known as the Kintore Tonalite. The area has produced approximately 50,000oz gold, mainly from the "alluvial" cement leads, with gold production still occurring from bedrock quartz veins as low tonnage, high grade parcels. This latest drilling confirms the presence of a number of south dipping mineralised structures. Intersections are high grade but narrow. The best intersection 4m @ 5.35 ppm Au included 1m at 18.6g/t. Mineralisation is located within thin quartz veins in the tonalite with associated chlorite/pyrite alteration. Further drilling is required to define the continuity and strike extent of these high grade intersections.

Springfield (Gold, Copper)

The Project area of 139km2 covers a large part of a predominantly Ordovician volcaniclastic sequence, containing numerous gold prospects that are believed to be the prime source of the +½ million ounces of alluvial gold produced in the Gulgong region between 1872-1927. Previous exploration work by Herald Resources Ltd has estimated that the Springfield deposit contains an inferred mineral resource of 1.05Mt at 1.4g/t Au for a contained 47,000oz gold, using a lower cut off grade of 1.0g/t Au. There is potential to increase this resource with further drilling along strike to the north and south and with additional infill drilling. Higher grade targets may exist in cross cutting structures within the existing resource area as discussed in the Independent Geologist's report.

Mt David (Gold, Copper)

The Mount David area is underlain by predominantly Ordovician mafic to ultramafic volcanics, volcaniclastics and metasediments. Gold and copper mineralisation is widespread, mainly within the Ordovician rocks and often associated with the western structural imbricate zone. Much of this mineralisation is fracture controlled and of short strike length, however, there are indications that portions of the area may host granitoid intrusives at depth.

Wilson River (Zinc, Lead, Silver)

Jaguar Minerals Ltd ("Jaguar") has completed the first drill program carried out at Wilson River and has successfully identified zinc/lead mineralisation.

Temma (Copper, Base Metals)

In early 2002, a detailed helicopter electromagnetic survey was carried out over the Balfour and Temma areas by Mineral Resources Tasmania (MRT) as part of the Western Tasmanian Regional Minerals Program. The resultant data were released in mid 2002. As a result of this data Jaguar Minerals was attracted to this area and commenced work in 2004. Since commencing work in the area the Temma project became available. A number of strong discrete EM anomalies are evident in the MRT data.

Mine For

gold, copper, lead, silver, sinz

Location of operation(s)

Tasmania, Western Australia, New South Wales

Address

Unit 3, 50 Colin St
WEST PERTH, WA, AUSTRALIA

Phone

08 9485 0911

Email

Website

http://www.jaguarminerals.com.au

Last Updated

12/03/2010