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Tuesday, 5th October 2004 (3786 views)

Gold producer Jaguar Mining, has announced it has sealed a new deal to buy the Turmalina Gold Project in Minas Gerais in Brazil.<BR/><BR/>The project has been purchased from Mineracao AngloGold and will see Jaguar pay $1.35 million over the next three years for a 100 per cent ownership and control.<BR/><BR/>According to United Press International, Jaguar believes the project fits well with its existing structure and strategies and hopes it will increase its production profile in 2007.<BR/><BR/>A feasibility study is now being conducted to ensure production can begin at Turmalina as soon as possible.<BR/><BR/>This acquisition means that 592,000 ounces of gold in measured and indicated resources have now been added to Jaguar's profile.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3539444"/>

 

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