12:16 PM EST - Jaguar Mining Inc. : provided an update of its Q1 2011 exploration program at its operating properties and exploration concessions in the states of Minas Gerais and Maranhão, Brazil. Jaguar's exploration effort during Q1 2011 focused on targets in and around its existing operations as follows: ore bodies A and B at the Turmalina mining complex, NW1 and NW3 targets at the Paciência mining complex and at the Pilar Mine at the Caeté mining complex. Significant intercepts of high grade gold mineralization have been confirmed at numerous zones in these brownfield targets. Mineralization has ranged as high as 33.86 grams per ton gold. Jaguar Mining Inc.
shares T.JAG are trading down $0.22 at $4.92.
