Northwire Canada EditionFriday, November 6, 2026
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Gold 4,084.50 −0.7% Silver 52.15 −0.4% Copper 6.27 −0.1% Oil 90.66 +0.1% Palladium 1,023.00 −2.0% HBM 29.63 +2.8% ELEF 0.285 +137.5% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.63 +2.8% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.430 +4.9% TOM 0.100 +0.0% Gold 4,084.50 −0.7% Silver 52.15 −0.4% Copper 6.27 −0.1% Oil 90.66 +0.1% Palladium 1,023.00 −2.0% HBM 29.63 +2.8% ELEF 0.285 +137.5% MUN 0.300 +0.0% SAGA 0.385 +2.7% GHL 0.060 +0.0% REVX 1.30 +17.1% AMX 3.63 +2.8% TSG 0.185 −17.8% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.65 +0.4% SURG 0.420 +2.4% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.430 +4.9% TOM 0.100 +0.0%
Drill Results Routine +

Miata Expands District-Scale Gold System at Sela Creek, Suriname, Including 11 m at 3.35 g/t Au within 25.1 m at 1.71 g/t Au at Jons Trend

Miata Metals Expands Sela Creek Gold Footprint as Drill Program Continues

By The Northwire Desk — AI Analysis May 28, 2026 · 07:00 MMET · 0.55 Miata Metals Corp.
Executive Summary
  • Miata Metals Corp. announced additional drill results from its ongoing 25,000 m diamond drilling program at the Sela Creek Gold Project in Suriname.
  • Drilling at Jons Trend and Big Berg confirmed continuity of mineralization across a broad structural corridor.
  • Key intercepts include 11.0 m at 3.35 g/t Au within 25.1 m at 1.71 g/t Au at Jons Trend (Hole 26DDH-JT-014).
  • Big Berg zone also showed continuity with multiple holes intersecting gold mineralization.
  • The Board approved a stock option grant of 2,025,000 options to management and consultants at an exercise price of $0.60 per share.
  • Geological modeling using over 15,000 structural data points highlights repeating mineralized vein zones with a drill hit rate close to 100% at Jons Trend.
Material Impact
  • The news confirms the "district-scale" narrative established in previous months (Oct 2025, Dec 2025), validating the company's exploration thesis rather than introducing a new paradigm shift.
  • Drill results are consistent with expectations set by the fully funded 25,000 m program announced in December 2025; therefore, the market impact is incremental rather than transformative.
  • The stock option grant at $0.60 (current price ~$0.55) suggests management alignment but introduces minor dilution risk if exercised later.
  • No new strategic investors or major financing events are announced in this release, limiting immediate capital impact.
  • Given the consistent stream of positive drill results over the past 12 months, this update is viewed as routine validation of ongoing work rather than a material surprise.
MMET · Price
Company Overview
  • Company: Miata Metals Corp. (TSX-V: MMET).
  • Flagship Project: Sela Creek Gold Project, Suriname.
  • Project Status: Exploration stage with active drilling program; no Mineral Resource Estimate disclosed in provided data.
  • Key Zones: Jons Trend (primary focus), Big Berg (new discovery zone), Puma Area, Stranger Target.
  • Ownership: Company holds 70% interest in Sela Creek Gold Project with an option to acquire 100%.
  • Jurisdiction: Suriname; recent MOU signed with Okanisi People for community collaboration.
Read the original news release →

More from Miata Metals Corp.

Oct 29, 2026 · 06:30

Miata reports its best grade-width intersection at Jons Trend, with 95% of the metal contained in a single 3.6 m interval.

Drill Results Oct 20, 2026 · 06:30

Miata’s JT-025 hole at Jons Trend returned 154 gram-metres over a 1.5 km corridor.

Drill Results Sep 29, 2026 · 06:30

Miata’s Jons Trend step-out matches the ~120 g.m anchor grade without exceeding the expected benchmark.

Drill Results Sep 21, 2026 · 06:30

Miata’s Sela Creek project demonstrates high recovery rates, though the asset remains in the exploration stage without confirmed economic metrics.

Technical Study Aug 17, 2026 · 06:41

La Mancha acquired a 19.9% stake in Miata at C$0.41 per share, triggering an early warning filing.

Financings Aug 11, 2026 · 20:51

Miata filed its final prospectus for a C$23.3 million bought deal and a strategic stake in La Mancha.

Financings