Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +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.

Jul 07, 2026 · 07:00

Miata’s new Puma East discovery opens a second mineralized corridor, confirming district-scale potential at its Sela Creek project.

Drill Results Jun 23, 2026 · 07:00

Miata Metals extends Sela Creek to 250m depth, though cash burn and dilution continue to weigh on its TSX-V listing.

Drill Results Jun 10, 2026 · 16:29

Miata Metals advances its 25,000m Suriname drill program following its TSX-V listing, despite ongoing concerns regarding cash burn.

Production / Operations May 12, 2026 · 06:30

Community MOU Validates Miata's Suriname Strategy as Drill Program Enters Mid-Phase

Production / Operations Apr 21, 2026 · 21:52

Miata Metals TSX-V Listing Validates Suriname Gold Progress Amidst Dilution Concerns

Regulatory Apr 21, 2026 · 16:05

Miata Metals Announces Listing on the TSX Venture Exchange

Regulatory