Northwire Canada EditionFriday, July 10, 2026
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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 Intersects 63 m at 1.44 g/t Au Extending Gold Mineralization at Depth at Sela Creek, Suriname

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

By The Northwire Desk — AI Analysis Jun 23, 2026 · 07:00 MMET · 0.4 Miata Metals Corp.
Executive Summary
  • Miata Metals Corp. released drill results from its ongoing 25,000-metre diamond drilling program at the Sela Creek Gold Project in Suriname.
  • Hole 26DDH-JT-016 at Jons Trend extended five known vein zones 50 metres down-dip to a vertical depth of 250 metres, intersecting a broad 63-metre interval at 1.44 g/t Au.
  • A new deeper gold zone was discovered below the existing geological model (5.29 m at 1.56 g/t Au), confirming the system remains open at depth.
  • Step-out drilling at Big Berg returned broad and high-grade intercepts (e.g., 33.0 m at 1.03 g/t Au, 9.25 m at 3.10 g/t Au), reinforcing geological continuity.
  • Results support a single, expansive mineralized corridor spanning approximately 1,300 metres in strike length between Jons Trend and Big Berg.
  • Approximately 10,300 metres of the 25,000-metre program have been completed to date, with two rigs active at Jons Trend and Puma East.
Material Impact
  • The June 23, 2026 release represents expected, incremental exploration progress consistent with the company's fully funded 2026 drilling campaign.
  • The results validate the company's structural targeting model and extend the known footprint vertically and laterally, which is a positive step toward defining a larger resource.
  • However, the news is routine in nature. It follows a clear progression of drill results announced throughout 2025 and early 2026 (e.g., May 28, April 14, March 24, Feb 24 releases) and does not contain unexpected, market-moving information.
  • No new financing, management changes, or regulatory milestones are attached to this release. The primary impact is continued confirmation of geological continuity, which supports long-term project value but does not immediately alter near-term cash flow or capital requirements.
MMET · Price
Company Overview
  • Miata Metals Corp. is an exploration-stage company focused on the Sela Creek Gold Project in Suriname, located in the underexplored Guyana Shield orogenic gold belt.
  • The company holds a 70% interest in Sela Creek with an option to earn 100% through cash payments and share issuances over three periods, requiring US$1M in exploration expenditures in the first two periods.
  • The flagship project features multiple emerging discoveries, primarily Jons Trend and Big Berg, which are showing strong geological continuity and potential for a district-scale, structurally controlled gold system.
  • The company also holds the Nassau project, though exploration is currently paused pending concession renewals.
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 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 28, 2026 · 07:00

Miata Metals Expands Sela Creek Gold Footprint as Drill Program Continues

Drill Results 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