Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
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.

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