Northwire Canada EditionFriday, August 7, 2026
Northwire
NXS 0.170 +0.0% NTH 0.170 +3.0% IMG 22.48 +0.6% ATY 0.255 +0.0% SMN 0.110 −4.3% WPM 175.79 +1.9% CNC 1.60 −4.8% RME 0.175 +0.0% INTR 0.770 −3.8% PNTR 0.430 −4.4% COPR 0.350 +0.0% YGT 0.180 +0.0% ARIC 0.880 +6.0% LUCA 0.920 −3.2% IVN 11.39 −0.3% HHH 4.30 +9.1% NXS 0.170 +0.0% NTH 0.170 +3.0% IMG 22.48 +0.6% ATY 0.255 +0.0% SMN 0.110 −4.3% WPM 175.79 +1.9% CNC 1.60 −4.8% RME 0.175 +0.0% INTR 0.770 −3.8% PNTR 0.430 −4.4% COPR 0.350 +0.0% YGT 0.180 +0.0% ARIC 0.880 +6.0% LUCA 0.920 −3.2% IVN 11.39 −0.3% HHH 4.30 +9.1%
Drill Results

Miata Doubles Mineralized Footprint at Jons Trend with a 500m Step Out in Hole 039 and Highlights 54 m at 1.04 g/t Au in Hole 043

MMET · Price

Executive Summary

  • Miata Metals released extensive drill results from the Jons Trend Zone at Sela Creek, confirming gold mineralization over a 750 m × 250 m corridor to 200 m depth and expanding the known footprint by >100 % with a 500 m step‑out.
  • Multiple holes returned wide, high‑grade intercepts (e.g., 4.9 m @ 4.04 g/t Au; 54 m @ 1.04 g/t Au) and the program met its 2025 target of >10 km drilled, with additional 2,755 m pending assay.
  • Management highlighted the potential for an open‑pit resource and announced a fully funded two‑rig drilling program for Q1 2026 to accelerate discovery across Sela Creek.

Key Details

  • Drill Program Scope: 10,061 m drilled in 2025 (target met); 2,755 m of results pending.
  • Step‑Out Success: Hole 25DDH‑SEL‑039 (500 m step‑out) delivered 4.9 m @ 4.04 g/t Au and 13.6 m @ 0.80 g/t Au, confirming strike continuity and doubling the known mineralized footprint.
  • Notable Intercepts:
  • Hole 25DDH‑SEL‑043 – 54 m @ 1.04 g/t Au; 3.4 m @ 1.12 g/t Au
  • Hole 25DDH‑SEL‑038 – 53.6 m @ 0.84 g/t Au
  • Hole 25DDH‑SEL‑044 – 18.9 m @ 1.01 g/t Au; 5.4 m @ 2.29 g/t Au
  • Hole 25DDH‑SEL‑045 – 9 m @ 0.79 g/t Au; 16.5 m @ 0.83 g/t Au; 4.4 m @ 3.13 g/t Au
  • Hole 25DDH‑SEL‑046 – 34 m @ 1.05 g/t Au; 12 m @ 1.15 g/t Au
  • Overall Continuity: Every hole intersected gold, many with multiple subparallel zones; mineralization open along strike and to depth (average drill depth ~134 m, max 200 m).
  • Geophysical Insight: Magnetic inversion suggests primary structures (e.g., Central Guyana Shear Zone) extend to >1.5 km depth, implying potential deeper mineralization.
  • QA/QC: Samples assayed by FILAB Suriname (ISO 9001:2015); fire‑assay with AA finish; high‑grade samples re‑assayed gravimetrically; QA includes blanks, duplicates, and certified standards.
  • Qualified Person: Dr. Jacob Verbaas, P.Geo., Director & QP under NI 43‑101 reviewed the technical information.

Notable Quotes

“The drilling at Jons Trend continues to deliver significant mineralization across a large footprint that is entirely open, which supports the potential for a future open‑pit resource at Sela Creek,” – Dr. Jacob Verbaas, CEO & Director.

“Our objective in 2026 is to demonstrate that Sela Creek is the next major gold district in Suriname.” – Dr. Jacob Verbaas.

Read the original news release →

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