Miata Metals drills 11.3 m of 3.58 g/t Au at Sela Creek

Executive Summary

• Miata Metals Corp. released drill results from the first four holes of its 2026 program at the Jons Trend zone of the Sela Creek Gold Project in Suriname.
• The new results expand the Jons Trend mineralized footprint by approximately 20%, increasing the lateral extent from 250 metres to 300 metres, while remaining open in all directions.
• The company confirmed the extension of higher-grade mineralization across the northern portion of the system, with significant high-grade intercepts including 11.3 m at 3.58 g/t Au and 8.7 m at 3.47 g/t Au.

Key Details

• Drill Program: First four holes of the 2026 drill program reported from the Jons Trend zone.
• Footprint Expansion: Jons Trend lateral extent increased by 20% to 300 metres; the zone remains open for further expansion to the north, south, and depth.
• Significant Intercepts (True Width):
  • Hole 26DDH-JT-002: 11.3 m at 3.58 g/t gold from 180 m, including 0.9 m at 30.40 g/t gold from 181 m.
  • Hole 26DDH-JT-001: 8.7 m at 3.47 g/t gold from 126 m, including 0.7 m at 31.37 g/t gold from 128.16 m.
  • Hole 26DDH-JT-001: 32 m at 1.20 g/t gold from 50 m.
  • Hole 26DDH-JT-004: 17.3 m at 1.65 g/t gold from 39 m.
• Geological Context: Mineralization is hosted in tightly folded metasedimentary rocks (upper greenschist to lower amphibolite facies). Gold-bearing shear zones crosscut the folded package, providing structural traps.
• Mineralization Style:
  • Broad zones characterized by extensive silicification and sulphide mineralization within shear zones.
  • High-grade intervals associated with quartz-chlorite-pyrite-pyrrhotite extensional veins within a strongly altered package (silica, chlorite, white mica, local biotite).
• Quality Assurance: Samples analyzed at FILAB Suriname (ISO 9001:2015 certified) using 50-gram fire assay with AA finish; gravimetric finish for values >5.0 g/t; metallic screen analysis for coarse visible gold or values >10.0 g/t.
• Future Plans: A second drill rig is on site to continue systematic expansion drilling at Jons Trend and test high-priority targets including Puma, Big Berg, and Cambior.

Notable Quotes

• "With each successive drill hole, Jons Trend is growing in size from a single discovery zone into a large, structurally controlled gold system of multiple gold zones with both bulk-tonnage potential and discrete high-grade zones of mineralization," stated Dr. Jaap Verbaas, chief executive officer of Miata.
• "The previously reported wide stepouts and now confirmed 300-metre lateral extent of Jons Trend demonstrate strong lateral continuity, while repeated high-grade intervals above 30 g/t gold are tracking higher-grade zones within the broader mineralized envelopes."
• "Sela Creek is increasingly demonstrating the characteristics of a potentially district-scale gold system with substantial exploration upside remaining."