Miata Metals drills 35.6 m of 3.04 g/t Au at Sela Creek

Executive Summary

• Miata Metals Corp. reported significant gold intercepts from drill holes 25DDH-SEL-032 and 033 at the Jons trend of its Sela Creek gold project in Suriname.
• Hole 25DDH-SEL-033 delivered the strongest intercept on the project to date: 35.6 metres at 3.04 g/t gold, including a high-grade sub-interval of 14.6 metres at 4.95 g/t gold.
• The results confirm stacked mineralized lenses and continuous mineralization over several hundred metres of strike, supporting the potential for an open-pit opportunity and further exploration.

Key Details

• Hole 25DDH-SEL-033 Intercept:
  • 35.6 metres at 3.04 g/t gold from 69.0 metres.
  • Includes 14.6 metres at 4.95 g/t gold from 90.0 metres.
  • Includes 3.0 metres at 8.93 g/t gold from 99.0 metres.
• Hole 25DDH-SEL-032 Intercept:
  • 36.8 metres at 1.71 g/t gold from 92.7 metres.
  • Includes 16.1 metres at 2.82 g/t gold from 104.4 metres.
  • Includes 5.0 metres at 4.84 g/t gold from 107.0 metres.
• Geological Context:
  • The Jons trend is a 1.2-kilometre-long and 250-metre-wide zone of artisanal mining.
  • Mineralization is hosted within fold hinges in metasedimentary rock, characterized by high-density (>30%) sheeted quartz veins with minor pyrite and pyrrhotite.
  • Visible gold was recorded in both holes at downhole depths of 35.4 m and 106.8 m (hole 032) and 96.4 m (hole 033).
  • Drilling of holes 034 to 038 suggests similar zones were intercepted.
• Historical Comparison:
  • Previous operator drilling in 2012 yielded a best result of 42 metres grading 1.22 g/t gold in hole SKD001.
  • The current steeper drill angle in hole 032 resulted in a stronger intersection (35.6m at 3.04 g/t), suggesting the new orientation better captures the full extent of mineralization.
• Future Plans:
  • Assays are pending from six additional holes at the Jons trend.
  • The company is evaluating the Jons trend as a potential open-pit opportunity.
  • The presence of a second intercept in hole 032 suggests potential for additional parallel zones.

Notable Quotes

• "These intercepts are a breakthrough for Sela Creek, delivering wide and continuous zones of gold mineralization at our Jons trend target, which hosts the largest artisanal pit at Sela Creek." — Dr. Jaap Verbaas, CEO
• "Hole 25DDH-SEL-033 returned 35.6 m of 3.04 g/t gold, the widest and best-mineralized intercept ever drilled at Sela Creek. With assays pending from six additional holes at Jons trend, we are confident in this target's ability to continue demonstrating its prospectivity." — Dr. Jaap Verbaas, CEO