Miata drills 18 m of 2.58 g/t Au at Sela Creek

Executive Summary

• Miata Metals Corp. reported its strongest drill results to date at the Sela Creek gold project in Suriname, intersecting 18 meters at 2.58 g/t gold near the surface at the Puma target.
• The intercept includes high-grade intervals of 7.5 meters at 5.64 g/t Au and 1.5 meters at 20.88 g/t Au, hosted in saprolite which is favorable for low-cost processing.
• The company is initiating follow-up trenching and drilling to define the extent and continuity of the mineralized zone across the 2.7-kilometer strike length of the Puma target.

Key Details

• Intercept Details: 18 meters at 2.58 grams per tonne gold (g/t Au) from 5.6 meters downhole.
• High-Grade Intervals:
  • 7.5 meters at 5.64 g/t Au from 10.1 meters.
  • 1.5 meters at 20.88 g/t Au from 16.1 meters.
• Geological Context: The entire mineralized intercept is hosted in saprolite (oxidized and weathered bedrock), which is favorable for low-cost processing.
• Target Scale: The Puma target spans approximately 2.7 kilometers of strike length, with artisanal workings extending over this distance.
• Significance: This is the strongest drill result to date at Sela Creek, indicating district-scale potential for wide zones of high-grade gold.
• Exploration Strategy: Follow-up trenching and drilling are underway to define the orientation and continuity of the zone. Drilling has only tested a small portion of the 2.7-kilometer trend with wide spacing, leaving considerable room for discovery.
• Project Scope: The Sela Creek concession covers 215 square kilometers in the greenstone belt of Suriname, with multiple untested trends open for discovery.
• Operational Update: With the onset of the dry season in Suriname, two excavators are being used to accelerate surface work, including trenching, access, and drill pad preparation.
• QA/QC: Samples sent to Filab in Paramaribo (ISO certified) using 50-gram aliquot fire assay; standards, duplicates, and blanks yielded acceptable values.

Notable Quotes

• "This early result at Puma is the strongest result we've seen to date at Sela Creek and is a clear signal that high-grade gold mineralization occurs over significant widths on the project," stated Dr. Jaap Verbaas, chief executive officer of Miata Metals. "Intersecting 18 metres at 2.58 g/t gold near surface confirms Puma as a highly prospective target with the right geological setting for a large orogenic gold system. Just as important, this gives us a road map for follow-up drilling along the 2.7-kilometre trend and across our broader pipeline of targets. We believe this is only the beginning of unlocking the district-scale opportunity at Sela Creek."