Northwire Canada EditionSaturday, July 25, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Routine +

Miata Reports 23.75 m at 5.73 g/t Gold at Jons Trend, Confirming High-Grade Continuity at Sela Creek in Suriname

Miata Metals Confirms High-Grade Continuity at Sela Creek as Exploration Program Enters Critical Phase

By The Northwire Desk — AI Analysis Apr 14, 2026 · 08:00 MMET · 0.495 Miata Metals Corp.
Executive Summary
  • Miata Metals announced drilling results from hole 26DDH-JT-008 at the Jons Trend zone of its Sela Creek Gold Project in Suriname.
  • The headline intercept is 23.75 meters at 5.73 g/t gold, described as the highest-grade intercept drilled to date for a continuous interval.
  • Sub-intervals include high-grade zones such as 1.65 m at 25.15 g/t and 3.94 m at 9.46 g/t.
  • The company confirmed a structurally controlled mineralized corridor measuring approximately 750 meters long by 300 meters wide.
  • Two active drill rigs are operating to expand the Jons Trend and Big Berg areas while testing new targets in the Puma Area.
  • The ongoing program is a fully funded 25,000-meter diamond drilling initiative announced in December 2025.
Material Impact
  • Confirmation of Core Asset: The results validate the Jons Trend as the primary driver of value within the Sela Creek project, moving beyond step-out discoveries to defining continuity.
  • Grade vs. Width Trade-off: While previous holes (Feb 2026) showed higher grades (>30 g/t), they were narrow intervals; this result offers a wider interval at significant grade, which is favorable for resource modeling and potential open-pit economics.
  • Program Execution: The news confirms the company is executing its fully funded plan without capital constraints, reducing immediate dilution risk compared to pre-financing periods.
  • Incremental Nature: As part of an announced 25,000-meter program with results released sequentially since January 2026, this falls within expected exploration cadence rather than a sudden paradigm shift.
  • Market Expectation: The market has already priced in the success of the Big Berg discovery (March 2026) and the Jons Trend expansion; this result reinforces existing bullish sentiment without fundamentally altering the valuation narrative significantly beyond previous announcements.
MMET · Price
Company Overview
  • Company: Miata Metals Corp., focused on gold exploration in Suriname.
  • Flagship Project: Sela Creek Gold Project.
  • Key Zones: Jons Trend (primary discovery), Big Berg (near-surface system), Puma Area, Stranger, Golden Hand.
  • Project Status: Exploration phase; drilling program active with no production yet.
  • Geology: Structurally controlled gold-bearing vein system associated with dilation across fold hinges and parallel shear zones in metasedimentary rocks.
Read the original news release →

More from Miata Metals Corp.

Jul 13, 2026 · 07:00

Miata reports a 122 g/t gold intercept at Jons Trend, strengthening continuity without transformational impact.

Drill Results Jul 07, 2026 · 07:00

Miata’s new Puma East discovery opens a second mineralized corridor, confirming district-scale potential at its Sela Creek project.

Drill Results Jun 23, 2026 · 07:00

Miata Metals extends Sela Creek to 250m depth, though cash burn and dilution continue to weigh on its TSX-V listing.

Drill Results Jun 10, 2026 · 16:29

Miata Metals advances its 25,000m Suriname drill program following its TSX-V listing, despite ongoing concerns regarding cash burn.

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Miata Metals Expands Sela Creek Gold Footprint as Drill Program Continues

Drill Results May 12, 2026 · 06:30

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