Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

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.

Oct 29, 2026 · 06:30

Miata reports its best grade-width intersection at Jons Trend, with 95% of the metal contained in a single 3.6 m interval.

Drill Results Oct 20, 2026 · 06:30

Miata’s JT-025 hole at Jons Trend returned 154 gram-metres over a 1.5 km corridor.

Drill Results Sep 29, 2026 · 06:30

Miata’s Jons Trend step-out matches the ~120 g.m anchor grade without exceeding the expected benchmark.

Drill Results Sep 21, 2026 · 06:30

Miata’s Sela Creek project demonstrates high recovery rates, though the asset remains in the exploration stage without confirmed economic metrics.

Technical Study Aug 17, 2026 · 06:41

La Mancha acquired a 19.9% stake in Miata at C$0.41 per share, triggering an early warning filing.

Financings Aug 11, 2026 · 20:51

Miata filed its final prospectus for a C$23.3 million bought deal and a strategic stake in La Mancha.

Financings