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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Miata Completes First Four Holes of Fully Funded 25,000 Metre Drill Program at Sela Creek Gold Project, Suriname

By The Northwire Desk — AI Analysis Feb 03, 2026 · 08:00 MMET · 0.55 Miata Metals Corp.
MMET · Price

Executive Summary

  • Miata Metals has completed the first four holes of its fully funded 25,000‑metre 2026 diamond drilling program at the Sela Creek Gold Project in Suriname.
  • Visible gold was intersected in both of the initial Jon’s Trend drill holes (26DDH-JT-001 and 26DDH-JT-002), confirming the refined targeting approach.
  • The program allocates ~12,500 m to expand Jon’s Trend and ~12,500 m to test high‑priority targets (Big Berg, Puma, Stranger, Golden Hand, etc.), with drill rigs supplied by Major Drilling.

Key Details

  • Program Scope: 25,000 metres total, fully funded; two drill rigs deployed.
  • Jon’s Trend – Hole 26DDH-JT-001:
  • Vein zones intercepted: 52.30‑101.68 m (49.38 m) and 128.16‑147.95 m (19.79 m).
  • Visible gold occurrence at 134.20 m.
  • Jon’s Trend – Hole 26DDH-JT-002:
  • Vein zones intercepted: 84‑108 m (24 m), 121.15‑147.60 m (26.45 m), and 174.52‑192.87 m (18.35 m).
  • Visible gold occurrence at 181.70 m.
  • Assay Plan: Samples sent to FiLAB Suriname; results will be released as received.
  • Target Prioritization & High‑Grade Chip Samples:
  • Big Berg chip samples: 30.02 g/t Au and 44.64 g/t Au over 1 m intervals.
  • Puma historic intercepts: 5.3 m @ 8.25 g/t Au; 18 m @ 2.70 g/t Au.
  • Drill Allocation: ~12,500 m to Jon’s Trend (step‑out expansion, continuity drilling, depth extensions) and ~12,500 m to advanced exploration targets (Puma, Stranger, Howler, Golden Hand, etc.).
  • Structural Framework: Refined based on >10,000 structural measurements; 100% hit rate at Jon’s Trend in 2025.
  • Timeline: Drilling and surface work continue through December 2026; regular assay updates to follow.
  • QA/QC: Certified ISO‑9001:2015 laboratory (FiLAB); fire assay with AA finish, duplicate core checks, metallic screen assays for high‑grade intervals.
  • Qualified Person: Dr. Jacob Verbaas, P.Geo., Director and QP under NI 43‑101.

Notable Quotes

“This drill program marks the beginning of a defining year for the Sela Creek Gold Project… Intersecting visible gold in the first two holes of the year is an encouraging early validation of our refined targeting approach.” – Dr. Jacob Verbaas, CEO

Read the original news release →

More from Miata Metals Corp.

Jul 29, 2026 · 20:39

Miata upsizes its strategic stake to 19.9% in a $23.3m financing to fund the Sela Creek drill program.

Financings Jul 28, 2026 · 17:45

Miata’s 19.9% stake at C$0.41 validates Sela Creek gold potential, fully funding the 2026 drill campaign.

Financings 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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