1. Miata Metals' Sela Creek Gold Project expands with a third drill rig. 2. 2025 drilling achieved 100% hit rate and increased operational efficiency. 3. Plans for 2026 include 25,000 m of drilling with multiple targets. 4. Insiders exercised stock options, showing confidence in the company's prospects. 5. Ongoing exploration may unlock significant value amid strong geological continuity.
FAQ
Why Bullish?
The 100% hit rate and expansion of drilling plans suggest strong future potential, similar to prior successful exploration phases that boosted stock prices dramatically in the past.
How important is it?
The announcement of increased drilling capacity and successful past performance directly influences market confidence in MMETF.
Why Long Term?
The full impact will depend on results from the 2026 drill program, which could take time to translate into market pricing.
Miata Metals Corp. Expands Exploration Efforts with Additional Drill Rig at Sela Creek Gold Project
VANCOUVER, British Columbia, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) is excited to announce the arrival of an additional drill rig at its Sela Creek Gold Project in Suriname. This addition supports a fully funded 25,000 m drill program, set to commence in 2026, which follows a successful 2025 drilling campaign.
2025 Campaign Success and Future Plans
The past year's efforts culminated in 10,061 m of drilling, achieving a remarkable 100% hit rate at the Jons Trend Zone. Miata identified multiple new mineralized zones and enhanced operational efficiency during this period. With the upcoming program, the company aims to target:
- 25,000 m of drilling in total for 2026
- Approximately 50% focused on Jons Trend
- Remaining 50% dedicated to six significant discovery targets
Key Discovery Targets
The 2026 exploration efforts will concentrate on several compelling discovery targets, including:
- Puma East: 5.3 m at 8.25 g/t gold
- Big Berg: 14 m at 1.72 g/t gold
- Puma West: 18 m at 2.70 g/t gold
Dr. Jacob Verbaas, CEO of Miata, remarked, “Our 2025 exploration program proved a major turning point for Miata’s discovery strength and operational efficiency, positioning us to scale aggressively in 2026.”
Additional Drill Rig Arrival
The deployment of the new Sandvik 710 tracked drill rig enhances Miata's ability to conduct operations effectively, with plans to run two rigs continuously throughout 2026. This recent addition allows the team to conduct extensive drilling throughout various seasonal conditions, thereby increasing the overall drilling capacity.
Accelerated Discovery Program
Miata has initiated an extensive surface program that includes measuring artisanal activities and reinterpreting historical datasets. As a result, six targets have been advanced to drill-ready status for the first half of 2026, which are considered top priorities for further exploration.
Stock Options and Management’s Commitment
In addition, Miata is pleased to report the exercise of 1,300,000 incentive stock options at an exercise price of $0.23 per common share, set to expire on December 19, 2025. Directors and senior management participated in a pre-arranged trade to cover exercise costs while maintaining strong alignment with shareholders.
Quality Assurance and Control
The Company's samples underwent rigorous analysis at FILAB Suriname, ensuring quality through certified standards and a robust QAQC process. This dedication to excellence applies to all ongoing and forthcoming drilling activities, including the fully funded 25,000 m drill program targeting multiple high-potential zones in Suriname.
About Miata Metals Corp.
Miata Metals Corp. (CSE: MMET) focuses on the acquisition, exploration, and development of mineral properties. Currently, the Company holds a 70% interest in the Sela Creek Gold Project and the Nassau Gold Project, both located within Suriname's rich greenstone belt.
Conclusion
The addition of the new drill rig positions Miata Metals Corp. for an active and impactful year ahead, as it embarks on its fully funded 25,000 m drill program aimed at unlocking significant value from the prospective gold resources at Sela Creek. Investors and stakeholders can look forward to valuable updates as the exploration efforts progress throughout 2026.