1. Miata Metals reports significant gold mineralization at Jons Trend Zone. 2. Recent drilling expanded mineralized footprint by over 100%. 3. Gold mineralization is open along strike and to depth. 4. Plans for a two-rig program to accelerate exploration in Q1 2026. 5. Sela Creek shows potential for a major gold district in Suriname.
FAQ
Why Very Bullish?
The expanding mineralization footprint indicates significant gold potential, historically leading to price increases for mining stocks. Similar past announcements in junior mining have often resulted in substantial stock price surges.
How important is it?
The successful drilling results confirm a substantial gold resource, crucial for MMETF's growth trajectory. Important announcements tend to directly influence investment decisions affecting stock price.
Why Long Term?
The ongoing exploration and planned dual drilling rigs suggest sustained interest and future discoveries, likely enhancing long-term valuation. Historical trends show that successful exploration leads to sustained stock growth over time.
Miata Metals Corp. Expands Mineralized Footprint at Jons Trend
VANCOUVER, British Columbia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) has announced significant drill results from the Jons Trend Zone at its Sela Creek Gold Project located in Suriname. The recent findings confirm gold mineralization along a substantial corridor, greatly expanding the known mineralized area and reinforcing the project's potential.
Key Highlights of the Drill Results
- 500 m step-out: Hole 25DDH-SEL-039 confirms continuity and expands the mineralized footprint by over 100% with intervals of 4.9 m at 4.04 g/t gold and 13.6 m at 0.80 g/t gold.
- All drill holes at Jons Trend have intersected gold mineralization, demonstrating the presence of multiple sub-parallel gold-bearing zones.
- The confirmed gold mineralization spans over 750 m x 250 m and remains open along strike and at depth, indicating a size increase of over 100%.
- Recent drill intervals include:
- 54 m at 1.04 g/t gold and 3.4 m at 1.12 g/t gold (hole 25DDH-SEL-043)
- 53.6 m at 0.84 g/t gold (hole 25DDH-SEL-038)
- 18.9 m at 1.01 g/t gold and 5.4 m at 2.29 g/t gold (hole 25DDH-SEL-044)
- 34 m at 1.05 g/t gold and 12 m at 1.15 g/t gold (hole 25DDH-SEL-046)
- In total, 10,061 metres have been drilled in 2025, achieving the annual target, with results from an additional 2,755 metres yet to be released.
Expansion of the Gold System
Drilling at the Jons Trend Zone has continuously produced wide intervals of gold hosted within significantly deformed quartz-pyrite-pyrrhotite veining. These results imply that the gold system is robust and potentially amenable to open-pit mining.
The use of implicit grade shell modeling further suggests that mineralization is pronounced and has been observed over a current strike length of 750 m.
Future Plans and Potential
Dr. Jacob Verbaas, CEO of Miata Metals, commented, “The drilling at Jons Trend continues to deliver significant mineralization across a large footprint that is entirely open, supporting the potential for a future open-pit resource at Sela Creek. We are just beginning to understand the potential of this target.”
The Company aims to accelerate its discovery program in the first quarter of 2026 with a fully funded two-rig operation, focusing on multiple prospects that are drill-ready and primed for further exploration.
Magnetic Data Insights
Magnetic data inversions indicate that major structures at Sela Creek, including the Central Guyana Shear Zone, may extend to depths of up to 1.5 km. This suggests that gold mineralization could continue even deeper, enhancing the appeal of the MMETF project as a potentially significant gold district.