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An announcement from Miata Metals Corp. ( (TSE:MMET) ) is now available.
Miata Metals reported its highest-grade gold intercept to date at the Jons Trend zone of the Sela Creek project in Suriname, with drilling confirming a structurally controlled gold-bearing vein system over a corridor at least 750 metres long and 300 metres wide. Recent holes, including 26DDH-JT-008 and 26DDH-JT-009, demonstrate stacked gold-bearing zones with broad mineralized envelopes overprinted by higher-grade shoots, enhancing confidence in both high-grade and bulk-tonnage potential.
The company now has two drill rigs active at Sela Creek, allowing simultaneous expansion of Jons Trend and Big Berg while testing new targets such as Puma. These results bolster the case for Sela Creek as a district-scale gold system with multiple mineralized centres, strengthening Miata’s exploration profile and suggesting further upside as mineralization remains open along strike and at depth.
More about Miata Metals Corp.
Miata Metals Corp. is a mineral exploration company focused on gold, advancing its Sela Creek Gold Project in Suriname. The company is targeting a district-scale, structurally controlled orogenic gold system, with key zones including Jons Trend and Big Berg that offer both bulk-tonnage and high-grade discovery potential.
Average Trading Volume: 241,571
Technical Sentiment Signal: Sell
Current Market Cap: C$43.34M
For an in-depth examination of MMET stock, go to TipRanks’ Overview page.