Miata Metals Corp Stock Price, News & Analysis

Miata Metals (OTCQB:MMETF) has commenced drilling at its high-priority Puma Target within the 215 km² Sela Creek gold project. The Puma Target spans 2.7 km in strike length and 400m in width, characterized by intense hydrothermal alteration and repeating vein sets.

Historical channel samples at Puma returned 3.12 g/t Au over 8m and 4.07 g/t Au over 5m, while recent grab samples yielded up to 194.2 g/t Au. The company plans to drill a minimum of 2,000m at Puma as part of a larger 10,000m program. The first hole has already intersected a significant oxide zone from surface to 60 metres depth.

Additionally, a newly discovered artisanal adit revealed banded sulphide-bearing veins near a tonalite intrusion, representing the first such association at Sela Creek and a key drilling target.

Miata Metals has announced assay results from drill holes 10-12 at its Sela Creek Gold Project's Golden Hand target in Suriname. The drilling, part of a 10,000m program, revealed significant mineralized zones including intercepts of 13.1m at 0.46 g/t Au, 24.2m at 0.24 g/t Au, and 50.1m at 0.30 g/t Au. The Golden Hand target represents 2km of strike length within an 8km corridor of artisanal mining activity. The project covers 215km2, with Golden Hand being the first of seven high-priority targets. Currently, less than 10% of the artisanal mining area has been drill-tested at depth. The company is currently drilling hole 25DDH-SEL-017, targeting what they believe to be the center of the Golden Hand system. The technical team has gained valuable insights into structural controls, which will be applied to remaining targets to enhance drilling effectiveness.

Miata Metals Corp has signed an option agreement to increase its ownership in the Nassau gold project in Suriname from 70% to 100%. The Nassau property, located in a gold-rich greenstone belt, shares stratigraphy and structures with the producing Rosebel and Merian mines. To acquire the additional 30% interest, Miata must make cash payments totaling US$1.35M over three years and complete US$2M in work commitments. Historical drilling at the Witlage gold zone showed promising results, including intersections of 1.5m at 383.2 g/t Au. The project is strategically located 20km south of Newmont's Merian mine and 60km east of the Rosebel mine. Upon completion, Miata will grant a 2% NSR to the Optionor, with rights to buy back 1% for US$4M total. The company continues to advance its flagship Sela Creek project, where a 10,000m maiden drill program is 15% complete.

Miata Metals (MMETF) has announced significant drilling results from its Sela Creek Gold Project in Suriname. The company completed the first nine holes of its planned 10,000m core drilling program, focusing on the Golden Hand zone. Key findings include multiple gold intercepts, with notable results such as 7.5m of 1.05 g/t Au and 3.85m of 2.71 g/t Au. The drilling has confirmed gold in bedrock at shallow depths, with several holes yielding multiple gold intercepts within 100m from surface. The Golden Hand zone represents only 2km of an 8km corridor of mining activity, and is one of seven high-priority targets identified. Currently, less than 10% of the artisanal mining area has been drill-tested, suggesting significant exploration potential across the 215 km² project area.

Miata Metals (MMETF) has provided an update on its 10,000m diamond core drilling program at the Sela Creek Gold Project in Suriname. The company has completed approximately 1,500m of drilling across 10 holes, representing 15% of their 2025 target. Four holes were drilled at the Stranger Target, with the sixth hole currently being drilled at the Golden Hand Target.

Key developments include plans to mobilize a second drill rig to improve efficiency and reduce costs, though heavy rains have temporarily prevented access to the high-priority Puma Target. The company is conducting QAQC checks on several holes, with results expected this month. The Golden Hand target spans over two kilometers with numerous mining pits, and multiple potential gold-bearing structures are being tested.

Miata Metals Corp. (CSE: MMET) (OTCQB:MMETF) (FSE: 8NQ) has announced the commencement of trading on the OTCQB Venture Market under the symbol 'MMETF' on April 14, 2025. The company will maintain its listing on the Canadian Securities Exchange under 'MMET'.

The strategic OTCQB listing, operated by OTC Markets Group in New York, aims to enhance the company's exposure to U.S. investors. The shares feature DTC eligibility, enabling electronic settlement of transfers in the United States. Financial disclosure and Real-Time Level 2 quotes are accessible through the OTC Markets website.

According to CEO Dr. Jacob Verbaas, this development coincides with Miata's ongoing maiden drill program, with initial results expected soon.