Miata Intersects 35.25 m at 3.41 g/t Au Including 5.55 m at 15.36 g/t at Jons Trend, Sela Creek, Suriname

The headline JT-023 intercept has an estimated true width of 24.9 m, compared with its 35.25 m drill length.

Rhea-AI Summary

Miata Metals (MMETF) reported a 35.25 m intercept grading 3.41 g/t gold in step-out drilling at Sela Creek’s Jons Trend in Suriname. Hole JT-023 included 5.55 m at 15.36 g/t and extended the projection of a previously intersected vein zone about 50 m down-dip. Hole JT-022 returned 37.99 m at 1.60 g/t, including 6.00 m at 3.99 g/t; its main intercept was 30 m southwest of a previously drilled hole.

The results are part of an ongoing 25,000 m diamond-drilling program. Hole JT-020 intersected 9.14 m at 1.24 g/t, while JT-021, a 50 m northern step-out, did not encounter significant stacked vein zones. At Howler, about 750 m laterally from the Jons Trend–Big Berg corridor, five initial holes totaling 771.5 m yielded minor gold-mineralized intercepts. The best was 7.7 m at 1.30 g/t. Miata plans further exploration, including drilling at Howler.

Positive

• Minor pointJT-023 intersected 35.25 m at 3.41 g/t gold, including 5.55 m at 15.36 g/t.
• Minor pointJT-023 extended a previously intersected vein zone’s projection about 50 m down-dip.
• Minor pointJT-022 intersected 37.99 m at 1.60 g/t gold, including 6.00 m at 3.99 g/t.
• Minor pointJT-020 intersected 9.14 m at 1.24 g/t gold.
• Minor pointHowler scout drilling intersected up to 7.7 m at 1.30 g/t gold.
• Minor point. Forward-looking: it has not happened yet and may not happen.Howler drilling is part of Miata’s planned further exploration.

Negative

• Minor pointJT-021, a 50 m northern step-out, did not encounter significant stacked vein zones.
• Minor pointHowler’s five initial holes yielded only minor gold-mineralized intercepts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, British Columbia, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Miata Metals Corp. (TSXV: MMET) (FSE: 8NQ) (OTCQX: MMETF) (“Miata” or the “Company”) is pleased to announce additional drill results from its ongoing 25,000 m diamond drilling program at its Sela Creek Gold Project (“Sela Creek” or the “Project”) in Suriname.

Jons Trend continues to deliver long intercepts of high-grade gold highlighted by 35.25 m at 3.41 g/t Au in 26DDH-JT-023, including 5.55 m at 15.36 Au. JT-023 was drilled approximately 50 m from previously reported hole 26DDH-JT-19 that yielded 30 m at 4.06 g/t Au. Hole 26DDH-JT-022 returned a second broad interval of 37.99 m at 1.60 g/t Au, including 6.00 m at 3.99 g/t Au. All of the Jons Trend drill holes reported in this news release intersected multiple zones of mineralization, providing further evidence that the stacked, gold-bearing vein zones present at the target continue and remain open at depth and along strike.

Highlights:

• Hole 26DDH-JT-023 extended the projection of a significant mineralized vein zone by approximately 50 m down-dip, intersecting:
  • 35 m at 3.41 g/t Au from 97.75 m, including:
    • 5.55 m at 15.36 g/t Au from 112.55 m
    • 5.25 m at 3.40 g/t Au from 125.75 m
  • 12.1 m at 1.66 g/t Au from 144.9 m
  • 18.0 m at 0.82 g/t Au from 190.0 m
  • 19.5 m at 0.82 g/t Au from 228.5 m
• Additional mineralization in hole 26DDH-JT-023 includes 12.10 m at 1.66 g/t Au from 144.90 m, including 6.10 m at 2.54 g/t Au.
• Hole 26DDH-JT-022 intersected:
  • 37.99 m at 1.60 g/t Au from 158.28 m, including:
    • 6.0 m at 3.99 g/t Au from 168.0 m
      
      

“Jons Trend continues to produce very encouraging intercepts, delivering a strong combination of width and grade, with a high-grade interval contained within more than 35 metres of continuous gold mineralization,” stated Dr. Jacob Verbaas, CEO of Miata. “All holes reported from Jons Trend in this news release intersected multiple zones of mineralization, further demonstrating the continuity of individual vein zones both at depth and along strike. Hole JT-023 also confirms that the higher-grade zone previously intersected in holes JT-08 and JT-019 extends a further 50 m down-plunge. These higher-grade plunging zones may repeat at regular intervals, connected by zones with moderate grades. With stacked mineralization starting from surface, Jons Trend has excellent potential for open-pit mining.”

Jons Trend drilling:

The latest Jons Trend drilling consisted of step-out holes 26DDH-JT-020 to JT-023. Holes JT-023 and JT-022 were drilled from the southwest side of both the central and northwestern portions of Jons Trend, respectively, while hole JT-021 was drilled on the northeast side of the central portion. Hole JT-020 targeted the southeastern portion of Jons Trend. These step-out drill holes were made to test the down-dip continuity of the gold-mineralized vein zones, while also testing the northern and southeastern extension of known gold mineralization.

Figure 1. SW-NE cross-section through the central portion of Jons Trend (A-A’ in Figure 3). Drill traces highlighted in black show drill holes from this news release (i.e., JT-023 and JT-021), and those in white are previously released drill holes. Note folded vein zones highlighted yellow, suggesting the continuation of mineralization from the main axis of Jons Trend to the southwest, down-dip.

Figure 2. SSW-NNE cross-section through the northwestern portion of Jons Trend (B-B’ in Figure 3). Drill trace highlighted in black shows drill hole from this news release (i.e., JT-022), those in white are previously released drill holes. Note folded vein zones highlighted yellow, suggesting the continuation of mineralization from the main axis of Jons Trend to the south-southwest, down-dip.

Figure 3. Plan view map of geology of Jons Trend corridor, including the Big Berg prospect (SE) and the newly-defined Howler prospect (NE). Section traces of Figures 1 (A-A’) and 2 (B-B’) are shown. Note surface projection of mineralized vein zones are highlighted, and interpreted shear zones occur parallel to the main fold axes in the host-rock.

The highlight intervals from the Jons Trend step-out drilling are characterized by strong to intense strain zones within tightly folded quartz-biotite schist that is strongly silicified as well as altered by biotite; the intervals host intermittent sheeted quartz-carbonate veins that are laminated, associated with pyrite and pyrrhotite with lesser chalcopyrite mineralization; these veins are overprinted by sinuous extensional quartz-pyrite-pyrrhotite veins and associated chlorite alteration.

The results from JT-023 extend the projection of a significant mineralized zone previously intersected in 26DDH-JT-019 (30.0 m at 4.06 g/t Au from 117.0 m) and 26DDH-JT-008 (31.75 m at 4.62 g/t Au from 74.0 m) by approximately 50 m down-dip to the southwest (Figure 1).

The results from JT-022 extends the down-dip projection of multiple mineralized vein zones from the Jons Trend discovery zone, with its highlight interval being intersected 30 m SW of 25DDH-SEL-038 (53.6 m at 0.84 g/t Au from 167.9 m) and yielding an increase in grade down-dip of the projected vein zone (Figure 2).

Drillhole JT-021 was a 50 m step out to the north of the main Johns trend, and did not encounter significant stacked vein zones. Hole JT-020, conversely, was drilled 80 m southwest of previous drilling (JT-012, 12.0 m at 0.95 g/t Au from 143.5 m), and has a highlight intersect that extends known mineralization in the southeastern portion of Jons Trend.

Table 1. Latest Jons Trend Gold Assays:

Hole Id		From (m)		To (m)		Intercept (m)		Au (g/t)		True Width (m)		Target
26DDH-JT-020		48		51.35		3.35		0.82		2.9		Jons Trend
and		69.65		73.35		3.7		1.14		3.2
and		129		130		1		0.82		0.9
and		135		141		6		0.52		5.2
including		139		141		2		1.07		1.7
and		151		152.4		1.4		0.52		1.2
and		173		182.14		9.14		1.24		8.8
including		176.83		178		1.17		6.81		1.1
and		184		185.88		1.88		0.61		1.3
and		194		198		4		0.87		2.6
and		218		221		3		0.70		2.8
and		236.5		238		1.5		0.69		0.9
and		262.95		268.88		5.93		1.25		4.2
including		267.25		268.88		1.63		3.05		1.2
26DDH-JT-021		109.5		112		2.5		0.55		2.0		Jons Trend
and		176.5		180.5		4		0.74		3.6
including		179		180.5		1.5		1.39		1.4
26DDH-JT-022		9		11.46		2.46		0.76				Jons Trend
and		71		93.91		22.91		0.57		20.8
including		72		75.66		3.66		1.18		3.3
including		81		82		1		2.09		0.9
including		86		90		4		0.94		3.6
including		92.18		93.91		1.73		1.00		1.6
and		108.46		117		8.54		1.06		8.2
including		113		116		3		1.93		2.9
and		158.28		196.27		37.99		1.60		29.1
including		168		174		6		3.99		4.6
including		180		193.4		13.4		1.88		13.2
and		210		224		14		0.89		9.9
including		214		217		3		2.39		2.1
including		220		222		2		1.72		1.4
and		257		259.5		2.5		0.74		2.4
26DDH-JT-023		58.5		62		3.5		2.10		2.0		Jons Trend
and		70.5		72		1.5		2.72		0.9
and		82.5		86.5		4		0.50		2.3
and		97.75		133		35.25		3.41		24.9
including		112.55		118.1		5.55		15.36		3.9
including		125.75		131		5.25		3.40		3.7
and		144.9		157		12.1		1.66		8.6
including		144.9		151		6.1		2.54		4.3
and		175.4		181.5		6.1		0.91		4.7
including		177		180		3		1.44		2.3
and		190		208		18		0.82		13.8
including		196		198		2		2.26		1.5
including		202		206.6		4.6		1.28		3.5
and		228.5		248		19.5		0.82		13.8
including		231		239		8		1.25		5.7
and		255		259		4		2.07		3.8
including		255		257		2		3.47		1.9

Initial Scout Drilling Results from Howler Target:

Miata continues to explore areas outside of the immediate discovery zones of the Jons Trend – Big Berg corridor and Puma East discovery zones. The Howler area is about 750 m laterally from the Jons-Trend Big Berg corridor and was recently drilled for the first time. Five drill holes for a total of 771.5 m indicate the presence of vein zones with similar mineral assemblages and trends as those at Jons Trend. These contain minor gold-mineralized intercepts where they were drilled with the best intercept from 26DDH-HOW-006 yielding 7.7 m at 1.30 g/t Au from 81.0 m. These results are significant because they indicate that repeated vein zones exist laterally from Jons Trend, indicating that there is the potential for lateral repetitions of Jons Trend style mineralization. The Company intends to continue exploration work including drilling at the Howler target.

Table 2. Latest Howler Gold Assays:

Hole Id		From (m)		To (m)		Intercept (m)		Au (g/t)		True Width (m)		Target
26DDH-HOW-001		25.5		29.45		3.95		1.10		2.3		Howler
including		27		28		1		2.98		0.6
and		34.6		35.6		1		0.81		0.6
26DDH-HOW-003		19		20.5		1.5		0.51				Howler
and		64		66.85		2.85		1.82		2.3
and		78		79.5		1.5		0.69		1.1
and		144		145		1		0.67		0.6
26DDH-HOW-004		68.5		72		3.5		0.55		3.2		Howler
and		89.1		93		3.9		0.66		3.5
and		97		98.5		1.5		1.15		1.4
26DDH-HOW-005		31.5		33		1.5		0.58		1.5		Howler
26DDH-HOW-006		39		40		1		0.55		1.0		Howler
and		56		61		5		0.67		4.5
including		59		61		2		1.12		1.8
and		81		88.7		7.7		1.30		6.3
including		82.42		84		1.58		4.90		1.3

Table 3. Updated Collar Table

Hole ID	Easting*	Northing	Elevation (m)	Azimuth**	Dip	Length (m)
26DDH-JT-020	755,068	417,870	114	355	-49	282.29
26DDH-JT-021	755,061	418,173	112	315	-50	190.80
26DDH-JT-022	754,790	418,086	112	355	-52	283.95
26DDH-JT-023	754,958	418,000	106	330	-65	271.15
26DDH-HOW-001	756,149	418,075	121	325	-50	186.10
26DDH-HOW-003	756,071	418,107	112	15	-50	179.80
26DDH-HOW-004	756,048	418,180	119	20	-60	123.50
26DDH-HOW-005	756,043	418,173	119	60	-60	150.00
26DDH-HOW-006	756,041	418,168	119	60	-60	132.10

All drill information is available through this link.

QAQC

Drillholes HOW-004 through 006 were crushed at the preparation lab on Sela Creek. The Sela Creek preparation lab uses heavy-duty jaw-crushers to reduce regular half core samples to a fine crush, whereby at least 75% of the sample can pass a 2.2 mm screen. The uniformly crushed sample is then put through a riffle-splitter; resulting in a ca. 300-500 g sample, to be shipped to the Filab in Paramaribo for further sample preparation (pulverizing) followed by analysis, and the remaining reject is kept in dry storage for future quality control or duplicate testing. The Company inserts regular crush duplicates to ensure the split sample is representative of the entire section of drill core. The remainder of the samples were fully processed at FiLAB Suriname, a commercial certified laboratory under ISO 9001:2015. Samples are crushed and pulverized to 85% passing 88 µm prior to analysis using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t) Au, another cut was taken from the original pulp and fire assayed with a gravimetric finish. Samples with coarse visible gold or returning an assay value over 10.0 g/t Au, metallic screen analysis is conducted on the coarse reject material. Miata Metals inserts certified reference standards, as well as blanks and ¼ core duplicates, in the sample sequence for quality control and assurance. All samples passed QAQC.

QP Statement

The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, P.Geo., a director of the Company and Qualified Person as defined under the definitions of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Miata Metals Corp.

Miata Metals Corp. (TSX.V: MMET) is a Canadian mineral exploration company listed on the TSX Venture Exchange, as well as the OTCQX (OTCQX: MMETF) and Frankfurt (FSE: 8NQ) Exchanges. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a 70% interest in the ~215 km² Sela Creek Gold Project with an option to acquire a full 100% interest, and a 70% beneficial interest in the Nassau Gold Project with an option to acquire 100%. Both exploration properties are located in the greenstone belt of Suriname.

On Behalf of the Board

Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director

For Further Information, please contact:

Nikki McEachnie
Director of Investor Relations
nikki@miatametals.com
1-778-486-1500

Forward-Looking Statements

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “anticipated”, “expected”, “intends”, “will” or variations of such words and phrases or statements that certain actions, events or results will occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Neither the TSX.V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5f5c22b3-a165-4bce-8adf-2009b9395639
https://www.globenewswire.com/NewsRoom/AttachmentNg/9c8eeae6-636b-42e7-82ed-dc7df09b48b9
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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Miata Metals’ main Jons Trend drilling results?

JT-023 intersected 35.25 m at 3.41 g/t gold, including 5.55 m at 15.36 g/t. JT-022 intersected 37.99 m at 1.60 g/t, including 6.00 m at 3.99 g/t.

What are the estimated true widths of Miata Metals’ main Jons Trend intercepts?

The estimated true width of JT-023’s 35.25 m intercept is 24.9 m. The estimated true width of JT-022’s 37.99 m intercept is 29.1 m.

How did Miata Metals check the Sela Creek drill assays?

Miata inserted certified reference standards, blanks and quarter-core duplicates into the sample sequence for quality control. Samples above 5.0 g/t gold received another fire assay with a gravimetric finish; samples with coarse visible gold or an assay above 10.0 g/t gold underwent metallic-screen analysis. All samples passed quality-control checks.