Miata Metals Begins Drilling at Puma Target Following High Grade Surface Results on Sela Creek Gold Project
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 (OTCQB:MMETF) ha iniziato le perforazioni nel suo obiettivo prioritario Puma Target all'interno del progetto aurifero Sela Creek di 215 km². Il Puma Target si estende per 2,7 km in lunghezza e 400 m in larghezza, caratterizzato da intensa alterazione idrotermale e da serie ripetute di vene mineralizzate.
I campioni storici a canale presso Puma hanno restituito valori di 3,12 g/t Au su 8 m e 4,07 g/t Au su 5 m, mentre campioni recenti hanno raggiunto fino a 194,2 g/t Au. La società prevede di perforare almeno 2.000 m al Puma come parte di un programma più ampio di 10.000 m. Il primo foro ha già intercettato una significativa zona di ossidi dalla superficie fino a 60 metri di profondità.
Inoltre, una nuova galleria artigianale scoperta ha rivelato vene contenenti solfuri a bande vicino a un'intrusione di tonalite, rappresentando la prima associazione di questo tipo a Sela Creek e un importante obiettivo di perforazione.
Miata Metals (OTCQB:MMETF) ha comenzado la perforación en su objetivo prioritario Puma Target dentro del proyecto aurífero Sela Creek de 215 km². El Puma Target abarca 2,7 km de longitud y 400 m de ancho, caracterizado por una intensa alteración hidrotermal y conjuntos repetidos de vetas.
Las muestras históricas de canal en Puma arrojaron 3,12 g/t Au sobre 8 m y 4,07 g/t Au sobre 5 m, mientras que las muestras recientes alcanzaron hasta 194,2 g/t Au. La compañía planea perforar un mínimo de 2.000 m en Puma como parte de un programa mayor de 10.000 m. El primer pozo ya ha intersectado una zona significativa de óxidos desde la superficie hasta 60 metros de profundidad.
Además, una nueva galería artesanal descubierta reveló vetas con sulfuros bandeados cerca de una intrusión de tonalita, representando la primera asociación de este tipo en Sela Creek y un objetivo clave para la perforación.
Miata Metals (OTCQB:MMETF)는 215 km² 규모의 Sela Creek 금 프로젝트 내에서 우선순위가 높은 Puma Target에서 시추를 시작했습니다. Puma Target은 2.7km 길이와 400m 너비에 걸쳐 있으며, 강한 열수 변질과 반복되는 광맥 세트가 특징입니다.
과거 채널 샘플에서는 8m 구간에서 3.12 g/t Au, 5m 구간에서 4.07 g/t Au가 확인되었으며, 최근 채취한 표본에서는 최대 194.2 g/t Au가 나왔습니다. 회사는 전체 10,000m 프로그램의 일환으로 Puma에서 최소 2,000m 시추를 계획하고 있습니다. 첫 번째 시추공은 표면부터 60미터 깊이까지 유의미한 산화대 구간을 이미 관통했습니다.
또한, 새로 발견된 소규모 광산 입구에서는 토날라이트 관입체 근처에서 띠를 이루는 황화광맥이 발견되었으며, 이는 Sela Creek에서 처음 확인된 조합으로 중요한 시추 목표입니다.
Miata Metals (OTCQB:MMETF) a commencé le forage sur sa cible prioritaire Puma Target dans le projet aurifère Sela Creek de 215 km². La cible Puma s'étend sur 2,7 km de longueur et 400 m de largeur, caractérisée par une intense altération hydrothermale et des ensembles répétés de veines.
Des échantillons historiques en canal à Puma ont donné 3,12 g/t Au sur 8 m et 4,07 g/t Au sur 5 m, tandis que des échantillons récents ont atteint jusqu'à 194,2 g/t Au. La société prévoit de forer un minimum de 2 000 m à Puma dans le cadre d'un programme plus large de 10 000 m. Le premier trou a déjà intercepté une zone oxydée significative de la surface jusqu'à 60 mètres de profondeur.
De plus, une nouvelle galerie artisanale découverte a révélé des veines à sulfures bandeés près d'une intrusion de tonalite, représentant la première association de ce type à Sela Creek et une cible clé pour le forage.
Miata Metals (OTCQB:MMETF) hat mit Bohrungen an seinem hochprioritären Puma Target im 215 km² großen Sela Creek Goldprojekt begonnen. Das Puma Target erstreckt sich über 2,7 km Länge und 400 m Breite und ist durch intensive hydrothermale Alteration und wiederkehrende Adernsysteme gekennzeichnet.
Historische Kanalproben am Puma ergaben 3,12 g/t Au über 8 m und 4,07 g/t Au über 5 m, während jüngste Proben bis zu 194,2 g/t Au lieferten. Das Unternehmen plant, mindestens 2.000 m am Puma im Rahmen eines größeren 10.000-m-Programms zu bohren. Das erste Bohrloch hat bereits eine bedeutende Oxidzone von der Oberfläche bis zu 60 Metern Tiefe durchteuft.
Zusätzlich wurde ein neu entdeckter handwerklicher Stollen mit gebänderten sulfidführenden Adern in der Nähe einer Tonalit-Intrusion gefunden, was die erste derartige Assoziation in Sela Creek darstellt und ein wichtiges Bohrziel ist.
- High-grade surface samples with up to 194.2 g/t Au and historical channel samples of 3.12 g/t Au over 8m
- Significant oxide zone discovered in first drill hole from surface to 60m depth
- Large exploration potential with 2.7 km strike length and only 10% of artisanal mining area tested
- Strategic location near the Central Guyana Shear Zone, a major gold-controlling structure
- Historical channel samples may not be representative of actual mineralization
- Grab samples are inherently selective and may not represent bulk grade
- Project is still in early exploration stage with no defined resource
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) (“Miata” or the “Company”) is pleased to announce that it has begun its planned drill test of the Puma Target. This follows the successful completion of the latest five holes drilled at the Golden Hand Target, for which assays are pending (see Miata news release dated June 19, 2025).
Featuring a high-quality data set that showcases evidence of a potentially rich gold system, the Puma Target in the southeast part of Sela Creek is one of the Company’s highest-priority targets. Puma encompasses a total of approximately 2.7 km of strike length and a width of 400m, as indicated by soil sampling and Miata’s predictive vein model. The Puma Target is characterized by intense hydrothermal alteration and repeating vein sets, and has never been drilled.
Miata anticipates drilling a minimum of 2,000m on Puma, with the remainder of the 10,000m program to be allocated based on results and ongoing interpretation.
Puma and Golden Hand represent just two of multiple targets the Company has identified at the 215 km2 Sela Creek gold project to date. Host to shallow artisanal mining for generations, less than
Highlights
- Drilling has commenced on the Puma Target, one of Miata’s highest priority zones, where historical channel samples returned 3.12 g/t Au over 8m and 4.07 g/t Au over 5m, and recent grab samples returned 194.2 g/t Au and 39.16 g/t Au*.
- Recent mapping has identified new mineralized structures, confirming Puma’s potential and refining drill targets.
- Miata’s first hole at Puma intersected a significant oxide zone, beginning at surface and descending to a depth of 60 metres, and is indicative of a high proportion of sulphides in the system.
- A newly opened artisanal adit revealed banded sulphide-bearing veins near a tonalite intrusion, the first such association at Sela Creek and a key target for drilling (Figure 1).
“We are excited to have started drilling at Puma, a high-priority target from our initial modeling and now confirmed by all the mapping and sampling in the area to date,” stated Dr. Jacob Verbaas, CEO of Miata. “We believe Puma’s 2.7 kilometre strike length and high-grade surface sampling are testament to the target’s discovery potential. With the first hole underway and multiple drill pads already prepared, we intend to unlock Puma’s value by the drill bit over the coming weeks. With assays pending from Golden Hand and a robust exploration pipeline, Miata is entering a catalyst-rich period for its shareholders”
Puma Target
The Puma Target spans approximately 2.7 km in strike length and 400m in width, as indicated by soil data and artisanal mining activity. Company geologists have continued to collect valuable surface data and samples in the lead up to drilling. A recent artisanal mine working, depicted in Figure 1 below, was assessed by Company geologists and hosts banded mineralization on the edge of a tonalite intrusion and within a fold hinge. This is the first clear association between mineralized veining and intrusive rock recognized on the concession and represents a high-priority drill target.
Figure 1. Adit recently excavated by artisanal miners at Sela Creek, showing banded sulphide-bearing veins (right) and a tonalite intrusion (hanging wall, left).
The Puma Target is the closest to the Central Guyana Shear Zone of all the Company targets identified to date. The Central Guyana Shear Zone is one of the few structures that controls gold mineralization across the Guyana Shield.
Figure 2. Drill Plan at Puma Target.
Figure 3. Drilled areas in red and target areas in white, overlain on orthophotos flown in 2024 on the 215 km2 Sela Creek gold project. Planned drill collars are shown in black, drilled collars in red.
Exploration Update
Five drill holes are currently pending assays from drilling at Golden Hand, including two drill holes that may have intersected key mineralizing structures. Exploration drilling at Golden Hand has significantly refined the geological model, increasing confidence in the broader potential of the Sela Creek concession. These insights and related structural interpretation are directly informing targeting at Puma.
The Company is further preparing to launch a stream sediment and soil sampling program to extend the Puma trend.
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.
*Channel samples noted in this news release are historical in nature. Grab samples are inherently selective and may not be representative of bulk grade.
About Miata Metals Corp.
Miata Metals Corp. (CSE:MMET) is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as the OTCQB (OTCQB:MMETF) and Frankfurt (FSE:8NQ) Exchanges. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a
On Behalf of the Board
Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director
info@miatametals.com
+1 778 488 9754
Forward-Looking Statements
This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to the scope and timing of the Company’s drilling programs. The words “expected”, “believes”, “will” and similar expressions are intended to be among the statements that identify forward looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward- looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Photos accompanying this announcement are available at
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FAQ
What are the key findings from Miata Metals' (MMETF) Puma Target drilling program?
How large is the Puma Target at Miata Metals' Sela Creek project?
What is the significance of the newly discovered adit at Miata Metals' Sela Creek project?
How much of Miata Metals' Sela Creek project has been explored through drilling?
What is Miata Metals' (MMETF) planned drilling program at the Puma Target?
