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Miata Metals Confirms Gold in Bedrock at the Sela Creek Gold Project in Suriname

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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) ha annunciato risultati significativi dalle perforazioni nel suo Progetto Oro Sela Creek in Suriname. La società ha completato i primi nove fori del suo programma di perforazione a nucleo pianificato di 10.000 m, concentrandosi sulla zona Golden Hand. I risultati chiave includono molteplici intercettazioni d'oro, con risultati notevoli come 7,5 m a 1,05 g/t Au e 3,85 m a 2,71 g/t Au. Le perforazioni hanno confermato la presenza di oro nella roccia madre a profondità ridotte, con diversi fori che hanno restituito più intercettazioni d'oro entro i 100 m dalla superficie. La zona Golden Hand copre solo 2 km di un corridoio di attività mineraria di 8 km ed è uno dei sette obiettivi ad alta priorità individuati. Attualmente, meno del 10% dell'area mineraria artigianale è stata testata con perforazioni, indicando un potenziale esplorativo significativo sull'intera area del progetto di 215 km².
Miata Metals (MMETF) ha anunciado resultados significativos de perforación en su Proyecto de Oro Sela Creek en Surinam. La compañía completó los primeros nueve pozos de su programa planificado de perforación con testigos de 10,000 m, enfocándose en la zona Golden Hand. Los hallazgos clave incluyen múltiples interceptaciones de oro, con resultados destacados como 7.5 m con 1.05 g/t Au y 3.85 m con 2.71 g/t Au. La perforación ha confirmado la presencia de oro en la roca madre a poca profundidad, con varios pozos que arrojaron múltiples interceptaciones de oro dentro de los 100 m desde la superficie. La zona Golden Hand representa solo 2 km de un corredor de actividad minera de 8 km y es uno de los siete objetivos de alta prioridad identificados. Actualmente, menos del 10% del área de minería artesanal ha sido probada mediante perforación, lo que sugiere un potencial exploratorio significativo en toda el área del proyecto de 215 km².
Miata Metals(MMETF)는 수리남에 위치한 Sela Creek 금광 프로젝트에서 중요한 시추 결과를 발표했습니다. 회사는 계획된 10,000m 심층 코어 시추 프로그램의 첫 9개 구멍을 완료했으며, Golden Hand 구역에 집중했습니다. 주요 발견 내용은 여러 금 광물 구간으로, 7.5m 구간에서 1.05 g/t Au와 3.85m 구간에서 2.71 g/t Au와 같은 주목할 만한 결과가 포함됩니다. 시추 결과는 얕은 깊이에서 기반암 내 금 존재를 확인했으며, 여러 구멍에서 표면 100m 이내의 여러 금 구간이 발견되었습니다. Golden Hand 구역은 8km 광산 활동 구간 중 단 2km에 불과하며, 7개의 고우선순위 목표 중 하나입니다. 현재까지 수공 채굴 지역의 10% 미만만 시추 테스트가 이루어져, 215 km² 프로젝트 지역 전반에 걸쳐 상당한 탐사 잠재력을 시사합니다.
Miata Metals (MMETF) a annoncé des résultats significatifs de forage sur son projet aurifère Sela Creek au Suriname. La société a achevé les neuf premiers trous de son programme de forage à cœur prévu de 10 000 m, en se concentrant sur la zone Golden Hand. Les résultats clés incluent plusieurs intersections aurifères, avec des résultats notables tels que 7,5 m à 1,05 g/t Au et 3,85 m à 2,71 g/t Au. Le forage a confirmé la présence d'or dans le substrat rocheux à faible profondeur, plusieurs trous ayant livré plusieurs intersections aurifères dans les 100 m de la surface. La zone Golden Hand ne représente que 2 km d'un corridor d'activité minière de 8 km et constitue l'une des sept cibles prioritaires identifiées. Actuellement, moins de 10 % de la zone d'exploitation artisanale a été testée par forage, ce qui suggère un potentiel d'exploration important sur l'ensemble de la zone du projet de 215 km².
Miata Metals (MMETF) hat bedeutende Bohrergebnisse von seinem Sela Creek Goldprojekt in Suriname bekannt gegeben. Das Unternehmen hat die ersten neun Löcher seines geplanten 10.000 m Kernbohrprogramms abgeschlossen, wobei der Fokus auf der Golden Hand Zone lag. Wichtige Erkenntnisse umfassen mehrere Goldabschnitte, mit bemerkenswerten Ergebnissen wie 7,5 m mit 1,05 g/t Au und 3,85 m mit 2,71 g/t Au. Die Bohrungen bestätigten Gold im Grundgestein in geringen Tiefen, wobei mehrere Löcher mehrere Goldabschnitte innerhalb von 100 m unter der Oberfläche lieferten. Die Golden Hand Zone umfasst nur 2 km eines 8 km langen Bergbaukorridors und ist eines von sieben hochprioritären Zielen. Derzeit wurden weniger als 10 % des artisanal abgebauten Gebiets gebohrt, was auf ein erhebliches Explorationspotenzial im gesamten 215 km² großen Projektgebiet hinweist.
Positive
  • Discovery of multiple near-surface gold veins in bedrock at Golden Hand zone
  • High-grade intercepts including 3.85m of 2.71 g/t Au and 1.5m of 5.46 g/t Au
  • Multiple gold intercepts within single drill holes, all within 100m from surface
  • Large exploration potential with only 2km of 8km corridor tested and 6 additional high-priority targets
Negative
  • Only 15% of planned drilling program completed so far
  • Project currently generates no revenue from mining activities
  • Relatively low-grade gold mineralization between higher-grade zones

VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB:MMETF) (“Miata” or the “Company”) is pleased to announce the results for the first nine holes that have been drilled on its planned 10,000m core drilling program at the Sela Creek Gold Project in Suriname (“Sela Creek”). The total project area covers 215 km2.

The Phase 1 inaugural drill program targeted the Golden Hand zone and resulted in an orogenic gold discovery, consisting of multiple veins with near-surface gold. These early drill results account for 15% of the planned drill program with approximately 8,500m remaining to be drilled. Golden Hand represents only 2 km of strike within a broader 8 km corridor of active and historic artisanal mining. It is the first of seven high-priority targets identified to-date within the concession. As drilling progresses, Golden Hand will be assessed both as an open pit and underground mineralized system. Less than 10% of the artisanal mining area of Sela Creek has been drill-tested at depth, leaving ample room for further discovery.

Given that Golden Hand has never been drilled, Miata’s technical team is gaining valuable insights into the bedrock mineralogy, significantly improving their understanding of the structural controls. This knowledge will also be applied across the remaining six targets to enhance the precision and effectiveness of the ongoing 10,000m drill program.

Highlights:

  • Several diamond drill holes have yielded more than one gold intercept, in particular 25DDH-SEL-008 that yielded three individual gold mineralized intercepts, all within 100m from surface.
  • Assay results from the Golden Hand target confirm a widespread gold system in bedrock and include multiple intercepts above 1 g/t Au within a single drill hole:

    • 25DDH-SEL-004: 7.5m of 1.05 g/t Au from 13.5m
      • including: 3m of 1.93 g/t Au
    • 25DDH-SEL-006: 5.42m of 0.73 g/t Au from 88.58m
    • 25DDH-SEL-006: 3.85m of 2.71 g/t Au from 101.15m
    • 25DDH-SEL-008: 1.5m of 5.46 g/t Au from 19.3m
      • including: 0.5m of 11.71 g/t Au
    • 25DDH-SEL-008: 1.6m of 1.93 g/t Au from 45.36m
    • 25DDH-SEL-008: 5.75m of 1.2 g/t Au from 61m
    • 25DDH-SEL-009: 2m of 4.72 g/t Au from 19.3m
    • 25DDH-SEL-009: 6.2m of 0.52 g/t Au from 44.5m
  • Reported assays account for the first 1,447m of drilling with assays for a further 5 drillholes (861m) pending.
  • The Company is currently drill-testing a secondary structure in the eastern extent of the Golden Hand target
  • To see a video providing context to these results by director Danae Voormeij and CEO Jacob Verbaas, click here

“We are pleased to announce assays for our first nine drill holes, accounting for the first 1,447m of our 10,000m drill program,” stated Dr. Jacob Verbaas, CEO of Miata. “Our results include several shallow intercepts of gold-bearing structures in bedrock such as 7.5m at 1.05 g/t Au from 13.5m and 2m at 4.72 g/t Au from 19.3m. This area now represents a compelling open-pit target. We continue to use this valuable data to vector towards the core of the Golden Hand target, where four holes have already been drilled with assays pending. We look forward to results of the continued drilling and expanding the drill targeting to the six other high-priority targets on Sela Creek.”

Section showing Golden Hand drill collars with assays as well as holes 25DDH-SEL-009 to 013, for which assays are pending. These holes were drilled at the potential intersection of the Golden Hand fold and Jon’s Trend veins.
Figure 1. Section showing Golden Hand drill collars with assays as well as holes 25DDH-SEL-009 to 013, for which assays are pending. These holes were drilled at the potential intersection of the Golden Hand fold and Jon’s Trend veins.

Results

The results of these first 9 holes indicate that the predictive vein model accurately identified locally significant vein arrays, as indicated by the 2.71 g/t Au over 3.85m in hole 6 and the 5.46 g/t Au over 1.5m in hole 8. Several holes have yielded more than one gold intercept, in particular hole 8 that yielded three individual gold mineralized intercepts, all within 100m from surface. Lower grade gold mineralization exist between some of the higher grade numbers.

For a table showing complete drill results for the current release, click here.

Section of Golden Hand drilling to date.
Figure 2. Section of Golden Hand drilling to date.

Section of Stranger Drilling to Date.
Figure 3. Section of Stranger Drilling to Date.

Quality Assurance and Quality Control

Samples were sent to a certified laboratory in Paramaribo for analysis. Samples of hole 1 – 4 were analysed by fire assay in 30g aliquots. The remainder of the samples were analysed by fire assay of 50g aliquots. Any samples yielding over 10 g/t Au were also analysed through gravimetry and select samples with visible (coarse) gold were analysed using metallic screen. The Company and the lab insert standards, duplicates and blanks at regular intervals. All QAQC samples fall within acceptable values.

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.

*Miata Metals does not generate revenues from small-scale mining activities.

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 70% interest in the ~215km2 Sela Creek Gold Project in Suriname with an option to acquire a full 100% interest in the project, and a 70% beneficial interest in the Nassau Gold Project in Suriname. Both assets are located in the greenstone belt of Suriname.

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", "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

https://www.globenewswire.com/NewsRoom/AttachmentNg/67f76170-f06a-4cfe-9d13-5365c37d674b

https://www.globenewswire.com/NewsRoom/AttachmentNg/18e6038b-e254-4479-8178-e94e4afab1dc

https://www.globenewswire.com/NewsRoom/AttachmentNg/1bd67c9a-0181-4144-a324-973b41752c51


FAQ

What are the latest gold drilling results from Miata Metals (MMETF) at Sela Creek?

Miata Metals reported multiple gold intercepts including 7.5m of 1.05 g/t Au, 3.85m of 2.71 g/t Au, and 1.5m of 5.46 g/t Au from the first nine holes of their 10,000m drilling program at Sela Creek.

How much of the Sela Creek Gold Project has been explored by Miata Metals?

Less than 10% of the artisanal mining area has been drill-tested, with Golden Hand representing only 2km of an 8km corridor within the 215 km² project area.

What is the depth of gold mineralization at Miata Metals' Sela Creek Project?

The gold mineralization is near-surface, with multiple intercepts found within 100m from surface, particularly in hole 25DDH-SEL-008 which yielded three separate gold-mineralized zones.

How many priority targets has Miata Metals identified at the Sela Creek Project?

Miata Metals has identified seven high-priority targets within the concession, with Golden Hand being the first target currently being drilled.

What is the current status of Miata Metals' drilling program at Sela Creek?

The company has completed 1,447m (15%) of its planned 10,000m drilling program, with assays pending for an additional 5 drillholes totaling 861m.
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May 7, 2025
Miata Metals Provides Update on Drilling Program at Sela Creek Gold Project, Suriname
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