Miata Metals Intersects 18 m at 2.58 g/t Gold Near Surface at Puma Target, Sela Creek

Rhea-AI Summary

Miata Metals (OTCQB: MMETF) has announced significant drilling results from its Puma Target at the Sela Creek Gold Project. The company intersected 18 meters at 2.58 g/t gold near surface, including 7.5 meters at 5.64 g/t Au and 1.5 meters at 20.88 g/t Au.

The mineralization was discovered in saprolite, a weathered bedrock material favorable for low-cost processing. The Puma Target extends over 2.7 km of strike length within the 215 km² Sela Creek concession. The company is currently using two excavators to accelerate surface work during the dry season in Suriname, focusing on trenching, access, and drill pad preparation.

Positive

• None.

Negative

• True width of mineralization remains unknown
• Only a small portion of the 2.7 km trend has been tested
• Early-stage exploration project with no defined resources yet

VANCOUVER, British Columbia, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) (“Miata” or the “Company”) is pleased to announce significant, near-surface mineralization in its initial drilling at the Puma Target (“Puma”) on its Sela Creek Gold Project (“Sela Creek” or “the Project”). The Puma Target spans approximately 2.7 km of strike length.

Highlights

• Initial drilling at Puma yielded 18 m at 2.58 g/t Au from 5.6 m^*, including
  • 7.5 m at 5.64 g/t Au from 10.1 m, and
  • 1.5 m at 20.88 g/t Au from 16.1 m.
• The entire mineralized intercept is hosted in saprolite, an oxidized and weathered bedrock material favourable for low-cost processing¹.
• Drillhole located in the central Puma Target, where artisanal² workings extend over 2.7 km of strike.
• This Puma intercept marks the strongest drill result to date at Sela Creek and underscores district-scale potential for wide zones of high-grade gold.
• Follow-up trenching and drilling is underway to define the extent and continuity of this newly discovered, mineralized zone.
  
  

“This early result at Puma is the strongest result we’ve seen to date at Sela Creek and is a clear signal that high-grade gold mineralization occurs over significant widths on the Project,” stated Jaap Verbaas, CEO of Miata Metals. “Intersecting 18 metres at 2.58 g/t gold near surface confirms Puma as a highly prospective target with the right geological setting for a large orogenic gold system. Just as important, this gives us a roadmap for follow-up drilling along the 2.7 km trend and across our broader pipeline of targets. We believe this is only the beginning of unlocking the district-scale opportunity at Sela Creek.”

The Company will follow up on this intercept with trenching and drilling to define the orientation and continuity of the mineralized zone. Results from Puma will also inform targeting across Miata’s broader portfolio of high-priority zones within the 215 km² Sela Creek concession, where multiple untested trends remain open for discovery. A full table of drill results to date can by found at the Company’s website via the following link.

Drilling, combined with surface exploration to date at Puma indicates a relatively flat-lying mineralized horizon, open along strike and at depth. Drilling to date has only tested a small portion of the 2.7 km trend with wide spacing, leaving considerable room for discovery.

With the onset of the dry season in Suriname, Miata is currently using two excavators to accelerate surface work, including trenching, access, and drill pad preparation. This will allow for more efficient advancement of Puma as well as other high-priority targets across the 215 km² concession.

QAQC

Drill core samples are sent to Filab in Paramaribo, an ISO certified laboratory for 50g aliquot fire assay for gold. Both the Company and Filab insert standards, duplicates and blanks at select intervals, all of which yielded 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.

^*True width unknown.

¹Sela Creek is an exploration stage project.

²Miata does not generate revenue from artisanal mining activity.

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 with an option to acquire a full 100% interest in the Project, and a 70% beneficial interest in the Nassau Gold Project in Suriname 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
info@miatametals.com
+1 778 488 9754

Forward-Looking Statements

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to the use of proceeds of the Offering. 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 they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. 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.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

FAQ

What were the key gold drilling results from Miata Metals (MMETF) at Sela Creek?

Miata Metals intersected 18 meters at 2.58 g/t gold from 5.6m depth, including 7.5 meters at 5.64 g/t Au and 1.5 meters at 20.88 g/t Au.

Where is the Puma Target located and how large is it?

The Puma Target is located within the Sela Creek Gold Project in Suriname, spanning approximately 2.7 km of strike length within a larger 215 km² concession.

What type of mineralization was discovered at the Puma Target?

The mineralization was found in saprolite, which is an oxidized and weathered bedrock material that is favorable for low-cost processing.

What are Miata Metals' next steps at the Sela Creek Project?

The company is conducting follow-up trenching and drilling to define the extent and continuity of the newly discovered mineralized zone, using two excavators to accelerate surface work during the dry season.

Who is conducting the assay testing for Miata Metals' drill samples?

Drill core samples are sent to Filab in Paramaribo, an ISO certified laboratory, for 50g aliquot fire assay for gold analysis.