Exciting Gold Discoveries at Sela Creek Propelling Miata Metals
Vancouver, British Columbia — Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) has made significant strides in gold exploration with its recent drilling results at the Sela Creek Gold Project. The ongoing core drilling program is set to cover an extensive area of 215 square kilometers, with the recent results showcasing the potential richness of the site.
Phase 1 Drilling Program Overview
The initial phase of the drilling program, which is part of a larger 10,000-meter effort, has focused on the Golden Hand zone. This zone has confirmed the presence of a promising orogenic gold system characterized by multiple veins close to the surface. With 15% of the drilling already completed, approximately 8,500 meters remain to be drilled, showing a robust pace towards confirming the gold potential.
Key Features of Golden Hand Target
The Golden Hand zone spans a narrow but significant stretch of 2 kilometers within an 8-kilometer corridor that includes both active and historical artisanal mining. This makes it a high-priority target and the first of seven identified within the immediate concession area. As drilling advances, the evaluation will focus not just on open-pit possibilities but also consider the underground mineralized systems, placing an emphasis on resource maximization.
Valuable Insights from Drill Results
The first nine holes drilled have yielded promising insights into bedrock mineralogy. Each of these early results builds a clearer understanding of the geological structure, significantly aiding the exploration team's strategic planning for the subsequent targets. Less than 10% of the artisanal mining area has been tested at depth, highlighting substantial potential for new discoveries.
Highlights of Gold Intercepts
Among the remarkable findings, several drill holes demonstrated more than one gold intercept, with notable results including:
- 25DDH-SEL-004: 7.5m at 1.05 g/t Au from 13.5m
- 25DDH-SEL-006: 3.85m at 2.71 g/t Au from 101.15m
- 25DDH-SEL-008: 1.5m at 5.46 g/t Au from 19.3m
- 25DDH-SEL-009: 2m at 4.72 g/t Au from 19.3m
These assay results underscore a broad gold presence in the bedrock, confirming the validity of the predictive vein model employed during the exploration. The data supports the hypothesis of a rich mineral system at Sela Creek.
Future Exploration and Mining Prospects
As the exploration advances into Phase 1, there’s an exciting outlook on the secondary structures being tested within the Golden Hand target, which could further enhance the gold discovery rate. Dr. Jacob Verbaas, CEO of Miata, expressed enthusiasm about the ongoing drill results, indicating that they form a compelling case for considering the Golden Hand area as an open-pit target. Continuous drilling and data analysis will only strengthen their approach and guidance for future drilling activities.
Quality Control in Sampling
To ensure the integrity of the findings, samples were analyzed by a certified laboratory. Assay processes involved fire assays of 30g and 50g aliquots, with additional gravity analysis for higher-grade samples. The company follows strict quality assurance protocols to maintain high standards in reporting and analyzing the drill results.
About Miata Metals Corp.
Miata Metals Corp. is dedicated to mineral exploration and development, holding a 70% interest in the Sela Creek Gold Project, with ambitions to reach a full 100% ownership. Additionally, the company possesses a 70% interest in another property, the Nassau Gold Project. Their efforts are directed towards identifying and developing valuable mineral deposits, particularly within the rich 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
Frequently Asked Questions
What recent project has Miata Metals been focusing on?
Miata Metals has been concentrating on the Sela Creek Gold Project, conducting a 10,000-meter core drilling program.
What significant findings have come from the recent drilling results?
The drilling has uncovered multiple gold intercepts at varying grades, highlighting a broad gold system in bedrock at the Golden Hand target.
How large is the Sela Creek Gold Project area?
The total area of the Sela Creek Gold Project covers approximately 215 square kilometers.
What exploration methods are Miata Metals using?
They are employing diamond drilling techniques and following strict quality control measures for sample analysis.
How many drill holes have been completed so far at the Sela Creek project?
Nine holes have been drilled so far, with results indicating significant gold mineralization.
