Miata Metals Advances Gold Exploration with New Drilling Efforts
Miata Metals Embarks on New Drilling Initiative
VANCOUVER, British Columbia — Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) has officially commenced its long-awaited drilling program at the Puma Target. This decision follows the successful drilling of five holes at the adjacent Golden Hand Target, for which assay results are still pending. The excitement surrounding the Puma Target is fueled by its high-grade surface results, backed by an impressive data set indicating the potential for a rich gold system.
The Puma Target Unveiled
Located in the southeast section of the Sela Creek Gold Project, the Puma Target is one of Miata's most prioritized areas. Encompassing an impressive length of approximately 2.7 kilometers and a width of 400 meters, this area has been highlighted based on extensive soil sampling and Miata’s innovative predictive vein model. Notably, the Puma Target has yet to be drilled, making this an exciting opportunity for discovery.
Miata intends to drill at least 2,000 meters at Puma, with the total program consisting of 10,000 meters to adapt depending on the interpretations and results that emerge from the ongoing exploration activities.
Recent Findings and Their Importance
Recent developments at the Puma Target have identified several high-priority zones. Historical channel samples, as well as recent grab samples, have yielded remarkable results: 3.12 g/t Au over 8 meters, 4.07 g/t Au over 5 meters, and grab samples showing 194.2 g/t Au and 39.16 g/t Au, underscoring the area's rich mineralization.
Significance of Exploration at Sela Creek
Beyond Puma, Miata has pinpointed numerous other targets within the expansive 215 square kilometer Sela Creek gold project. This site has a history of shallow artisanal mining, yet remarkably, less than 10% of the area has undergone deep drilling. This leaves significant potential for new discoveries in the future.
Additional Insights from Recent Mapping
Ongoing mapping efforts have indicated the presence of new mineralized structures at Puma, refining drill targets as exploration continues. The first drill hole has intersected a significant oxide zone starting from the surface to a depth of 60 meters, signifying promising indicators of high-sulphide proportions present in the area.
Furthermore, the discovery of an artisanal adit near a tonalite intrusion has revealed banded sulphide-bearing veins, marking a significant development and a vital focus for drilling moving forward.
Future Outlook and Exploration Plans
Miata is optimistic about the drilling at Puma, viewing it as a crucial avenue for discovering further opportunities in gold exploration. Dr. Jacob Verbaas, CEO of Miata, conveyed enthusiasm about the drill's commencement: “We see the potential at Puma as it aligns with our initial model and mapping findings.” The company plans to unlock Puma’s potential through diligent drilling efforts in the coming weeks.
As detailed exploration and drilling processes continue, Miata will also be initiating a stream sediment and soil sampling program to further investigate the Puma trend.
About Miata Metals Corp.
Miata Metals Corp. is a Canadian mineral exploration company. It is publicly listed on the Canadian Securities Exchange (CSE:MMET), OTCQB (OTCQB:MMETF), and Frankfurt (FSE:8NQ) Exchanges. The firm focuses on acquiring, exploring, and developing mineral properties. The company holds a 70% interest in the expansive Sela Creek Gold Project and options for increased ownership, ensuring its commitment to maximizing exploration potential.
Frequently Asked Questions
What is the current drilling status at the Puma Target?
Drilling has commenced at the Puma Target, marking an exciting phase in Miata Metals' exploration efforts.
How large is the Puma Target area?
The Puma Target spans approximately 2.7 kilometers in strike length and 400 meters in width.
What notable results have been reported from surface sampling?
Recent surface samples have shown extraordinary results, including 194.2 g/t Au and 39.16 g/t Au.
What other projects does Miata Metals have besides Sela Creek?
Miata also holds a 70% beneficial interest in the Nassau Gold Project, located in Suriname.
Who is leading Miata Metals Corp.?
Dr. Jacob Verbaas serves as the CEO and director of Miata Metals Corp., overseeing its exploration initiatives.
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