Miata Metals Corp. Advances Its Jons Trend Exploration Program

Miata Metals Corp. (CSE: MMET, FSE: 8NQ, OTCQB: MMETF) announced a series of significant drilling results on its Sela Creek gold project in Suriname that effectively double the company’s mineralized footprint within the Jons Trend. The company also closed a $11.5 million public offering, fully exercising its over‑allocation option, thereby strengthening its balance sheet for continued exploration and potential development.

1. Drilling Successes that Double the Footprint

  • Hole 039 produced a 500 m step‑out, confirming that the mineralized zone extends well beyond the previously known limits. The extended interval includes several high‑grade blocks that corroborate the continuity of the gold system.
  • Hole 043 yielded a 54 m section grading 1.04 g t Au, underscoring the high‑grade nature of the Jons Trend. This result aligns with the earlier discoveries in holes 25DDH‑SEL‑037 through 25DDH‑SEL‑046, which documented gold grades ranging from 0.23 g t Au to 5.53 g t Au across multiple intervals.
  • The cumulative data from holes 25DDH‑SEL‑037, 25DDH‑SEL‑038, 25DDH‑SEL‑042, and 25DDH‑SEL‑046 demonstrate a coherent structural trend that is consistent with regional geological models, reinforcing the viability of the project as a prospective gold resource.

These drilling outcomes represent a strategic win for Miata, as they provide a clearer picture of the gold system’s geometry and grade distribution. The expansion of the mineralized zone not only increases the potential resource base but also improves the economic outlook by extending the life of the project.

2. Capital Markets Activity

On 9 December 2025, Miata Metals closed a short‑prospectus offering that raised $11.5 million CAD (approximately $8.5 million USD). The offering was fully oversubscribed, with the company exercising the full over‑allocation option. The capital raised will be allocated to:

  • Continued drilling and resource development at Sela Creek and potential additional target areas within Suriname.
  • Expansion of the company’s exploration portfolio through strategic acquisitions or joint ventures in similar geological settings.
  • Working capital and general corporate purposes, ensuring liquidity for upcoming regulatory and operational requirements.

The successful capital raise, coupled with the robust drilling results, positions Miata to accelerate its transition from exploration to production‑grade resource delineation.

3. Market Position and Future Outlook

With a market capitalization of $36.55 million CAD and a closing price of $0.465 CAD as of 8 December 2025, Miata remains an attractive proposition for investors seeking exposure to high‑grade gold prospects in South America. The company’s recent achievements:

  • Double the mineralized footprint in a single drilling season,
  • High‑grade intercepts that exceed the average grade of comparable projects in the region, and
  • Capital infusion that expands exploration budgets,

provide a solid foundation for future resource estimation and, ultimately, potential mine development. Analysts anticipate that these developments will likely trigger a positive reassessment of Miata’s valuation metrics, particularly if subsequent drilling confirms the resource estimates and economic viability of the Jons Trend system.

4. Conclusion

Miata Metals Corp. has leveraged its drilling program to make decisive strides in understanding the geometry and grade of its Sela Creek gold project. The company’s ability to secure significant capital through a public offering, coupled with the newly discovered mineralization, positions it favorably within the competitive landscape of junior gold miners. Investors and stakeholders should watch closely as Miata moves toward resource definition and, potentially, a pre‑feasibility study that could set the stage for a future mine.