The playbook — gold · September 30, 2026
Miata drills 35.25 m at 3.41 g/t at Jons Trend
A rich hole with a 15-gram core steps the higher-grade zone 50 metres down-dip at ~89–120 m depth. One barren step-out keeps the trend honest.
Miata Metals drilled a hole at its Sela Creek gold project in Suriname that cut 35.25 metres grading 3.41 grams of gold per tonne — enough gold in each tonne of rock to notice — and inside that, a 5.55-metre core running 15.36 grams per tonne. The hole, JT-023, is part of the Jons Trend, a line of gold-bearing rock the company has been chasing with drills. A second hole, JT-022, hit a broader 37.99 metres at 1.60 grams per tonne, a lower-grade parallel zone stacked nearby. Both holes start their mineralized rock fairly close to surface — the JT-023 headline zone sits between about 89 and 120 metres down.
Here is why the pattern matters. JT-023, intercepted at roughly 89–120 m depth, sits roughly 50 metres down-dip southwest of two earlier strong holes, JT-019 and JT-008 — separate drill collars, not a fan from one hole — so the higher-grade zone is holding together and plunging into the rock rather than being a lucky one-off. That is the difference between a single number and a trend. The gram-meter math (grade times width, a rough measure of how much metal a hole carries) is genuinely strong here: about 120 downhole, near 85 on a true-width basis. The market has noticed. Miata’s stock nearly doubled over three months, up 97.4% while the junior gold index gained 17.8% and gold itself moved 4.7% — a spread far too wide to blame on the sector. In August the company pulled in a C$25.2 million financing, including a 19.9% strategic stake from La Mancha, its first institutional anchor.
Now the honest part. The company discloses true widths, and they matter: that 35.25-metre headline is 24.9 metres true width, roughly a 30% haircut, and the 5.55-metre core is 3.9 metres true. No cut-off grade or compositing rule was stated, so how the broad intervals were assembled around internal low-grade rock is unclear. JT-021, a 50-metre step-out to the north, returned no significant stacked veins — the trend is not uniform along strike. And the Howler scout holes 750 metres away are thin and low-grade; lateral repetition is a hope, not proof. Worth noting: CEO Jaap Verbaas is also the sole Qualified Person signing off on the results, so there is no independent review. More assays are pending across the Jons Trend–Big Berg corridor and Puma East, with two rigs turning.