The playbook — gold · October 20, 2026
Miata's JT-025 cuts 43 m at 2.42 g/t at Jons Trend
A thick new hole 130 m along strike and ~170–209 m below surface backs up the last one — and the corridor to Big Berg gets its first geological thread.
Miata Metals drilled a hole at its Sela Creek gold project in Suriname that cut 43.0 metres grading 2.42 grams of gold per tonne — enough gold in each tonne of rock to matter — and inside it a 4.0-metre core running 17.11 grams per tonne. The hole, JT-025, is part of the Jons Trend, a line of gold-bearing rock the company has been chasing with drills. A shallower zone in the same hole gave 25.6 metres at 1.96 grams per tonne, including 1.49 metres at 17.51. When we last covered Miata, the company had promised more assays across the Jons Trend–Big Berg corridor and Puma East; this release delivers the Jons Trend–Big Berg half of that.
Here is why the pattern matters. JT-025 is a stated 130-metre step-out from the prior strong hole JT-023, with its 43-metre interval sitting between about 170 and 209 metres below surface — a thick, bulk-tonnage-style hit at an estimated 33-metre true width, roughly matching the earlier 35.25 metres at 3.41 grams. Two JT holes holding together like that is the real signal. The gram-meter math (grade times width, a rough measure of metal per hole) is about 104 downhole on JT-025 — genuinely strong. The corridor holes, by contrast, are more modest: the GH series mostly runs below 1.6 grams over 10 to 17 metres, so the claimed 1.5-kilometre continuity to Big Berg is geological linkage between separate collars, not a continuous high-grade payshoot. The market has paid attention anyway. Miata’s stock rose 71.8% over three months while the junior gold index gained 17.3% and gold itself moved 3.1% — four times the index, a spread too wide to pin on the sector.
Now the honest part. The company discloses true widths per hole, and the corridor grades are pit-marginal — real rock, but thin on metal. No cut-off grade or compositing rule is stated, so how low-grade internal intervals were folded into the broader numbers is unclear, and the true-width method is not described. CEO Jaap Verbaas is also the sole Qualified Person signing the results, so there is no independent review. One open item from last time stays open: the Puma East assays were not reported here, and the on-site sample lab ramp-up was not addressed. The 25,000-metre program continues, with Jons Trend open to the southwest and along strike, and the company says a next Big Berg phase will infill the corridor and test the southeast extension, with more holes pending assay.