Miata's JT-026 cuts 13.59 m at 10.33 g/t, with visible gold inside

Miata Metals drilled a hole at its Sela Creek gold project in Suriname that cut 13.59 metres grading 10.33 grams of gold per tonne — rich rock, about a third of an ounce of gold in every tonne. Inside it sat a 3.56-metre core running 37.62 grams per tonne, studded with visible gold in a silica-sulfide breccia. A second, broader zone lower in the same hole gave 21.0 metres at 1.01 grams. When we last covered Miata, the company had promised more drilling along the Jons Trend, open to the southwest and at depth — this hole, JT-026, delivers on the central axis, while the western step-outs come in on the margins.

Here is why the headline matters. The gram-meter math — grade times width, a rough measure of metal per hole — runs about 140 downhole on JT-026, with roughly 134 of that packed into the 3.56-metre visible-gold core alone. That is genuinely high-grade, and it isn’t a one-off: the prior hole JT-025 carried two broad zones through the same central axis, supporting a stacked-vein picture. The company discloses an estimated true width for the headline — 10.41 metres against the 13.59-metre downhole length — and its QA/QC is thorough, running metallic-screen checks on coarse gold, which matters because nuggety gold can inflate assays. The headline interval sits between roughly 173 and 186 metres below surface. The market has been paying attention: Miata’s stock rose 35.5% over three months while the junior gold index gained 5.9% and gold itself was flat — a spread too wide to pin on the sector, with a clear re-rating leg followed by partial giveback.

Now the honest part. The release does not state how far JT-026 steps out from JT-025 — the earlier collar isn’t in the table, so the inter-hole distance can’t be derived. The western and northwestern step-outs, JT-028 through JT-030, returned only narrow 1.5-to-3-metre intervals: these mark the edge of the system, not its growth. No cut-off grade or compositing rule is stated, so the low-grade shoulder intervals can’t be independently reconstructed, and the true-width method isn’t described. CEO Jaap Verbaas is the sole Qualified Person signing the results, so there is no independent review. One item from last time stays open: the on-site sample lab ramp-up was not addressed, and the next Big Berg infill phase was not reported here. The 25,000-metre program continues, with the company focused on extending the central Jons Trend along its plunge and at depth, and more assays pending.

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