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Miata Metals Defines Target Areas on Cabin Lake Gold-Silver Project
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Miata Metals Corp. (CSE: MMET) ("Miata" or the "Company") announces target areas on its Cabi
About this update from Miata Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - Miata Metals Corp. (CSE: MMET) (\"Miata\" or the \"Company\") announces target areas on its Cabin Lake gold-silver-lead-zinc project in British Columbia. Highlights Additional target areas on Cabin Lake project defined VLF data will be inverted and processed to include in 3D target definition Target areas supported by high-grade rock samples Miata Metals is pleased to announce additional target definition on the Cabin Lake gold-silver project. The Company has compiled historical results and collected geochemical and geophysical data in 2022 and 2023. The Company's geophysical data indicates that mineralization occurs in structures that yield positive IP anomalies and negative magnetic anomalies within the Cabin Lake Pluton, except where the structures underly skarnified (magnetic) volcanic rocks of the Kasalka Group and Endako Formation. The Company is currently processing VLF data collected in the field season of 2023 and will add that to its 3D target definition. The historical and collected data will be used to plan follow-up 3DIP and drilling. The geophysical data is expected to enable targeting of the mineralized structures at depth. Targets supported by high grade silver and gold at surface The geophysical targets are overlain by soil samples with values of up to 1.2% Pb and 1.3% Zn and are associated with values of silver of up to 50 g/t. The Company interprets these values as till anomalies which can be directly tracked to their source, located on the Cabin Lake claims. The targets are corroborated by 2018 rock sample results of up to 3.11 g/t Au, 1,108 g/t Ag, 25.4% Pb and 13.6% Zn. These rock sample results are historical in nature. About the Cabin Lake Project The Cabin Lake project is a road accessible project near the British Columbia town of Vanderhoof. The project is near the Coastal Link gas pipeline and high voltage transmission lines. Thanks to its favourable topography and road access, the project can be explored year-round. The project has previously been explored for intrusive related gold and silver mineralization. Based on extensive compilation and research, as well as an effective 2022 exploration program including sampling, soil sampling and airborne geophysical surveying, the Company believes that the project is prospective for structu...