VANCOUVER, British Columbia, July 07, 2026 (GLOBE NEWSWIRE) -- Miata Metals Corp. (TSXV: MMET) (FSE: 8NQ) (OTCQX: MMETF) ("Miata" or the "Company") is pleased to announce additional drill results from its ongoing, 25,000 m diamond drilling program at its Sela Creek Gold Project ("Sela Creek" or the "Project") in Suriname.
The initial 2026 drill results from Puma East establish a significant new gold discovery approximately 3 km southeast of the Company's increasingly advanced Jons Trend-Big Berg Corridor where ongoing drilling continues to increase confidence in the scale and continuity of the Company's flagship gold system. The results from Puma East demonstrate that Sela Creek hosts multiple mineralized centres across the Project area.
The first four holes at Puma East intersected broad mineralized intervals containing high-grade gold, while confirming structural controls, alteration, quartz-pyrite veining, and visible gold that closely mirror the geological characteristics of Jons Trend.
Highlights:
New gold discovery established at Puma East, approximately 3 km southeast of the Jons Trend-Big Berg Corridor
First four holes intersected broad mineralized intervals and high-grade gold, highlighted by:
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26DDH-PME-002 intersected:
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17.19 m at 3.14 g/t Au from 67.31 m, including:
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7.09 m at 5.64 g/t Au
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0.90 m at 22.80 g/t Au
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26DDH-PME-004 intersected a broad mineralized interval of:
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21.64 m at 1.70 g/t Au, including:
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7.50 m at 2.04 g/t Au
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6.30 m at 2.81 g/t Au
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26DDH-PME-003 intersected:
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4.56 m at 3.39 g/t Au, including
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1.49 m at 6.19 g/t
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Geological characteristics of Puma East closely mirror those of Jons Trend
Confirms another mineralized centre within the broader Sela Creek area
Two drill rigs remain active at Sela Creek, with several holes pending assays from the Jons Trend – Big Berg corridor
Figure 1. Overview map of Puma Corridor in comparison to Jons Trend -Big Berg Corridor.
"Puma East is an exciting new discovery that demonstrates significant gold mineralization in bedrock exists well beyond the Jons Trend-Big Berg Corridor," stated Dr. Jacob Verbaas, CEO of Miata. "Based on geological mapping and our drilling to date, we believe there is the potential to unlock a second major corridor of mineralization at the Puma Trend, similar to the Jons Trend-Big Berg corridor. Our drilling in this exciting second discovery area continues while several holes from the first discovery area are pending assays. Our operational momentum is building."
"Discovering another mineralized system 3 km away that shares many of the same geological characteristics as Jons Trend gives us increased confidence in our exploration model and its ability to identify additional high-priority drill targets across the 14 km artisanal mining trend that extends through the 215 km2 Sela Creek Gold Project. Several priority targets are still untested by drilling, and we believe Sela Creek remains in the early stages of demonstrating the full extent of its district-scale gold endowment."