Miata Targets Golden Hand's Centre After Drilling Broad Mineralized Zones at Sela Creek Gold Project in Suriname
VANCOUVER, British Columbia, June 19, 2025 (GLOBE NEWSWIRE) -- Miata Metals Corp. (CSE: MMET) (FSE: 8NQ) (OTCQB: MMETF) ('Miata' or the 'Company') is pleased to announce assay results from drill holes 10 to 12, as it continues to vector towards the centre of the Golden Hand target. These three holes represent 564.2m of the ongoing 10,000m drill program. To date, assays for 2,011m of drilling have been released, with approximately 80% of the total planned program still to come. The project covers a total area of 215km2.
Golden Hand represents just 2km of strike length within a broader 8km corridor of active and historic artisanal mining. It is the first of seven high-priority targets identified to date within the concession. As drilling progresses, Golden Hand is being assessed both as an open pit and underground mineralized system. Less than 10% of the artisanal mining area of Sela Creek has been drill-tested at depth, leaving considerable room for further discovery. The majority of holes drilled by Miata have intersected multiple near-surface gold-bearing veins.
As this marks the first-ever drilling campaign at Golden Hand, Miata's technical team is gaining valuable insights into the bedrock mineralogy, significantly enhancing its understanding of the project's structural controls. This knowledge will also be applied across the remaining targets to increase the precision and effectiveness of the ongoing 10,000m drill program.
Highlights
Results of the three holes reported today indicate potentially significant zones of interest near what the Company believes to be the centre of the Golden Hand target.
Wide intercepts indicate a potentially substantial mineralized zone at Golden Hand, including:
25DDH-SEL-010: 13.1m at 0.46 g/t Au from 38.0m
25DDH-SEL-010: 24.2m at 0.24 g/t Au from 55.0m
Including 2m at 1.32 g/t Au from 58.7m
25DDH-SEL-010: 25.5m at 0.36 g/t Au from 180.5m
Including 2m at 2.35 g/t Au from 204m
25DDH-SEL-011: 50.1m at 0.30 g/t Au from 52.9m*
Including 2.1m at 1.49 g/t Au from 52.9m
Assays for a further five drill holes at Golden Hand are pending.
Hole 25DDH-SEL-017, which targets the interpreted centre of Golden Hand, is currently being drilled.
Golden Hand is the most active artisanal mining area of the Sela Creek concession.
Drilling at Golden Hand has yielded a refined structural model, which is now being applied across the broader concession.
'These wider intercepts are very encouraging since they delineate a significant zone of interest with shallow-dipping vein arrays and greatly expand our understanding of this system. Shallow-dipping zones of mineralization often identify compelling open-pit targets,' stated Dr. Jacob Verbaas, CEO of Miata Metals. 'We believe we are now drilling the centre of the Golden Hand system with 25DDH-SEL-017. By drill testing Golden Hand, we have identified the structural controls for the widespread gold mineralization at Sela Creek, which has also prepared us well for drilling other high-priority targets such as Puma.'Figure 1. Golden Hand drilling outlining a large open fold that is superimposed on the folds hosting gold at the Jons trend. The interference of these two folds is a likely structural trap for secondary gold enrichment and is tested with drill hole 25DDH-SEL-017.
Golden Hand Results of the three holes reported today indicate potentially significant zones of interest near what the Company believes to be the centre of the Golden Hand target. Exploration drilling at Golden Hand has yielded a refined structural model that is now being applied across the broader concession. Results are currently pending for a further five drill holes at Golden Hand.
Hole 25DDH-SEL-15 and 16 were drilled underneath an active pit and targeted both a mineralized shear and F2 folding in the eastern portion of Golden Hand. Hole 25DDH-SEL-17 was collared closer to the centre of the mineralized structural zone where shallowly dipping veins were intersected in holes 25DDH-SEL-10 to 12. This same zone was also intersected in hole 25DDH-SEL-14 and yielded sulphide bearing veining at 256m (Fig 1). Hole 25DDH-SEL-15 and 16 were targeted in an active pit on the eastern side of Golden Hand testing a similar structural zone.
For a table showing complete drill results to date, click here.Figure 2. Drill collars to date in red and target areas in white, overlain on orthophotos flown in 2024 on the 215km2 Sela Creek gold project.
QAQC
Samples were sent to a Filab, a certified laboratory in Paramaribo for analysis. Samples were analysed by fire assay in 50g aliquots. Any samples yielding over 10 g/t Au were also analysed through gravimetry and select samples with visible (coarse) gold were analysed using metallic screen. The Company and the lab insert standards, duplicates and blanks at regular intervals. All QAQC samples fall within acceptable values.True width of drill intercepts is within 90% of disclosed width unless otherwise stated.
*True width 33m.
QP Statement
The scientific and technical information in this news release has been reviewed and approved by Dr. Jacob Verbaas, P.Geo., a director of the Company and Qualified Person as defined under the definitions of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Miata Metals Corp.
Miata Metals Corp. (CSE:MMET) is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as the OTCQB (OTCQB:MMETF) and Frankfurt (FSE:8NQ) Exchanges. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a 70% interest in the ~215km2 Sela Creek Gold Project in Suriname with an option to acquire a full 100% interest in the project, and a 70% beneficial interest in the Nassau Gold Project in Suriname with an option to acquire 100%. Both assets are located in the greenstone belt of Suriname.
On Behalf of the Board
Dr. Jacob (Jaap) Verbaas, P.Geo | CEO and Director info@miatametals.com +1 778 488 9754This press release contains certain forward-looking statements as well as historical information. Readers should not rely on information in this summary for any purpose other than for gaining general knowledge of the Company. Forward-looking statements include, but are not limited to the scope and timing of the Company's drilling programs. The words 'expected', 'believes', 'will' and similar expressions are intended to be among the statements that identify forward looking statements. Although the Company believes that its expectations as reflected in any forward-looking statements, are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates, opinions or other factors should change.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/dc50c1aa-9297-4ec6-8125-c77afcc3780e
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c602964-fb8c-4b09-a598-49a6b7b5671aSign in to access your portfolio
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
22 minutes ago
- Associated Press
Spetz Announces Closing of Third and Final Tranche of Private Placement for an Aggregate Total of $8,502,761.50 Million
TORONTO, ON / ACCESS Newswire / June 20, 2025 / SPETZ INC. (the 'Company' or 'Spetz') (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce that it has held earlier today the closing of the third and final tranche (the 'Third Tranche') of its previously announced non-brokered private placement (the 'Private Placement') at which it issued 796,906 units (the 'Units') at a price of $0.50 per Unit, for gross proceeds of $398,453. Each of the Units is comprised of one common share and one-half of a common share purchase warrant (the 'Warrants') of Spetz. Each whole Warrant entitles its holder to acquire one additional common share of Spetz at a price of $0.75 for a period of 24 months from the closing date. As previously announced, the Company issued 16,208,617 Units for gross proceeds of $8,104,308.50 on May 28, 2025 and June 18, 2025, respectively. In aggregate, the Company issued under the Private Placement 17,005,523 Units for aggregate gross proceeds of $8,502,761.50. The net proceeds from the Private Placement will be used for general working capital purposes, validator expansion, and growth initiatives within the blockchain infrastructure sector. In connection with the Third Tranche, the Company paid cash commissions to two (2) securities dealers in an aggregate amount of $6 507.18. In addition, the Company granted non-transferable finders' warrants (the 'Finder's Warrants') to two (2) securities dealers entitling them to acquire up to an aggregate of 10,014 additional common shares of Spetz at a price of $0.75 per share for a period of 24 months from the closing date. All of the foregoing securities issued under the Third Tranche are subject to a hold period of four months and day expiring on October 21, 2025. About Spetz Inc. (dba SonicStrategy) Spetz Inc. (dba SonicStrategy) (CSE:SPTZ)(OTC PINK:DBKSF) is the parent company of SonicStrategy Inc., a public-market gateway to the Sonic blockchain ecosystem. Spetz provides investors with compliant exposure to staking infrastructure and DeFi strategies across the Sonic network. Company Contacts: Investor Relations Email: [email protected] Mitchell Demeter Email: [email protected] Phone: 345-936-9555 NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Note Regarding Forward-looking Statements Certain information herein constitutes 'forward-looking information' under Canadian securities laws, reflecting management's expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as 'may', 'plans,' 'expects,' 'intends,' 'anticipates,' 'believes,' and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations. Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. The forward-looking information contained in this press release represents Spetz's expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. We seek Safe Harbor. SOURCE: Spetz Inc press release
Associated Press
23 minutes ago
- Associated Press
Cost-Saving Air Filtration for Ontario Schools: Expert Insights from Camfil Canada Air Quality Specialist Joshua Guthrie
06/20/2025, Toronto, ON // KISS PR Brand Story PressWire // Indoor air quality (IAQ) plays a crucial role in creating a healthy and productive learning environment for students and staff in Ontario schools. Camfil Canada has launched a new article and accompanying video focusing on how schools in Ontario can save money on air filtration costs while improving indoor air quality. The resources are designed to help school boards and administrators tackle rising operational costs in a practical, effective way. The article, How Canadian Schools Can Save Money and Create Healthier Learning Environments, highlights the growing financial pressures faced by Canadian schools and introduces innovative ways to cut expenses related to HVAC systems and air filter maintenance. The video further supports this message by detailing real-world examples of cost-saving strategies implemented in Ontario schools, including the use of advanced air filters with high dust-holding capacities and energy-efficient designs. 'As school boards across Canada face funding pressures and seek to decrease operational costs, they could be overlooking an expense that could achieve significant savings for schools,' said Joshua Guthrie, Life Science Segment Leader and NAFA Certified Air Filtration Specialist at Camfil Canada, 'The type of air filter used could be costing Canadian schools far too much in terms of energy consumption, labour for changeouts and maintenance, and filter replacement costs.' Key topics covered include how premium filters can extend service life, reduce waste, lower energy consumption, and decrease overall HVAC system strain. Notably, Camfil Canada's team emphasizes on-site testing and Life Cycle Cost analysis (LCC) as essential tools for tailoring filtration solutions to a specific school's needs. The article also sheds light on the impressive results achieved by some Ontario school boards, where transitioning to advanced filtration systems resulted in reduced filter replacement costs and significant energy savings. One Ontario school board, for instance, saved over $500,000 in filter costs alone by adopting Camfil's air filter solutions. To learn more about how school districts can save on energy costs while improving air quality in Ontario schools, read Camfil Canada's full article and watch the accompanying video. To access these resources, see the article at Camfil Canada or watch the full video on YouTube here. About Camfil Canada For more than 60 years, Camfil has been helping people breathe cleaner air. As a leading manufacturer of premium clean air solutions, we provide commercial and industrial systems for air filtration and air pollution control that improve worker and equipment productivity, minimize energy use, and benefit human health and the environment. Media Contact: Phillip Ilijevski Phone: 437-929-1161 Email: [email protected]
Associated Press
23 minutes ago
- Associated Press
B2Gold Announces Voting Results from its 2025 Annual General and Special Meeting
VANCOUVER, British Columbia, June 20, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ('B2Gold' or the 'Company') is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the 'Meeting') held on Thursday, June 19, 2025. A total of 864,407,409 common shares were voted at the Meeting, representing 65.42% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before the Meeting. The ten director nominees listed in B2Gold's Management Information Circular (the 'Circular') dated May 2, 2025, were elected as directors of B2Gold to hold office for the ensuing year or until their successors are elected or appointed. Detailed results of the vote for each director are set out below: The resolutions to appoint PricewaterhouseCoopers LLP as auditor of the Company was approved with 96.60% of votes cast in favour. The resolution regarding the Advisory Vote on the Company's approach to Executive Compensation was approved with 93.23% of votes cast in favour. A report on all items of business voted on at the Meeting has been filed on Sedar+ at About B2Gold B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland. ON BEHALF OF B2GOLD CORP. 'Clive T. Johnson' President & Chief Executive Officer The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release. Source: B2Gold Corp. For more information on B2Gold please visit the Company website at or contact: Michael McDonald VP, Investor Relations & Corporate Development +1 604-681-8371 [email protected] Cherry DeGeer Director, Corporate Communications +1 604-681-8371 [email protected]
