Junior Miner Hits Best Intercept Yet, Reveals New Gold Discovery

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Tuesday, March 24, 2026

Shifting geopolitical dynamics are continuing to ripple across all asset classes. While recent talk of a potential ceasefire in the Middle East sparked a broad-based rally in yesterday’s trading, overall, the war has introduced heightened volatility, including in traditional safe-haven assets like gold. Despite its defensive reputation, gold has pulled back significantly in recent weeks. Although this weakness may be uncomfortable in the short term, it represents a healthy correction that could set the stage for a renewed bullish move once geopolitical tensions begin to ease.

Like the metal itself, most junior miners have also experienced near-term share price pressure amid gold’s decline. However, there are emerging signs that both gold and the companies exploring and producing it may be bottoming. Supporting this view, one junior miner released strong drill results this morning and is rebounding from recent lows as investors respond positively to the news.

Miata Metals (CSE: MMET) (OTCQX: MMETF) reported encouraging drill results from its ongoing 25,000-metre diamond drilling program at the Sela Creek Gold Project in Suriname, with standout results coming from the Big Berg target. Early drilling at Big Berg has delivered the strongest intercepts recorded at the project so far, including a broad interval of 96 metres grading 1.41 g/t gold, alongside multiple higher-grade zones within the system. These findings confirm the presence of a large, near-surface gold system with consistent mineralization, marking the first significant discovery outside of the previously defined Jons Trend.

The Big Berg discovery, located approximately 1 kilometre from Jons Trend, appears to be part of the same structural corridor, suggesting strong potential for continued expansion. Additional drill holes have confirmed continuity of gold mineralization across the target, reinforcing the scale of the system. Both Big Berg and Jons Trend remain open along strike and at depth, pointing to considerable district-scale upside, while ongoing drilling continues to expand the footprint of the discovery.

“These results from Big Berg mark a defining moment for the Sela Creek Project,” stated Dr. Jacob (Jaap) Verbaas, CEO of Miata. “Intersecting nearly 100 metres of continuous gold mineralization at 1.41 g/t Au in a new target, beginning near surface, is a clear indication that we have found a large and robust gold system. When combined with the higher-grade intervals throughout the hole, this represents the strongest drilling we have seen on the Project to date.”

Shares of MMET are currently up 11.11% at $0.50, while U.S. listed shares (MMETF) are trading up 12.1% at $0.384 in mid-morning trading.

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