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    Miata’s 3.4 g/t gold at Sela Creek: geometry and pit potential for mine planners

    October 1, 2026|

    Reviewed by Tom Sullivan

    Miata’s 3.4 g/t gold at Sela Creek: geometry and pit potential for mine planners

    First reported on MINING.com

    30 Second Briefing

    Miata Metals has reported stacked, high-grade gold intercepts at the Jons Trend within its Sela Creek project in Suriname, including 35 metres grading 3.41 g/t gold from 97.7 metres in hole 26DDH-JT-023, with 5.5 metres at 15.36 g/t. A second key hole, 26DDH-JT-022, cut 37.9 metres at 1.6 g/t from about 158.3 metres, while JT-023 extends a previously defined higher-grade zone a further 50 metres down-plunge. Mineralisation is hosted in strongly strained, tightly folded, silicified quartz-biotite schists, supporting an open-pittable geometry and potential repetition of plunging high-grade shoots along the 14-km trend.

    Technical Brief

    • Highlight intervals occur in strong to intensely strained, tightly folded, silicified quartz–biotite schists.
    • Multiple mineralised zones per hole indicate vein continuity both down-dip and along strike at Jons.
    • Higher-grade plunging zones are interpreted to repeat at regular intervals, linked by moderate-grade envelopes.
    • Jons-style mineralisation is inferred to recur across the 14 km Sela Creek trend from Howler and Jons results.
    • Earlier Jons holes include JT-019 (30 m @ 4.06 g/t from 117 m) and JT-08 (23.7 m @ 5.73 g/t from 82 m).
    • Hole JT-023 confirms the key high-grade shoot extends at least 50 m further down-plunge than JT-019/JT-08.
    • Miata currently owns 70% of Sela Creek, with Selakriki Okanisi Resources retaining 30% and a 2% NSR option.
    • Project lies ~230 km southeast of Paramaribo in the underexplored Surinamese segment of the Guiana Shield.

    Our Take

    La Mancha Resource Capital’s US$13.7 million move for 19.9% of Miata Metals mirrors its backing of other Guiana Shield gold names in our coverage, signalling that Sela Creek’s grades and 14 km trend are being viewed as comparable in upside to better-known regional plays in Guyana and Brazil.

    With Miata holding 70% of Sela Creek and Selakriki Okanisi Resources retaining both equity and a 2% NSR if bought out, the structure aligns with other Guiana Shield deals where local partners keep long-term royalty exposure, which can smooth permitting but also raise eventual cost-of-capital for project finance.

    Among recent gold ‘Projects’ pieces in our database, few sub-US$100 million market-cap companies report multiple >3 g/t Au intercepts over tens of metres this early, suggesting Miata’s current C$82.4 million valuation leaves room for step-change re-rating if continuity along the 14 km trend is confirmed by follow-up drilling.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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