Miata Metals to fully acquire Nassau gold project

Highlights

• Consolidating the Nassau property represents a unique opportunity to provide Miata’s shareholders increased exposure to gold exploration and discovery as the company continues to progress drilling at its flagship Sela Creek gold project.
• Miata acquired a 70% beneficial interest in Nassau in October 2024, and the Nassau Agreement will allow the company to acquire the incremental 30%.
• The total project is host to multiple identified gold zones, each of which includes several gold occurrences.
• Nassau is located 20 km south of Newmont Corporation’s Merian gold mine, and 60 km east of the Rosebel gold mine operated by Zijin Mining.
• Although host to over 100 years of small-scale alluvial and saprolite mining activities, Nassau is under-explored and has seen minimal modern exploration.
• With a path to 100% ownership now in hand, Miata continues to compile historical information that will allow for an efficient first-pass surface programme including mapping and sampling.
• Sela Creek remains the company’s core focus as it progresses its maiden 10 000 m drill programme, which is approximately 15% complete with assays currently pending on holes 10 through 14.

Dr. Jacob Verbaas, CEO of Miata, said:

“With this transaction, Miata now holds exposure to the potential for 100% ownership of both Sela Creek and Nassau, providing us with full strategic control over our Suriname gold portfolio. We continue to systematically advance our flagship Sela Creek gold project, where our technical team is drill-testing a large-scale orogenic system across 215 km². We are pleased to enter into this agreement at Nassau as it strengthens our long-term position in the prolific greenstone belts of Suriname. Nassau is on trend with the producing Rosebel and Merian mines, road accessible, and close to important infrastructure. Like Sela Creek, we believe the Nassau project now also has the right foundation to build lasting shareholder value in Suriname’s highly prospective gold belt.”

Read the article online at: https://www.globalminingreview.com/mining/03062025/miata-metals-to-fully-acquire-nassau-gold-project/