Vancouver, British Columbia--(Newsfile Corp. - June 5, 2024) - Miata Metals Corp. (CSE: MMET) ("Miata" or the "Company") is pleased to announce its proposed entry into Suriname, part of the prolific Guiana Shield, through the execution of a non-binding letter of intent ("LOI") with arm's length party, 79North Inc. ("79North") pursuant to which Miata proposes to acquire all of the issued and outstanding shares of 79North (the "Acquisition").

Suriname contains a highly prolific gold endowment associated with greenstone belts of the Guiana Shield. It is home to multiple producing gold mines and mature development projects, despite being relatively under-explored compared to other South American and West African countries in the Guiana/West African Shield.

79North currently holds an interest in the 21,929 ha. Sela Creek gold project ("Sela Creek"), and the 21,076 ha. Nassau gold project ("Nassau"), both located in southern Suriname and within the Marowijne Greenstone Belt.

Highlights

Miata proposes to issue 9,000,000 common shares to 79North shareholders in exchange for 100% of the issued and outstanding shares of 79North at closing.
Strategically positions Miata as a multi-asset explorer in Suriname, with two projects that cover over 40,000 ha. located within the prolific Marowijne Greenstone Belt.
Both 79North assets contain extensive surficial mining activity and prospective historical workings that include channel and auger samples as well as diamond drilling.

see & read more on
https://www.newsfilecorp.com/release/211791/