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SAGA Metals Corp. (TSXV:SAGA) has revealed new assay outcomes from three diamond drill holes at the Trapper Zone within its wholly owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador. The recent results from drill holes R-0055, R-0056, and R-0057 show extensive oxide mineralization zones with grades including 53.72% Fe2O3, 8.24% TiO2, and 0.377% V2O5, raising the total assayed holes to 50 as part of the company’s inaugural Mineral Resource Estimate (MRE) diamond drilling program.
Key Highlights
- SAGA Metals Corp. (TSXV:SAGA) has published assay data from drill holes R-0055 through R-0057 at the Trapper Zone of its Radar Critical Minerals Project in Labrador.
- Hole R-0057 recorded a standout high-grade interval of 19.6 metres grading 53.72% Fe2O3, 8.24% TiO2, and 0.377% V2O5, marking the company’s most significant intercept to date.
- The firm has completed 71 diamond drill holes totaling 18,641 metres in the Trapper Zone, with the maiden Mineral Resource Estimate program nearing completion.
- Core recovery rates have consistently exceeded 95% throughout the drilling campaign, with assay results expected to support metallurgical test work and the maiden MRE advancement.
New Assay Results Validate Consistent Mineralization Across Trapper Zone
SAGA Metals announced analytical results from three additional diamond drill holes as part of its ongoing maiden Mineral Resource Estimate program at the Trapper Zone. Released on 28 July 2026, the data highlights significant oxide mineralization intercepts demonstrating excellent continuity and consistent grades across the property.
Hole R-0055 intercepted a broad 97.6-metre zone grading 43.54% Fe2O3, 6.62% TiO2, and 0.277% V2O5, including a 66.1-metre sub-interval averaging 47.65% Fe2O3, 7.36% TiO2, and 0.317% V2O5. Hole R-0056 reported an 87.3-metre intercept grading 33.39% Fe2O3, 4.65% TiO2, and 0.207% V2O5, with a higher-grade 33.0-metre zone at 43.67% Fe2O3, 6.14% TiO2, and 0.318% V2O5. Hole R-0057 returned a 101.7-metre zone grading 38.65% Fe2O3, 5.60% TiO2, and 0.249% V2O5, featuring a notable 19.6-metre interval at 53.72% Fe2O3, 8.24% TiO2, and 0.377% V2O5.
Aggregate Drilling Results Highlight Extent of Radar Mineralization
With these three holes assayed, SAGA Metals has now received results from 50 diamond drill holes completed during the MRE drilling program. Overall, 71 holes have been drilled, totaling over 18,600 metres in the Trapper Zone as of the announcement date, with holes R-0079 and R-0080 currently in progress.
The company notes multiple drill holes have intercepted thick oxide cores ranging from 70 to 150 metres, with assay intervals frequently exceeding 45058% Fe2O3, 608% TiO2, and 0.370.44% V2O5. Detailed logging from the latest holes confirms rhythmic banding and semi-massive to massive oxide mineralization consistent with other Trapper Zone areas. Previously reported hole R-0061 returned a 244.4-metre intercept of semi-massive oxide with rhythmic layering (true thickness 204.7 metres), underscoring the oxide zone thickness potential at the property.
Comprehensive Geological Logging Corroborates Mineralization Style
Hole R-0055, drilled from pad AL-1 at an azimuth of 38 B0 and a dip of -60 B0, reached 320 metres depth, intercepting the oxide zone at 70.1 metres. The oxide mineralization extends 140.8 metres downhole, comprising 67.6 metres of semi-massive oxide and 73.2 metres of rhythmic layering. This alternating pattern aligns with observations throughout the Trapper Zone.
Hole R-0056, from pad BD-1 with azimuth 38 B0 and dip -45 B0, intercepted oxide at 84.8 metres, returning a 93.9-metre oxide zone with 24.4 metres semi-massive oxide and 69.6 metres rhythmic layering. Hole R-0057, also on BD-1 but at a steeper -60 B0 dip, intercepted oxide at 92.4 metres with a 96.1-metre zone comprising 43.6 metres semi-massive oxide and 52.5 metres rhythmic layering. Petrographic analysis confirms titanomagnetite mineralization, favorable for simplified metallurgical processing.
Exploration Confirms Mineralization Throughout 29-Kilometre Oxide Corridor
SAGA Metals has confirmed mineralization in all 78 drill holes completed to date at the Radar Project, spanning two main zones. Exploration has validated a 29-kilometre central oxide corridor including the Trapper, Falcon, and Hawkeye Zones, covering 29 square kilometres. Ground magnetic surveys and 3D magnetic inversion imaging illustrate the spatial relationship of drill holes and magnetic features.
The geological setting resembles major global iron-titanium-vanadium systems such as Panzhihua in China and the Bushveld Complex in South Africa. The Radar Property fully encloses the Dykes River Intrusive Complex, mapped at about 160 square kilometres surface area. This district-scale mineralized system, combined with consistent semi-massive to massive oxide mineralization thicknesses and grades, suggests strong potential for a significant mineral resource.
Robust Sample Preparation and Quality Control Measures Implemented
SAGA Metals operates a core cutting and sampling facility in Cartwright, Labrador, where all diamond drill core is logged and sampled by company personnel. NQ diameter core is cut lengthwise with a diamond saw; one half remains in the core box while the other half is sampled for analysis. Core recovery has consistently exceeded 95%, supporting metallurgical testing and resource estimation.
Analytical testing is performed at Impact Global Solutions (IGS) laboratory in Montr E9al, Qu E9bec. The company employs stringent quality assurance and quality control protocols including certified reference standards, blanks, and duplicates inserted regularly to ensure analytical accuracy and precision. Crush rejects and pulp samples are securely stored for future verification or re-analysis in line with industry standards.
Recent Samples Shipped to Laboratory Following Core Processing
The core cutting team has completed cutting, sampling, and shipping 612 samples from drill holes R-0058, R-0059, and R-0060. IGS Laboratories received these samples the week before the announcement and has begun analysis. SAGA Metals expects to release assay results within one week of the announcement. To date, 10,340 samples have been collected in the Trapper Zone as part of the MRE drilling program.
Drilling continues efficiently, with the MRE program anticipated to conclude within weeks of the announcement. Holes R-0079 and R-0080 remain active, while logging of completed holes supports ongoing sample preparation and analysis.
Strategic Infrastructure Enhances Project Development in Southeastern Labrador
The Radar Property encompasses 690 mineral claims across nine mineral licenses, totaling approximately 24,175 hectares in southeastern Labrador, roughly 10 kilometres south of Cartwright. Key infrastructure advantages include year-round access via paved Route 510, a deep-water port at Cartwright, Cartwright Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls. A SAGA-built access trail connects parts of the property.
These infrastructure assets are critical to the Radar Project’s development potential, especially regarding North American supply security for titanium, vanadium, and iron. Subject to further exploration, resource definition, and metallurgical testing, the project could become a strategic source for these minerals. The proximity to established power, port, and transport infrastructure contrasts with the early-stage mineral resource definition.
Vanadium and Titanium Grades Rank Among Top Fifteen Intercepts in MRE Drilling
The announcement features a ranking of the top 15 intervals from the 2025 and 2026 drilling campaigns at the Trapper Zone. Notable intercepts include hole R-0009 with an 87.2-metre zone (84.4 metres true thickness) grading 50.67% Fe2O3, 10.15% TiO2, and 0.339% V2O5; hole R-0046 with a 54.0-metre intercept (43.7 metres true thickness) assaying 58.33% Fe2O3, 8.78% TiO2, and 0.415% V2O5; and hole R-0039 delivering a 52.1-metre zone (50.4 metres true thickness) averaging 58.15% Fe2O3, 7.68% TiO2, and 0.459% V2O5, the highest vanadium grade reported among the top 15.
These grades and thicknesses underscore the potential scale and quality of mineralization within the Trapper Zone and the broader oxide corridor. Consistent grades above 45% Fe2O3 across multiple holes support the prospect of a significant mineral resource. Some intercepts have reached grades as high as 72.33% Fe2O3, 13.3% TiO2, and 0.66% V2O5, illustrating the mineralization system’s upper-end potential.
Diversified Portfolio of Critical Mineral Projects Across Canada
Beyond Radar, SAGA Metals holds a diversified portfolio of critical mineral exploration projects. The 100%-owned Wolverine Heavy Rare Earth Element Project in Labrador features a near-surface REE system within a peralkaline caldera complex, geologically akin to the Tanbreez and Strange Lake deposits. Wolverine includes mineralization zones spanning 26 kilometres, with drill assays up to 2.03% total rare earth oxides (TREO) containing approximately 28% heavy rare earth oxides (HREO).
The company also owns the 100%-owned Double Mer Uranium Project covering 25,600 hectares, highlighting an 18-kilometre east-west uranium radiometric trend with a confirmed 14-kilometre section yielding samples up to 0.428% uranium. Additionally, SAGA holds the Legacy Lithium Project in Quebec’s Eeyou Istchee James Bay region, spanning 72,701 hectares with geology comparable to nearby terrains explored by Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals. SAGA’s portfolio is strategically positioned to supply critical minerals essential for North America’s clean energy transition.
