SAGA Metals Completes Annual Work Program at North Wind Iron Ore Project & Provides Corporate Update

Core Insights - SAGA Metals Corp. has announced positive results from its follow-up field program at the North Wind Iron Ore project, indicating significant potential for iron ore exploration in Labrador, Canada [1][3][15] Project Overview - The North Wind Iron Ore property is located 16 kilometers southwest of Schefferville, Quebec, within the resource-rich Labrador Trough, known for its world-class iron ore deposits [3] - The property spans 6,375 hectares across 255 claim blocks and includes a historical resource estimate compliant with NI 43-101, completed in 2013 [8] Field Program Highlights - The 2025 field program involved the collection of 38 rock samples, with 17 samples exceeding 30% Fe₂O₃, and the highest sample returning 79.26% Fe₂O₃ from the Middle Iron Formation [9][12] - The program confirmed the presence of high-grade iron ore potential, with iron content in grab samples from the Sokoman Formation reaching as high as 84.57% Fe₂O₃ [6][17] Mineralization and Geological Insights - Extensive mineralization was identified over a 4 km NW-SE trend, with surface thickness ranging between 600 and 700 meters, indicating the project's potential scale [6] - The geological framework includes significant iron ore types, with historical exploration data showing an average of 20.74% Total Fe over 590 meters drilled [8] Analytical Techniques - Davis Tube Magnetic Separation techniques were employed to analyze the samples, confirming the presence of magnetite-rich taconite ore and providing robust measurements of magnetite content [13] - Results from these tests indicate favorable comparisons to historical deposits in the region, which reported 20%–34% Davis Tube Weight Recovery [13] Corporate Developments - The company has entered into a marketing services agreement with Machai Capital Inc. to enhance investor awareness and communication, with a fee of C$400,000 over a 120-day term [22][23] - The agreement is subject to approval by the TSX Venture Exchange [24]