Workflow
Critical Mineral Exploration
icon
Search documents
SAGA Metals Provides Update on MRE Drilling Program at Trapper South, Radar Critical Minerals Project in Labrador
Globenewswire· 2026-02-12 12:30
Core Insights - SAGA Metals Corp. has completed seven diamond drill holes at the Trapper Zone, confirming oxide mineralization in all logged holes, with a total of 1,244 meters drilled in less than two weeks [1][3][14] Drilling Program Highlights - The drilling program commenced in late January 2026, targeting the southeastern oxide anomaly in Trapper South, with notable intercepts including 111.67 meters of oxide in hole R-0018 and 90.08 meters in R-0017 [3][5] - The drill rig has now moved to the southwestern oxide anomaly, with the eighth hole (R-0023) currently being drilled [5][14] - The drilling has demonstrated extensive rhythmic oxide layering and semi-massive mineralization, consistent with previous high-grade results from Trapper North [5][14] Drill Hole Summary - Significant oxide intercepts were recorded across the completed holes, with R-0016 to R-0022 showing intercepts ranging from 58 meters to 111.67 meters, predominantly semi-massive oxide [5][7] - The drilling strategy involved twinning holes to better define oxide intercepts and structures, enhancing the understanding of the mineralization [10][14] Project Overview - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with geological mapping confirming oxide layering across more than 20 kilometers of strike length [19][26] - The project is strategically positioned to supply titanium, vanadium, and iron to North American markets, with exceptional grades reported, including up to 64.55% Fe, 13.3% TiO2, and 0.66% V2O5 [21][22] Upcoming Events - SAGA Metals will participate in the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto from March 1-4, 2026, providing an opportunity for investor engagement [25]
GoldHaven Confirms Anomalous Tungsten at Kuhn and Dead Goat and Identifies New Tungsten Zone at Vines Lake with up to 6,550 ppm W, Magno Property
Globenewswire· 2026-01-14 13:30
Core Insights - GoldHaven Resources Corp. has reported significant tungsten assay results from its 2025 surface exploration program at the Magno Property, confirming historical mineral occurrences and identifying new tungsten zones [1][3][14] Exploration Results - Anomalous tungsten mineralization has been confirmed at the historical Kuhn and Dead Goat showings, validating previous data, and a new tungsten occurrence has been identified at the Vines Lake showing, with the highest-grade sample returning 6,550 ppm tungsten [3][6][15] - The exploration program has defined approximately 1.3 kilometers of anomalous tungsten mineralization at the Kuhn target, indicating district-scale potential for tungsten and critical minerals [6][13] Geological Context - Tungsten is recognized as a critical mineral due to its unique properties and is essential for various industrial applications, highlighting the strategic importance of the Magno Property in North America [4] - The mineralization at Kuhn and Dead Goat occurs within structurally controlled skarns, consistent with tungsten-bearing systems, and field mapping has identified a previously unrecognized skarn zone with a stronger zinc association [7][9] Project Overview - The Magno Project spans 36,973.29 hectares in the Cassiar region of British Columbia, benefiting from excellent infrastructure and proximity to established mining operations [17][18] - The project is strategically located near mineral claims held by other operators, enhancing its logistical advantages for future development [18] Future Plans - The company plans to advance priority targets, including the Magno and D Zones, and the newly identified Vines Lake showing, towards detailed targeting and future drill planning [14][15]
SAGA Metals Reports Strongest Critical Mineral Drill Results To-Date at Radar Ti-V-Fe Project in Labrador
Globenewswire· 2026-01-05 12:30
Core Insights - SAGA Metals Corp. has reported the first assay results from the Trapper Zone following the completion of the 2025 Phase of the Mineral Resource Estimate drill program, indicating significant mineralization potential [1][3] Assay Highlights - The initial results from the first two drill holes (R-0008 and R-0009) show substantial intercepts of semi-massive and massive oxide, marking the best results on the Radar property to date [3][6] - Hole R-0008 yielded 269.36 m with 36.21% Fe₂O₃, 6.57% TiO₂, and 0.244% V₂O₅, while Hole R-0009 produced 296.47 m with 39.75% Fe₂O₃, 7.46% TiO₂, and 0.25% V₂O₅ [6][12] Comparative Analysis - The assay results from the Trapper Zone show a significant increase in oxide concentrations compared to the Hawkeye Zone, with Fe₂O₃ increasing by 124%, TiO₂ by 105.90%, and V₂O₅ by 36.90% [6][11] - The best full hole metrics for Trapper Zone are 39.75% Fe₂O₃, 7.46% TiO₂, and 0.250% V₂O₅, compared to Hawkeye's best of 17.75% Fe₂O₃, 3.62% TiO₂, and 0.183% V₂O₅ [7][11] Geological Context - The drilling targeted a strong magnetic anomaly identified in the 2025 ground geophysical survey, which traces the shape of an apparent fold structure [12][15] - The Trapper Zone is part of the Radar Property, which spans 24,175 hectares and hosts the Dykes River intrusive complex, indicating a unique geological position among Western explorers [16][22] Future Plans - The company anticipates receiving the next set of assay results by mid-January, with plans to initiate the 2026 phase of the MRE drill program at the Trapper Zone [12][13]
SAGA Metals Completes Annual Work Program at North Wind Iron Ore Project & Provides Corporate Update
Globenewswire· 2025-12-30 13:00
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]
SAGA Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Globenewswire· 2025-11-12 22:51
Core Viewpoint - SAGA Metals Corp. has announced a private placement offering to raise between C$3,000,000 and C$5,000,000 to fund exploration activities and general corporate purposes, particularly focusing on its properties in Labrador, Canada [1][4]. Group 1: Offering Details - The private placement will consist of Units, Flow-Through Units (FT Units), and Charity FT Units, with each Unit priced at C$0.44, FT Units at C$0.50, and Charity FT Units at C$0.66 [8]. - Each Unit will include one common share and one warrant, while FT Units and Charity FT Units will consist of a flow-through share and one warrant [2][3]. - The offering is expected to close on December 5, 2025, subject to regulatory approvals [9]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Company's properties in Labrador, including the Radar Project, and for working capital [4]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses related to critical mineral mining [5]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security [11]. - The company’s Radar Titanium Project spans 24,175 hectares and has confirmed significant mineralization, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium samples [11][12]. - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [12][13].
Maxus Mining Partners with Palliser Exploration and Commences Project Evaluation of Four Critical Minerals Properties
Globenewswire· 2025-09-23 12:00
Core Viewpoint - Maxus Mining Inc. has launched a 2025 exploration partnership with Palliser Exploration Ltd. to advance its four critical minerals projects in British Columbia, Canada [1][2][3]. Project Summaries Quarry Project - The Quarry Project spans 2,632 hectares and is located approximately 46 kilometers northwest of Germansen Landing. Historical sampling has shown high-grade potential with assays of 20% Sb, 0.89 g/t Au, 3.8% Cu, 42.5% Pb, and 0.65 g/t Ag [5][6][26]. - The site has reliable year-round access, facilitating ongoing exploration initiatives [5]. Hurley Project - The Hurley Project consists of two blocks located near Gold Bridge, with significant historical gold production in the area. Soil sampling indicates a strong geochemical correlation between gold and associated elements [6][8]. - The Hurley East Block has reported high-grade intervals, including 19.2% Sb and 2.16 g/t Au over 0.5m from nearby drilling campaigns [7][9][26]. - The Hurley West Block features quartz-calcite veins with an average grade of 8.9% antimony [11]. Lotto Project - The Lotto Tungsten Project covers 426 hectares and is located in a mineral-rich district. It contains scheelite mineralization with a historical sample returning 10.97% WO3 [12][13][26]. Alturas Project - The Alturas Project includes two claim blocks with strong potential for antimony, silver, and gold. Recent discoveries have shown ultra-high-grade antimony with assays up to 69.98% Sb [14][16][26]. - The Alturas East property is near the Highland Surprise Mine, with historical surface sampling revealing grades of 6.56 ounces per ton Ag, 0.95% Cu, 3.90% Pb, and 9.32% Zn [18]. Company Overview - Maxus Mining Inc. is focused on locating, acquiring, and developing economic mineral properties in premier jurisdictions, with a portfolio of approximately 14,989 hectares across various projects [24].
Callinex Mines Inc. Receives $150,000 Grant and Additional Exploration Permits for Point Leamington Project, Newfoundland
Globenewswire· 2025-07-15 12:30
Core Insights - Callinex Mines Inc. has received a grant of up to $150,000 from the Newfoundland and Labrador Junior Exploration Assistance (JEA) Program for its Point Leamington Project, which is 100% owned by the company [2][8] - The company has also secured additional exploration permits for the Point Leamington Project, which includes a significant resource of gold, copper, zinc, and silver [2][4] - The rapid approval of permits, granted just two weeks after submission, highlights Newfoundland's reputation as a mining-friendly jurisdiction [3][8] Company Developments - The JEA grant will support Callinex's 2025 exploration plans, focusing on critical minerals and expanding the resource base of the Point Leamington Deposit [3][6] - The Point Leamington Project has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq, and an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [4][8] - The planned exploration campaign will utilize a two-year exploration permit for ground geophysics and diamond drilling, along with newly approved permits for surface field exploration [5][8] Industry Context - The JEA Program's financial support and efficient permitting process reflect Newfoundland and Labrador's commitment to fostering exploration and development of critical mineral resources [6][8] - Callinex Mines is positioned in one of the richest VMS and Gold Districts in Canada, enhancing its potential for significant mineral discoveries [9]
Glenstar Minerals Stakes 45 Claims in Mineral County, Nevada, and Initiates Direct Marketing Awareness Campaign
Newsfile· 2025-05-08 12:35
Core Viewpoint - Glenstar Minerals Inc. has staked 45 mineral claims in Mineral County, Nevada, covering 900 acres, and is initiating a marketing campaign to raise awareness about its exploration projects [1][8]. Group 1: Mineral Claims and Geological Assessment - The newly staked claims, known as the Wildhorse Claims, have historical workings dating back to the late 1800s and early 1900s, with the last staking occurring in 2011 [3]. - Preliminary geological assessments indicate the presence of east-dipping mineralized zones, with initial field examinations revealing a quartz veinlet zone containing over 1 gram per ton of gold, 1% copper, and 6,100 ppm of antimony [3]. - Additional areas of exposed copper mineralization were identified, suggesting multiple targets for further exploration [4]. Group 2: Geological Complexity and Economic Opportunity - The geology of the area is complex, featuring folded and faulted Paleozoic age rocks, with an intrusive mass of rhyolite located near known mineralization [5]. - The potential for discovering a large, well-mineralized skarn system exists, which can be effectively explored using various electric geophysical methods [6]. Group 3: Exploration Plans - The work program at Wildhorse will commence with detailed dry stream bed sediment sampling, followed by geological mapping and rock chip sampling, leading to a comprehensive geophysical survey to define drill targets [7]. Group 4: Marketing and Awareness Campaign - Glenstar has engaged Think Ink Marketing for a one-month marketing campaign, with a fee of USD $50,000 for the first month, aimed at updating stakeholders and introducing the company to a broader audience [8]. Group 5: Company Overview - Glenstar Minerals Inc. focuses on polymetallic minerals, which are critical for manufacturing electronics and energy technologies, and aims to explore and develop mineral properties in North America and globally [10]. - The company trades on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [11].