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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]
SAGA Metals Reports First Drill Hole at Trapper North Zone of Radar Property Intercepts Extensive Oxide
Globenewswire· 2025-11-18 13:00
Core Insights - SAGA Metals Corp. has completed the first drill hole (R-0008) of its 2025-2026 drill program at the Trapper Zone of the Radar Titanium-Vanadium-Iron Project, indicating significant mineralization potential [1][6][10] Drill Program Details - The drilling employs oriented NQ core to gather detailed structural data, utilizing specialized survey tools to model geological features [3] - The program focuses on 100-meter-spaced section drilling across TMI magnetic-high anomalies identified in the 2025 summer field program [3] Drill Hole R-0008 Findings - Drill hole R-0008 intercepted 156 meters of semi-massive to massive oxide layering, with oxide content ranging from 35% to 90% [6][7] - The hole provided valuable insights into the structural geometry of the igneous layering, including localized mylonitic shearing and faulting [6][7] Ongoing and Future Drilling - The second drill hole (R-0009) is currently active at a depth of 200 meters, expected to add further data on the oxide layering [7] - The drilling campaign aims to establish a maiden mineral resource estimation, with plans for a 15,000-meter diamond drilling program [12][13] Geological Context - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with geological mapping confirming oxide layering over more than 20 kilometers [9] - The vanadiferous titanomagnetite mineralization at Radar is comparable to global Fe–Ti–V systems, positioning the project as a potential strategic supplier for North American markets [10] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for North America's supply security, with a diverse portfolio including the Radar Titanium Project and the Double Mer Uranium Project [18][19][20]