vanadiferous titanomagnetite (VTM)

Search documents
SAGA Metals Confirms a 3 km Continuous Magnetic Anomaly in the Trapper Zone at the 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update
Globenewswireยท 2025-08-05 13:00
Core Insights - SAGA Metals Corp. has confirmed a 3 km continuous magnetic anomaly in the Trapper zone, indicating significant exploration potential [1][2][10] Geophysical Survey Findings - A ground-based magnetic survey conducted in July 2025 revealed strong magnetic responses, with readings reaching as high as 115,498 nT in the northern Trapper zone and over 113,000 nT in the southern Trapper zone [6][10] - The survey utilized a grid of N-S lines spaced 50 m apart, with observations made at stations spaced 20 m apart, mapping a distinct NW trend of magnetic highs [4][5] Trapper Zone Characteristics - The Trapper zone exhibits a strike length and width comparable to notable other projects, with a potential 20 km oxide layer strike suggested by the continuity of oxide layering [2][10] - Excavator trenching has exposed semi-massive to massive vanadiferous titanomagnetite (VTM) mineralization over a total of 504 m, confirming the magnetic responses [9][10] Project Infrastructure and Support - The Radar Titanium Project, covering 24,175 hectares, is well-supported by existing infrastructure, including road access, a deep-water port, and nearby hydroelectric power [14][15] - The project has received government support under the JEA 2025 program, with up to $143,949 in non-dilutive funding approved to offset exploration costs [17] Future Exploration Plans - A 15,000-meter drill program is planned to establish a maiden drill-indicated mineral resource, leveraging the large oxide layers and upgraded infrastructure within the Trapper zone [16] - The exploration potential of the 20 km long arcuate response of the regional aeromagnetic has been confirmed through geophysical surveys and trenching [10][19]