SAGA Metals Reports High-Grade Mineralization at Radar Project

News related to:SAGA Metals Corp · 2 min read

SAGA Metals Corp. has released additional assay results from eight diamond drill holes at its Radar Critical Minerals Project in Labrador, Canada. The results, which were part of an ongoing maiden Mineral Resource Estimate (MRE) program, continue to demonstrate the presence of high-grade oxide mineralization.

The company drilled holes R-0064 to R-0071 as part of its exploration efforts at the Trapper Zone within the 100%-owned Radar Project. These drill holes intersected oxide mineralization, including significant grades of iron oxide (Fe2O3), titanium oxide (TiO2), and vanadium oxide (V2O5).

Key highlights from the drill holes include: - Hole R-0064: 187.0 meters @ 41.61% Fe2O3, 6.07% TiO2, 0.280% V2O5 - Including 71.9 meters @ 43.47% Fe2O3, 6.60% TiO2, 0.273% V2O5 - Including 80.0 meters @ 42.62% Fe2O3, 6.03% TiO2, 0.306% V2O5 - Hole R-0065: 128.0 meters @ 46.11% Fe2O3, 6.79% TiO2, 0.326% V2O5 - Including 65.8 meters @ 49.48% Fe2O3, 7.24% TiO2, 0.373% V2O5 - Including 43.7 meters @ 42.74% Fe2O3, 7.11% TiO2, 0.230% V2O5 - Hole R-0066: 47.8 meters @ 43.53% Fe2O3, 6.03% TiO2, 0.334% V2O5 - Including 23.3 meters @ 52.52% Fe2O3, 7.58% TiO2, 0.428% V2O5 - Hole R-0067: 26.7 meters @ 50.35% Fe2O3, 7.14% TiO2, 0.410% V2O5 - Hole R-0068: 29.0 meters @ 51.26% Fe2O3, 7.47% TiO2, 0.425% V2O5 - Hole R-0069: 194.8 meters @ 18.50% Fe2O3, 3.58% TiO2, 0.071% V2O5 - Hole R-0070: 47.2 meters @ 20.49% Fe2O3, 2.18% TiO2, 0.120% V2O5 - Hole R-0071: 114.6 meters @ 35.89% Fe2O3, 5.18% TiO2, 0.223% V2O5 - Including 34.9 meters @ 46.21% Fe2O3, 7.03% TiO2, 0.314% V2O5

Michael Garagan, Chief Geologist and Director of SAGA Metals, commented, "These eight drill holes continue to provide grade consistency that validates the significance of this oxide system. The critical minerals track together, and the ore body has a uniform core and defined edges. In the heart of the Trapper Zone, we are intercepting high-grade oxide with up to 58% Fe2O3, 8% TiO2, and 0.440% V2O5 across 100 to 300 meters."

Garagan further explained, "The significance is that we've been able to define the shoulders while continuing to intersect long, continuous intervals of correlated titanium, vanadium, and iron. That is exactly what is required leading into a maiden resource. You have to define both the high-grade core and the limits of the ore body, and these holes do both."

The results from these eight drill holes continue to track the high-grade oxide system previously reported across the Trapper Zone, while also highlighting where the system is strongest and where it steps out. The company has now completed 64 diamond drill holes as part of the MRE drill program, totaling 22,432 meters, the largest drill program in the company's history.

"The maiden MRE drill program at the Trapper Zone is complete," said Garagan. "We've returned multiple holes of thick oxide core intercepts ranging from 70 to 296 meters, and certain assay intervals frequently above 45 to 58% Fe2O3, 6 to 8% TiO2, and 0.35 to 0.44% V2O5."

The company's exploration efforts at the Radar Project are focused on critical minerals, including titanium, vanadium, and iron, which are essential for various high-tech industries. The consistent mineralization and high-grade intercepts suggest a significant

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