SAGA Metals Reports Significant Drill Results at Radar Project
News related to:SAGA Metals Corp · 2 min read
SAGA Metals Corp., a North American exploration company focused on critical mineral discoveries, has announced significant assay results from its maiden Mineral Resource Estimate (MRE) diamond drill program at the Trapper Zone within the Radar Critical Minerals Project in Labrador, Canada. The project, which covers 29 square kilometers and includes the Trapper, Falcon, and Hawkeye zones, has shown promising mineralization.
The company's latest drill holes, R-0072, R-0073, and R-0074, have delivered consistent broad intercepts of oxide mineralization. The most notable result is from hole R-0072, which returned 470 meters of mineralization at 36.72% Fe2O3, 5.40% TiO2, and 0.245% V2O5. This includes a 69.2-meter interval at 51.03% Fe2O3, 8.55% TiO2, and 0.334% V2O5, highlighting the potential for thick, high-grade mineralization.
Michael Garagan, Chief Geologist and Director of SAGA Metals, commented on the significance of these results. "Trapper North is continuing to show us the heart of this system and the importance of these intercepts as they are outlaid together across the cross sections. The length of the intercepts, combined with the consistent chemistry, sets the stage for a robust maiden mineral resource estimate."
The drill holes R-0072, R-0073, and R-0074 were drilled on cross-sections N11, T04, and N08, respectively, with varying azimuths and dips. Detailed logging highlights from these holes reveal the presence of oxide zones, including semi-massive and rhythmic layering. The oxide zones in hole R-0072, for example, are 342.1 meters long, with a true thickness of 241.9 meters, consisting of 255.9 meters of semi-massive oxide and 86.2 meters of rhythmic layering.
The maiden MRE drill program, which totals 22,432 meters, has now completed 67 diamond drill holes. The results from the first 64 holes have already shown multiple significant oxide intercepts, with certain assay intervals frequently above 45-58% Fe2O3, 6-8% TiO2, and 0.35-0.44% V2O5. The company has engaged GeoGlobal LLC to complete the independent NI 43-101 mineral resource estimate and technical report.
The Radar Critical Minerals Project is well-serviced by infrastructure, including road access, a deep-water port at Cartwright, and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls. The project encompasses a lopolith covering 29 square kilometers and hosts the Trapper, Falcon, and Hawkeye zones, which have consistently returned high grades of titanium, vanadium, and iron across significant true widths.
SAGA Metals' ongoing exploration efforts at the Radar Critical Minerals Project continue to demonstrate the potential for a significant mineral resource. The company's next steps will involve further analysis of the remaining 3,088 samples from drill holes R-0075 to R-0092, with the goal of releasing the assay results within the next 2-3 weeks.