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Saga Metals Corp. ( (TSE:SAGA) ) has provided an announcement.
Saga Metals has reported new assay results from three additional diamond drill holes at the Trapper South area of its Radar Titanium-Vanadium-Iron Project in Labrador, with broad intercepts grading up to 53.18% Fe₂O₃, 7.08% TiO₂ and 0.414% V₂O₅. The company has now received results from eight holes drilled in 2026, many showing thick oxide zones with strong head grades, supported by excellent core recovery and consistent semi-massive to massive oxide mineralization across the Trapper Zone.
In total, 30 holes have been completed this year in the Trapper Zone, with drilling now exceeding 8,100 metres and visual observations indicating rhythmic banding and continuity between Trapper South and Trapper North. Management says the consistent grades and geometry of the oxide system provide a robust foundation for metallurgical testing and resource modelling, underpinning progress toward a maiden mineral resource estimate in 2026 and potentially de-risking the project for future economic evaluation.
More about Saga Metals Corp.
Saga Metals Corp. is a North American mineral exploration company focused on discovering and advancing critical mineral deposits. Its primary work targets titanium, vanadium and iron oxides, with current efforts centred on the wholly owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, a region positioned to benefit from growing demand for critical metals.
Average Trading Volume: 323,350
Technical Sentiment Signal: Buy
Current Market Cap: C$37.19M
Learn more about SAGA stock on TipRanks’ Stock Analysis page.