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Saga Metals Corp. ( (TSE:SAGA) ) just unveiled an update.
Saga Metals Corp. reported further progress on its 2026 maiden mineral resource estimate drilling campaign at the Trapper Zone of its wholly owned Radar Titanium-Vanadium-Iron Project in Labrador. The company has now completed ten diamond drill holes totaling 2,039 metres at Trapper South, with all logged holes confirming significant oxide mineralization, including semi-massive and rhythmically layered oxides up to 111.67 metres thick.
Preliminary logging shows oxide horizons averaging around 100 metres in thickness and increasing concentrations of semi-massive oxides in the southeastern and southwestern anomalies, suggesting greater mineral continuity than earlier drilling. These results, supported by 3D magnetic inversion data, indicate roughly 700 metres of continuous oxide strike and potentially enhance the scale and quality of the emerging resource, with assays from initial holes pending and additional drill holes currently being logged and drilled.
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 efforts are directed at the Radar Titanium-Vanadium-Iron Project near Cartwright in Labrador, Canada, where it is targeting large oxide mineralized zones that could support a future mineral resource estimate and potential supply of strategic metals.
Average Trading Volume: 387,848
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$49.62M
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