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The latest update is out from Saga Metals Corp. ( (TSE:SAGA) ).
Saga Metals Corp. has completed its 2025 field program at the North Wind Iron Ore project in Labrador, reporting high-grade iron ore grab samples from the Sokoman Formation with Fe₂O₃ contents reaching up to 79.26%, and confirming magnetite-rich taconite ore comparable to regional deposits such as KéMag, Sheps Lake, and Perrault Lake. The company’s mapping and sampling outlined a mineralized trend extending at least 4 km with surface thicknesses of 600–700 meters and shallowly dipping units that present accessible drill targets, reinforcing the project’s potential scale and strategic positioning within the emerging development hub of the Labrador Trough, where recent third-party deals underscore growing major-miner interest in the region.
More about Saga Metals Corp.
Saga Metals Corp. is a North American mineral exploration company focused on discovering and advancing critical mineral assets, with a particular emphasis on iron ore within the prolific Labrador Trough region of eastern Canada. Its North Wind Iron Ore project in Labrador, located near Schefferville, Quebec, is a secondary but high-potential asset in the company’s portfolio, underpinned by historical NI 43-101 compliant work that identified both soft iron ores and magnetite-rich taconites.
Average Trading Volume: 261,345
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$33.42M
See more data about SAGA stock on TipRanks’ Stock Analysis page.