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Saga Metals Corp. ( (TSE:SAGA) ) has issued an update.
Saga Metals Corp. reported its best drill results to date from the Trapper Zone at its Radar Ti-V-Fe Project in Labrador, with the first two holes of the Phase 1 mineral resource estimate program returning long, high-grade intercepts of iron, titanium and vanadium oxides. Hole R-0009 delivered 296.47 metres averaging 39.75% Fe₂O₃, 7.46% TiO₂ and 0.25% V₂O₅, while multiple high-grade layers, including a 2-metre interval grading 13.30% TiO₂, indicate a significant uplift in oxide grades compared with the earlier Hawkeye Zone drilling. The company says the results confirm the strength of the arcuate magnetic-high anomaly linking Hawkeye and Trapper and establish a step-change in grade across all three commodities, reinforcing the scale and quality potential of the Radar project and supporting its emerging position in the critical minerals space.
More about Saga Metals Corp.
Saga Metals Corp. is a North American mineral exploration company focused on the discovery of critical minerals, particularly titanium, vanadium and iron, at its Radar Ti-V-Fe Project near the port of Cartwright in Labrador, Canada. The company is advancing a series of zones within the Dykes River layered mafic intrusive complex, including the Hawkeye and Trapper zones, targeting large-scale oxide-rich mineralization along a 16 km-plus trend.
Average Trading Volume: 260,149
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$33.42M
For detailed information about SAGA stock, go to TipRanks’ Stock Analysis page.