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Saga Metals Corp. ( (TSE:SAGA) ) has issued an announcement.
Saga Metals has reported strong early results from the 2026 phase of its maiden mineral resource estimate drilling at the Trapper Zone of the Radar Titanium-Vanadium-Iron Project in Labrador. The company has completed seven diamond drill holes totaling 1,244 meters at the Trapper South southeastern oxide anomaly, all of which encountered significant oxide mineralization, including broad semi-massive zones and extensive rhythmic layering that mirror previously reported high-grade zones in Trapper North.
Key intercepts include 111.67 meters of oxide in hole R-0018 and 90.08 meters in R-0017, while twinned holes such as R-0016 and R-0017 are being used to improve structural confidence and refine the geometry of the oxide units. With logging of holes R-0021 and R-0022 in progress and a new hole, R-0023, now testing the southwestern anomaly, the program is systematically expanding along strike and could strengthen Saga’s resource definition efforts and project scale, potentially enhancing the project’s profile in the critical minerals sector.
More about Saga Metals Corp.
Saga Metals Corp. is a North American mineral exploration company focused on discovering and advancing critical minerals, with a primary emphasis on titanium, vanadium and iron. The company’s flagship asset is the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright in Labrador, Canada, where it is working to define a maiden mineral resource and expand high-grade oxide zones.
Average Trading Volume: 356,831
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$48.11M
For an in-depth examination of SAGA stock, go to TipRanks’ Overview page.