Saga Metals Intersects 118 Metres at 39.10% Fe2O3 in Latest Radar Drilling

By Mining Hub News Desk
10 August 2026, 10:45 a.m. EDT 2 min read

Saga Metals Corp. has intersected broad oxide mineralization in three additional diamond drill holes at the Trapper Zone within the Radar project in Labrador, led by Hole R-0060 returning 118.0 metres grading 39.10% Fe2O3, 5.32% TiO2, and 0.269% V2O5.

The latest analytical results from holes R-0058 to R-0060 form part of the ongoing maiden Mineral Resource Estimate diamond drill program at the property. Hole R-0060 included a higher-grade internal interval of 51.8 metres grading 43.86% Fe2O3, 6.10% TiO2, and 0.317% V2O5 beneath Hole R-0059. Hole R-0059 delivered 55.2 metres at 32.77% Fe2O3, 4.67% TiO2, and 0.176% V2O5, while Hole R-0058 returned 17.5 metres at 23.48% Fe2O3, 4.31% TiO2, and 0.252% V2O5.

"The results from holes R-0058 to R-0060 continue to confirming the continuity of oxide mineralization with consistent grades of titanium, vanadium and iron across the Trapper Transition between Trapper North and Trapper South (Figure 4). These intercepts effectively link the two massive units and further firm up the geological model that underpins our maiden Mineral Resource Estimate."

— Michael Garagan, CGO & Director

To date, Saga has completed 79 holes totaling 20,352 metres across the Trapper Zone, leaving just two holes remaining to finish the current drill program. Core recovery across the drilling has remained consistently above 95%, providing representative samples that support ongoing metallurgical test work alongside resource modeling.

The company anticipates receiving assay results for drill holes R-0061, R-0062, and R-0063 from IGS Laboratories within a week of the announcement, following the delivery of 699 core samples to the Montreal facility.

Alongside the exploration update, Saga expanded its advisory team by appointing Tim Mizuno to its Board of Advisors. Mr. Mizuno brings over two decades of mining sector experience spanning corporate strategy, project development, commercial negotiations, and financing initiatives to guide the company through its next stages of technical development.

Read the full announcement: SAGA Metals Reports Assays from R-0058 to R-0060 with Intercepts Including 43.86% Fe2O3, 6.10% TiO2, 0.317% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador and Adds to Its Advisory Board