Saga Metals Intersects 163 Metres at 43.07% Fe₂O₃ in Trapper Zone Drilling

By Mining Hub News Desk
17 August 2026, 9:29 a.m. EDT 2 min read
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Source: Sega Metals

Saga Metals has returned broad oxide intercepts from three additional diamond drill holes at the Trapper Zone within the Radar Titanium-Vanadium-Iron Project in southeastern Labrador.

The analytical results, covering holes R-0061 to R-0063, form part of the ongoing maiden Mineral Resource Estimate drill program across the 100%-owned property, which spans approximately 24,175 hectares across nine mineral licenses.

Hole R-0061 intersected 163.0 metres averaging 43.07% Fe₂O₃, 6.19% TiO₂, and 0.293% V₂O₅ from 51.9 metres downhole, including a higher-grade interval of 92.3 metres grading 47.36% Fe₂O₃, 6.73% TiO₂, and 0.353% V₂O₅. Hole R-0062 returned 33.0 metres at 34.37% Fe₂O₃, 5.24% TiO₂, and 0.173% V₂O₅ from surface, including 14.8 metres at 40.52% Fe₂O₃, 6.38% TiO₂, and 0.217% V₂O₅. Hole R-0063 intercepted 98.9 metres at 28.51% Fe₂O₃, 4.01% TiO₂, and 0.157% V₂O₅.

“These latest results, highlighted by the significant 163-metre intercept in hole R-0061 averaging 43.07% Fe₂O₃, 6.19% TiO₂ and 0.293% V₂O₅, continue to demonstrate the impressive continuity and consistency of oxide mineralization across the Trapper Zone. We are now just one drill hole away from completing the planned MRE drill program. Given the massive intercepts of semi-massive oxide encountered in Trapper North, management decided to add two additional holes (R-0091 & R-0092) to the program to collect critical structural data that will further strengthen the resource model. We remain highly encouraged by the scale and quality of the mineralization as we advance toward our maiden Mineral Resource Estimate.”

— Michael Garagan, CGO & Director

With the ongoing campaign nearing completion, the company is finishing its final drill holes, R-0091 and R-0092, to conclude the resource definition drilling at Trapper.

Read the full announcement: SAGA Metals Reports Assays from R-0061 to R-0063 with Intercepts Including 47.36% Fe2O3, 6.73% TiO2, 0.353% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador