SAGA Metals Corp. (TSXV: SAGA | OTCQX: SAGMF | FSE: 20H) has released assay results from six additional diamond drill holes at the Trapper Zone of its 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador. The standout result, hole R-0085, returned 495.6 metres at 37.86% Fe2O3, 5.51% TiO2, and 0.273% V2O5, including a high-grade interval of 68.2 metres at 52.95% Fe2O3, 8.57% TiO2, and 0.381% V2O5. The results bring total assays received to 80 drill holes from the company's maiden Mineral Resource Estimate programme, the largest drill programme in the company's history at 22,432 metres total.

Key Points

  • SAGA Metals Corp. (TSXV: SAGA | OTCQX: SAGMF | FSE: 20H)
  • Hole R-0085 intersected 495.6 m at 37.86% Fe2O3, 5.51% TiO2, and 0.273% V2O5 at the Trapper Zone, Radar Project, Labrador
  • Maiden MRE programme completed at 22,432 metres across 85 holes; final assays from holes R-0088 to R-0092 expected within the next week of announcement
  • Investors may be watching for the maiden NI 43-101 Mineral Resource Estimate to be completed by GeoGlobal LLC

Exceptional Intercepts Across Six New Trapper Zone Drill Holes

Assay results from holes R-0082 through R-0087 continue the pattern of broad, consistent oxide mineralisation across the Trapper Zone. Hole R-0084 returned 80.9 metres at 36.58% Fe2O3, while hole R-0087 delivered 43.1 metres at 46.24% Fe2O3 and 7.87% TiO2. Hole R-0085 stands out with a 408.5-metre total oxide zone — 275.6 metres of semi-massive and 132.9 metres of rhythmic layering oxide — giving it a true thickness of 284.2 metres. The company's chief geoscience officer stated that cross-section N11 now shows two thick, overlapping cuts through the same layered system, citing R-0072's previously reported 470-metre intercept alongside R-0085.

Trapper Zone Drilling Programme Scale and Continuity

The maiden MRE diamond drill programme, initiated in Q4 2025 and completed in August 2026, totalled 22,432 metres across 85 holes, making it the largest drill programme in SAGA's history. Every drill hole completed has intersected oxide mineralisation, supporting the interpretation of a large layered mafic intrusion hosting vanadiferous titanomagnetite and ilmenite. The oxide-bearing lopolith at the Radar Project covers 29 square kilometres and encompasses the Trapper, Falcon, and Hawkeye zones. Bench-scale testing has previously confirmed recoveries of up to 90.8% titanium, 97.4% vanadium, and 91.5% iron using Temas' proprietary RCL technology, the company disclosed.

Maiden Mineral Resource Estimate Now in Preparation

With assays from the MRE programme now substantially received, SAGA has engaged GeoGlobal LLC to complete an independent NI 43-101 mineral resource estimate and technical report for the Trapper Zone. The company states that oriented core, detailed lithological logging, oxide-layering measurements, and structural interpretations have been completed to support three-dimensional geological and resource modelling. Final assay results from drill holes R-0088 to R-0092 were expected to be released within the next week of the announcement date. The immediate share price impact was not clear from available public information.