Northwire Canada EditionSaturday, August 1, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Production / Operations

Saga Metals identifies anomaly at Radar

SAGA · Price

Executive Summary

  • Saga Metals confirmed a continuous 3 km magnetic anomaly in the Trapper zone of its 100% owned Radar Titanium property, indicating a large oxide‑bearing titanomagnetite system comparable to the Hawkeye zone.
  • Ground trenching exposed over 504 m² of semi‑massive to massive vanadiferous titanomagnetite mineralization, supporting the interpretation of a ≥20 km strike‑length oxide layer.
  • The company entered into new investor‑relations and digital‑marketing service agreements (total cash consideration up to US$200,000) to enhance market awareness.

Key Details

  • Geophysical Survey: Conducted July 2025 using two GSM‑19 magnetometers; grid of N‑S lines spaced 50 m, stations every 20 m. Magnetic highs reached 115,498 nT (north Trapper) and >113,000 nT (south Trapper), with some readings at the instrument’s maximum detection limit (120,000 nT).
  • Trench Excavation: Three perpendicular trenches opened by Gladiator Drilling’s 25‑tonne excavator; cumulative exposed area 504 m² (5,425 ft²) of semi‑massive to massive VTM mineralization.
  • Access Development: Completed a 4 km access trail along the Trapper zone core to support upcoming drill programs.
  • Exploration Implication: Combined magnetic and trenching data suggest the Trapper zone mirrors the Hawkeye zone, confirming a potential 20 km‑long oxide layer and justifying a planned 15,000 m drill program aimed at achieving a maiden mineral resource estimate.
  • Government Support: Letter of intent approved under the JEA 2025 program; up to CAD 143,949 in non‑dilutive funding already secured.
  • Investor Relations Agreement (IR): Signed 4 Aug 2025 with Dig Media Inc./Investing News Network (INN); cash consideration US$100,000 payable upon execution; term 12 months, services include news release republication, banner ads, email blasts, sponsored content, and CEO interviews.
  • Digital Marketing Agreement: Engaged Think Ink for a three‑month digital marketing campaign; budget up to US$100,000, payable in monthly installments; termination with 30‑day notice; any unspent funds returned upon termination.
  • Qualified Person: Paul J. McGuigan, PGeo (NI 43‑101 qualified) reviewed and approved all technical information disclosed.

Notable Quotes

“These geophysical findings further validate the importance of the team’s estimate that a 15,000‑metre drill program can get us to our maiden drill‑indicated mineral resource… we can fast‑track development and create meaningful value to shareholders in the near term at the Radar project.” – Michael Garagan, CGO & Director, Saga Metals Corp.

Read the original news release →

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