Northwire Canada EditionMonday, August 10, 2026
Northwire
QCX 0.260 +18.2% LOD 0.370 −5.1% SSE 0.090 +0.0% GEMG 1.85 +10.1% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.87 +9.4% NBY 0.080 −15.8% HBM 38.66 +0.6% SAGE 0.160 +10.3% NIM 0.760 +2.7% XTM 0.065 +0.0% SCD 0.225 +15.4% LXE 0.180 +24.1% SIG 1.01 +3.1% NOBL 0.105 +5.0% QCX 0.260 +18.2% LOD 0.370 −5.1% SSE 0.090 +0.0% GEMG 1.85 +10.1% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.87 +9.4% NBY 0.080 −15.8% HBM 38.66 +0.6% SAGE 0.160 +10.3% NIM 0.760 +2.7% XTM 0.065 +0.0% SCD 0.225 +15.4% LXE 0.180 +24.1% SIG 1.01 +3.1% NOBL 0.105 +5.0%
Drill Results

SAGA Metals Mobilizes Final Team for Major Drill Program at Radar Project in Labrador, Targeting Maiden Mineral Resource Estimate & Provides Corporate Update

SAGA · Price

Executive Summary

  • SAGA Metals confirms full mobilization of crews and equipment for a major 15,000 m diamond drill program at the Radar Ti‑V‑Fe Project, with drilling to start in early November.
  • Phase 1 will target 1,500–2,500 m across 6–10 holes (≈250 m each) before the December break, aiming to expand oxide mineralization and support a maiden mineral resource estimate (MRE) in 2026.
  • The company entered a short‑term ($100,000 cash) Investor Relations marketing agreement with Think Ink effective November 1, 2025.

Key Details

  • Drill Program Scope: Planned 15,000 m total; Phase 1 – 1,500–2,500 m in 6–10 holes (≈250 m depth each) before December break.
  • Objectives:
  • Test grade continuity over a 3 km strike length.
  • Evaluate oxide layer widths and continuity to ~200 m depth.
  • Integrate structural data from trenching into drill design.
  • Conduct metallurgical sampling of Hawkeye and Trapper zone cores during winter.
  • Timeline: Mobilization completed; drilling commencement early November 2025; December break after Phase 1; full 15,000 m grid slated for 2026 to underpin maiden MRE.
  • Equipment & Personnel: Duralite 800 drill (Gladiator Drilling) fully serviced and loaded; camp infrastructure (core shack, cutting shack, logging facility, kitchen trailer) in place at Cartwright.
  • Previous Successes Referenced:
  • Hawkeye Zone 2025 program – 2,209 m across seven holes intersected consistent TiO₂, V₂O₅ and Fe grades.
  • Ongoing petrographic/mineralogical studies confirm favorable magmatic textures for processing.
  • Project Scale: Radar property covers 24,175 ha; hosts the entire 160 km² Dykes River intrusive complex with >20 km of oxide layering trend.
  • Strategic Positioning: Potential domestic source of Ti, V, and high‑grade Fe for defense, aerospace, renewable‑energy storage, and advanced steel markets.
  • Investor Relations Agreement:
  • Service provider: Think Ink Marketing Data & Email Services.
  • Cash consideration: USD 100,000.
  • Initial term: 31 days (Nov 1–30 2025) with option to renew in successive 31‑day periods.
  • No securities issued; Think Ink holds no equity interest.
  • Qualified Person: Paul J. McGuigan, P.Geo., NI 43‑101 Qualified Person reviewed and approved technical information.

Notable Quotes

“The final team members mobilizing and the Gladiator drill rigs ready for the Trapper Zone put us on the cusp of transforming Radar from discovery to resource.” – Michael Garagan, CGO & Director, SAGA Metals Corp.

“We are incredibly privileged and excited about being part of the team with Saga Metals and drilling the Trapper zone at the Radar Project.” – Josh Blundell, CEO, Gladiator Drilling.

Read the original news release →

More from Saga Metals Corp.