SAGA Metals Drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 Including 68.2 m at 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5 at Radar Critical Minerals Project in Labrador
Saga’s 495.6 m drill hole confirms the known system at its project, marking the longest hole to date.
Saga Metals Corp. (SAGA) has released assay results from six diamond drill holes (R-0082 to R-0087) as part of the maiden Mineral Resource Estimate (MRE) program at the Trapper Zone of its Radar Ti-V-Fe Project in Labrador.
The reported intercepts include: - R-0085: 495.6 m @ 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 (oxide zone from 10.1 m; 408.5 m logged width; true thickness 284.2 m). - R-0085 "including" (non-additive, overlapping): 14.9 m @ 52.75% Fe2O3, 8.35% TiO2, 0.437% V2O5; 203.2 m @ 44.75% Fe2O3, 6.77% TiO2, 0.336% V2O5; 68.2 m @ 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5; 89.0 m @ 43.36% Fe2O3, 6.39% TiO2, 0.328% V2O5; 16.9 m @ 45.84% Fe2O3, 6.74% TiO2, 0.377% V2O5. - R-0084: 80.9 m @ 36.58% Fe2O3, 6.07% TiO2, 0.201% V2O5 (true thickness 64.5 m). - R-0087: 43.1 m @ 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5 (true thickness 45.3 m). - R-0086: 46.3 m @ 42.44% Fe2O3, 6.77% TiO2, 0.286% V2O5 (true thickness 47.8 m). - R-0082: 51.8 m @ 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5 (true thickness 58.4 m). - R-0083: 25.8 m @ 41.89% Fe2O3, 7.27% TiO2, 0.295% V2O5 (true thickness 76.0 m).
The maiden MRE program is now complete, totaling 22,432 m across 85 holes. Assays have been received for 80 holes, with the final five (R-0088 to R-0092) expected within the week. GeoGlobal LLC has been engaged to prepare the independent NI 43-101 resource estimate. Additionally, bench RCL metallurgy results have been recapped, showing recoveries of Ti up to 90.8%, V at 97.4%, and Fe at 91.5%.
Saga Metals Corp. (SAGA) has advanced its mineral resource estimate dataset with 80 to 85 holes completed, delivering the best whole-hole result to date. However, the scale of the system—a 29 km² lopolith with 400-500 m intercepts across multiple sections—was already demonstrated by R-0072 and R-0075 in September 2026. The new data does not establish a new zone, a new depth, or a step change in contained metal.
The stock has round-tripped to its 52-week low, meaning the market is not paying for repetition.
SAGA remains a pre-resource explorer with no revenue. Prior-period context shows a Q1-2026 net loss of C$1.0M, operating cash flow of -C$1.78M, and total equity of C$7.75M as of 2025-10-31. At this stage, a discovery or a genuinely new dimension would be highly material, whereas a confirmation hole is not. The real catalysts remain the maiden NI 43-101 mineral resource estimate, expected in Q4 2026, and the preliminary economic assessment, expected in 2027.
Saga Metals Corp. (TSXV: SAGA; OTCQX: SAGMF; FSE: 20H) is a pre-revenue critical-minerals explorer operating in Tier-1 Canadian jurisdictions. The company holds 100% interest in the Radar Ti-V-Fe project, a 24,175-hectare property located approximately 10 km south of Cartwright, Labrador. The property encloses the approximately 160 km² Dykes River Intrusive Complex and a 29 km² oxide lopolith containing the Trapper, Falcon, and Hawkeye deposits. Historically, 24,641 meters have been drilled on the property, with 22,432 meters completed as part of a maiden mineral resource estimate program. The site features road, deep-water port, hydro, and airport access, though no resource is currently defined.
The company also owns the Wolverine Heavy Rare Earth Elements (HREE) project, covering approximately 294.5 km² of the peralkaline Flowers River suite. Historic reverse circulation drilling returned grades up to 2.03% total rare earth oxides (TREO), representing approximately 24-28% heavy rare earth oxides (HREO), while grab samples have yielded up to 21.6% TREO. A first diamond drilling program is currently underway.
Saga Metals holds 100% of the Double Mer Uranium project, comprising 25,600 hectares along an 18 km radiometric trend, where surface samples have returned up to 0.428% U3O8. Additionally, the company retains 100% interest in the Legacy Lithium project, spanning 72,701 hectares in the Eeyou Istchee James Bay region of Quebec. The company previously sold its North Wind iron project to Orion Iron in exchange for 4 million Orion shares, a board seat, and a 2% gross overriding royalty rate (GORR).
Prior-period context indicates the company generated no revenue, reporting a Q1-2026 net loss of C$1.0 million. Cash holdings stood at C$1.96 million as of October 31, 2025, prior to a C$6 million financing in December 2025 and a C$10.2 million financing in May 2026.