Northwire Canada EditionTuesday, November 3, 2026
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Gold 3,938.60 −0.8% Silver 49.73 −2.3% Copper 6.40 −2.5% Oil 95.91 −0.6% Palladium 931.75 −3.8% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.395 +0.0% GAL 0.345 +0.0% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.03 +2.0% DNG 5.30 +0.8% VCU 0.780 +1.3% NVX 0.950 +4.4% LOD 0.200 −9.1% OBUL 0.400 +5.3% VMXX 0.400 +9.6% TGOL 0.130 +0.0% Gold 3,938.60 −0.8% Silver 49.73 −2.3% Copper 6.40 −2.5% Oil 95.91 −0.6% Palladium 931.75 −3.8% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.395 +0.0% GAL 0.345 +0.0% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.03 +2.0% DNG 5.30 +0.8% VCU 0.780 +1.3% NVX 0.950 +4.4% LOD 0.200 −9.1% OBUL 0.400 +5.3% VMXX 0.400 +9.6% TGOL 0.130 +0.0%
Drill Results Routine +

SAGA Metals Reports Assays from R-0039 to R-0043 with Intercepts Including 51.20% FeO, 7.94% TiO, 0.340% VO from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador

Saga Metals drills high-grade Ti-V-Fe oxide at Radar, with a maiden resource estimate remaining the key catalyst for the project.

By The Northwire Desk — AI Analysis Jun 04, 2026 · 07:31 SAGA · 0.61 Saga Metals Corp.
Executive Summary
  • SAGA Metals Corp. released assay results from five new diamond drill holes (R-0039 to R-0043) at its 100%-owned Radar Titanium-Vanadium-Iron Project in Labrador.
  • The results confirm broad, high-grade oxide mineralization with consistent intercepts of Fe2O3, TiO2, and V2O5.
  • Hole R-0039 returned 110.1 m @ 47.42% Fe2O3, 5.95% TiO2, 0.354% V2O5, including 52.1 m @ 58.15% Fe2O3, 7.68% TiO2, 0.459% V2O5.
  • Hole R-0040 returned 45.1 m @ 51.20% Fe2O3, 7.94% TiO2, 0.340% V2O5.
  • Drilling progress continues efficiently, with 50 holes completed to date (11,600 meters total) and 36 holes returning assay results.
  • The company highlighted development on its Wolverine REE, Double Mer Uranium, and Legacy Lithium projects alongside the Radar updates.
  • The results reinforce geological continuity across the Trapper Zone and support the ongoing maiden Mineral Resource Estimate (MRE) expected later in 2026.
Material Impact
  • The news is consistent with the strong drilling campaign ongoing since late 2025, which has repeatedly demonstrated high-grade, thick oxide intercepts.
  • The assays are in line with previous expectations and do not introduce new surprises, but they materially validate the scale and grade continuity of the Trapper Zone.
  • The announcement is a routine positive update that maintains momentum toward the maiden MRE, which remains the primary catalyst for the stock.
  • No material change to the project's economics or strategic direction is indicated; the focus remains on resource definition and metallurgical testing.
SAGA · Price
Company Overview
  • SAGA Metals Corp. is a critical minerals exploration company focused on North American supply chains for titanium, vanadium, iron, rare earth elements, and uranium.
  • Flagship project: Radar Titanium-Vanadium-Iron Project in Labrador, Canada. The property covers 24,175 hectares and hosts the Dykes River intrusive complex, a layered mafic intrusion with extensive vanadiferous titanomagnetite (VTM) and ilmenite mineralization.
  • The project benefits from existing infrastructure, including year-round paved road access, a deep-water port at Cartwright, an airstrip, and proximity to regional hydroelectric power.
  • Additional portfolio assets include the Wolverine Heavy REE Project, Double Mer Uranium Project, Legacy Lithium Project, and North Wind Iron Ore Project.
Read the original news release →

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