SAGA Metals Reports Assays from R-0021 to R-0023 with Intercepts Including 53.18% Fe2O3, 7.08% TiO2, 0.414% V2O5 from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals hits high-grade oxide consistency at Radar as it marches toward a 2026 maiden resource estimate.
The most recent news (March 31, 2026) reports assay results from three additional drill holes (R-0021 to R-0023) at the Trapper South zone of the Radar Project in Labrador. Key intercepts include 31.38m at 7.08% TiO2 and 0.414% V2O5 (R-0021) and a broad 86m intercept at 5.50% TiO2 and 0.367% V2O5 (R-0023). These results are part of a larger 2026 program that has now completed 30 holes. Management highlights the "impressive level of consistency" in grades and thicknesses, which supports the ongoing development of a maiden Mineral Resource Estimate (MRE) slated for later in 2026.
The news is Material - Positive as it confirms the southern extension of the high-grade oxide mineralization first discovered in the North. - Resource De-risking: The consistency of the 2026 drilling (36 for 36 holes hitting mineralization) significantly increases the probability of a robust maiden MRE. - Grade Continuity: Intercepts of ~7% TiO2 and >0.4% V2O5 are high-grade for this deposit type and remain consistent with previous "best-to-date" results from January 2026. - Strategic Expansion: This follows the March 26 acquisition of the Garneau titanium project from Rio Tinto, suggesting SAGA is aggressively consolidating a titanium district in Eastern Canada. - Operational Efficiency: The company has drilled over 6,000m in 2026 alone, demonstrating strong execution capabilities and a well-funded treasury following the C$3.4M warrant exercise.
SAGA Metals is a Canadian explorer focused on critical minerals. Its flagship is the Radar Ti-V-Fe Project in Labrador, covering 24,175 hectares. The project hosts the Dykes River intrusive complex, which contains vanadiferous titanomagnetite (VTM) and ilmenite. The project is notable for its proximity to infrastructure (10km from Cartwright, deep-water port, and hydro power). SAGA also holds the Double Mer Uranium project and the Garneau Titanium project.