SAGA Metals Reports Assays from R-0058 to R-0060 with Intercepts Including 43.86% Fe2O3, 6.10% TiO2, 0.317% V2O5 from 2026 Drilling at Radar Critical Minerals Project in Labrador and Adds to Its Advisory Board
Saga’s Trapper Zone infill assays confirm oxide continuity with modest grades, leaving the resource thesis unchanged.
Saga Metals Corp. (SAGA) has released assay results for three diamond drill holes—R-0058, R-0059, and R-0060—at the Trapper Zone of its Radar Ti-V-Fe project. The company reported that assays have now been received for 53 of the 79 completed holes, totaling 20,352 meters, with core recovery exceeding 95 percent.
Key intercepts from the latest drilling include:
- R-0060: 118.0 m @ 39.10% Fe2O3, 5.32% TiO2, 0.269% V2O5 (including 51.8 m @ 43.86% Fe2O3, 6.10% TiO2, 0.317% V2O5).
- R-0059: 55.2 m @ 32.77% Fe2O3, 4.67% TiO2, 0.176% V2O5.
- R-0058: 17.5 m @ 23.48% Fe2O3, 4.31% TiO2, 0.252% V2O5.
The release confirms that the Trapper Transition, which connects the Trapper North and South zones, is mineralized.
Saga Metals Corp. (SAGA) is a pre-resource explorer conducting a large drill campaign aimed at a maiden mineral resource estimate (MRE) in the second half of 2026. The recent release does not alter the expected size, grade, or continuity of the Trapper Zone deposit.
The market has already priced in a substantial mineralized body, with the stock rising from approximately $0.25 to $0.88 between September 2025 and January 2026 on early discovery holes. The stock is now trading at $0.53.
No metallurgical, grade-capping, or true-width breakthroughs are reported. The news is incremental, with 53 holes of a likely 79-hole MRE program serving as additional data points in a mosaic that the market already understands.
Saga Metals Corp. is a Canadian junior explorer managing a diversified portfolio of critical mineral assets, including the 100% owned Radar (Ti-V-Fe), Wolverine (REE), Double Mer (U), and Legacy Lithium (Li) projects, alongside non-core iron-ore and titanium holdings. The market’s primary focus remains on the Radar project, where a drilling program of approximately 20,000 meters is nearing completion with the goal of defining a maiden resource.
The company currently generates no revenue, holding cash of approximately $2.0 million as of October 31, 2025. This position was bolstered by subsequent financings, including a $6 million raise in December 2025 and a $10.2 million flow-through financing in May 2026, providing a solid runway for operations. Current working capital is deemed sufficient for near-term exploration activities. Management is led by CEO Mike Stier and CGO Michael Garagan, supported by an advisory board with prior experience at B2Gold and Rio Tinto.