SAGA Metals Reports Assay Intercepts Including 52.05% Fe2O3, 7.21% TiO2, 0.375% V2O5 from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
Advancing a district-scale Titanium-Vanadium discovery in Labrador toward a maiden resource estimate.
The most recent news (March 5, 2026) reports high-grade assay results from the first two holes of the 2026 drilling program at the Trapper South zone of the Radar Project. Hole R-0016 returned 50.60m at 52.05% $Fe_2O_3$, 7.21% $TiO_2$, and 0.375% $V_2O_5$. Hole R-0017 returned 90.01m at 51.86% $Fe_2O_3$, 6.76% $TiO_2$, and 0.417% $V_2O_5$. These results confirm that the semi-massive oxide mineralization encountered in the southern portion of the project maintains high grades and significant thickness. To date, 16 holes (3,435 meters) have been completed in the 2026 program, with mineralization confirmed in 100% of the holes drilled (31 of 31 total project holes).
The news is Material - Positive for several reasons: - Grade Confirmation: The assays confirm "significantly elevated grades" that are consistent with or exceed previous results from the Hawkeye zone, validating the high-grade nature of the Trapper South anomaly. - Scale and Continuity: Confirming mineralization in 31 out of 31 holes across a 16km trend suggests a highly predictable and continuous system, which significantly de-risks the upcoming maiden Mineral Resource Estimate (MRE). - Financial Strength: The news follows the successful completion of a warrant acceleration program (Feb 26, 2026) which injected C$3.42 million into the company, bringing the total raised since late 2025 to over C$12 million. This ensures the 2026 exploration program is fully funded without immediate dilution risk. - Strategic Positioning: The focus on Titanium and Vanadium aligns with North American "Project Vault" initiatives for critical mineral reserves, increasing the likelihood of strategic partnerships or government support.
SAGA Metals is a Canadian explorer focused on critical minerals. Its flagship Radar Project in Labrador covers 24,175 hectares and the entire Dykes River intrusive complex. The project targets a massive layered mafic intrusion hosting vanadiferous titanomagnetite (VTM). The company also holds the Double Mer Uranium project (Labrador) and lithium assets in Quebec, providing a diversified critical minerals portfolio.