SAGA Metals Reports Assays from R-0047 to R-0049 with Intercepts Including 53.72% Fe2O3, 7.32% TiO2, 0.431% V2O5 from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
Rhea-AI Summary
SAGA Metals (OTCQB: SAGMF) reported new 2026 assay results from drill holes R-0047 to R-0049 at the Trapper South area of its 100%-owned Radar titanium-vanadium-iron project near Cartwright, Labrador. Broad oxide intercepts include 126.8 m at 42.84% Fe2O3, 5.43% TiO2, 0.306% V2O5 in R-0047; 92.3 m at 42.46% Fe2O3, 5.38% TiO2, 0.304% V2O5 in R-0048; and 100.3 m at 42.97% Fe2O3, 5.39% TiO2, 0.316% V2O5 in R-0049, with higher-grade internal zones up to 53.91% Fe2O3, 7.32% TiO2 and 0.431% V2O5.
According to SAGA, assays have now been received for 42 MRE drill holes out of 63 completed at the Trapper Zone, totaling 16,159 m drilled, with oxide intervals locally reaching true thicknesses above 200 m within a 29 km² oxide corridor.
Positive
- High-grade internal zones up to 53.91% Fe2O3, 7.32% TiO2, 0.431% V2O5
- Broad oxide intercepts in R-0047 to R-0049 ranging from 92.3 m to 126.8 m
- 42 drill holes with assays now available for the MRE program
- 63 drill holes and 16,159 m completed to date in the Trapper Zone
- Oxide corridor scale of approximately 29 km² across Trapper, Hawkeye and Falcon zones
- Excellent core recovery reported above 95%, supporting metallurgical test work and MRE preparation
Negative
- None.
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Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0047, -0048 and -0049 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate ("MRE") diamond drill program at the Trapper Zone within the
Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over 29 km2, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/305233_sagaimg1.jpg
Trapper Zone Assay Highlights
- Analytical results received for three (3) additional diamond drill holes (R-0047 to R-0049) from the MRE drill program initiated in Q4 2025, delivering consistent broad intercepts of oxide mineralization.
- Key intercepts include:
- Hole R-0047: 126.8 m @
42.84% Fe2O3,5.43% TiO2,0.306% V2O5- Including 68.4 m @
46.81% Fe2O3,6.17% TiO2,0.335% V2O5
- Including 68.4 m @
- Hole R-0048: 92.3 m @
42.46% Fe2O3,5.38% TiO2,0.304% V2O5- Including 16.3 m @
53.72% Fe2O3,7.29% TiO2,0.431% V2O5
- Including 16.3 m @
- Hole R-0049: 100.3 m @
42.97% Fe2O3,5.39% TiO2,0.316% V2O5- Including 26.5 m @
53.91% Fe2O3,7.22% TiO2,0.431% V2O5
- Including 26.5 m @
- Hole R-0047: 126.8 m @
- These results now bring the total MRE drill results to forty-two (42) diamond drill holes received to date. As reported previously, analytical results from the first thirty-nine (39) diamond drill holes of the MRE drill program include:
| DDH | FROM | TO | Length | True Thickness | Fe2O3 | TiO2 | V205 |
| ID | m | m | m | m | % | % | % |
| R-0008 | 170.0 | 237.6 | 68.3 | 66.2 | 46.15 | 9.21 | 0.311 |
| R-0009 | 94.0 | 181.2 | 87.2 | 84.4 | 50.67 | 10.15 | 0.339 |
| R-0010 | 1.5 | 137.0 | 135.5 | 121.7 | 50.03 | 7.87 | 0.352 |
| R-0011 | 58.1 | 153.3 | 95.2 | 50.8 | 39.49 | 6.49 | 0.222 |
| R-0012 | 3.8 | 79.0 | 75.2 | 39.6 | 27.39 | 4.87 | 0.116 |
| R-0013 | 9.5 | 121.0 | 111.5 | 97.9 | 37.08 | 5.14 | 0.242 |
| R-0014 | 8.8 | 50.0 | 41.2 | 14.9 | 36.17 | 6.36 | 0.188 |
| R-0015 | 73.3 | 174.0 | 100.7 | 88.9 | 38.56 | 6.80 | 0.229 |
| R-0016 | 44.0 | 94.6 | 50.6 | 47.1 | 52.05 | 7.21 | 0.375 |
| R-0017 | 50.6 | 140.6 | 90.0 | 73.0 | 51.86 | 6.76 | 0.417 |
| R-0018 | 44.7 | 115.0 | 70.3 | 44.1 | 42.64 | 5.66 | 0.288 |
| R-0019 | 66.6 | 112.3 | 45.7 | 41.6 | 49.51 | 6.56 | 0.374 |
| R-0020 | 87.3 | 128.0 | 40.7 | 31.1 | 37.62 | 4.93 | 0.239 |
| R-0021 | 96.0 | 127.4 | 31.4 | 16.5 | 53.18 | 7.08 | 0.414 |
| R-0022 | 62.0 | 92.6 | 30.6 | 28.6 | 49.4 | 6.61 | 0.373 |
| R-0023 | 100.5 | 186.5 | 86.0 | 54.0 | 45.5 | 5.5 | 0.367 |
| R-0024 | 112.0 | 203.0 | 91.0 | 58.7 | 49.08 | 6.23 | 0.39 |
| R-0024 | 142.0 | 186.0 | 44.0 | 28.4 | 54.2 | 7.07 | 0.443 |
| R-0025 | 141.3 | 223.0 | 81.7 | 58.5 | 41.36 | 5.18 | 0.309 |
| R-0025 | 168.0 | 201.0 | 33.0 | 23.7 | 47.38 | 6.01 | 0.384 |
| R-0026 | 141.7 | 189.0 | 47.3 | 27.7 | 38.16 | 4.65 | 0.288 |
| R-0026 | 110.9 | 131.4 | 20.5 | 12.0 | 52.39 | 6.55 | 0.449 |
| R-0027 | 81.2 | 162.0 | 80.8 | 63.4 | 42.74 | 5.18 | 0.320 |
| R-0028 | 105.7 | 211.0 | 105.3 | 54.5 | 42.39 | 5.40 | 0.306 |
| R-0028 | 144.0 | 182.0 | 38.0 | 19.7 | 49.43 | 6.50 | 0.382 |
| R-0029 | 65.2 | 172.0 | 106.8 | 95.5 | 44.41 | 5.36 | 0.341 |
| R-0029 | 65.2 | 104.0 | 38.8 | 34.7 | 53.02 | 6.46 | 0.441 |
| R-0030 | 83.1 | 174.0 | 90.9 | 49.5 | 42.57 | 5.40 | 0.303 |
| R-0030 | 83.1 | 101.7 | 18.6 | 10.2 | 50.81 | 6.56 | 0.398 |
| R-0031 | 63.4 | 171.6 | 108.2 | 87.2 | 38.11 | 5.13 | 0.254 |
| R-0031 | 97.0 | 140.1 | 43.1 | 34.7 | 42.71 | 5.88 | 0.309 |
| R-0032 | 53.8 | 198.0 | 144.2 | 135.3 | 37.13 | 5.04 | 0.234 |
| R-0032 | 114.0 | 170.0 | 56.0 | 52.6 | 44.68 | 6.50 | 0.294 |
| R-0033 | 67.4 | 168.0 | 100.6 | 77.5 | 44.07 | 6.38 | 0.286 |
| R-0033 | 97.0 | 153.0 | 56.0 | 43.1 | 48.03 | 7.25 | 0.304 |
| R-0034 | 68.8 | 195.0 | 126.2 | 124.0 | 43.19 | 6.05 | 0.293 |
| R-0034 | 106.1 | 170.0 | 63.9 | 62.8 | 48.61 | 7.01 | 0.344 |
| R-0035 | 8.5 | 22.0 | 13.5 | 9.9 | 30.98 | 2.93 | 0.193 |
| R-0036 | 55.0 | 128.0 | 73.0 | 36.5 | 45.34 | 6.31 | 0.345 |
| R-0036 | 80.0 | 114.0 | 34.0 | 17.0 | 50.46 | 7.21 | 0.395 |
| R-0037 | 52.2 | 103.0 | 50.8 | 41.9 | 45.93 | 6.46 | 0.348 |
| R-0038 | 45.4 | 146.2 | 100.8 | 73.7 | 41.23 | 5.21 | 0.302 |
| R-0038 | 103.9 | 146.2 | 42.4 | 31.0 | 46.20 | 6.35 | 0.364 |
| R-0039 | 84.0 | 194.0 | 110.1 | 106.5 | 47.42 | 5.95 | 0.354 |
| R-0039 | 97.0 | 149.1 | 52.1 | 50.4 | 58.15 | 7.68 | 0.459 |
| R-0039 | 166.4 | 194.0 | 27.6 | 26.7 | 45.88 | 5.85 | 0.350 |
| R-0040 | 84.9 | 130.0 | 45.1 | 31.9 | 51.20 | 7.94 | 0.340 |
| R-0041 | 6.6 | 53.0 | 46.4 | 34.7 | 47.97 | 6.49 | 0.368 |
| R-0042 | 102.1 | 137.4 | 35.3 | 23.6 | 50.68 | 6.74 | 0.378 |
| R-0043 | 28.4 | 68.2 | 39.8 | 30.4 | 47.93 | 7.24 | 0.307 |
| R-0044 | 82.9 | 105.8 | 22.9 | 16.6 | 51.38 | 6.85 | 0.415 |
| R-0045 | 76.9 | 148.3 | 71.3 | 53.7 | 48.28 | 6.21 | 0.373 |
| R-0045 | 104.0 | 144.0 | 40.0 | 31.1 | 53.69 | 7.32 | 0.441 |
| R-0046 | 20.0 | 147.9 | 127.9 | 103.6 | 52.94 | 7.35 | 0.388 |
| R-0046 | 20.0 | 74.0 | 54.0 | 43.7 | 58.33 | 8.78 | 0.415 |
Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes R-0008 to R-0046.
- Top 15 intercepts from the MRE Drill Program to date can be found in Table 4 below.
- Completed sixty-three (63) holes (R-0008 to R-0070) from Q4 2025 to date in 2026, with significant oxide intercepts including 244.4 m from R-0061 (true thickness of 204.7) of semi-massive oxide with extensive rhythmic oxide layering.
- Actively drilling holes R-0071 and R-0072.
- MRE drilling to date has returned multiple holes of thick oxide core intercepts exceeding 70-144 metres and certain assay intervals frequently above 45
-58% Fe2O3, 6-8% TiO2 and 0.37-0.44% V2O5. - Rhythmic banding and semi-massive to massive oxide mineralization are observed consistently in Trapper South, comparable to the high-grade results from Trapper North.
- Drilling is progressing efficiently, with 16,159 m completed in the Trapper Zone to date.
- Excellent core recovery remains above
95% and representative sampling support ongoing metallurgical test work and the advancement of the maiden Mineral Resource Estimate.
Michael Garagan, CGO & Director of SAGA Metals, commented:
"These new assay results from R-0047 to R-0049 are highly encouraging and clearly illustrate how the Trapper South grid is taking shape. With numerous long intercepts of high-grade oxide mineralization—such as the 126.8 m @
The latest results from these drill holes, R-0047, R-0048 and R-0049, once again demonstrate excellent continuity across broad zones of oxide mineralization, underscoring the growing potential for a sizable mineral resource that could create meaningful long-term value for SAGA shareholders.
Detailed Logging Highlights from Drill Hole R-0047 to R-0049
- Hole R-0047 (Cross-Section S06, Figure 2): Drill hole R-0047 is drilled on cross-section S6, with an azimuth of 218 and a dip of -45°, with a total depth of 305 m. The oxide zone is 122.3 m thick, intersected at 106.1m, at a sheared contact runs to 247.4 m at a fault contact with a felsic dyke. Oxide zone includes rhythmic oxide layering (71.5 m) and semi-massive oxide (50.8 m).
- Hole R-0048 (Cross-Section S10, Figure 3): Drill hole R-0048 is drilled on cross-section S10, with an azimuth of 38 and a dip of -45° with a total depth of 242 m. The oxide zone is 116.9 m thick, intersected at 31.7 and runs to 149.3 m. The upper intersect is at 50° to the core axis, with a gradational contact moving from gabbronorite to the oxide zone, beginning as rhythmic layering. The lower contact of the oxide zone is cut by a quartz vein, with the contact marked before the upper boundary of the vein at 70° to the core axis. The oxide zone contains 105.1 m of rhythmic layering and 11.8 m of semi-massive oxide.
- Hole R-0049 (Cross-Section S10, Figure 3): Drill hole R-0049 is drilled on cross-section S10, with an azimuth of 38 and a dip of -60°, with a total depth of 200 m. The hole intercepts the oxide zone at 30.7 m where there is a sharp magmatic contact transitioning from gabbronorite to semi-massive oxide. The upper contact for the oxide zone is 40°to core axis. The lower contact of the oxide zone is sheared at 45o to core axis against a felsic dyke at 134.3 m. The oxide zone is 103.6 m and consists of 17.4 m of semi-massive oxide and 86.1 m of rhythmic layering.
Figure 2: Cross section of S6 looking NW showing R-0019, -0027, -0028, -0042, -0043, -0044 and -0047, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0019, R-0027, R-0028, R-0042, R-0043, R-0044 and R-0047.
To view an enhanced version of this graphic, please visit:
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Figure 3: Cross section of S10 looking NW showing R-0033, -0034, -0048, -0049 and -0050, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0033, R-0034, R-0048, and R-0049. Assays are pending for R-0050.
To view an enhanced version of this graphic, please visit:
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Trapper Zone Drilling Summary
| Drill Hole | Azimuth / Dip | Total Depth (m) | From (metres) | To (metres) | Semi-Massive Oxide (m) | Rhythmic Layering (m) | Total Oxide (m) | True Thickness (m) | Assays Received |
| R-0016 | 38° / -45° | 206 | 44.0 | 102.0 | 45.8 | 12.2 | 58.0 | 53.9 | Yes |
| R-0017 | 38° / -70° | 161 | 50.6 | 140.6 | 87.1 | 3.0 | 90.1 | 73.0 | Yes |
| R-0018 | 38° / -45° | 188 | 44.7 | 156.4 | 65.0 | 46.6 | 111.7 | 70.1 | Yes |
| R-0019 | 38° / -45° | 182 | 66.6 | 133.0 | 38.0 | 28.5 | 66.5 | 72.8 | Yes |
| R-0020 | 38° / -45° | 206 | 50.8 | 138.0 | 28.5 | 58.7 | 87.2 | 66.7 | Yes |
| R-0021 | 38° / -70° | 152 | 81.3 | 127.4 | 33.5 | 12.6 | 46.1 | 24.3 | Yes |
| R-0022 | 38° / -45° | 149 | 22.5 | 118.7 | 31.6 | 59.7 | 91.3 | 85.3 | Yes |
| R-0023 | 38° / -45° | 272 | 100.5 | 239.3 | 30.6 | 76.4 | 107.1 | 67.2 | Yes |
| R-0024 | 38° / -45° | 254 | 108.9 | 219.8 | 46.8 | 62.1 | 108.9 | 68.5 | Yes |
| R-0025 | 38° / -60° | 275 | 123.0 | 253.6 | 6.9 | 118.1 | 125.0 | 89.6 | Yes |
| R-0026 | 38° / -60° | 302 | 108.8 | 273.7 | 16.2 | 138.6 | 154.8 | 87.4 | Yes |
| R-0027 | 38° / -45° | 217 | 81.3 | 175.3 | 34.2 | 59.9 | 94.1 | 73.9 | Yes |
| R-0028 | 38° / -60° | 227 | 105.1 | 215.9 | 22.5 | 87.1 | 109.6 | 57.4 | Yes |
| R-0029 | 38° / -45° | 214 | 65.2 | 184.0 | 13.4 | 105.4 | 118.8 | 106.2 | Yes |
| R-0030 | 38° / -60° | 211 | 83.1 | 189.2 | 25.4 | 79.6 | 105.0 | 57.8 | Yes |
| R-0031 | 38° / -45° | 215 | 63.4 | 171.6 | 2.4 | 105.9 | 108.3 | 87.2 | Yes |
| R-0032 | 38° / -60° | 263 | 53.8 | 214.7 | 18.5 | 136.0 | 154.4 | 145.0 | Yes |
| R-0033 | 38° / -45° | 251 | 67.7 | 203.5 | 23.7 | 112.4 | 136.1 | 104.8 | Yes |
| R-0034 | 38° / -60° | 233 | 48.7 | 214.1 | 66.1 | 93.5 | 159.7 | 156.9 | Yes |
| R-0035 | 38° / -45° | 97 | 8.5 | 66.3 | 0.0 | 35.0 | 35.0 | 25.7 | Yes |
| R-0036 | 38° / -70° | 212 | 47.4 | 128.0 | 68.0 | 8.6 | 76.6 | 38.3 | Yes |
| R-0037 | 38° / -45° | 206 | 42.6 | 146.0 | 50.8 | 52.6 | 103.4 | 85.2 | Yes |
| R-0038 | 38° / -70° | 182 | 45.4 | 146.2 | 55.9 | 45.0 | 100.9 | 73.7 | Yes |
| R-0039 | 218° / -45° | 251 | 84.0 | 196.3 | 82.2 | 23.3 | 105.5 | 102.1 | Yes |
| R-0040 | 38° / -70° | 170 | 38.3 | 130.0 | 44.7 | 28.7 | 73.4 | 34.3 | Yes |
| R-0041 | 38° / -45° | 100 | 6.6 | 84.2 | 38.5 | 30.9 | 69.4 | 52.1 | Yes |
| R-0042 | 38° / -70° | 161 | 88.6 | 137.4 | 26.6 | 10.0 | 36.6 | 24.5 | Yes |
| R-0043 | 38° / -45° | 119 | 28.4 | 101.6 | 37.5 | 35.7 | 73.3 | 55.9 | Yes |
| R-0044 | 218° / -45° | 176 | 82.9 | 105.8 | 19.3 | 3.7 | 22.9 | 16.6 | Yes |
| R-0045 | 218° / -45° | 245 | 39.3 | 223.6 | 67.4 | 71.7 | 139.1 | 96.9 | Yes |
| R-0046 a | 218° / -45° | 491 | 7.4 | 147.9 | 121.7 | 19.3 | 141.0 | 108.0 | Yes |
| R-0046 b | 237.7 | 445.9 | 21.4 | 176.7 | 198.2 | 113.7 | Yes | ||
| R-0047 | 218° / -45° | 305 | 106.1 | 247.4 | 50.8 | 71.5 | 122.3 | 118.1 | Yes |
| R-0048 | 38° / -45° | 242 | 31.7 | 149.3 | 11.8 | 105.1 | 116.9 | 109.9 | Yes |
| R-0049 | 38° / -60° | 200 | 30.7 | 134.3 | 17.4 | 86.1 | 103.6 | 66.6 | Yes |
| R-0050 | 218° / -45° | 269 | 63.9 | 245.6 | 51.9 | 94.2 | 146.1 | 103.3 | |
| R-0051 | 38° / -60° | 311 | 99.9 | 227.3 | 38.5 | 88.8 | 127.4 | 83.0 | |
| R-0052 | 38° / -45° | 275 | 68.6 | 235.0 | 19.8 | 140.8 | 160.6 | 134.7 | |
| R-0053 | 38° / -60° | 299 | 77.1 | 279.4 | 35.0 | 167.3 | 202.3 | 132.1 | |
| R-0054 | 38° / -45° | 269 | 18.4 | 202.0 | 35.2 | 85.3 | 120.5 | 97.7 | |
| R-0055 | 38° / -60° | 320 | 70.1 | 291.6 | 67.6 | 73.2 | 140.8 | 82.3 | |
| R-0056 | 38° / -45° | 239 | 84.8 | 220.0 | 24.4 | 69.6 | 94.0 | 56.1 | |
| R-0057 | 38° / -60° | 233 | 92.4 | 194.1 | 43.6 | 52.5 | 96.1 | 83.4 | |
| R-0058 | 38° / -45° | 299 | 71.6 | 138.9 | 0 | 53.02 | 53.0 | 36.21 | |
| R-0059 | 38° / -45° | 377 | 81.9 | 374.9 | 6.2 | 179.6 | 185.7 | 155.2 | |
| R-0060 | 38° / -60° | 335 | 80.9 | 243.4 | 88.9 | 72.0 | 160.9 | 151.5 | |
| R-0061 | 218° / -45° | 359 | 51.9 | 307.3 | 93.5 | 150.8 | 244.4 | 204.7 | |
| R-0062 | 38° / -60° | 251 | 0.0 | 125.6 | 36.2 | 75.2 | 111.4 | 64.5 | |
| R-0063 | 180° / -45° | 542 | 61.7 | 494.0 | 6.5 | 131.3 | 137.8 | 92.8 | |
| R-0064 | 218° / -45° | 569 | 2.0 | 492.5 | 160.1 | 236.5 | 396.6 | 356.4 | |
| R-0065a | 218° / -45° | 584 | 41.1 | 162.7 | 4.2 | 117.4 | 121.7 | 109.8 | |
| R-0065b | 338.7 | 584.0 | 61.3 | 172.1 | 233.4 | 210.6 | |||
| R-0066 | 218° / -45° | 320 | Logging in progress | ||||||
| R-0067 | 38° / -45° | 221 | Logging in progress | ||||||
| R-0068 | 38° / -65° | 260 | Logging in progress | ||||||
| R-0069 | 218° / -60° | 221 | Logging in progress | ||||||
| R-0070 | 38° / -45° | 221 | Logging in progress | ||||||
| R-0071 | 38° / -45° | Drilling in progress | |||||||
| R-0072 | 38° / -70° | Drilling in progress | |||||||
| Total (m) | 14,109 | ||||||||
Table 2: Summary of drill holes R-0016 to R-0072, highlighting the oxide intercepts. See Figures 2 & 3 above, which depict the oxide mineralization in cross sections S6 and S10. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole.
| Total Meters Drilled | Total Samples | |
| Trapper South 2025 | 2050 | 1313 |
| Trapper South 2026 | 14109 | 7725 |
| Trapper Total | 16159 | 9038 |
Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and prepared.
Figure 4: Trapper Zone plan view map outlining location of the MRE drill program completed to date, including cross-sections 0S4-S14 in Trapper South, T02-T03 in Trapper Transition, and N10-N12 in Trapper North showing the TMI of the 2025 Trapper Zone ground magnetic survey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12336/305233_47f7d19a2416f939_004full.jpg
Sampling Summary
Saga's core cutting team finalized the cutting, sampling, and shipping of 845 samples from R-0050, -0051, -0052, -0053 and -0054. IGS Laboratories received the samples at the beginning of last week and anticipates releasing the assay results to the Company in the coming days. An additional 475 samples from drill holes R-0055, -0056 and -0057 were sent to IGS on Friday, July 10, 2026. A total of 9,038 samples have been collected in the Trapper Zone to date.
Key Project Highlights
- Confirmed mineralization in 70 out of 70 drill holes completed and observed in two primary zones to date.
- Analytical results to date include numerous oxide-rich intercepts, including:
| DDH | FROM | TO | Length | True Thickness | Fe2O3 | TiO2 | V205 |
| ID | m | m | m | m | % | % | % |
| R-0009 | 94.0 | 181.2 | 87.2 | 84.4 | 50.67 | 10.15 | 0.339 |
| R-0008 | 170.0 | 237.6 | 68.3 | 66.2 | 46.15 | 9.21 | 0.311 |
| R-0046 | 20.0 | 74.0 | 54.0 | 43.7 | 58.33 | 8.78 | 0.415 |
| R-0040 | 84.9 | 130.0 | 45.1 | 31.9 | 51.20 | 7.94 | 0.340 |
| R-0010 | 1.5 | 137.0 | 135.5 | 121.7 | 50.03 | 7.87 | 0.352 |
| R-0039 | 97.0 | 149.1 | 52.1 | 50.4 | 58.15 | 7.68 | 0.459 |
| R-0017 | 73.0 | 140.6 | 67.6 | 54.9 | 55.13 | 7.37 | 0.448 |
| R-0045 | 104.0 | 144.0 | 40.0 | 31.1 | 53.69 | 7.32 | 0.441 |
| R-0033 | 97.0 | 153.0 | 56.0 | 43.1 | 48.03 | 7.25 | 0.304 |
| R-0043 | 28.4 | 68.2 | 39.8 | 30.4 | 47.93 | 7.24 | 0.307 |
| R-0016 | 44.0 | 94.6 | 50.6 | 47.1 | 52.05 | 7.21 | 0.375 |
| R-0036 | 80.0 | 114.0 | 34.0 | 17.0 | 50.46 | 7.21 | 0.395 |
| R-0021 | 96.0 | 127.4 | 31.4 | 16.5 | 53.18 | 7.08 | 0.414 |
| R-0024 | 142.0 | 186.0 | 44.0 | 28.4 | 54.20 | 7.07 | 0.443 |
| R-0034 | 106.1 | 170.0 | 63.9 | 62.8 | 48.61 | 7.01 | 0.344 |
Table 4: Top 15 intercepts from the 2025 & 2026 drilling programs at the Trapper Zone.
- Infrastructure including road access, deep-water port, nearby hydro-electric power and regional airport.
- Confirmed a 29.0 km2 central oxide corridor that encompasses the Trapper, Falcon and Hawkeye Zones, demonstrating district-scale potential.
- Consistent grades and thicknesses with semi-massive to massive oxide reporting up to
72.33% Fe2O3,13.3% TiO2, and0.66% V2O5. - Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing.
- A total of 16,159 m has been completed and reported to date for the MRE drill program. See Figure 4 above, showcasing MRE drill hole locations in the Trapper Zone reported to date.
About the Radar Critical Mineral Property in Labrador
The Radar Property comprises 690 mineral claims across 9 mineral licenses, totalling approximately 24,175 hectares in southeastern Labrador, located approximately 10 km south of Cartwright. The Property entirely encloses the Dykes River Intrusive Complex (~160 km² at the surface) and is accessible year-round via paved Route 510, a Cartwright logging road, and a SAGA-constructed access trail. Infrastructure advantages include the deep-water port at Cartwright, the Cartwright Airport (YRF), and proximity to regional hydroelectric power from Muskrat Falls and Churchill Falls.
Diamond drilling, geophysics, trenching and geological mapping have confirmed a 29 km2 oxide corridor encompassing the Trapper, Falcon and Hawkeye Zones. VTM mineralization at Radar is comparable to that of global Fe-Ti-V systems such as Panzhihua (China) and Bushveld (South Africa). Subject to further exploration, resource definition, and metallurgical testing, the Project may represent a strategic source of titanium, vanadium, and iron for North American markets.
Figure 5: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering corridor validated over a 29 km2 area, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone, with additional targets highlighted to the west and north. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador.
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Debt Settlement Closing
Additionally, the Company announces that it has issued 367,436 common shares in settlement of
Qualified Person
Dr. A. Miller, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.
Technical Information
Diamond drill core was logged and sampled by Company personnel at SAGA's core facility in Cartwright, Labrador. The drill core diameter was NQ. The core was cut lengthwise using a diamond saw, and one half was retained in the core box, while the other half was sampled at designated intervals for analysis.
Core samples were prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montréal, Québec. As part of the analytical quality assurance and quality control (QA/QC) program, certified reference standards, blanks, and duplicate samples were inserted into the sample stream at regular intervals to monitor analytical accuracy and precision.
Crush rejects and pulp samples are retained and stored in a secure facility for potential future verification and re-analysis. The Company maintains a rigorous QA/QC protocol consistent with industry standard practices.
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 18,368 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.
The Wolverine Heavy Rare Earth Element Project in Labrador, is a near-surface REE system hosted within a peralkaline caldera complex that shares strong geological similarities with the Tanbreez and Strange Lake deposits. The project features consistent mineralization, with zones spanning 26 km2, including drill assays up to
The Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics that highlight an 18 km east-west trend, with a confirmed 14 km section producing samples as high as
Additionally, SAGA owns the Legacy Lithium Project in Quebec's Eeyou Istchee James Bay region. This project spans 72,701 hectares and shares significant geological continuity with other major players in the area, including Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals.
With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in securing critical minerals.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company's Radar Project and objectives in respect of the Debt Settlement. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. This cautionary statement expressly qualifies forward-looking statements contained in this news release. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
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