SAGA Metals Advances Radar Project with Promising Drill Results
SAGA Metals Advances Radar Project with Promising Drill Results
VANCOUVER, British Columbia — SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), an innovative exploration company in North America, has completed a significant milestone in its mining endeavors. The last shipment of drill core samples has been sent off for analysis from the company’s maiden drill program at the Radar Titanium-Vanadium (Ti-V) project, marking a pivotal phase in their exploration journey.
Community Support Grows After Drill Program
Following the completion of this first drilling initiative, local optimism in the community has becomes palpable. The Town of Cartwright expressed their endorsement for the Radar Project through an official letter, with Mayor Robyn Holwell reiterating support for SAGA's exploration advancements:
"The town of Cartwright wholeheartedly supports Saga Metals as they work to identify a potential ore deposit, and we are here to assist in any way necessary to further their exploration efforts." - Robyn Holwell, Mayor of Cartwright
Q1 2025 Missile Drill Program Overview
The primary focus of SAGA’s 2025 maiden drill program was to investigate the core of a notable magnetic anomaly found in the Hawkeye Zone. Initially set for 1,500 meters, the program was successfully scaled up to 2,200 meters due to promising early results. The findings confirmed the presence of a vast mineralized layered mafic intrusion. This discovery suggests that some portions may have retained their historical geological characteristics dating back over 1 billion years.
The Dykes River intrusion, a significant geological feature in the region, spans 160km2, similar in size to Greenland’s Skargaard intrusion. This vast area highlights the considerable potential for major mineral deposits that could include vanadium and titanium, both crucial for the green energy transition.
Highlights from the Drill Program
Key findings from the maiden drill program consist of:
- 130–200 meters of magnetite layering across strikes
- Strong correlation between geophysical anomalies and mineralization
- Open-ended layered Fe-Ti-V mineralization at depth
Next Steps with Geophysical Surveys
Encouraged by these results, SAGA has initiated further investigations with a detailed magnetic and electromagnetic (EM) survey in the Trapper Zone, located to the west of the Hawkeye zone. This follow-up aims to refine the magnetic inversion model, similar to that of the Hawkeye Zone, allowing for the identification of new drill targets along a previously mapped 20km oxide layer.
The survey employs a precise spacing of 25 meters between linear stations to ensure high-resolution magnetic and conductivity mapping, integral to effective mineralization identification. As SAGA continues with these advanced explorations, confidence in drilling potential in the Trapper Zone grows.
Expert Insights from the Team
Michael Garagan, CGO and Director of SAGA, commented on the importance of their geophysical findings: "The expertise from local consultants alongside our strategic geophysical strategy has significantly impacted the success of our initial drilling phase. We are eager to expand our exploration efforts based on the promising results and are focused on confirming the extent of the oxide layer throughout the project."
About SAGA Metals Corp.
SAGA Metals Corp. is dedicated to exploring and discovering critical minerals necessary for the global shift towards green energy. The company’s flagship Double Mer Uranium Project encompasses an impressive area of 25,600 hectares in Labrador, Canada, highlighting significant uranium radiometrics with proven zones yielding samples up to 0.428% U3O8.
Apart from uranium, SAGA is also involved in lithium exploration through their Legacy Lithium Property in Quebec, showcasing their commitment to diversify their mineral portfolio. This property has expanded with the recent acquisition of the Amirault Lithium Project, collectively representing over 65,000 hectares of promising prospects.
With exploration assets in both uranium and lithium, as well as interests in titanium and vanadium, SAGA is strategically positioned to contribute to the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For further information, you can contact:
SAGA Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
Website: www.sagametals.com
Frequently Asked Questions
What is the main focus of SAGA Metals Corp.?
SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for the transition to green energy.
Where is the Radar Project located?
The Radar Project is situated in Cartwright, Labrador, where SAGA is actively exploring its mineral potential.
What were the results of the maiden drill program?
The maiden drill program confirmed substantial mineralized layering and opened up additional veins for exploration, notably yielding significant magnetite discoveries.
Why is community support important for the project?
Community support fosters collaboration and can provide essential resources and local knowledge that aid in the successful exploration and development of mining projects.
What additional projects does SAGA Metals have?
SAGA Metals also holds the Double Mer Uranium Project and the Legacy Lithium Property, showcasing a diversified approach to mineral exploration.
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