Latest news with #SAGAMetalsCorp
Hamilton Spectator
29-05-2025
- Business
- Hamilton Spectator
SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador
VANCOUVER, British Columbia, May 29, 2025 (GLOBE NEWSWIRE) — SAGA Metals Corp. ('SAGA' or the 'Company') (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the final drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Property, located near the port of Cartwright in Labrador, Canada. The Property comprises 24,175-hectares and entirely encloses the Dykes River mafic layered intrusive complex. SAGA Metals Confirms Technical Success with the Drill: Key drill intercepts from HEZ-06, HEZ-02 & HEZ-03 (final 3 holes of the 7-hole program) include: Table 1: Composite grades of HEZ-06, HEZ-02, & HEZ-03 'The Dykes River Intrusion is a layered mafic intrusion. Our initial 7 diamond drill holes comprised 4 holes that tested the semi-massive to massive vanadiferous titanomagnetite layers and 3 holes that were sited mostly above and to the south of the magnetite layers. The 3 holes reported herein will facilitate a complete sampling of the entire intrusive layering sequence. These seven successful drill holes test a highly mineralized zone, confirming the extraordinary potential lying within our 20 km of high magnetic responses and titanomagnetite layers,' commented Michael Garagan, CGO & Director of Saga Metals. Interpretation of the Drill Results for HEZ-06, HEZ-02 & HEZ-03: HEZ-06, HEZ-02 & HEZ-03 were all drilled within the hangingwall of the oxide layering zones. These layering intercepts bracketed the oxide layering intersected in HEZ-01, HEZ-04, HEZ-05 & HEZ-07, which intercepted the main layers of the titanomagnetite mineralization. These last three drill holes complete the evaluation over the cross section of the entire magnetic anomaly drilled during this program, which has allowed the team to isolate four separate magmatic layers across the zone of mineralization, which is mappable and trackable. These consistent brackets of VTM mineralization will be the focus of SAGA's efforts for both mapping and metallurgical purposes. Next Steps for the Radar Project: The Radar Project has completed its first critical steps with the proof-of-concept 2025 winter drill program, which highlights the significance of the correlation between surface samples, geophysics, and drilling. SAGA is now targeting its other magnetic anomalies across the Property, all of which are larger than the one recently drilled. Next steps to quickly delineate drill targets will involve completing detailed ground geophysics over the main regional airborne magnetic anomalies, as shown in Figure 2 below. In conjunction with ground-based geophysics over the priority anomalies, SAGA plans to execute a property-wide high-resolution aeromagnetic survey to locate high-priority drilling targets. Additionally, SAGA has initiated a metallurgy and petrography analysis on the core from the Hawkeye zone. This work will determine the recoverable vanadiferous magnetite and the quality of potential concentrates. Lastly, SAGA will conduct alternate whole-rock analyses to delineate secondary mineralization of phosphate, manganese, and scandium, as well as certain REE that are prospective in this large mafic layered intrusion. Drilling Highlights to Date: (Click here to see SAGA's news release dated May 5, 2025 for full details on holes HEZ-01 & HEZ-04 and here to see SAGA's news release dated May 26, 2025 for full details on holes HEZ-05 & HEZ-07) Figure 1: 500m strike by 350m width magnetic anomaly drilled in winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey). Shows DDH collars and Lithologies. Radar Ti-V-Fe Property Overview: The Company's 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175-hectares and entirely encloses the Dykes River intrusive complex. The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer. The 2025 drill program confirmed massive to semi-massive oxide layering, hosting titanium and vanadium mineralization, representing only 1/40th of the approximately 20km long oxide layering zone identified at the Radar project. The geological context identified by Dr. Al Miller's petrographic studies has substantially advanced understanding of the Radar deposit. These findings indicate a titanomagnetite mineralization system which is advantageous for simplified metallurgical processing and potentially improved economic outcomes. Figure 2: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs. Qualified Person Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release. About SAGA Metals Corp. SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report). In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium. SAGA also holds additional exploration assets in Labrador, where the company is focused on discovering titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future. On Behalf of the Board of Directors Mike Stier, Chief Executive Officer For more information, contact: SAGA Metals Corp. Investor Relations Tel: +1 (778) 930-1321 Email: info@ The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. 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 drill assays. 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, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company's final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at , and in the continuous disclosure filings made by the Company with securities regulations from time to time. 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. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 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. Photos accompanying this announcement are available at:
Hamilton Spectator
26-05-2025
- Business
- Hamilton Spectator
SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador
VANCOUVER, British Columbia, May 26, 2025 (GLOBE NEWSWIRE) — SAGA Metals Corp. ('SAGA' or the 'Company') (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada. These results further validate the presence of a strong, arcuate magnetic-high anomaly identified in regional magnetic surveys within the central zone of the Dykes River layered mafic intrusive complex. SAGA Metals Confirms Additional Geological Success with the Drill: Key drill intercepts from HEZ-05 & HEZ-07 (2 additional holes of the 7-hole program) include: Table 1: Composite grades of HEZ-07 & HEZ-05 Table 2: High-grade samples from HEZ-07 & HEZ-05 show correlation to higher Titanomagnetite content in samples. The SAGA team has completed an assessment of assay results from drill holes HEZ-05 and HEZ-07. Geochemical analysis confirms a consistent Ti-V-Fe relationship, aligning well with the oxide layering previously observed in HEZ-01 and HEZ-04. Notably, HEZ-05 contains over 180 meters of core, and HEZ-07 nearly 100 meters, both averaging over 25% titanomagnetite content. Several standout samples, such as those listed in Table 2, report titanomagnetite concentrations as high as 60%. HEZ-05, a twin of HEZ-04 but drilled at a 70-degree dip, exhibits a strong geological correlation, extending confidence in the continuity of oxide layering down to a vertical depth of 300 meters. Meanwhile, HEZ-07, which targeted a distinct magnetic anomaly, confirmed the extension of oxide layering observed in HEZ-01. This extension appears to be laterally displaced by sinistral faulting relative to the main body. Supporting this interpretation, multiple fault structures were encountered, and several intercepts revealed fine-grained, massive magnetite layers up to 3-meters thick—the highest-grade intervals observed across all drill holes. The initial seven-hole, 2,200-meter drill program has successfully tested the primary target area, covering a 500 by 350-meter panel. With the inclusion of recent assays from HEZ-05 and HEZ-07, the continuity of high-grade oxide mineralization is now supported to a vertical depth of 300 meters. These new results reinforce earlier findings from HEZ-01 and HEZ-04, confirming the presence of extensive and consistently mineralized oxide layers. Drilling Highlights to Date: Figure 1: 500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 SAGA Metals. TMI Magnetic Survey). Shows DDH collars and Lithologies. Drilling also confirmed massive to semi-massive oxide layering, hosting titanium and vanadium mineralization, with significant widths up to 210 meters within the drill core. The geological context identified by Dr. Al Miller's petrographic studies has substantially advanced understanding of the Radar deposit. These findings indicate a titanomagnetite mineralization system which is advantageous for simplified metallurgical processing and potentially improved economic outcomes. The 2025 drill campaign represents 1/40th of the approximately 20km long oxide layering zone identified at the Radar project. Following these encouraging results, SAGA Metals plans to systematically expand exploration using proven and accurate methodologies—magnetic surveys followed by targeted drilling. 'These additional results are consistent with HEZ-01 & HEZ-04 which demonstrate what we can expect when intercepting oxide layering throughout the property. This is by far the most important take home and revelation from all 4 holes that have returned assays; exceptional consistency and width,' commented Michael Garagan, CGO & Director of SAGA Metals. 'Additionally, HEZ-07 despite being offset from the main layering sequence has consistent high-grades and shows that even the structural offsets within this 1.6-billion-year-old layered mafic intrusion show signs of economic potential.' Figure 2: The prospective inferred ~20km aerial oxide layering zone on the Radar property. Compilation of analytical geophysics as acquired from historical sources, which SAGA has proven confidence in after the 2024 field programs. Radar Ti-V-Fe Property Overview: The Company's 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure including, road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175-hectares and entirely encloses the Dykes River intrusive complex. The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer. Regional airborne magnetic surveys first highlighted the mafic oxide layer and indicated an arcuate 20 km long exploration target. Figure 3: Map of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA has proven confidence in the compilation of analytical geophysics acquired from historical sources after the 2024 field programs. About SAGA Metals Corp. SAGA Metals Corp. is a North American mining company focused on exploring and discovering critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report). In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium. SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future. Qualified Person Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V Project disclosed in this news release. On Behalf of the Board of Directors Mike Stier, Chief Executive Officer For more information, contact: SAGA Metals Corp. Investor Relations Tel: +1 (778) 930-1321 Email: info@ The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. 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 drill assays. 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, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company's final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at , and in the continuous disclosure filings made by the Company with securities regulations from time to time. 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. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 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. Photos accompanying this announcement are available at:
Yahoo
26-05-2025
- Business
- Yahoo
SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador
VANCOUVER, British Columbia, May 26, 2025 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada. These results further validate the presence of a strong, arcuate magnetic-high anomaly identified in regional magnetic surveys within the central zone of the Dykes River layered mafic intrusive complex. SAGA Metals Confirms Additional Geological Success with the Drill: Key drill intercepts from HEZ-05 & HEZ-07 (2 additional holes of the 7-hole program) include: Hole HEZ-07: 20.2 meters intercept grading 31.4% Fe, 6.3% TiO₂, and 0.44% V₂O₅. Hole HEZ-05: 25.0 meters intercept grading 19.9% Fe, 4.1% TiO₂, and 0.21% V₂O₅. Description DDH FROM TO Length Fe TiO2 V205 ID m m m % % % Highest Grade intercept HEZ-07 185 205.2 20.2 31.354 6.324 0.435 Layering Sequence_01 HEZ-07 86.8 103.23 16.43 25.559 5.007 0.356 Layering Sequence_02 HEZ-07 147.5 205.2 57.7 27.090 5.305 0.365 Layering Sequence_03 HEZ-07 225.7 236 10.3 27.549 5.339 0.377 Full Hole HEZ-07 2.3 314 311.7 15.831 2.855 0.183 Highest Grade intercept_S HEZ-05 236 261 25 19.918 4.144 0.213 Layering Sequence HEZ-05 117.2 304.5 187.3 17.998 3.753 0.177 Full Hole HEZ-05 4.50 459.00 455.50 13.777 2.691 0.122 Composite grades of HEZ-07 & HEZ-05 Sample Number DDH FROM TO Length Fe TiO2 V205 ID m m m % % % 1473004 HEZ-07 178 178.5 0.5 45.4 9.1 0.66 1473055 HEZ-07 201 201.5 0.5 43.6 9 0.632 1473002 HEZ-07 177 177.5 0.5 43.9 8.8 0.631 1473113 HEZ-07 235 235.5 0.5 42 8.7 0.591 1472452 HEZ-05 208.5 209 0.5 34.7 7.4 0.403 High-grade samples from HEZ-07 & HEZ-05 show correlation to higher Titanomagnetite content in samples. The SAGA team has completed an assessment of assay results from drill holes HEZ-05 and HEZ-07. Geochemical analysis confirms a consistent Ti-V-Fe relationship, aligning well with the oxide layering previously observed in HEZ-01 and HEZ-04. Notably, HEZ-05 contains over 180 meters of core, and HEZ-07 nearly 100 meters, both averaging over 25% titanomagnetite content. Several standout samples, such as those listed in Table 2, report titanomagnetite concentrations as high as 60%. HEZ-05, a twin of HEZ-04 but drilled at a 70-degree dip, exhibits a strong geological correlation, extending confidence in the continuity of oxide layering down to a vertical depth of 300 meters. Meanwhile, HEZ-07, which targeted a distinct magnetic anomaly, confirmed the extension of oxide layering observed in HEZ-01. This extension appears to be laterally displaced by sinistral faulting relative to the main body. Supporting this interpretation, multiple fault structures were encountered, and several intercepts revealed fine-grained, massive magnetite layers up to 3-meters thick—the highest-grade intervals observed across all drill holes. The initial seven-hole, 2,200-meter drill program has successfully tested the primary target area, covering a 500 by 350-meter panel. With the inclusion of recent assays from HEZ-05 and HEZ-07, the continuity of high-grade oxide mineralization is now supported to a vertical depth of 300 meters. These new results reinforce earlier findings from HEZ-01 and HEZ-04, confirming the presence of extensive and consistently mineralized oxide layers. Drilling Highlights to Date: Analytical results have been received for an additional two priority diamond drill holes (targeting oxide layering) from the 2025 winter program, with results from three additional holes still pending. Combined with petrographic analysis, these new assays further confirm that the primary economic mineral is vanadiferous titanomagnetite—favorable for simplified metallurgical processing. Notable intercepts of vanadiferous titanomagnetite to-date include: 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ in HEZ-07 25.0 meters grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅ in HEZ-05(See composite results in above) 31.5 meters grading 25.95% Fe, 5.34% TiO2 and 0.28% V2O5 in HEZ-01 50 meters grading 24.49% Fe, 4.74% TiO2 and 0.305 % V2O5 in HEZ-04(Click here to see SAGA's news release dated May 5, 2025 for full details on holes HEZ-01 & HEZ-04.) Titanomagnetite-rich zones average between 20% and 40% titanomagnetite, with localized massive layers exceeding 60%. Drilling has confirmed the presence of oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters. Current drilling has tested just 1/40th of the identified 20 km strike extent of the oxide layering zone within the Dykes River Intrusion (refer to for map view).500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 SAGA Metals. TMI Magnetic Survey). Shows DDH collars and Lithologies. Drilling also confirmed massive to semi-massive oxide layering, hosting titanium and vanadium mineralization, with significant widths up to 210 meters within the drill core. The geological context identified by Dr. Al Miller's petrographic studies has substantially advanced understanding of the Radar deposit. These findings indicate a titanomagnetite mineralization system which is advantageous for simplified metallurgical processing and potentially improved economic outcomes. The 2025 drill campaign represents 1/40th of the approximately 20km long oxide layering zone identified at the Radar project. Following these encouraging results, SAGA Metals plans to systematically expand exploration using proven and accurate methodologies—magnetic surveys followed by targeted drilling. "These additional results are consistent with HEZ-01 & HEZ-04 which demonstrate what we can expect when intercepting oxide layering throughout the property. This is by far the most important take home and revelation from all 4 holes that have returned assays; exceptional consistency and width," commented Michael Garagan, CGO & Director of SAGA Metals. 'Additionally, HEZ-07 despite being offset from the main layering sequence has consistent high-grades and shows that even the structural offsets within this 1.6-billion-year-old layered mafic intrusion show signs of economic potential.'The prospective inferred ~20km aerial oxide layering zone on the Radar property. Compilation of analytical geophysics as acquired from historical sources, which SAGA has proven confidence in after the 2024 field programs. Radar Ti-V-Fe Property Overview: The Company's 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure including, road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175-hectares and entirely encloses the Dykes River intrusive complex. The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer. Regional airborne magnetic surveys first highlighted the mafic oxide layer and indicated an arcuate 20 km long exploration of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA has proven confidence in the compilation of analytical geophysics acquired from historical sources after the 2024 field programs. About SAGA Metals Corp. SAGA Metals Corp. is a North American mining company focused on exploring and discovering critical minerals that support the global transition to green energy. The company's flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report). In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium. SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future. Qualified Person Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V Project disclosed in this news release. On Behalf of the Board of Directors Mike Stier, Chief Executive Officer For more information, contact:SAGA Metals RelationsTel: +1 (778) 930-1321Email: info@ The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. 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 drill assays. 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, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company's final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at and in the continuous disclosure filings made by the Company with securities regulations from time to time. 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. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. 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. Photos accompanying this announcement are available at: in to access your portfolio
Globe and Mail
05-05-2025
- Business
- Globe and Mail
Critical Metals Discovery Sends Junior Miner Stock Surging
The race for critical metals is intensifying as countries and companies scramble to secure these essential resources, which are vital to a wide range of high-tech applications. When a mining company makes meaningful progress in discovering new sources, investors are quick to take notice—and that seems to be exactly what happened this morning. Shares of SAGA Metals Corp. (TSX-Venture: SAGA) (OTCQB: SAGMF) are taking off on positive drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada. Early drilling results from the winter exploration program have revealed promising mineralization, confirming the presence of a valuable iron-titanium-vanadium mineral called vanadiferous titanomagnetite. Lab tests from the first two drill holes show strong concentrations of these metals, including one section with 31.5 meters containing nearly 26% iron, over 5% titanium, and 0.28% vanadium, and another with 50 meters showing similar grades. Some smaller, high-grade sections contained over 40% iron and up to 0.5% vanadium. These mineral-rich zones averaged 20–40% titanomagnetite, with some layers exceeding 60%. The drilling, which reached depths of 200 meters, confirmed previous geophysical surveys and has so far explored only a small fraction—about 1/40th—of the potential 20-kilometer strike zone within the Dykes River intrusion. "We are very encouraged by these initial drilling results," commented Michael Garagan, CGO & Director of SAGA Metals. "They validate our geological models and significantly expand our expectations for the entire Radar property. The Hawkeye Zone is just one of five primary targets currently identified; excitingly, this zone remains one of the smallest prospects. Our strategy moving forward will involve methodically advancing exploration and drilling at our highest-priority targets. The door is now open to roll out a standardized order of operations. We know these layers are anomalous based upon surface geochemistry. Exploration moving forward is 'magnetic survey - drill – repeat' as we begin to survey the entirety of the oxide layering zone and prepare to identify the most prospective targets for the next drill program.' Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
