Announcement • Mar 18
Saga Metals Corp Reports Assay Results from 2026 Drilling At Radar Critical Minerals Project
Saga Metals Corp. reported additional assay results from drill holes R-0018, -0019 and -0020 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. Analytical results have been obtained for three additional diamond drill holes of the Mineral Resource Estimate drill program reinitiated in 2026, with top intercepts including: Hole R-0018: 70.3 m @ 42.64% Fe2O3, 5.66% TiO2, 0.288% V2O5; Hole R-0019: 45.7 m @ 49.51% Fe2O3, 6.56% TiO2, 0.374% V2O5; Hole R-0020: 40.7 m @ 37.62% Fe2O3, 4.93% TiO2, 0.239% V2O5. These results now bring the total Mineral Resource Estimate drill results from 2026 to five diamond drill holes received to date. As reported on March 5, 2026, analytical results for the first two diamond drill holes of the 2026 drill program included: Hole R-0016: 50.60 m @ 52.05% Fe2O3, 7.21% TiO2, 0.375% V2O5; Hole R-0017: 90.01 m @ 51.86% Fe2O3, 6.76% TiO2, 0.417% V2O5. Top 8 intercepts from the Mineral Resource Estimate Drill Program can be found in Table 3. Completed twenty-one holes (R-0016 to R-0036) to date in 2026, with significant oxide intercepts including 154.77 m (R-0026) and 151.41 m (R-0032), predominantly semi-massive oxide with extensive rhythmic layering. Multiple holes intercepted broad zones of semi-massive oxide up to 87.08 m, confirming increased oxide concentration and thickness in Trapper South. Rhythmic banding and semi-massive to massive oxide mineralization observed consistently, aligning with prior high-grade results from Trapper North. Drilling is progressing efficiently, with 4,492 m already completed in 2026. Hole R-0037 is in progress. Impact Global Solutions Laboratories has received 340 samples from R-0021, -0022 & -0023 on March 9, 2026. Assays expected within a couple of weeks. An additional 507 samples from R-0024, -0025 & -0026 have been cut, sampled and shipped to Impact Global Solutions on March 16, 2026. The results from three additional drill holes (R-0018, R-0019, and R-0020) continue to demonstrate broad and consistent oxide mineralization, reinforcing the potential for a robust resource base. Detailed Logging Highlights from Drill Hole R-0018 to R-0020: Hole R-0018 (Cross-Section S07): Intersected a 111.67-meter-thick oxide zone starting at 44.7 meters downhole, comprising 65.04 meters of semi-massive magnetite and 46.63 meters of rhythmic magnetite layering. The zone ends at 156.37 meters, with the lower contact parallel to a steep-dipping WNW oxide layer (orientation N285 88NW) against gabbronorite host rock. Hole R-0019 (Cross-Section S06): Encountered a 79.95-meter-thick oxide zone, including 40.62 meters of semi-massive and 39.33 meters of rhythmic oxide layers. The zone begins at 41.26 meters with a semi-massive oxide section in E-W magmatic contact (N091 45SW) with gabbronorite, transitioning to rhythmic layering at a lower ESE contact (N097 44SW). A 21.42-meter gabbronorite interval separates this from a second zone starting at 66.55 meters, featuring rhythmic and semi-massive oxide in SE contact (N158 47SW) with gabbronorite, ending at 133 meters. An additional 9.63-meter rhythmic layer occurs from 139.25 to 148.88 meters in SE contact (N156 44SW) with gabbronorite. Hole R-0020 (Cross-Section S05): Intersected an 87.2-meter-thick oxide zone starting at 50.8 meters, including 28.5 meters of semi-massive oxide and 58.7 meters of rhythmic oxide layering. The zone begins with a narrow 4.1-meter rhythmic section in contact (N194 27NW) with gabbronorite, followed by alternating rhythmic layering and gabbronorite until 81.93 meters. The lower contact strikes ESE (N097 66SW) and is within gabbronorite at 138 meters. These logging details align with the consistent SE-striking, west-dipping oxide horizons observed across the Trapper Zone. The semi-massive to massive oxide mineralization remains the core economic target, delivering strong potential for titanium, vanadium, and iron grades. Drilling is progressing efficiently, with 4,492 m already completed in 2026 up to drill hole R-0036, with 6,542 total meters completed for the Mineral Resource Estimate drill program. The drill rig has been moved to drill pads R-0037 & -0038. Impact Global Solutions Laboratories has received 340 samples from R-0021, -0022, and -0023 on March 3, 2026, while an additional 507 samples from R-0024, -0025, and -0026 have been cut, sampled, and prepared for shipping on March 16, 2026. Confirmed mineralization in 36 out of 36 drill holes completed and observed in two primary zones to date. Analytical results to date include numerous oxide-rich intercepts, including: R-0009 94 m to 181.2 m, 87.20 m @ 50.67% Fe2O3, 10.15% TiO2, 0.339% V2O5; R-0008 170 m to 237.6 m, 68.26 m @ 46.15% Fe2O3, 9.21% TiO2, 0.311% V2O5; R-0010 1.5 m to 137 m, 135.50 m @ 50.03% Fe2O3, 7.87% TiO2, 0.352% V2O5; R-0016 44 m to 94.6 m, 50.60 m @ 52.05% Fe2O3, 7.21% TiO2, 0.375% V2O5; R-0015 73.3 m to 174 m, 100.70 m @ 38.56% Fe2O3, 6.80% TiO2, 0.229% V2O5; R-0017 50.6 m to 140.6 m, 90.01 m @ 51.86% Fe2O3, 6.76% TiO2, 0.417% V2O5; R-0019 66.6 m to 112.3 m, 45.7 m @ 49.51% Fe2O3, 6.56% TiO2, 0.374% V2O5; R-0011 58.1 m to 153.3 m, 95.15 m @ 39.49% Fe2O3, 6.49% TiO2, 0.222% V2O5. Confirmed the 16+ km oxide layering trend that stretches from the Hawkeye Zone to the Trapper Zone. Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 64.55% Fe, 13.3% TiO2, and 0.66% V2O5. Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing. The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (about 160 km²). Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion. Vanadiferous titanomagnetite mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway). Radar Project’s prospective oxide layering zone validated over about 16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed in the 2024/2025 field programs. The reliability of the regional airborne magnetic surveys has been demonstrated after ground-truthing and drilling in the 2024 and 2025 field programs.