SAGA Metals Engages Paul McGuigan as its Qualified Person to Oversee Advancement of the Radar Ti-V-Fe Project in Labrador & Provides Corporate Update
SAGA Metals Engages Paul McGuigan as its Qualified Person to Oversee
Advancement of the Radar Ti-V-Fe Project in Labrador & Provides Corporate
Update
VANCOUVER, British Columbia, June 04, 2025 -- 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 appointment of Paul McGuigan, P. Geo., as its Qualified Person on the exploration and development of the
Radar Ti-V-Fe Property (the “Project”) in Labrador. Mr. McGuigan will advise on standards of practice for QAQC, structural
mapping, drilling and deposit modelling.
Mr. McGuigan, a Professional Geoscientist, has 50 years of international experience in economic geology and mineral
exploration management, spanning grassroots exploration to feasibility studies and mining operations. Early in his career, he
was employed by IBM, the Geological Survey of Canada, Imperial Oil, Pechiney Ugine Kuhlmann, Esso Minerals Canada and
Westmin Resources.
For the last 37 years, McGuigan has led Cambria Geological Inc., which has operated in North and South America, West
Africa, the Middle East, the SW Pacific, and Europe. Clients have included private and publicly-listed companies, First Nations
groups, and governments. He has been responsible for multiple feasibility-level projects involving due diligence standards, data
validation, project management, mine rehabilitation, deposit modelling, and QAQC.
In decades of public service, McGuigan was a member of the Consulting Practice and Geoscience Committees of the
Engineers and Geoscientists of BC, an executive/director of the BC Neurological Centre, and president/director of the BC
Centre for Ability Foundation.
McGuigan’s geological expertise includes Fe-Ti-V-P in layered mafic intrusions, iron oxide-copper-gold (IOCG), volcanogenic
massive sulphide, porphyry Cu-Mo-Au, epithermal and orogenic gold, and diamond deposits.
Regarding the Radar V-Ti-Fe project, McGuigan has served in several relevant roles on similar projects. In his early career, he
researched gravity and magnetic separations, which led to novel heavy mineral sampling methods. For Esso Minerals, he
supervised the structural mapping and mineral resource estimation of a complexly deformed, copper-bearing massive
magnetite deposit, significantly improving the head grade and supporting the re-opening of the 8,000 tpd underground Granduc
Mine in BC.
Later, McGuigan co-founded a commercial laboratory with Acme Analytical (now part of the Bureau Veritas group), conducting
mineral separations and identifying and testing indicator minerals.
For a private Latin American group of companies, McGuigan served as the Qualified Person for testing V-Ti-Fe in Proterozoic
layered mafic intrusions, including drilling, bulk sampling, pilot mill construction, and the construction of an on-site laboratory
for mineral separations, XRF analysis, and QAQC. For that same client, McGuigan supervised the definition drilling and
resource estimation of a heavy mineral sands deposit, with significant Ti-Fe in titanomagnetite.
In Canada, McGuigan has served as the Qualified Person and reviewed numerous Superior and Grenville Province V-T-Fe (P)
deposits in layered mafic intrusions. In certain projects, he secured government grants for metallurgical and critical mineral
technology.
Figure 1: 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.
Radar Ti-V-Fe Project 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 mapped at 160km 2 on surface.
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.
Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:
• Analytical results have now been received on all 7 diamond drill holes from the 2025 winter program.
• 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 from the 2025 winter drill program include:
◦ 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ in HEZ-07
◦ 57.7 meters grading 27.09% Fe, 5.305% TiO₂, and 0.365% V₂O₅ in HEZ-07
◦ 25.0 meters grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅ in HEZ-05
◦ 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
◦ 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅ in HEZ-06
◦ 37 meters grading 12.4% Fe, 4.17% TiO₂, and 0.069% V₂O₅ in HEZ-02
◦ 55 meters grading 11.37% Fe, 4.07% TiO₂, and 0.051% V₂O₅ in HEZ-03
(Click here to see SAGA’s news release dated May 5, 2025 for full details on holes HEZ-01 & HEZ-04, here to
see SAGA’s news release dated May 26, 2025 for full details on holes HEZ-05 & HEZ-07 and here to see
SAGA’s news release dated May 29, 2025 for full details on holes HEZ-06, HEZ-02 & HEZ-03)
• 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 Figure 1 for map view).
Marketing Services Agreement with Maximus Strategic Consulting Inc.
The Company also announces that it has entered into an online marketing agreement with Maximus Strategic Consulting Inc.
("Maximus"). Pinnacle Digest and PinnacleDigest.com are business names of Maximus. Maximus has agreed to produce
and distribute, through the email newsletter and YouTube channel of PinnacleDigest.com, a video highlighting the Company
and its projects. Additionally, all the Company's news releases during the term of the online marketing agreement will be
featured in Pinnacle Digest's weekly email newsletter.
The Company's engagement of Maximus will run for a period of four months beginning on June 1, 2025, and the Company will
pay Maximus a fee of C$150,000 (plus GST) paid in two instalments. Maximus' business address is 300 – 1550 5 St. SW
Calgary, Alberta. T2R 1K3, email address is [email protected]. Maximus currently owns 300,000 common shares
in the capital of the Company and 300,000 common share purchase warrants, each exercisable to acquire one common share
at an exercise price of $0.50 per common share until May 23, 2027.
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% U 3O8 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: [email protected]
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 exploration of the Company’s Radar Project.
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 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. 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.