SAGA Metals Reports Assays from R-0036 to R-0038 with Intercepts Including 50.46% Fe₂O₃, 7.21% TiO₂, 0.395% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
SAGA Metals Reports Assays from R-0036 to R-0038 with
Intercepts Including 50.46% Fe₂O₃, 7.21% TiO₂, 0.395%
V₂O₅ from 2026 Drilling at Trapper South, Radar Critical
Minerals Project in Labrador
VANCOUVER, B.C. – May 27, 2026 – SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA)
(OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral
discoveries, is pleased to report additional assay results from drill holes R- 0036, -0037 and -0038
completed in 2026 as part of its ongoing maiden Mineral Resource Estimate ("MRE") diamond drill
program at the Trapper Zone within the 100% -owned Radar Titanium -Vanadium-Iron Project near
Cartwright, Labrador, Canada.
The Trapper Zone forms part of an oxide corridor that includes the Falcon and Hawkeye Zones
spanning 29 square kilometres near the center of the Property.
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.
Trapper South Assay Highlights
• Analytical results received for three (3) additional diamond drill holes (R-0036 to R-0038)
from the MRE drill program reinitiated in 2026, delivering consistent broad intercepts of oxide
mineralization.
• Key intercepts include:
o Hole R-0036: 73.0 m @ 45.34% Fe₂O₃, 6.31% TiO₂, 0.345% V₂O₅
Including 34.0 m @ 50.46% Fe₂O₃, 7.21% TiO₂, 0.395% V₂O₅
o Hole R-0037: 50.8 m @ 45.93% Fe₂O₃, 6.46% TiO₂, 0.348% V₂O₅
o Hole R-0038: 100.8 m @ 41.23% Fe₂O₃, 5.21% TiO₂, 0.302% V₂O₅
Including 42.4 m @ 46.20% Fe₂O₃, 6.35% TiO₂, 0.364% V₂O₅
• These results now bring the total MRE drill results from 2026 to twenty-three (23) diamond
drill holes received to date. As reported on March 5, 2026, March 18, 2026, March 31, 2026,
April 21, 2026, April 28, 2026, and May 13, 2026, analytical results from the first twenty (20)
diamond drill holes of the 2026 drill program include:
Table 1: MRE drill program assay intercepts previously reported in 2026 from drill holes R-0016 – R-0035.
• Top 10 intercepts from the MRE Drill Program to date can be found in Table 4 below.
• Completed forty-two (42 ) holes (R -0016 to R -0057) to date in 2026, with significant oxide
intercepts including 202.3 m from R-0053 (true thickness of 132.1) of semi-massive oxide
with extensive rhythmic oxide layering.
• These results bring the total number of reported 2026 MRE holes to twenty -three, with
multiple holes returning thick oxide core intercepts exceeding 70–144 metres and certain
assay intervals frequently above 45–54% Fe₂O₃, 6–7% TiO₂ and 0.37-0.44% V₂O₅.
• Rhythmic banding and semi -massive to massive oxide mineralization are observed
consistently in Trapper South, aligning with prior high-grade results from Trapper North.
• Drilling is progressing efficiently, with 11,600 m completed in the Trapper Zone to date.
• Confirmed 29 km2 central oxide corridor
DDH FROM TO L ength True Thickness Fe2O3 TiO2 V205
ID m m m m % % %
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
• Excellent core recovery 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 latest assay results from drill holes R-0036 to R-0038 continue to demonstrate excellent grade
continuity across broad zones of oxide mineralization at Trapper South. With consistent high- grade
intercepts returning strong values in titanium, vanadium and iron, we are successfully unveiling the
true scale and quality of the 29 km² central oxide corridor. The remarkable consistency we are seeing
reinforces the district-scale potential of the Radar Project and builds strong momentum toward our
maiden Mineral Resource Estimate.”
2026 Trapper South Drilling Summary
Table 2: Summary of drill holes R-0016 to R-0057, highlighting the oxide intercepts. Logging of R-0056 & R-
0057 is in progress. See Figures 2 & 3 below, which depict the oxide mineralization in cross sections S 7 and
S9. True thickness represents the perpendicular width of the mineralized zone, while the total downhole
oxide represents the length of the mineralization intercepted downhole.
Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date , including total core samples cut and
prepared.
Total Meters Drilled Total Samples
1313
9550 5376
11600 6689Trapper Total
Trapper South 2025 2050
Trapper South 2026
Figure 2: Trapper South map outlining location of the initial 2026 focus for the remainder of the MRE drill
program to be completed in 2026, including cross-sections S14, S13, S12, S11, S10, S9, S8, S7, S6, S5, and
S4, showing the TMI of the 2025 Trapper Zone ground magnetic survey.
The latest results from these drill holes, R -0036, R -0037 and R -0038, 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-0036 to R-0038
• Hole R -0036 (Cross-Section S07): Drill hole R -0036 under cut R-0018 and was drilled on
section S0 7 with an attitude of - 70° towards 38° with a total depth of 21 2 m. The hole
intersected a 76.6 m oxide zone from 47.4 m to 128.0 m. The interval is dominated by 68.0 m
of semi-massive to massive oxide mineralization, with 8.6 m of rhythmic layering.
• Hole R -0037 (Cross-Section S 09): Drill hole R -0037 was drilled on section S09 with an
attitude of -45° towards 38° with a total depth of hole of 206 m. The oxide zone starts at 42.6
m at the lower contact of a small felsic dyke and extends to 146 m, for a total oxide
mineralization of 103.4 m. The interval is composed of 52.6 m of rhythmic banding with 50.8
m of semi-massive oxide.
• Hole R -0038 (Cross-Section S09): Drill hole R -0038 under cut R -0037 and was drilled on
section S09 with an attitude of -70° towards 38° with a total depth of hole of 182 m. The oxide
zone is 100. 9 m thick (true thickness of 73.7 m). The oxide zone includes rhythmic oxide
layering (45.0 m total) and semi-massive oxide (55.9 m total) ending at 146.2 m at a magmatic
contact with a felsic dyke.