SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador
SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe
Project in Labrador
VANCOUVER, British Columbia, May 26, 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 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
Table 1: 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
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:
• 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 Table 1 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 Figure 2 for map view).
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 1/40 th 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% 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 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: [email protected]
www.SAGAmetals.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
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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 www.sedarplus.ca, 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.
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