VANCOUVER, British Columbia, March 05, 2026 – SAGA Metals Corp., a North American exploration company specializing in critical mineral discoveries, has released promising assay results from the initial two drill holes of its 2026 diamond drilling program. This work is part of the ongoing maiden Mineral Resource Estimate initiative at the Trapper Zone, located within the company's fully owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.
Key Assay Intercepts from Trapper South Drilling
The analytical outcomes from the first two diamond drill holes, which resumed in 2026, reveal substantial oxide mineralization. The top intercepts include:
- Hole R-0016: 50.60 meters at 52.05% iron oxide (Fe₂O₃), 7.21% titanium dioxide (TiO₂), and 0.375% vanadium pentoxide (V₂O₅).
- Hole R-0017: 90.01 meters at 51.86% Fe₂O₃, 6.76% TiO₂, and 0.417% V₂O₅.
To date, the company has completed sixteen drill holes, numbered R-0016 to R-0031, in 2026. These have yielded significant oxide intercepts, with the longest reaching up to 154.77 meters in hole R-0026. The mineralization is predominantly semi-massive oxide, featuring extensive rhythmic layering patterns.
Expanded Drilling Progress and Geological Insights
Multiple holes have intersected broad zones of semi-massive oxide, extending up to 87.08 meters, confirming increased oxide concentration and thickness in the southeastern anomaly of the Trapper South area. The consistent observation of rhythmic banding and semi-massive to massive oxide mineralization aligns with prior high-grade results from the Trapper North section, indicating a robust geological continuity.
Drilling operations are advancing efficiently, with a total of 3,435 meters already completed in 2026. Hole R-0032 is currently in progress. Additionally, the company has submitted 350 samples from holes R-0018, R-0019, and R-0020 to IGS for analysis, with assay results anticipated within the next week.
Detailed Drilling Campaign and Cross-Section Analysis
Following earlier announcements in February 2026, the team has finished sixteen diamond drill holes, with depths ranging from 149 to 302 meters, totaling 3,435 meters drilled. These efforts target the southeastern and southwestern oxide anomalies in Trapper South.
A cross-section labeled S8, looking northwest, illustrates holes R-0016, R-0017, R-0023, and R-0026. It highlights intercepts of semi-massive oxides and the layering sequence, integrated with the 3D Magnetic Inversion data from the 2025 ground magnetic survey of the Trapper Zone. Assays for R-0016 and R-0017 are displayed, while results for R-0023 and R-0026 are pending.
The 2026 phase of MRE drilling commenced with hole R-0016 and has progressed to its sixteenth hole, R-0031. After noting rhythmic banding in cross-section S11, which includes holes R-0012 through R-0015, the team anticipated similar consistency across Trapper South. They were positively surprised to intercept 60 to 90 meters of semi-massive oxide in R-0016 and R-0017, with assays now confirming higher head grades in cross-section S8 compared to S11.
R-0016 marks the first drill hole in Trapper South to intercept semi-massive oxides, with assays returning the aforementioned high-grade results. R-0017 was drilled at the same location to undercut R-0016 at a 70-degree inclination. This hole intersected the oxide zone across a 90.01-meter interval starting at 50.4 meters, comprising 87.1 meters of semi-massive magnetite and 3 meters of rhythmic magnetite layering, grading at the reported levels.
