SAGA Metals Reports Progress on MRE Drilling at Trapper South in Labrador
SAGA Metals Updates on MRE Drilling at Trapper South

SAGA Metals Provides Further Update on MRE Drilling Program at Trapper South, Radar Critical Minerals Project in Labrador

VANCOUVER, British Columbia, Feb. 19, 2026 — SAGA Metals Corp., a North American exploration company focused on critical mineral discoveries, has announced an operational update for its ongoing 2026 phase of the maiden Mineral Resource Estimate diamond drill program. The program is taking place at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.

Drill Program Highlights

The company has completed ten diamond drill holes, totaling 2,039 meters, with confirmed oxide mineralization in all logged holes. Key findings include:

  • Significant oxide intercepts ranging from 46.1 meters to 111.67 meters, predominantly featuring semi-massive oxide with extensive rhythmic layering.
  • Multiple holes intercepted broad zones of semi-massive oxide up to 87.08 meters, indicating increased oxide concentration and thickness in the southeastern anomaly.
  • Quick logs suggest that oxide zones from holes R-0023 through R-0026 are increasing in thickness, with a potential average of 100 meters in each hole.
  • Rhythmic banding and semi-massive to massive oxide mineralization have been consistently observed, aligning with prior high-grade results from Trapper North.
  • Drilling is progressing efficiently, with the eleventh hole nearing completion.

Assay and Sample Updates

In terms of sample processing, 209 samples from holes R-0016 and R-0017 were received by Impact Global Solutions Laboratory in Montreal, Quebec, on February 14, 2026, with assays expected in about one week. Additionally, 350 samples from holes R-0018, R-0019, and R-0020 have been prepared for shipping to IGS at the end of the week.

Detailed Drill Hole Summary

The following table summarizes the drill holes completed to date, highlighting oxide intercepts and other key metrics. Logging for holes R-0024 and R-0025 is currently in progress.

Table 1: Summary of Drill Holes R-0016 to R-0025

  • R-0016: Total depth 206 meters, with 45.84 meters of semi-massive oxide and 12.16 meters of rhythmic layering, totaling 58 meters of oxide.
  • R-0017: Total depth 161 meters, featuring 50.56 meters of semi-massive oxide and 39.52 meters of rhythmic layering, totaling 90.08 meters of oxide.
  • R-0018: Total depth 188 meters, with 44.71 meters of semi-massive oxide and 66.96 meters of rhythmic layering, totaling 111.67 meters of oxide.
  • R-0019: Total depth 182 meters, including 66.55 meters of semi-massive oxide and 28.9 meters of rhythmic layering, totaling 95.45 meters of oxide.
  • R-0020: Total depth 206 meters, showing 50.81 meters of semi-massive oxide and 36.39 meters of rhythmic layering, totaling 87.2 meters of oxide.
  • R-0021: Total depth 152 meters, with 81.28 meters of semi-massive oxide and 12.57 meters of rhythmic layering, totaling 93.85 meters of oxide.
  • R-0022: Total depth 149 meters, featuring 22.51 meters of semi-massive oxide and 59.68 meters of rhythmic layering, totaling 82.19 meters of oxide.
  • R-0023: Total depth 272 meters, including 100.48 meters of semi-massive oxide and 76.44 meters of rhythmic layering, totaling 176.92 meters of oxide.
  • R-0024 and R-0025: Logging is in progress, with total depths of 248 meters and 275 meters, respectively.

This drilling targets the southeastern and southwestern oxide anomalies in Trapper South, building on the company's previous news release from February 12, 2026. A longitudinal section of select drill holes highlights approximately 700 meters of strike length for semi-massive oxides and rhythmic layering, integrated with the 3D Magnetic Inversion from the 2025 Trapper Zone ground magnetic survey.