SAGA Metals Reports High-Grade Assays from Trapper South Drilling in Labrador
SAGA Metals Reports High-Grade Assays from Labrador Drilling (31.03.2026)

SAGA Metals Announces Promising Assay Results from Trapper South Drilling Campaign

VANCOUVER, British Columbia – SAGA Metals Corp., a North American exploration company specializing in critical mineral discoveries, has released additional assay results from its ongoing 2026 diamond drilling program at the Trapper South zone. The company's latest findings from drill holes R-0021, R-0022, and R-0023 demonstrate substantial mineralization within the Radar Titanium-Vanadium-Iron Project located near Cartwright, Labrador, Canada.

Detailed Assay Highlights from Recent Drilling

The analytical results from three additional diamond drill holes completed in 2026 reveal consistent broad intercepts of oxide mineralization. The key intercepts include:

  • Hole R-0021: 31.38 meters at 53.18% Fe₂O₃, 7.08% TiO₂, and 0.414% V₂O₅
  • Hole R-0022: 30.60 meters at 49.40% Fe₂O₃, 6.61% TiO₂, and 0.373% V₂O₅
  • Hole R-0023: 86 meters at 45.50% Fe₂O₃, 5.50% TiO₂, and 0.367% V₂O₅

These results bring the total number of reported 2026 Mineral Resource Estimate drill holes to eight, with multiple holes returning thick oxide zones exceeding 70 to 90 meters. The head grades frequently surpass 45–53% Fe₂O₃, 6–7% TiO₂, and 0.37–0.41% V₂O₅, indicating robust mineralization quality.

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Expanding the Mineral Resource Estimate Program

To date, SAGA Metals has completed thirty holes (R-0016 to R-0045) in 2026, with significant oxide intercepts including a notable 159.65 meters in hole R-0034. The drilling has consistently revealed rhythmic banding and semi-massive to massive oxide mineralization, aligning with prior high-grade results from the Trapper North zone.

The company has progressed efficiently with 8,144 meters completed in the Trapper Zone, and hole R-0046 is currently in progress. Excellent core recovery and representative sampling support ongoing metallurgical test work, which is crucial for advancing the maiden Mineral Resource Estimate.

Management Commentary on the Results

Michael Garagan, Chief Growth Officer and Director of SAGA Metals, commented on the findings: "These new assays from drill holes R-0021 to R-0023 at Trapper South continue to demonstrate the impressive level of consistency we are seeing across the board—not only from the broad oxide zones but also the strong head grades of titanium, vanadium, and iron."

He added, "Intercepts such as 31.38 meters at 53.18% Fe₂O₃, 7.08% TiO₂, and 0.414% V₂O₅ in R-0021, along with the equally solid results in R-0022 and R-0023, reinforce the continuity and quality of the mineralization. With semi-massive oxide zones thickening in Trapper South, aligning with Trapper North, we are gaining growing confidence in the scale and uniformity of the system as we advance toward our maiden Mineral Resource Estimate."

Garagan emphasized that these consistent assay results, combined with visual confirmation of semi-massive to massive oxide mineralization and rhythmic banding across multiple drill sections, provide a strong foundation for metallurgical test work and resource modeling. The high core recovery and representative samples from the Trapper Zone will enable SAGA to advance beneficiation studies on the oxide mineralization, supporting the company's goal of delivering a maiden Mineral Resource Estimate in 2026 and de-risking the project toward future economic assessment.

Context and Previous Results

As previously reported on March 5 and March 18, 2026, analytical results for the first five diamond drill holes of the 2026 drill program included:

  1. Hole R-0016: 50.60 meters at 52.05% Fe₂O₃, 7.21% TiO₂, and 0.375% V₂O₅
  2. Hole R-0017: 90.01 meters at 51.86% Fe₂O₃, 6.76% TiO₂, and 0.417% V₂O₅
  3. Hole R-0018: 70.3 meters at 42.64% Fe₂O₃, 5.66% TiO₂, and 0.288% V₂O₅
  4. Hole R-0019: 45.7 meters at 49.51% Fe₂O₃, 6.56% TiO₂, and 0.374% V₂O₅
  5. Hole R-0020: 40.7 meters at 37.62% Fe₂O₃, 4.93% TiO₂, and 0.239% V₂O₅

The top ten intercepts from the Mineral Resource Estimate Drill Program are detailed in the company's official tables, highlighting the project's potential for critical mineral extraction.

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