SAGA Metals Drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 Including 68.2 m at 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5 at Radar Critical Minerals Project in Labrador

SAGA Metals completes largest drill program with thick, high-grade oxide intercepts at Radar Project.

What the company is saying

SAGA Metals Corp. is emphasizing the completion of its maiden Mineral Resource Estimate (MRE) drill program at the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The company highlights six new diamond drill holes (R-0082 to R-0087) at the Trapper Zone, reporting broad and high-grade oxide mineralization, including a standout 495.6 m intercept in R-0085. The narrative stresses the continuity and scale of mineralization, comparing intercept lengths to the height of Central Park Tower to illustrate the system's size. Michael Garagan, CGO & Director, is quoted to reinforce the significance of these results and the ability to now model the oxide layers for the upcoming maiden resource estimate. The tone is confident and data-driven, focusing on technical progress and the scale of the program, which totals 22,432 metres across eighty-five holes—the largest in company history. The announcement prioritizes detailed assay and geological data, with little forward-looking speculation beyond the impending resource estimate.

What the data suggests

The disclosed data show consistent, thick oxide intercepts across multiple drill holes, with R-0085 returning 495.6 m at 37.86% Fe2O3, 5.51% TiO2, and 0.273% V2O5, including several higher-grade intervals such as 68.2 m at 52.95% Fe2O3, 8.57% TiO2, and 0.381% V2O5. Other holes report substantial widths and grades, such as R-0082 (51.8 m at 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5) and R-0087 (43.1 m at 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5). True thicknesses are provided, supporting the credibility of the intercepts. The program totals 22,432 metres over eighty-five holes, with significant oxide intervals commonly ranging from 70–296 m and grades frequently between 45–58% Fe2O3, 6–8% TiO2, and 0.35–0.44% V2O5. All drilling and logging for the MRE are now complete, and the technical data is robust and internally consistent. No resource estimate or economic analysis is yet provided, but the scale and grade of mineralization suggest a potentially significant deposit. All figures are supported by assay data, with no evidence of overstatement or omission.

Analysis

The announcement is a factual and detailed exploration update, providing specific assay results, drill hole details, and program completion status for the Radar Titanium-Vanadium-Iron Project. Nearly all claims are realised and supported by disclosed numerical data, with only a single forward-looking statement regarding the upcoming resource modelling. There is no exaggerated language or overstatement of future value; the tone is positive but proportionate to the technical progress. No large capital outlay or economic projections are discussed, and the benefits (completion of drilling and data for resource modelling) are immediate and concrete. The release does not attempt to inflate expectations beyond the evidence presented, and all technical claims are substantiated by the data.

Risk flags

• ●Resource risk remains high as no maiden mineral resource estimate has yet been published; until tonnage and grade are independently verified, the project's scale and economics are unproven.
• ●Metallurgical and economic risks are unaddressed; while grades and widths are promising, there is no data on recoveries, processing characteristics, or potential operating costs, which are critical for project viability.
• ●Market and funding risk persists; the company has not disclosed its financial position, cash balance, or funding plan for subsequent development stages, leaving uncertainty about its ability to advance beyond exploration.
• ●Geological continuity risk exists; while thick intercepts are reported, the continuity between holes and across the broader deposit is asserted but not yet demonstrated by a formal resource model.
• ●Timeline risk is present; although the MRE is imminent, any delays in resource estimation or subsequent studies could push back value realization and increase holding risk for investors.

Bottom line

SAGA Metals has completed its largest-ever drill program at the Radar Titanium-Vanadium-Iron Project, delivering thick, high-grade oxide intercepts that support the case for a significant deposit. The technical disclosure is thorough, with detailed assay results and true thicknesses, but the absence of a formal resource estimate or economic analysis means the project's value remains unquantified. The company is on the cusp of a major milestone, with the maiden resource estimate expected soon, which will be the critical next catalyst for investors. Until that resource is published, the investment case rests on technical promise rather than proven value. The most important takeaway is that SAGA has delivered the necessary technical groundwork, but the project's scale and economics will only be clear once the maiden resource estimate is released.

Announcement summary

(TSXV:SAGA, FSE:20H) SAGA Metals Corp. reported additional assay results from drill holes R-0082, R-0083, R-0084, R-0085, R-0086, and R-0087 at its 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The Trapper Zone, part of an oxide-bearing lopolith including the Falcon and Hawkeye Zones, covers 29 square kilometres. The six new diamond drill holes were completed as part of the maiden Mineral Resource Estimate (MRE) drill program, which was finished in August 2026. Key intercepts include: R-0082 with 51.8 m @ 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5; R-0083 with 25.8 m @ 41.89% Fe2O3, 7.27% TiO2, 0.295% V2O5; R-0084 with 80.9 m @ 36.58% Fe2O3, 6.07% TiO2, 0.201% V2O5; R-0085 with 495.6 m @ 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5, including 14.9 m @ 52.75% Fe2O3, 8.35% TiO2, 0.437% V2O5, 203.2 m @ 44.75% Fe2O3, 6.77% TiO2, 0.336% V2O5, 68.2 m @ 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5, 89.0 m @ 43.36% Fe2O3, 6.39% TiO2, 0.328% V2O5, and 16.9 m @ 45.84% Fe2O3, 6.74% TiO2, 0.377% V2O5; R-0086 with 46.3 m @ 42.44% Fe2O3, 6.77% TiO2, 0.286% V2O5; and R-0087 with 43.1 m @ 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5. Michael Garagan, CGO & Director, stated that R-0085 intersected 495.6 metres of consistent titanium, vanadium, and iron mineralization, and, together with R-0072 (470 m), demonstrates significant width and continuity in the N11 section. Drill hole details include R-0082 (269 m total depth, oxide zone at 115.2 m, 69.6 m wide, true thickness 58.4 m), R-0083 (263 m total depth, oxide zone at 10.0 m, 87.6 m wide, true thickness 76.0 m), R-0084 (164 m total depth, oxide zone at 33.4 m, 79.1 m wide, true thickness 64.5 m), R-0085 (503 m total depth, oxide zone at 10.1 m, 408.5 m wide, true thickness 284.2 m), R-0086 (131 m total depth, oxide zone at 40.6 m, 48.6 m wide, true thickness 47.8 m), and R-0087 (89 m total depth, oxide zone at 1.5 m, 55.4 m wide, true thickness 45.3 m). The total MRE drill results now cover eighty (80) diamond drill holes. The maiden MRE drill program at Trapper Zone is complete, totaling 22,432 metres, the largest in the company's history. Completed eighty-five (85) holes (R-0008 to R-0092) with significant oxide intercepts ranging from 100 to 485 metres. MRE drilling has returned multiple thick oxide core intercepts ranging from 70-296 metres, with certain assay intervals frequently between 45-58% Fe2O3, 6-8% TiO2, and 0.35-0.44% V2O5. Oriented core, detailed lithological logging, oxide-layering measurements, and structural interpretations have been completed to support three-dimensional geological and resource modelling.

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