SAGA Metals Reports Final Titanium, Vanadium and Iron Assays from MRE Drilling-Maiden Mineral Resource Estimate Imminent

SAGA Metals completes 22,432m drill program with strong titanium, vanadium, and iron assays.

What the company is saying

SAGA Metals Corp. is highlighting the completion of its largest-ever drill campaign—85 holes totaling 22,432 metres—at the Trapper Zone of its 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The company emphasizes that oxide mineralization was intersected in every hole, with the final five holes delivering broad, consistent intercepts, such as 115.3 m @ 42.56% Fe2O3, 7.00% TiO2, 0.257% V2O5 in R-0088 and 188.9 m @ 39.54% Fe2O3, 5.94% TiO2, 0.285% V2O5 in R-0092. The full validated assay and geological dataset has been turned over to GeoGlobal LLC for an independent NI 43-101 mineral resource estimate, which the company expects to receive this quarter. The announcement features detailed technical data, including true thicknesses and mineralization styles, and recaps top intercepts across the program. Michael Garagan, CGO & Director, frames this as a milestone, crediting the team for drilling through challenging conditions and underscoring the consistency of results. The tone is confident and data-driven, with the next deliverable clearly identified as the maiden resource estimate.

What the data suggests

The disclosed data show a completed 85-hole, 22,432-metre diamond drill program at the Trapper Zone, with oxide mineralization intersected in every hole. Final assays from holes R-0088 to R-0092 confirm broad, high-grade intercepts: R-0088 returned 115.3 m @ 42.56% Fe2O3, 7.00% TiO2, 0.257% V2O5; R-0089 included 50.0 m @ 50.49% Fe2O3, 7.62% TiO2, 0.407% V2O5; R-0092 delivered 188.9 m @ 39.54% Fe2O3, 5.94% TiO2, 0.285% V2O5, including 44.0 m @ 54.11% Fe2O3, 8.99% TiO2, 0.369% V2O5. Notable historical intercepts include 495.6 m (1,626 feet) in R-0085 and 485.4 m (1,592.5 feet) in R-0075. The company provides true widths and detailed geological context for each hole, supporting the robustness of the dataset. All data have been delivered to GeoGlobal LLC, which is now finalizing the NI 43-101 resource estimate. No financial figures, cost data, or economic studies are disclosed, but the technical data is comprehensive and sufficient for resource modeling. The next material milestone is the independent resource estimate expected this quarter.

Analysis

The announcement is proportionate in tone, focusing on the completion of a major technical milestone: the delivery of final assay results from the maiden drill program at the Trapper Zone. The bulk of the claims are realised and supported by detailed, specific assay data, drill hole statistics, and campaign metrics. The only forward-looking statements concern the imminent delivery of an independent NI 43-101 mineral resource estimate, expected this quarter, which is a logical next step following the completed drilling and data delivery. There is no exaggerated language about future production, economics, or value creation, and no claims about project scale or profitability beyond what is supported by the technical results. The capital intensity flag is not triggered, as the announcement does not disclose a new or pending large capital outlay—rather, it reports the completion of a previously executed drill campaign. Overall, the narrative is factual and evidence-based, with no material gap between the company's statements and the disclosed reality.

Risk flags

• ●Resource estimate timing risk: While the company states the NI 43-101 technical report is expected this quarter, delays in independent resource modeling or QA/QC validation could push delivery beyond the stated timeframe, affecting near-term catalysts.
• ●Geological continuity and economic risk: Although every hole intersected oxide mineralization and grades are strong, the economic viability of the deposit will depend on the forthcoming resource estimate and subsequent economic studies, which are not yet available.
• ●Funding and development risk: The announcement does not disclose cash position, funding status, or plans for advancing beyond the resource stage. If the resource estimate is positive, significant capital will be required for further studies and development, introducing financing and dilution risk.
• ●Permitting and jurisdictional risk: The project is located near Cartwright, Labrador, Canada. While no permitting or community issues are disclosed, future development will require regulatory approvals and community engagement, which can introduce delays or additional requirements.

Bottom line

SAGA Metals has completed a major technical milestone by drilling 22,432 metres across 85 holes at the Trapper Zone, intersecting oxide mineralization in every hole and reporting strong titanium, vanadium, and iron grades. The full dataset is now with GeoGlobal LLC for an independent NI 43-101 resource estimate, expected this quarter, which will be the first formal resource for the project. The technical disclosure is robust, with detailed assay, width, and geological data, but no financial, cost, or economic figures are provided at this stage. The main value inflection point is imminent, but the project's economic potential remains untested until the resource estimate and subsequent studies are released. Investors should focus on the quality and scale of the forthcoming resource estimate, as well as future disclosures on funding, permitting, and development plans. The most important takeaway is that SAGA Metals has delivered on its operational promises to date, but the project's commercial viability will only become clear with the next round of independent analysis.

Announcement summary

(TSXV:SAGA, OTCQX:SAGMF, FSE:20H) SAGA Metals Corp. announced the final assay results from its maiden Mineral Resource Estimate (MRE) diamond drill program at the Trapper Zone of its 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The Trapper Zone, part of an oxide-bearing lopolith with the Falcon and Hawkeye Zones, collectively covers 29 square kilometres. The drill campaign, completed in August 2026, included 85 holes (R-0008 through R-0092) totaling 22,432 metres over approximately eight months, with oxide mineralization intersected in every hole. The validated assay database, geological model inputs, density data, and QA/QC package have been delivered to GeoGlobal LLC for an independent NI 43-101 mineral resource estimate and technical report, expected this quarter. The final five holes (R-0088 to R-0092) continued to deliver broad, consistent intercepts of oxide mineralization, including: R-0088 with 115.3 m @ 42.56% Fe2O3, 7.00% TiO2, 0.257% V2O5; R-0089 with 78.6 m @ 45.26% Fe2O3, 6.97% TiO2, 0.337% V2O5 (including 50.0 m @ 50.49% Fe2O3, 7.62% TiO2, 0.407% V2O5 and 31.3 m @ 51.17% Fe2O3, 8.28% TiO2, 0.357% V2O5); R-0090 with 43.0 m @ 32.22% Fe2O3, 5.42% TiO2, 0.175% V2O5 (including 20.7 m @ 40.79% Fe2O3, 6.11% TiO2, 0.303% V2O5); R-0091 with 50.9 m @ 39.06% Fe2O3, 6.29% TiO2, 0.234% V2O5; and R-0092 with 188.9 m @ 39.54% Fe2O3, 5.94% TiO2, 0.285% V2O5 (including 44.0 m @ 54.11% Fe2O3, 8.99% TiO2, 0.369% V2O5 and 26.4 m @ 44.23% Fe2O3, 6.24% TiO2, 0.344% V2O5). Drill hole details include R-0088 (458 m total depth, oxide zone 203.6 m wide, true thickness 161.6 m), R-0089 (470 m total depth, oxide zone 324.8 m wide, true thickness 161.9 m), R-0090 (206 m total depth, oxide zone 57.4 m wide, true thickness 50.3 m), R-0091 (233 m total depth, oxide zone 62.4 m wide, true thickness 56.1 m), and R-0092 (221 m total depth, oxide zone 160.6 m wide, true thickness 149.3 m). Notable intercepts from previous holes include 495.6 m (1,626 feet) and 470 m (1,542 feet) in R-0085 and R-0072, and 485.4 m (1,592.5 feet) in R-0075. The top 25 analytical results from the 85 holes are summarized, with highlights such as R-0009: 87.2 m @ 50.67% Fe2O3, 10.15% TiO2, 0.339% V2O5; R-0008: 68.3 m @ 46.15% Fe2O3, 9.21% TiO2, 0.311% V2O5; and R-0092: 44.0 m @ 54.11% Fe2O3, 8.99% TiO2, 0.369% V2O5. The drilling summary table provides true widths of oxide mineralization for all holes, which will be used in the resource estimate. GeoGlobal LLC, led by Dr. Abani R. Samal, Ph.D., CPG, RM-SME, Fellow-SEG, is finalizing the NI 43-101 technical report, including database validation, QA/QC review, geological and oxidation domain construction, compositing and grade interpolation for Fe2O3, TiO2, and V2O5, density assignment, and classification under CIM Definition Standards. The maiden resource estimate for the Trapper Zone is expected this quarter.

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