Highlights
- SAGA Metals Corp. (TSXV: SAGA; OTCQX: SAGMF; FSE: 20H) reported assays from six more holes at the Trapper Zone of its Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador.
- Hole R-0085 returned 495.6 meters (downhole length) grading 37.86% Fe2O3, 5.51% TiO2 and 0.273% V2O5, including 68.2 meters at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5.
- Radar has no current mineral resource estimate; independent firm GeoGlobal LLC has been engaged to prepare the first one under NI 43-101.
SAGA Metals Corp. (TSXV: SAGA; OTCQX: SAGMF; FSE: 20H) released another batch of drill results from its Radar project in southeastern Labrador on October 7, 2026, according to a press release distributed via PRNewswire. The six holes, R-0082 through R-0087, come from the Trapper Zone. All six hit oxide mineralization.
The real target is the resource. These assays feed SAGA’s first mineral resource estimate for Trapper, and only five holes are still outstanding.
The Numbers
R-0085 is the standout. It returned 495.6 meters grading 37.86% iron oxide (Fe2O3), 5.51% titanium dioxide (TiO2) and 0.273% vanadium pentoxide (V2O5). Inside that run sits a richer 68.2-meter stretch at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5.
Labs report iron, titanium and vanadium this way, as oxides, because that’s the form the metals take in the rock.
One caution on length. The 495.6 meters is measured along a hole drilled at a 55-degree angle, so it overstates the width of the body itself. SAGA’s logging puts the oxide zone in R-0085 at 408.5 meters downhole, or an estimated 284.2 meters of true thickness. The release doesn’t give a true thickness for the full assay interval. Still a very thick intercept.
The other five holes were shorter:
- R-0082: 51.8 m at 36.12% Fe2O3, 6.18% TiO2, 0.190% V2O5
- R-0083: 25.8 m at 41.89% Fe2O3, 7.27% TiO2, 0.295% V2O5
- R-0084: 80.9 m at 36.58% Fe2O3, 6.07% TiO2, 0.201% V2O5
- R-0086: 46.3 m at 42.44% Fe2O3, 6.77% TiO2, 0.286% V2O5
- R-0087: 43.1 m at 46.24% Fe2O3, 7.87% TiO2, 0.279% V2O5
R-0085 shares a cross-section with R-0072, an earlier hole that cut 470 meters of the same oxide sequence. Michael Garagan, SAGA’s CGO and a company director, said the pair gives that section “a width and a continuity that a single spectacular hole cannot.”
Why Titanium and Vanadium
Radar hosts vanadiferous titanomagnetite, or VTM. Think of it as iron ore that carries titanium and vanadium along for the ride.
Most vanadium goes into strengthening steel. It’s also the key ingredient in vanadium redox flow batteries, a grid-scale storage technology. Titanium ends up in white pigments and in light, strong alloys for aircraft.
Both metals sit on Canada’s and the U.S. critical minerals lists, and supply is concentrated. China, Russia and South Africa produce most of the world’s vanadium. SAGA compares Radar to China’s Panzhihua and South Africa’s Bushveld, two major iron-titanium-vanadium systems. That comparison is the company’s own. Radar doesn’t yet have a defined resource to measure against them.
Metallurgy and Access
SAGA says bench-scale tests using Temas’ proprietary RCL process recovered up to 90.8% of the titanium, 97.4% of the vanadium and 91.5% of the iron. Bench tests are an early step. Lab-scale recoveries don’t always hold at pilot or commercial scale.
Location helps. The property lies about 10 km south of Cartwright, with a deep-water port, an airport, year-round road access and regional hydro power from Muskrat Falls and Churchill Falls.
What Comes Next
The program wrapped in August at 22,432 meters across 85 holes, the largest in company history. Lab work is done. SAGA expects the last assays, for holes R-0088 to R-0092, within about a week.
Then GeoGlobal LLC, an independent consultant, will prepare the maiden resource estimate under NI 43-101, Canada’s disclosure standard for mineral projects. Until it lands, there’s no tonnage or average grade for Trapper as a whole. The release gives no completion date.
Dr. A. Miller, P.Geo., whom the company describes as an independent Qualified Person under NI 43-101, reviewed and approved the technical information in the release.
Sources
Editorial Disclosure
This article is based on a corporate press release issued by SAGA Metals Corp. on October 7, 2026, and distributed via PRNewswire. Securities discussed: SAGA Metals Corp. (TSXV: SAGA | OTCQX: SAGMF | FSE: 20H). Mining Markets Report has not received compensation from SAGA Metals, its management, investor relations representatives, or any third party for the creation of this specific coverage. No staff member, principal, or affiliate of Mining Markets Report holds a position, option, or interest in this security as of the publication date. Drill intervals are reported as downhole lengths unless otherwise stated. Metallurgical recoveries cited come from bench-scale testing and may not be representative of larger-scale results. No current Mineral Resource or Mineral Reserve estimate has been published for the Radar Project. Statements regarding the planned maiden mineral resource estimate, the timing of remaining assay results, metallurgical performance, and the project’s potential are forward-looking statements. They are subject to operational risks, geological uncertainties, and regulatory approvals; actual outcomes and timing may differ materially. Mineral exploration and small-cap mining stocks carry an extremely high degree of financial risk. Early-stage exploration companies often have no revenues, are speculative in nature, and can result in the total loss of invested capital. This overview is published strictly for informational, news-reporting, and educational market context purposes only. It does not constitute an investment recommendation, endorsement, or professional financial, legal, or tax advice.
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