SAGA Metals Unveils Encouraging Assay Results from Radar Titanium-Vanadium Project

Saga Metals Corp. a North American exploration company focused on critical minerals, has announced promising assay results from its summer 2024 field program at the Radar Titanium-Vanadium (Ti-V) project in Labrador. Spanning 17,250 hectares and located about 10 km south of Cartwright, the project is easily accessible by road. Early assessments indicate the potential for a classic layered mafic intrusive ore body.

The 2024 exploration effort was dedicated to enhancing prospecting, geological mapping, and soil sampling in areas near previously identified geophysical anomalies. These activities have yielded positive results, confirming Radar's capacity for significant titanium and vanadium mineralization.

• Titanium Dioxide (TiO2): Out of 49 samples, several exceeded 4.0%, with the highest recorded value at 11.1%.

• Vanadium Pentoxide (V2O5): 36 samples surpassed 0.2%, reaching a maximum of 0.63%.

• Iron (Fe): 34 samples showed values over 20%, with a peak of 46.7%.

These results underscore the potential of the Radar project as a valuable critical mineral asset, reinforcing the company’s strategy to develop mineral resources in North America.

During a focused 20-day field program in July 2024, a team comprised of two geologists and six technicians conducted detailed mapping and sampling across several promising zones.

A total of 221 rock samples and 582 soil samples were collected throughout the property, which included standards, blanks, and duplicates. The exploration concentrated on three main target zones known for significant electromagnetic anomalies: the Hawkeye Zone, Trapper Zone, and a Transitional Zone situated between the other two.

Field observations indicated that the Gabbro Norite host rock is mineralized with magnetite, ranging from fine-grained disseminations to massive magnetite layers. Assay results confirmed that both the Hawkeye and Trapper zones exhibit mineralization, establishing an 8 km strike length. Preliminary analysis suggests that the Transitional Zone may connect these two areas, potentially extending the mineralized strike to 9.5 km.

After two years of exploration, Saga Metals has built a comprehensive database of 388 rock samples.

In the Hawkeye Zone, soil sampling revealed significant titanium (Ti) and vanadium (V) anomalies, with values ranging from 1.0% to 2.4% for titanium and from 200 to 445 ppm for vanadium. These anomalies correlate closely with rock sample assays, confirming the area’s mineralization potential. Rock samples from this zone consistently returned values between 2.5% and 11.1% TiO2 and 0.2% to 0.66% V2O5, indicating high-grade titanium and vanadium presence despite limited surface exposure. Several outcrops were successfully cleared to improve sampling access.

The Trapper Zone, extending 4.3 km, is slightly longer than the Hawkeye Zone but has less surface exposure. Initial challenges related to limited outcrop were addressed through an extensive soil grid, which provided geochemical evidence supporting the Trapper Zone’s connection to earlier geophysical anomalies. Key findings include:

• Soil anomalies showing values from 1.0% to 1.1% Ti and 140 to 190 ppm V.

• Rock samples revealing values between 2.5% and 8% TiO2, with up to 0.28% V2O5.

Although only 30 rock samples were collected due to limited exposure, consistent anomalies in both soil and rock samples support further exploration in this area.

The Transitional Zone, located between the Hawkeye and Trapper zones, presents significant exploration opportunities. Understanding its relationship to the other zones could clarify whether they are part of the same geological system or distinct phases of a complex layered mafic intrusion.

Dr. Al Miller, newly appointed to the team, will focus on analysing silicate content and relationships across these zones to identify differences in mineral phases. Preliminary scatter plots indicate that titanium and vanadium are consistently associated with magnetite, prompting further investigation into their behaviour across various stratigraphic levels.

The Grenville Geological Province, known for substantial iron, titanium, and vanadium deposits, is compared to North America’s largest titanium-vanadium project at Lac Tio in Quebec, which shares a similar geological context.

As Saga Metals progresses in its exploration endeavours, the encouraging assay results from the Radar project enhance the company’s standing in the critical minerals sector, paving the way for future development and exploration efforts aimed at unlocking the project’s full potential.