SAGA Metals Corp. (TSXV: SAGA) has reported additional SAGA Metals assay results from three diamond drill holes completed in 2026. The results come from holes R-0027, R-0028, and R-0029 at the Trapper Zone within the 100%-owned Radar titanium-vanadium project near Cartwright, Labrador, Canada. The announcement was released on 28 Apr 2026.
Figure 1: SAGA Metals Corp. corporate logo representing the TSXV-listed critical minerals exploration company [Courtesy: SAGA Metals Corp]
The latest Trapper South drilling results bring the total number of 2026 MRE drill holes with reported assays to fourteen. The Company has now completed 40 holes in total in 2026, with hole R-0056 currently in progress, and 11,128 m drilled in the Trapper Zone to date.
Key Assay Results from Drill Holes R-0027, R-0028, and R-0029
The three newly reported holes each returned broad intercepts of oxide mineralisation from the Trapper South drilling results.
Figure 2: Trapper South drill location map showing the 2026 MRE program layout across cross-sections S4 to S13, overlaid with the 2025 Trapper Zone ground magnetic survey [Courtesy: SAGA Metals Corp]
All three holes intersected consistent rhythmic banding and semi-massive oxide zones, extending the pattern seen across prior holes at the Radar titanium-vanadium project.
Trapper South Assay Highlights at a Glance
What the Drill Hole Logs Reveal
Hole R-0027 was drilled on cross-section S06 at a total depth of 217 m. The oxide zone spans a core interval of 94.1 m, with a true thickness of 73.89 m, comprising 59.86 m of rhythmic oxide layering and 34.24 m of semi-massive oxide.
Hole R-0028 undercut R-0027 on the same section at a steeper angle, reaching a total depth of 227 m. The oxide zone spans a core interval of 109.56 m, with a true thickness of 57.38 m. It includes 87.1 m of rhythmic oxide layering and 22.46 m of semi-massive oxide.
Figure 3: Cross-section S6 looking northwest, showing oxide intercepts from holes R-0027 and R-0028 alongside the 3D magnetic inversion of the Trapper Zone [Courtesy: SAGA Metals Corp]
Hole R-0029, drilled on cross-section S05 to a total depth of 214 m, returned the highest-grade intercept of the three. The oxide zone spans a core interval of 118.77 m, with a true thickness of 106.17 m.
Figure 4: Cross-section S5 looking northwest, illustrating oxide intercepts from holes including R-0029, with 3D magnetic inversion data from the 2025 Trapper Zone ground survey [Courtesy: SAGA Metals Corp]
It includes 105.39 m of rhythmic oxide layering and 13.38 m of semi-massive oxide, delivering the headline intercept of 38.8 m at 53.02% Fe₂O₃, 6.46% TiO₂, and 0.441% V₂O₅.
SAGA Metals CGO Addresses Scale and Continuity of Results
Michael Garagan, CGO and Director of SAGA Metals, commented on the significance of the latest SAGA Metals assay results for the maiden Mineral Resource Estimate program.
“I am very pleased with the ongoing success of our maiden Mineral Resource Estimate drilling in the Trapper Zone. The latest results from holes R-0027, R-0028, and R-0029 continue to deliver broad, consistent zones of high-quality oxide mineralisation,” Garagan said.
He added: “It is particularly encouraging to see multiple core intercepts now exceeding 100 metres grading over 5% TiO₂ with substantially higher-grade zones. Combined with the fact that we have intersected oxide mineralisation in all 55 drill holes completed to date at the Radar Project, this gives us tremendous confidence in the scale, continuity, and overall strength of the mineralised system as we advance toward our maiden mineral resource estimate.”
About the Radar Titanium-Vanadium Project in Labrador
The Radar titanium-vanadium project spans 24,175 hectares and hosts the entire Dykes River intrusive complex, covering approximately 160 km². This represents a unique position among Western explorers in the critical minerals space.
The Project is located near the town of Cartwright, Labrador, and benefits from established infrastructure, including road access, a deep-water port, nearby hydroelectric power, and an airstrip.
Figure 5: Radar Property overview map showing the distribution of magnetic anomalies and confirmed oxide layering zones across the Dykes River intrusive complex near Cartwright, Labrador [Courtesy: SAGA Metals Corp]
Geological mapping, geophysics, and trenching have confirmed oxide layering across more than 20 km of strike length, with mineralisation remaining open for expansion.
The confirmed 16-plus km oxide layering trend stretching from the Hawkeye Zone to the Trapper Zone demonstrates district-scale potential.
Radar’s Strategic Positioning in the Critical Minerals Sector
Vanadiferous titanomagnetite mineralisation at the Radar Project is comparable to globally significant iron-titanium-vanadium systems, including Panzhihua in China, Bushveld in South Africa, and Tellnes in Norway.
This positions the Radar titanium-vanadium project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.
Consistent grades and thicknesses across the Trapper Zone, with semi-massive to massive oxide reporting up to 72.33% Fe, 13.3% TiO₂, and 0.66% V₂O₅, reinforce the Project’s credentials.
Petrographic analysis has confirmed that the titanomagnetite mineralisation is advantageous for simplified metallurgical processing.
2026 MRE Drill Program Progress
- Forty holes (R-0016 to R-0055) completed in 2026 to date, with hole R-0056 currently in progress
- Oxide mineralisation intersected in all 55 drill holes completed at the Radar Project to date
- Multiple 100 m-plus core intercepts grading over 5% TiO₂ confirmed across the program
- Significant intercept of 198.16 m of semi-massive oxide recorded at hole R-0046
- Total of 11,128 m drilled in the Trapper Zone to date
- Excellent core recovery and representative sampling supporting metallurgical test work
- Logging of holes R-0047 to R-0055 is currently in progress
SAGA Metals TSXV Share Price
SAGA Metals Corp. (TSXV: SAGA) is currently trading at $0.720 per share, with a market capitalisation of $57,858,506. The 52-week range stands at $0.200 to $0.980 per share.
Figure 6: SAGA Metals Corp. (TSXV: SAGA) 12-month share price performance chart [Courtesy: TSXV]
Industry Outlook
The critical minerals sector is experiencing heightened global attention as governments and industry increasingly prioritise supply chain security for titanium, vanadium, and iron.
North American demand for domestically sourced critical minerals continues to grow, driven by clean energy transitions, steel production requirements, and emerging vanadium redox flow battery technology.
Projects with confirmed scale, infrastructure access, and demonstrated grade continuity are particularly well-positioned to attract strategic capital in this environment.
Future Direction and Impact on SAGA Metals Investors
- Completion of remaining 2026 MRE drill holes, with hole R-0056 in progress and the program extending through cross-sections S4 to S13
- Logging and assay reporting for holes R-0047 to R-0055 are currently in progress
- Advancement of metallurgical test work supported by high-quality core recovery achieved across the program
- Maiden Mineral Resource Estimate delivery, which will formally define the scale of the Radar titanium-vanadium project
- Continued expansion of the oxide layering trend across the broader Radar Property, which remains open along strike and at depth
Frequently Asked Questions
Q1. What are the latest SAGA Metals assay results from Trapper South?
Ans. Holes R-0027 to R-0029 returned intercepts including 106.8 m at 44.41% Fe₂O₃ and a high-grade sub-interval of 38.8 m at 53.02% Fe₂O₃, 6.46% TiO₂, and 0.441% V₂O₅.
Q2. How many holes has SAGA Metals drilled at the Radar Project in 2026?
Ans. The Company has completed 40 holes in 2026 to date, totalling 11,128 m drilled in the Trapper Zone, with hole R-0056 currently in progress.
Q3. What minerals does the Radar titanium-vanadium project target?
Ans. The Project targets titanium, vanadium, and iron within vanadiferous titanomagnetite mineralisation across the Trapper and Hawkeye Zones in Labrador.
Q4. Has oxide mineralisation been consistent across all drill holes at Radar?
Ans. Yes. SAGA Metals has intersected oxide mineralisation in all 55 drill holes completed to date at the Radar Project, confirming strong continuity across the mineralised system.
Q5. What is the significance of the Radar Project’s location in Labrador?
Ans. The Radar Property benefits from existing road access, a deep-water port, hydroelectric power, and an airstrip near Cartwright, Labrador, reducing infrastructure risk for future development.
Disclaimer
This article is intended for informational purposes only and does not constitute financial or investment advice. All content is based on the press release issued by SAGA Metals Corp. on 28 Apr 2026. Share price and market capitalisation data reflect figures provided at the time of publication. Investing in securities involves risk. Readers should conduct their own research and seek independent financial advice before making any investment decisions. Colitco does not hold any position in the companies or organisations mentioned.
Sources
https://money.tmx.com/en/quote/SAGA
https://mining.com.au/saga-metals-receives-confidence-in-trapper-zones-scale/
Last modified: April 29, 2026
