SAGA Metals (TSX-V:SAGA) has received assays from an ongoing diamond drilling program at the Radar Titanium-Vanadium-Iron Project in Canada, returning consistent broad intercepts of oxide mineralisation.
Results include 97.6m @ 43.54% iron oxide (Fe2O3), 6.62% titanium dioxide (TiO2), 0.277% vanadium pentoxide (V2O5), including 66.1m @ 47.65% Fe2O3, 7.36% TiO2, and 0.317% V2O5; and 87.3m @ 33.39% Fe2O3, 4.65% TiO2, 0.207% V2O5.
SAGA says the results underscore the growing potential for a sizeable mineral resource estimate (MRE) that could create “meaningful long-term value”.
Director Michael Garagan says the latest results continue to deliver exactly what the company wants to see as it advances toward a maiden MRE.
“With 50 holes now assayed, 71 holes completed, more than 18,600m drilled, and excellent core recovery throughout, the dataset is updated daily and rapidly solidifying,” Garagan says.
“We are currently drilling holes R-0079 and R-0080 and expect to wrap up the maiden MRE drill program within the next couple of weeks. These results further reinforce the growing scale and potential of the Radar Project as a significant critical minerals asset in Labrador.”
The latest results bring the total number of assayed diamond drill holes for the maiden MRE program to 50.
The Radar Project comprises 690 mineral claims across nine mineral licences, totalling 24,175 hectares in southeastern Labrador. The property completely encloses the Dykes River Intrusive Complex.
SAGA Metals is a North American explorer focused on discovering a diversified suite of critical minerals.
Write to Aaliyah Rogan at Mining.com.au
Images: SAGA Metals
