SAGA Metals (TSX-V:SAGA) has received its second diamond drill rig on site, doubling its drilling capacity to around 400m per day at the Radar Titanium-Vanadium-Iron Project in Labrador, Canada.
The company notes that the second drill rig is strategic as it focuses on completing the maiden mineral resource estimate (MRE) at the Trapper Zone, while also staying on track for the MRE 43-10 technical report later in 2026.
SAGA has completed 13,149m of drilling to date. The company currently has one drill rig at Trapper North, with the other at Trapper South, working in a more aggressive and systematic method as the company focuses on both the maiden MRE and expanding the mineralised footprint of the project.
The Trapper Zone is part of an oxide corridor including the Falcon and Hawkeye Zones that span 29km2 at the centre of the Radar Project.
Director Michael Garagan says the second drill rig is a “significant step” in SAGA’s drill program.
“It allows us to meaningfully accelerate our drilling and stay firmly on track to complete the holes required for our maiden mineral resource estimate.
“With strong momentum building, we’ve now advanced to hole R-0064 as we continue to systematically expand and define the mineralised zones.”
Drill highlights
SAGA has received the results for 39 diamond drill holes to date from this MRE program, with the company noting consistent broad intercepts of oxide mineralisation.
The company has completed 57 holes since Q4 2025, with ‘significant’ oxide intercepts, including 224.1m from R-0061, with a true thickness of 204.7m, containing semi-massive oxide with extensive rhythmic oxide layering.
To date, SAGA has confirmed mineralisation in all of the 61 drill holes completed, with analytical results including numerous oxide-rich intercepts. The company has also confirmed consistent grades and thicknesses, with semi-massive to massive oxide reporting up to 72.33% iron oxide, 13.3% titanium dioxide, and 0.66% vanadium oxide.
The Radar property itself comprises 690 mineral claims across nine mineral licences, totalling around 24,175 hectares.
SAGA has also reported a renewed relationship with Simone Capital, with a consulting agreement dated 1 July 2026. Simone Capital is to provide SAGA with consulting and marketing services for a period of 180 days, with SAGA paying a fee of C$10,000 ($10,210) per month over the six-month term.
SAGA Metals is a North American mining company focused on exploration and discovery of critical minerals to support the North American transition to supply security.
Write to Amy Rotman at Mining.com.au
Images: SAGA Metals
