SAGA Metals (TSX-V:SAGA) has returned assays from the first two holes of drilling at the Trapper Zone within the Radar Titanium-Vanadium-Iron Project in Labrador, Canada.
Diamond drilling is still ongoing at the project, with 16 holes completed to date across 3,435m. The drilling campaign is intended to establish a maiden resource estimate for the Trapper Zone.
Assays include 50.6m @ 52.05% iron oxide, 7.21% titanium dioxide, and 0.375% vanadium oxide from hole R-0016, and 90.01m @ 51.86% iron oxide, 6.76% titanium dioxide, and 0.417% vanadium oxide from hole R-0017.
SAGA says broad zones of semi-massive oxide mineralisation extending up to 87.07m confirms the presence of increased concentration and thickness in the southeastern anomaly.
Meanwhile, the company expects to return assays from holes R-0018, R-0019, and R-0020 within a week, with the Impact Global Solutions laboratory in Québec currently holding 350 samples.
Director Michael Garagan says assays confirm ”significantly elevated grades” that sit in line with the increase in semi-massive oxide mineralisation returned from southern holes.
“This is exactly the kind of positive development that strengthens our confidence in the overall Trapper Zone potential as we build toward a maiden mineral resource estimate,” Garagan says.
“At the same time, the drill rig is advancing at an outstanding pace – we’ve already completed 16 holes totalling 3,435 m and are pushing forward on R-0032 – allowing us to rapidly expand our dataset and unlock more of this exciting layered system.”
SAGA Metals is a North American explorer and developer focused primarily on critical minerals that support the transition to supply security.
Write to Maddison Elliott at Mining.com.au
Images: SAGA Metals
