The 2024 Radar Ti-V exploration program targeted on increasing prospecting, geological mapping, and soil sampling in areas close to beforehand recognized geophysical anomalies. These efforts have produced encouraging outcomes that reinforce Radar’s potential for internet hosting vital titanium and vanadium mineralization.
Key Complete Database Assay Highlights Embrace:
- Titanium Dioxide (TiO2): 49 samples returned assay values exceeding 4.0%, with a peak worth of 11.1%.
- Vanadium Pentoxide (V2O5): 36 samples exceeded 0.2%, with a excessive of 0.63%.
- Iron (Fe): 34 samples returned values over 20%, reaching a excessive of 46.7%.
These promising outcomes underscore Radar’s potential as a essential mineral asset and assist the corporate’s strategic give attention to creating essential mineral belongings in North America.
Radar Venture and corresponding geophysics spotlight a number of anomalies throughout the property
Over a 20-day interval in July 2024, a crew of two geologists and 6 discipline technicians performed detailed mapping, prospecting, and soil sampling throughout a number of extremely potential zones.
Key Program Particulars:
Samples Collected: A complete of 221 rock samples and 582 soil samples have been collected (together with requirements, blanks, and duplicates) throughout the complete property.
Goal Zones: Fieldwork targeted on three zones internet hosting vital electromagnetic anomalies, now named:
- Hawkeye Zone
- Trapper Zone
- Unnamed Transitional Zone (between Hawkeye and Trapper)
Rock samples with corresponding titanium oxide (TiO2) and vanadium oxide (V2O5) values all through the anomalous zones
Discipline observations persistently recognized Gabbro Norite host rock mineralized with magnetite, starting from fine-grained disseminations to large magnetite layers. Assay outcomes have confirmed the magnetic anomalies inside each the Hawkeye and Trapper zones are mineralized, establishing a mixed 8km strike size between the 2 zones. Preliminary indications recommend a doable connection between the developments by way of a transitional zone, which will increase the mineralized strike to 9.5km by way of verified samples.
After two years of exploration at Radar, Saga Metals now has a complete database of 388 rock samples. Assay outcomes have yielded the next key values within the desk beneath:
Abstract of 2023 & 2024 assay outcomes with 2% Ti cut-off grade in inexperienced and growing to highest values in pink
Hawkeye Zone Yields Robust Titanium and Vanadium Anomalies in Soil and Rock Samples:
Soil sampling within the Hawkeye Zone revealed vital anomalies for titanium (Ti) and vanadium (V) , with values starting from 1.0 – 2.4% Ti and 200 – 445 ppm V . These soil anomalies carefully correlate with rock pattern assays, additional validating the mineralization potential of the zone.
Rock samples collected from the Hawkeye Zone persistently returned values between 2.5 – 11.1% TiO2 and 0.2 – 0.66% V2O5 , confirming the presence of high-grade titanium and vanadium regardless of restricted floor publicity. A number of outcrops have been efficiently stripped all through the zone, enabling higher entry for sampling and future exploration work.
These outcomes underscore the potential of the Hawkeye Zone as a key goal for additional exploration.
Ti% in soil samples mixed with TiO2% taken in rock samples over the principle publicity of the Hawkeye Zone.
V ppm in soil samples mixed with V2O5% taken in rock samples over the principle publicity of the Hawkeye zone
Ti vs V scatter plot for the Hawkeye zone
Trapper Zone Reveals Promising Titanium and Vanadium Anomalies Regardless of Restricted Publicity:
The Trapper Zone spans a strike size of 4.3km , barely longer than the Hawkeye Zone, although it has considerably much less floor publicity. The shortage of outcrop and subcrop initially posed challenges for the exploration crew; nonetheless, the implementation of an in depth soil grid efficiently yielded the primary geochemical affirmation of the Trapper Zone’s correlation with beforehand recognized geophysical anomalies.
Key findings from the Trapper Zone embrace:
- Soil anomalies with values starting from 1.0 – 1.1% Ti and 140 – 190 ppm V .
- Rock pattern anomalies with values between 2.5 – 8% TiO2 and as much as 0.28% V2O5 .
Though solely 30 rock samples have been collected on account of restricted publicity and floor cowl, the constant anomalies present in each soil and rock samples present compelling proof to justify focused exploration on this zone.
Additional work, together with extra floor sampling, trenching, and geophysical surveys, is deliberate to unlock the complete potential of the Trapper Zone.
Ti in soils and TiO2% in rock samples over the magnetic anomalies of the Trapper zone displaying the parallel pattern and proof of idea of the realm
V ppm in soils and V2O5% in rock samples over the magnetic anomalies of the Trapper zone displaying the parallel pattern and proof of idea of the realm
Ti vs V scatter plot for the Trapper zone
Transition Zone Presents Key Alternative for Additional Understanding of Radar Ti-V System:
A doable third, transitional zone, situated between the Hawkeye and Trapper zones, presents a big alternative for additional exploration. Whereas its relationship to both zone stays unclear, this transitional space might assist decide whether or not the Hawkeye and Trapper zones are folded limbs of the identical system or signify completely different phases of a multi-phase, complicated layered mafic intrusion.
One of many major targets of newly appointed Dr. Al Miller (see information launch dated Oct 1, 2024 right here ) might be to investigate the silicate content material and relationships throughout these zones to uncover variations of their mineral phases. This work might be essential in understanding the genesis and construction of the system. Preliminary scatter plots of assay outcomes verify that titanium (Ti) and vanadium (V) are persistently locked inside magnetite. Dr. Miller will discover how these components behave throughout completely different stratigraphic ranges and pattern places.
This analysis will deepen the corporate’s understanding of the challenge’s geology and inform future exploration methods.
Ti vs V scatter plot for the Centre zone
Michael Garagan, CGO & Director of Saga Metals Corp., states, “the largest success of this previous season was our proof of idea that Ti and V mineralization exists over a big space of the property. Due to geophysical information from Cameron Martin, we have been capable of take a look at the parallel Trapper zone and show localized mineralization. The crew is making ready detailed geophysics over the Hawkeye zone this fall to delineate drill targets in a future program. I am really excited that in solely two brief discipline seasons now we have moved the Radar challenge to drill prepared standing confirming precedence zones for a maiden program in 2025.”
Comparable Initiatives within the Grenville Geological Province:
A Map of the Grenville Geological Province
The Grenville Geological Province is understood for its vital deposits of iron, titanium, vanadium (Fe-Ti-V), and Platinum Group Metals (PGM). A key comparability level is North America’s largest titanium-vanadium challenge, situated at Lac Tio in Quebec, simply southwest of Saga’s Radar Venture. Notably, each initiatives share the identical wealthy geological setting.
Strategic Sources is a Montreal-based improvement firm targeted on vanadium, high-purity iron ore and titanium with their BlackRock challenge situated in Quebec west of Lac Tio proper on the Grenville Entrance (as seen within the map above).
Like, the Radar Ti-V challenge, these initiatives all have basement rock dated over 1 billion years outdated, and all share parts of the deep-rooted mafic rock of the Grenville Province.
Strategic Sources accomplished an amended feasibility research 1 on March 26, 2024, on the Southwest deposit hosted throughout the BlackRock challenge confirming a confirmed and possibly reserve of 127.8Mt with 0.46% V2O5, 40.2% Fe2O3 and seven.8% TiO2. The Southwest deposit spans 2.5km in size and averaging 110m in mineralized thickness with a projected mine lifetime of 39 years. The projected monetary end result of the mine estimates after-tax cashflows of C$12.055 billion with a 5.4-year payback interval together with an after-tax net-present-value (8%) of C$1.932 billion and an 18.2% after-tax inside charge of return.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining firm targeted on the exploration and discovery of essential minerals that assist the worldwide transition to inexperienced vitality. The corporate’s flagship asset, the Double Mer Uranium Venture, is situated in Labrador, Canada, protecting 25,600 hectares. This challenge options uranium radiometrics that spotlight an 18-kilometer east-west pattern, with a confirmed 14-kilometer part producing samples as excessive as 4,281ppm U 3 O 8 and spectrometer readings of twenty-two,000cps.
Along with its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay area. This challenge, developed in partnership with Rio Tinto, has been expanded by way of the acquisition of the Amirault Lithium Venture. Collectively, these properties cowl 65,849 hectares and share vital geological continuity with different main gamers within the space, together with Rio Tinto, Winsome Sources, Azimut Exploration, and Loyal Lithium.
SAGA additionally holds secondary exploration belongings in Labrador, the place the corporate is concentrated on the invention of titanium, vanadium, and iron ore. With a portfolio that spans key minerals essential to the inexperienced vitality transition, SAGA is strategically positioned to play an important position within the clear vitality future.
For extra data, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
E-mail: information@sagametals.com
www.sagametals.com
Certified Individuals
Peter Webster, P. Geo., of Mercator Geological Companies Restricted are every a “certified particular person” as outlined below Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (” NI 43-101 “) and have reviewed and permitted the scientific and technical content material of this information launch concerning the Radar Property.
The TSX Enterprise Alternate has not reviewed and doesn’t settle for duty for the accuracy or adequacy of this launch. Neither the TSX Enterprise Alternate nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
- Particulars of Strategic Sources feasibility research performed on the BlackRock challenge will be discovered on their web site right here or Strategic Sources Inc’s sedarplus profile right here www.sedarplus.ca
Cautionary Disclaimer
This information launch accommodates forward-looking statements throughout the which means of relevant securities legal guidelines that aren’t historic details. Ahead-looking statements are sometimes recognized by phrases akin to “will”, “might”, “ought to”, “anticipates”, “expects”, “believes”, and related expressions or the destructive of those phrases or different comparable terminology. All statements aside from statements of historic reality, included on this launch are forward-looking statements that contain dangers and uncertainties. Specifically, this information launch accommodates forward-looking data pertaining to plans with respect to samples from its mineral exploration properties. There will be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Vital elements that would trigger precise outcomes to vary materially from the Firm’s expectations embrace, however usually are not restricted to, adjustments within the state of fairness and debt markets, fluctuations in commodity costs, delays in acquiring required regulatory or governmental approvals, environmental dangers, limitations on insurance coverage protection, failure to fulfill closing circumstances in respect of the Providing, dangers and uncertainties concerned within the mineral exploration and improvement trade, and the dangers detailed within the Prospectus and accessible below the Firm’s profile at www.sedarplus.ca, and within the steady disclosure filings made by the Firm with securities laws every so often. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, on account of quite a few identified and unknown dangers, uncertainties, and different elements, a lot of that are past the management of the Firm. The reader is cautioned to not place undue reliance on any forward-looking data. Such data, though thought of affordable by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will replace or revise publicly any of the included forward-looking statements solely as expressly required by relevant legislation.
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