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Saga nears first resource with broad titanium-vanadium hits
['Canadian Mining Journal Staff']
Canadian Mining Journal
High-grade assays from Saga Metals’ (TSXV: SAGA; US-OTC: SAGMF) Radar titanium-vanadium-iron project in Labrador reveal continuity across wide areas of oxide mineralization and point to the potential size of the Trapper deposit as Saga prepares to release an initial resource.
“These results further reinforce the growing scale and potential of the Radar project as a significant critical minerals asset in Labrador.”
Few titanium-vanadium explorersSaga is among few exploration companies targeting the critical metals titanium and vanadium in Canada, both used in steelmaking and in aerospace and nuclear applications.
Program nears completionAfter more than 18,600 metres drilled and 50 holes assayed, the initial resource drilling program is expected to finish in the coming weeks, Garagan said.
Saga shares fell 1% to 41¢ apiece on Tuesday morning in Toronto, for a market capitalization of $41.2 million.