SAGA Hits 100m+ Intercepts Again Confirming Massive Scale
SAGA Metals Reports Assays from R-0027 to R-0029 with Intercepts Including 53.02% Fe₂O₃, 6.46% TiO₂, 0.441% V₂O₅ from 2026 Drilling at Trapper South, Radar Critical Minerals Project in Labrador
April 28, 2026 | 7:30 AM EDT | Vancouver, British Columbia
SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) (“SAGA” or the “Company”), a North American exploration company focused on critical mineral discoveries, is pleased to report additional assay results from drill holes R-0027, -0028 and -0029 completed in 2026 as part of its ongoing maiden Mineral Resource Estimate (“MRE”) diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.
Trapper South Assay Highlights
- Analytical results received for three (3) additional diamond drill holes (R-0027 to R-0029) from the MRE drill program reinitiated in 2026, delivering consistent broad intercepts of oxide mineralization.
- Key intercepts include:
- Hole R-0027: 80.8 m @ 42.74% Fe₂O₃, 5.18% TiO₂, 0.320% V₂O₅
- Hole R-0028: 105.7 m @ 42.39% Fe₂O₃, 5.40% TiO₂, 0.306% V₂O₅
- Including 38 m @ 49.43% Fe₂O₃, 6.50% TiO₂, 0.382% V₂O₅
- Hole R-0029: 106.8 m @ 44.41% Fe₂O₃, 5.36% TiO₂, 0.341% V₂O₅
- Including 38.8 m @ 53.02% Fe₂O₃, 6.46% TiO₂, 0.441% V₂O₅
- These results bring the total MRE drill results from 2026 to fourteen (14) diamond drill holes received to date.
- Completed forty (40) holes (R-0016 to R-0055) to date in 2026, with significant oxide intercepts including 198.16 m (R-0046) of semi-massive oxide with extensive rhythmic oxide layering.
- Multiple holes returning thick oxide core intercepts exceeding 70–90 metres, with certain assay intervals frequently above 45–54% Fe₂O₃, 6–7% TiO₂ and 0.37–0.44% V₂O₅, including multiple 100+ m core intercepts grading over 5% TiO₂.
- Rhythmic banding and semi-massive to massive oxide mineralization observed consistently in Trapper South, aligning with prior high-grade results from Trapper North.
- Drilling progressing efficiently with 11,128 m completed in the Trapper Zone to date. Hole R-0056 is in progress.
- Excellent core recovery and representative sampling support ongoing metallurgical test work and advancement of the maiden Mineral Resource Estimate.
Analytical results from the first eleven (11) diamond drill holes of the 2026 drill program (as previously reported on March 5, March 18, March 31, and April 21, 2026) include:
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| DDH ID | From (m) | To (m) | Length (m) | Fe₂O₃ % | TiO₂ % | V₂O₅ % |
|---|---|---|---|---|---|---|
| R-0016 | 44.00 | 94.60 | 50.6 | 52.05 | 7.21 | 0.375 |
| R-0017 | 50.60 | 140.60 | 90.01 | 51.86 | 6.76 | 0.417 |
| R-0018 | 44.70 | 115.00 | 70.3 | 42.64 | 5.66 | 0.288 |
| R-0019 | 66.60 | 112.30 | 45.7 | 49.51 | 6.56 | 0.374 |
| R-0020 | 87.30 | 128.00 | 40.7 | 37.62 | 4.93 | 0.239 |
| R-0021 | 96.00 | 127.40 | 31.38 | 53.18 | 7.08 | 0.414 |
| R-0022 | 62.00 | 92.60 | 30.6 | 49.4 | 6.61 | 0.373 |
| R-0023 | 100.50 | 186.50 | 86 | 45.5 | 5.5 | 0.367 |
| R-0024 | 112.00 | 203.00 | 91 | 49.08 | 6.23 | 0.39 |
| R-0024 | 142.00 | 186.00 | 44 | 54.2 | 7.07 | 0.443 |
| R-0025 | 141.30 | 223.00 | 81.7 | 41.36 | 5.18 | 0.309 |
| R-0025 | 168.00 | 201.00 | 33 | 47.38 | 6.01 | 0.384 |
| R-0026 | 141.70 | 189.00 | 47.3 | 38.16 | 4.65 | 0.288 |
| R-0026 | 110.90 | 131.40 | 20.5 | 52.39 | 6.55 | 0.449 |
Table 1: MRE drill program assay intercepts reported in 2026 from drill holes R-0016 – R-0026. Top 10 intercepts from the MRE Drill Program to date can be found in Table 4 below.
“I am very pleased with the ongoing success of our maiden Mineral Resource Estimate drilling in the Trapper Zone. The latest results from holes R-0027, R-0028, and R-0029 continue to deliver broad, consistent zones of high-quality oxide mineralization.
“It is particularly encouraging to see multiple core intercepts now exceeding 100 metres grading over 5% TiO₂ with substantial higher-grade zones. Combined with the fact that we have intersected oxide mineralization in all 55 drill holes completed to date at the Radar Project, this gives us tremendous confidence in the scale, continuity, and overall strength of the mineralized system as we advance toward our maiden mineral resource estimate.”
— Michael Garagan, CGO & Director, SAGA Metals
2026 Trapper South Drilling Summary
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| Drill Hole | Az / Dip | Total Depth (m) | From (m) | To (m) | Semi-Massive Oxide (m) | Rhythmic Layering (m) | Total Oxide (m) | True Thickness (m) | Assays Received |
|---|---|---|---|---|---|---|---|---|---|
| R-0016 | 38° / -45° | 206 | 44 | 102 | 45.84 | 12.16 | 58 | 53.93 | ✓ |
| R-0017 | 38° / -70° | 161 | 50.56 | 140.64 | 87.08 | 3 | 90.08 | 73.04 | ✓ |
| R-0018 | 38° / -45° | 188 | 44.7 | 156.37 | 65.04 | 46.63 | 111.67 | 70.08 | ✓ |
| R-0019 | 38° / -45° | 182 | 66.55 | 133 | 37.96 | 28.49 | 66.45 | 72.75 | ✓ |
| R-0020 | 38° / -45° | 206 | 50.8 | 138 | 28.5 | 58.7 | 87.2 | 66.65 | ✓ |
| R-0021 | 38° / -70° | 152 | 81.28 | 127.38 | 33.53 | 12.57 | 46.1 | 24.26 | ✓ |
| R-0022 | 38° / -45° | 149 | 22.51 | 118.69 | 31.58 | 59.68 | 91.26 | 85.28 | ✓ |
| R-0023 | 38° / -45° | 272 | 100.48 | 239.32 | 30.61 | 76.44 | 107.05 | 67.19 | ✓ |
| R-0024 | 38° / -45° | 254 | 108.87 | 219.76 | 46.76 | 62.11 | 108.87 | 68.52 | ✓ |
| R-0025 | 38° / -60° | 275 | 122.96 | 253.6 | 6.92 | 118.08 | 125 | 89.60 | ✓ |
| R-0026 | 38° / -60° | 302 | 108.75 | 273.65 | 16.24 | 138.55 | 154.79 | 87.38 | ✓ |
| R-0027 | 38° / -45° | 217 | 81.32 | 175.33 | 34.24 | 59.86 | 94.1 | 73.89 | ✓ |
| R-0028 | 38° / -60° | 227 | 105.07 | 215.93 | 22.46 | 87.1 | 109.56 | 57.38 | ✓ |
| R-0029 | 38° / -45° | 214 | 65.2 | 183.97 | 13.38 | 105.39 | 118.77 | 106.17 | ✓ |
| R-0030 | 38° / -60° | 211 | 83.05 | 189.18 | 25.41 | 79.55 | 104.96 | 57.82 | — |
| R-0031 | 38° / -45° | 215 | 63.35 | 171.6 | 2.36 | 105.89 | 108.25 | 87.17 | — |
| R-0032 | 38° / -60° | 263 | 53.82 | 214.74 | 18.49 | 135.95 | 154.44 | 144.98 | — |
| R-0033 | 38° / -45° | 251 | 67.73 | 203.46 | 23.66 | 112.43 | 136.09 | 104.81 | — |
| R-0034 | 38° / -60° | 233 | 48.68 | 214.14 | 66.11 | 93.54 | 159.65 | 156.89 | — |
| R-0035 | 38° / -45° | 97 | 8.53 | 66.34 | 0 | 34.95 | 34.95 | 25.71 | — |
| R-0036 | 38° / -70° | 212 | 47.41 | 128 | 68 | 8.57 | 76.57 | 38.29 | — |
| R-0037 | 38° / -45° | 206 | 42.64 | 146 | 50.79 | 52.57 | 103.36 | 85.2 | — |
| R-0038 | 38° / -70° | 182 | 45.4 | 146.23 | 55.91 | 44.95 | 100.86 | 73.72 | — |
| R-0039 | 218° / -45° | 251 | 83.95 | 196.34 | 82.18 | 23.3 | 105.48 | 102.08 | — |
| R-0040 | 38° / -70° | 170 | 38.28 | 130.04 | 44.69 | 28.71 | 73.4 | 34.28 | — |
| R-0041 | 38° / -45° | 100 | 6.6 | 84.24 | 38.51 | 30.93 | 69.44 | 52.08 | — |
| R-0042 | 38° / -70° | 161 | 88.62 | 137.37 | 26.6 | 10 | 36.6 | 24.49 | — |
| R-0043 | 38° / -45° | 119 | 28.36 | 101.64 | 37.54 | 35.74 | 73.28 | 55.88 | — |
| R-0044 | 218° / -45° | 176 | 82.85 | 105.76 | 19.25 | 3.66 | 22.91 | 16.64 | — |
| R-0045 | 218° / -45° | 245 | 39.27 | 223.57 | 67.43 | 71.66 | 139.09 | 96.92 | — |
| R-0046-a | 218° / -45° | 491 | 7.43 | 147.88 | 121.71 | 19.29 | 141 | 108.01 | — |
| R-0046-b | 237.67 | 445.85 | 21.44 | 176.72 | 198.16 | 113.66 | |||
| R-0047 to R-0055 | Logging in progress | ||||||||
| R-0056 | Drilling in progress | ||||||||
| Total Meters: 9,078 | |||||||||
Table 2: Summary of drill holes R-0016 to R-0055, highlighting oxide intercepts. Logging of R-0047 to R-0055 is in progress. See Figures 2 & 3 below, which depict oxide mineralization in cross sections S5 and S6. True thickness represents the perpendicular width of the mineralized zone, while the total downhole oxide represents the length of the mineralization intercepted downhole. New results highlighted in blue.
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| Program | Total Meters Drilled | Total Samples |
|---|---|---|
| Trapper Zone 2025 | 2,050 | 1,313 |
| Trapper South 2026 | 9,078 | 3,892 |
| Trapper Total | 11,128 | 5,205 |
Table 3: Summary of total meters drilled in Q4 2025 and 2026 to date, including total core samples cut and prepared.
Figure 1: Trapper South map outlining the location of the initial 2026 focus for the remainder of the MRE drill program, including cross-sections S13, S12, S11, S10, S9, S8, S7, S6, S5, and S4, showing the TMI of the 2025 Trapper Zone ground magnetic survey.
The latest results from these drill holes, R-0027, R-0028, and R-0029, once again demonstrate excellent continuity across broad zones of oxide mineralization, underscoring the growing potential for a sizable mineral resource that could create meaningful long-term value for SAGA shareholders.
Detailed Logging Highlights: Drill Holes R-0027 to R-0029
- Hole R-0027 (Cross-Section S06): Drilled at -45° towards 38° with a total depth of 217 m. Collared in gabbronorite with a gradational contact at 81.23 m. The oxide zone spans a core interval of 94.1 m (true thickness 73.89 m), including rhythmic oxide layering (59.86 m) and semi-massive oxide (34.24 m). The oxide zone ends at 175.33 m at a gradational contact between rhythmic oxide layering and gabbronorite.
- Hole R-0028 (Cross-Section S06): Undercut hole R-0027, drilled at -60° towards 38° with a total depth of 227 m. Gradational contact at 105.07 m. The oxide zone spans a core interval of 109.56 m (true thickness 57.38 m), including rhythmic oxide layering (87.1 m) and semi-massive oxide (22.46 m). The oxide zone ends at 215.93 m.
- Hole R-0029 (Cross-Section S05): Drilled at -45° towards 38° with a total depth of 214 m. Faulted contact at 65.2 m. The oxide zone spans a core interval of 118.77 m (true thickness 106.17 m), including rhythmic oxide layering (105.39 m) and semi-massive oxide (13.38 m). The oxide zone ends at 183.97 m.
Figure 2: Cross section of S5 looking NW showing R-0020, -0021, -0029, -0030, and -0041 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0020, -0021 and -0029; pending assays for R-0030 and R-0041.
Figure 3: Cross section of S6 looking NW showing R-0019, -0027, -0028, -0042, -0043, -0044, and -0047 highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0019, -0027, and -0028; pending assays for R-0042, R-0043, R-0044, and R-0047.
Sampling Summary
Drilling is progressing efficiently, with 9,078 m already completed in 2026 up to drill hole R-0055, and 11,128 m total meters completed for the Mineral Resource Estimate drill program. The drill rig has been moved to drill pad R-0056. IGS Laboratories finalized analysis of 710 samples from R-0030, -0031, -0032, -0033, -0034, and -0035 and released assays early this week. The Company is reviewing and interpreting the data to release the next set of assays within a week. In addition, 349 samples from R-0036, -0037, and -0038 were shipped to IGS and have been received; analysis is beginning. A total of 5,205 samples have been collected to date in the Trapper Zone.
Key Project Highlights
- Confirmed mineralization in 55 out of 55 drill holes completed, observed in two primary zones to date.
- Analytical results to date include numerous oxide-rich intercepts (see Table 4 below).
- Infrastructure including road access, deep-water port, nearby hydro-electric power and airstrip.
- Confirmed the 16+ km oxide layering trend stretching from the Hawkeye Zone to the Trapper Zone, demonstrating district-scale potential.
- Consistent grades and thicknesses with semi-massive to massive oxide reporting up to 72.33% Fe, 13.3% TiO₂, and 0.66% V₂O₅.
- Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing.
- A total of 11,128 m has been completed and reported to date for the MRE drill program.
← Scroll to see full table →
| DDH ID | From (m) | To (m) | Length (m) | Fe₂O₃ % | TiO₂ % | V₂O₅ % |
|---|---|---|---|---|---|---|
| R-0009 | 94 | 181.2 | 87.20 | 50.67 | 10.15 | 0.339 |
| R-0008 | 170 | 237.6 | 68.26 | 46.15 | 9.21 | 0.311 |
| R-0010 | 1.5 | 137 | 135.50 | 50.03 | 7.87 | 0.352 |
| R-0017 | 73 | 140.6 | 67.64 | 55.13 | 7.37 | 0.448 |
| R-0016 | 44 | 94.6 | 50.60 | 52.05 | 7.21 | 0.375 |
| R-0021 | 96 | 127.4 | 31.40 | 53.18 | 7.08 | 0.414 |
| R-0024 | 142 | 186 | 44 | 54.20 | 7.07 | 0.443 |
| R-0015 | 73.3 | 174 | 100.70 | 38.56 | 6.80 | 0.229 |
| R-0022 | 62 | 92.6 | 30.6 | 49.40 | 6.61 | 0.373 |
| R-0019 | 66.6 | 112.3 | 45.7 | 49.51 | 6.56 | 0.374 |
Table 4: Top 10 intercepts from the 2025 & 2026 drilling programs at the Trapper Zone.
About the Radar Critical Mineral Property in Labrador
The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (about 160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.
Vanadiferous titanomagnetite (“VTM”) mineralization at Radar is comparable to global Fe-Ti-V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.
Technical Information
Diamond drill core was logged and sampled by Company personnel at SAGA’s core facility in Cartwright, Labrador. The drill core diameter was NQ. The core was cut lengthwise using a diamond saw, and one half was retained in the core box while the other half was sampled at designated intervals for analysis. Core samples were prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montréal, Québec. Certified reference standards, blanks, and duplicate samples were inserted into the sample stream at regular intervals to monitor analytical accuracy and precision. The Company maintains a rigorous QA/QC protocol consistent with industry standard practices.
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security.
The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² near Cartwright, Labrador. Exploration to date, including 13,337 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.
The Company has signed a definitive agreement to acquire 100% of the Wolverine Heavy Rare Earth Element Project in Labrador, a near-surface REE system hosted within a peralkaline caldera complex that shares strong geological similarities with the Tanbreez and Strange Lake deposits. The project features consistent mineralization with zones spanning 26 km², including drill assays up to 2.03% TREO with approximately 28% HREO content, and sample assays up to 21.6% TREO.
The Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics highlighting an 18 km east-west trend, with a confirmed 14 km section producing samples as high as 0.428% U₃O₈.
SAGA also owns the Legacy Lithium Project in Quebec’s Eeyou Istchee James Bay region, spanning 65,849 hectares and sharing significant geological continuity with Rio Tinto, Li-FT Power, SOQUEM, and Loyal Metals. With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in securing critical minerals.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
Investor Relations: Rob Guzman — SAGA Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
Web: www.sagametals.com