SAGA Metals Corp. Launches 2026 Drilling Program Targeting 7,500 Meters at Radar Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
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Source: Globenewswire
- Drilling Program Launch: SAGA Metals Corp. is set to commence a 7,500-meter drilling program at the Radar Project in Labrador on January 16, 2026, aimed at delivering its maiden Mineral Resource Estimate, which is expected to significantly enhance the company's market position in critical minerals.
- Significant Drilling Results: To date, completed drill holes R-0008 and R-0009 have shown iron oxide contents of 36.21% over 269.36 meters and 39.75% over 296.47 meters respectively, indicating substantial mineral resource potential in the area that may attract further investment.
- Geological Structure Analysis: The drilling completed in 2025 revealed significant oxide layering, with R-0013 and R-0015 intersecting 174.87 meters and 146 meters of oxide respectively, providing crucial structural insights that will enhance future drilling efficiency and further validate the area's mineral resource potential.
- Debt Settlement Agreement: The company has entered into a debt settlement agreement with a creditor to settle $178,750 in debt through the issuance of 275,000 common shares, which will help preserve cash for exploration activities and strengthen the company's financial stability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
