SAGA Metals Corp Reports New Drill Results with Iron Grades of 50.03%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
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Source: Globenewswire
- Significant Drill Results: SAGA Metals Corp's assay results from the Trapper North area reveal that hole R-0010 intercepted 135.5 meters grading 50.03% iron, confirming high-grade mineralization and laying the groundwork for future resource estimates.
- Continued Mineralization Confirmation: Hole R-0011 showed a 95.15-meter interval grading 39.49% iron and encountered a 22-meter banded oxide interval, indicating persistent mineralization that could provide critical data for future resource development.
- Resource Estimate Progress: This drilling marks a crucial step for SAGA towards a maiden Mineral Resource Estimate, aiming to establish a strategic supply of critical minerals in North America, particularly in response to growing demands in defense and renewable energy sectors.
- Future Drilling Plans: The 2026 drilling program will focus on the Trapper South area, targeting approximately 30 holes totaling 7,500 meters, aimed at further confirming and expanding known mineralization zones to enhance resource confidence.
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.
