SAGA Metals Drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 Including 68.2 m at 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5 at Radar Critical Minerals Project in Labrador
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2026) - SAGA Metals Corp.(TSXV: SAGA) (OTCQX 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-0082, -0083, -0084, -0085, -0086, and -0087 drilled as part of its maiden Mineral Resource Estimate ("MRE") diamond drill program completed in August 2026 at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada. The Trapper Zone forms part of an oxide-bearing lopolith that includes the Falcon and Hawkeye Zones collectively covering 29 square kilometres (Figure 1).
Figure 1: The Radar Property with the Dias QMAGT vertical gradient (Bzz) anomaly footprint shown in red (high-amplitude pixels only). The QMAGT-imaged central oxide-layering lopolith validated over 29 km2, encompassing the Trapper Zone, Hawkeye Zone, and the new Falcon Zone.
Analytical results received for six (6) additional diamond drill holes (R-0082 to R-0087) from the MRE drill program initiated in Q4 2025, continue to deliver consistent broad intercepts of oxide mineralization.
Including 14.9 m @ 52.75% Fe2O3, 8.35% TiO2, 0.437% V2O5
Including 203.2 m @ 44.75% Fe2O3, 6.77% TiO2, 0.336% V2O5
Including 68.2 m @ 52.95% Fe2O3, 8.57% TiO2, 0.381% V2O5
Including 89.0 m @ 43.36% Fe2O3, 6.39% TiO2, 0.328% V2O5
Copyright (c) 2026 QuoteMedia, Inc.
SAGA Metals drills 495.6 m at 37.86% Fe2O3, 5.51% TiO2, 0.273% V2O5 at Radar | Strikepoint News
R-0061
109.0–272.0 m
163 m
43 % Fe2O3
R-0065
456.0–584.0 m
128 m
46 % Fe2O3
R-0034
68.8–195.0 m
126 m
43 % Fe2O3
R-0047
120.6–247.4 m
127 m
43 % Fe2O3
R-0032
53.8–198.0 m
144 m
37 % Fe2O3
R-0052
68.6–181.0 m
112 m
47 % Fe2O3
R-0050
63.9–192.0 m
128 m
41 % Fe2O3
R-0039
84.0–194.0 m
110 m
47 % Fe2O3
R-0051
99.9–219.0 m
119 m
43 % Fe2O3
R-0029
65.2–172.0 m
107 m
44 % Fe2O3
R-0060
82.0–200.0 m
118 m
39 % Fe2O3
R-0024
112.0–203.0 m
91.0 m
49 % Fe2O3
R-0028
105.7–211.0 m
105 m
42 % Fe2O3
R-0033
67.4–168.0 m
101 m
44 % Fe2O3
R-0049
30.7–131.0 m
100 m
43 % Fe2O3
R-0055
70.1–167.7 m
97.6 m
44 % Fe2O3
R-0038
45.4–146.2 m
101 m
41 % Fe2O3
R-0013
9.5–121.0 m
112 m
37 % Fe2O3
R-0031
63.4–171.6 m
108 m
38 % Fe2O3
R-0071
60.5–175.1 m
115 m
36 % Fe2O3
R-0057
92.4–194.1 m
102 m
39 % Fe2O3
R-0048
31.7–124.0 m
92.3 m
42 % Fe2O3
R-0023
100.5–186.5 m
86.0 m
46 % Fe2O3
R-0015
73.3–174.0 m
101 m
39 % Fe2O3
R-0030
83.1–174.0 m
90.9 m
43 % Fe2O3
R-0011
58.1–153.3 m
95.2 m
39 % Fe2O3
R-0069
26.2–221.0 m
195 m
19 % Fe2O3
R-0027
81.2–162.0 m
80.8 m
43 % Fe2O3
R-0025
141.3–223.0 m
81.7 m
41 % Fe2O3
R-0036
55.0–128.0 m
73.0 m
45 % Fe2O3
R-0018
44.7–115.0 m
70.3 m
43 % Fe2O3
R-0084
—
80.9 m
37 % Fe2O3
R-0056
83.0–170.3 m
87.3 m
33 % Fe2O3
R-0063
101.6–200.5 m
98.9 m
29 % Fe2O3
R-0054
65.2–123.0 m
57.8 m
45 % Fe2O3
R-0037
52.2–103.0 m
50.8 m
46 % Fe2O3
R-0019
66.6–112.3 m
45.7 m
50 % Fe2O3
R-0041
6.6–53.0 m
46.4 m
48 % Fe2O3
R-0066
52.2–100.0 m
47.8 m
44 % Fe2O3
R-0012
3.8–79.0 m
75.2 m
27 % Fe2O3
R-0087
—
43.1 m
46 % Fe2O3
R-0086
—
46.3 m
42 % Fe2O3
R-0043
28.4–68.2 m
39.8 m
48 % Fe2O3
R-0082
—
51.8 m
36 % Fe2O3
R-0026
141.7–189.0 m
47.3 m
38 % Fe2O3
R-0020
87.3–128.0 m
40.7 m
38 % Fe2O3
R-0022
62.0–92.6 m
30.6 m
49 % Fe2O3
R-0014
8.8–50.0 m
41.2 m
36 % Fe2O3
R-0062
4.0–37.0 m
33.0 m
34 % Fe2O3
R-0083
—
25.8 m
42 % Fe2O3
R-0070
4.8–52.0 m
47.2 m
20 % Fe2O3
R-0059
149.0–163.0 m
14.0 m
32 % Fe2O3
R-0035
8.5–22.0 m
13.5 m
31 % Fe2O3
Intercepts extracted and reviewed by Strikepoint from the issuer’s filings. True widths may differ from downhole widths; see the full release for drill orientation.
Including 16.9 m @ 45.84% Fe2O3, 6.74% TiO2, 0.377% V2O5
Michael Garagan, CGO & Director of SAGA Metals, commented:
"Section N11 is the picture we have been drilling toward. R-0085 cut 495.6 metres of consistent, correlated titanium, vanadium and iron, including 68.2 metres at 52.95% Fe2O3, 8.57% TiO2 and 0.381% V2O5, and it sits on the same fence as R-0072, which returned 470 metres of the same oxide sequence. Put those two intercepts against something people already know: Central Park Tower in Manhattan, the world's largest residential building1, stands 472.4 metres (See Figure 2 & 3). One hole runs past that height. The other essentially matches it. They are not narrow spikes. They are two thick, overlapping cuts through the same layered system, and they give N11 a width and a continuity that a single spectacular hole cannot.
With the assays from this program now available, the cross-sections are no longer a set of pending lines. We can now model the oxide layers, the folds and the true widths as one body for the Company's maiden mineral resource estimate over the Trapper Zone."
Detailed Logging Highlights from Drill Hole R-0082 to R-0087
Hole R-0082 (Cross-Section N09 Figure 4): Drill hole R-0082 is drilled on cross-section N09 with an azimuth of 0° and dipping -45°, with a total depth of 269 m. The oxide zone intersected at 115.2 m is 69.6 m wide (true thickness 58.4 m) consisting of 57.4 m of semi-massive and 12.2 m of rhythmic layering oxide.
Hole R-0083 (Cross-Section N09 Figure 4): Drill hole R-0083 is drilled on cross-section N09 with an azimuth of 218° and dipping -45°, with a total depth of 263 m. The oxide zone intersected at 10.0 m is 87.6 m wide (true thickness 76.0 m) consisting of 29.6 m of semi-massive and 58.0 m of rhythmic layering oxide.
Hole R-0084 (Cross-Section N09 Figure 4): Drill hole R-0084 is drilled on cross-section N09 with an azimuth of 38° and dipping -55°, with a total depth of 164 m. The oxide zone intersected at 33.4 m is 79.1 m wide (true thickness 64.5 m) consisting of 79.1 m of semi-massive oxide.
Hole R-0085 (Cross-Section N11, Figure 2): Drill hole R-0085 is drilled on cross-section N11 with an azimuth of 218° and dipping -55°, with a total depth of 503 m. The oxide zone intersected at 10.1 m is 408.5 m wide (true thickness 284.2 m) consisting of 275.6 m of semi-massive and 132.9 m of rhythmic layering oxide.
Hole R-0086 (Cross-Section N10, Figure 3): Drill hole R-0086 is drilled on cross-section N10 with an azimuth of 38° and dipping -45°, with a total depth of 131 m. The oxide zone intersected at 40.6 m is 48.6 m wide (true thickness 47.8 m) consisting of 45.0 m of semi-massive and 3.6 m of rhythmic layering oxide.
Hole R-0087 (Cross-Section N09, Figure 4): Drill hole R-0087 is drilled on cross-section N09 with an azimuth of 218° and dipping 80°, with a total depth of 89 m. The oxide zone intersected at 1.5 m is 55.4 m wide (true thickness 45.3 m) consisting of 53.0 m of semi-massive and 2.4 m of rhythmic layering oxide.
Figure 2: Cross section of N11 looking NW showing R-0008, R-0009, R-0010, R-0011, R-0072, R-0085, R-0089 and R-0092, 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-0008, R-0009, R-0010, R-0011, R-0072, R-0085. Assays pending for R-0089 and R-0092. Central Park Tower located in Manhattan, New York, the world's largest residential building at 472.4 m, is used to contextualize the size of drill hole R-0085 and R-0072 and the significance of the 495.6 m (1,626 feet) and 470 m (1,542 feet) intercepts (highlighted in blue) with correlated titanium, vanadium and iron.
Figure 3: Cross section of N10 looking NW showing R-0011, R-0075, R-0086 and R-0088, 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-0011, R-0075, and R-0086. Assays pending for R-0088. Central Park Tower located in Manhattan, New York, the world's largest residential building1 at 472.4 m, is used to contextualize the size of drill hole R-0075 and the significance of the 485.4 m (1,592.5 feet) intercept (highlighted in blue) with correlated titanium, vanadium and iron.
Figure 4: Cross section of N09 looking NW showing R-0078, R-0080, R-0082, R-0083, R-0084, R-0087 and R-0090 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-0078, R-0080, R-0082, R-0083, R-0084, R-0087. Assays pending for R-0090.
Figure 5: Cross section of N08 looking NW showing R-0074, R-0081, R-0082, and R-0091 highlighting an intercept of layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Assays shown for R-0074, R-0081, and R-0082. Assays pending for R-0091.
Figure 6: Trapper Zone plan view map outlining location of the MRE diamond drill program completed in August 2026, includes cross-sections S04-S13 in Trapper South, T01-T06 in Trapper Transition, and N6-N12 in Trapper North showing the TMI of the 2025 Trapper Zone ground magnetic survey.
These results now bring the total MRE drill results to eighty (80) diamond drill holes received to date. As reported previously, analytical results from the first sixty-four (74) diamond drill holes (Table 1) of the MRE drill program include:
DDH
FROM
TO
Length
True Thickness
Fe2O3
TiO2
V205
ID
m
m
m
m
%
%
%
R-0008
3.4
272.0
269.4
261.2
36.21
6.57
0.244
R-0008
170.0
237.6
68.3
66.2
46.15
9.21
0.311
R-0009
2.5
299.0
296.5
286.9
39.75
7.46
0.250
R-0009
94.0
181.2
87.2
84.4
50.67
10.15
0.339
R-0010
1.5
137.0
135.5
121.7
50.03
7.87
0.352
R-0011
58.1
153.3
95.2
50.8
39.49
6.49
0.222
R-0012
3.8
79.0
75.2
39.6
27.39
4.87
0.116
R-0013
9.5
121.0
111.5
97.9
37.08
5.14
0.242
R-0014
8.8
50.0
41.2
14.9
36.17
6.36
0.188
R-0015
73.3
174.0
100.7
88.9
38.56
6.80
0.229
R-0016
44.0
94.6
50.6
47.1
52.05
7.21
0.375
R-0017
50.6
140.6
90.0
73.0
51.86
6.76
0.417
R-0018
44.7
115.0
70.3
44.1
42.64
5.66
0.288
R-0019
66.6
112.3
45.7
41.6
49.51
6.56
0.374
R-0020
87.3
128.0
40.7
31.1
37.62
4.93
0.239
R-0021
96.0
127.4
31.4
16.5
53.18
7.08
0.414
R-0022
62.0
92.6
30.6
28.6
49.4
6.61
0.373
R-0023
100.5
186.5
86.0
54.0
45.5
5.5
0.367
R-0024
112.0
203.0
91.0
58.7
49.08
6.23
0.39
R-0024
142.0
186.0
44.0
28.4
54.2
7.07
0.443
R-0025
141.3
223.0
81.7
58.5
41.36
5.18
0.309
R-0025
168.0
201.0
33.0
23.7
47.38
6.01
0.384
R-0026
141.7
189.0
47.3
27.7
38.16
4.65
0.288
R-0026
110.9
131.4
20.5
12.0
52.39
6.55
0.449
R-0027
81.2
162.0
80.8
63.4
42.74
5.18
0.320
R-0028
105.7
211.0
105.3
54.5
42.39
5.40
0.306
R-0028
144.0
182.0
38.0
19.7
49.43
6.50
0.382
R-0029
65.2
172.0
106.8
95.5
44.41
5.36
0.341
R-0029
65.2
104.0
38.8
34.7
53.02
6.46
0.441
R-0030
83.1
174.0
90.9
49.5
42.57
5.40
0.303
R-0030
83.1
101.7
18.6
10.2
50.81
6.56
0.398
R-0031
63.4
171.6
108.2
87.2
38.11
5.13
0.254
R-0031
97.0
140.1
43.1
34.7
42.71
5.88
0.309
R-0032
53.8
198.0
144.2
135.3
37.13
5.04
0.234
R-0032
114.0
170.0
56.0
52.6
44.68
6.50
0.294
R-0033
67.4
168.0
100.6
77.5
44.07
6.38
0.286
R-0033
97.0
153.0
56.0
43.1
48.03
7.25
0.304
R-0034
68.8
195.0
126.2
124.0
43.19
6.05
0.293
R-0034
106.1
170.0
63.9
62.8
48.61
7.01
0.344
R-0035
8.5
22.0
13.5
9.9
30.98
2.93
0.193
R-0036
55.0
128.0
73.0
36.5
45.34
6.31
0.345
R-0036
80.0
114.0
34.0
17.0
50.46
7.21
0.395
R-0037
52.2
103.0
50.8
41.9
45.93
6.46
0.348
R-0038
45.4
146.2
100.8
73.7
41.23
5.21
0.302
R-0038
103.9
146.2
42.4
31.0
46.20
6.35
0.364
R-0039
84.0
194.0
110.1
106.5
47.42
5.95
0.354
R-0039
97.0
149.1
52.1
50.4
58.15
7.68
0.459
R-0039
166.4
194.0
27.6
26.7
45.88
5.85
0.350
R-0040
84.9
130.0
45.1
31.9
51.20
7.94
0.340
R-0041
6.6
53.0
46.4
34.7
47.97
6.49
0.368
R-0042
102.1
137.4
35.3
23.6
50.68
6.74
0.378
R-0043
28.4
68.2
39.8
30.4
47.93
7.24
0.307
R-0044
82.9
105.8
22.9
16.6
51.38
6.85
0.415
R-0045
76.9
148.3
71.3
53.7
48.28
6.21
0.373
R-0045
104.0
144.0
40.0
31.1
53.69
7.32
0.441
R-0046
20.0
147.9
127.9
103.6
52.94
7.35
0.388
R-0046
20.0
74.0
54.0
43.7
58.33
8.78
0.415
R-0047
120.6
247.4
126.8
110.1
42.84
5.43
0.306
R-0047
120.6
189.0
68.4
59.4
46.81
6.17
0.335
R-0048
31.7
124.0
92.3
50.6
42.46
5.38
0.304
R-0048
31.7
48.0
16.3
8.9
53.72
7.29
0.431
R-0049
30.7
131.0
100.3
47.3
42.97
5.39
0.316
R-0049
30.7
57.3
26.5
12.5
53.91
7.22
0.431
R-0050
63.9
192.0
128.1
103.6
40.80
5.79
0.294
R-0050
116.0
169.0
53.0
42.9
49.61
7.24
0.401
R-0051
99.9
219.0
119.1
77.6
42.68
5.89
0.280
R-0051
137.1
169.0
31.9
20.8
53.07
7.68
0.384
R-0052
68.6
181.0
112.4
92.9
46.67
6.71
0.305
R-0052
87.0
153.0
66.0
54.6
49.63
7.24
0.335
R-0053
77.1
237.0
159.9
104.4
45.27
6.32
0.306
R-0053
92.1
129.6
37.5
24.5
50.44
6.72
0.385
R-0053
143.0
205.0
62.0
40.5
46.73
6.79
0.306
R-0054
65.2
123.0
57.8
46.9
44.92
6.71
0.275
R-0055
70.1
167.7
97.6
57.1
43.54
6.62
0.277
R-0055
70.1
136.2
66.1
38.6
47.65
7.36
0.317
R-0056
83.0
170.3
87.3
60.3
33.39
4.65
0.207
R-0056
83.0
116.0
33.0
22.8
43.67
6.14
0.318
R-0057
92.4
194.1
101.7
88.3
38.65
5.60
0.249
R-0057
92.4
113.0
20.6
17.9
47.72
6.98
0.351
R-0057
136.9
156.5
19.6
17.0
53.72
8.24
0.377
R-0058
79.6
89.0
17.5
9.6
23.48
4.31
0.252
R-0059
149.0
163.0
14.0
11.7
32.29
4.43
0.184
R-0059
289.0
344.0
55.2
46.1
32.77
4.67
0.176
R-0060
82.0
200.0
118.0
111.1
39.10
5.32
0.269
R-0060
90.2
142.0
51.8
48.8
43.86
6.10
0.317
R-0061
109.0
272.0
163.0
147.5
43.07
6.19
0.293
R-0061
172.0
264.0
92.3
83.5
47.36
6.73
0.353
R-0062
4.0
37.0
33.0
19.1
34.37
5.24
0.173
R-0062
9.0
23.8
14.8
8.6
40.52
6.39
0.217
R-0063
101.6
200.5
98.9
61.3
28.50
4.01
0.157
R-0064
265.0
452.0
187.0
166.1
41.61
6.07
0.280
R-0064
4.0
75.9
71.9
63.9
43.47
6.60
0.273
R-0064
336.0
416.0
80.0
71.1
42.62
6.03
0.306
R-0065
456.0
584.0
128.0
115.5
46.11
6.79
0.326
R-0065
119.0
162.7
43.7
39.4
42.74
7.11
0.230
R-0065
501.0
566.8
65.8
59.4
49.48
7.24
0.373
R-0066
52.2
100.0
47.8
33.2
43.53
6.03
0.334
R-0066
52.2
75.5
23.3
16.2
52.52
7.58
0.428
R-0067
97.6
124.3
26.7
25.4
50.35
7.14
0.410
R-0068
37.0
66.0
29.0
14.8
51.26
7.47
0.425
R-0069
26.2
221.0
194.8
125.7
18.50
3.58
0.071
R-0070
4.8
52.0
47.2
46.6
20.49
2.18
0.120
R-0071
60.5
175.1
114.6
103.0
35.89
5.18
0.223
R-0071
73.3
108.2
34.9
31.4
46.21
7.03
0.314
R-0072
246.0
429.2
183.2
129.6
46.44
7.52
0.307
R-0072
265.5
332.3
66.8
47.3
50.06
8.07
0.349
R-0072
360.0
429.2
69.2
49.0
51.03
8.55
0.334
R-0072
3.0
473.0
470.0
332.3
36.72
5.40
0.245
R-0073
92.0
208.3
116.3
103.6
36.73
5.74
0.225
R-0073
92.0
146.6
54.6
48.7
44.40
6.95
0.303
R-0074
177.0
293.7
116.7
97.0
42.21
6.53
0.281
R-0075
1.4
488.0
485.4
381.4
32.21
5.30
0.191
R-0075
125.3
254.3
129.1
101.4
47.16
7.82
0.295
R-0075
273.4
415.0
141.6
111.1
40.64
6.38
0.262
R-0075
125.3
182.0
56.8
44.6
49.56
8.17
0.339
R-0076
56.4
89.3
32.9
29.3
33.18
5.11
0.180
R-0077
61.3
85.3
23.3
22.0
34.04
5.08
0.197
R-0077
131.0
143.1
12.1
11.4
36.69
8.76
0.182
R-0078
41.0
168.3
127.3
118.9
40.62
6.92
0.236
R-0078
80.4
168.3
87.9
82.1
44.87
7.65
0.275
R-0080
117.0
180.8
63.8
45.4
38.83
6.97
0.194
R-0080
117.0
152.0
35.0
24.9
44.33
8.08
0.227
R-0081
8.6
278.0
269.4
229.8
32.76
4.98
0.192
R-0081
57.0
205.5
148.5
126.6
44.47
7.12
0.287
R-0081
68.0
137.2
69.2
59.0
50.18
8.20
0.329
Table 1: MRE drill program assay intercepts previously reported in Q4 2025 and 2026 to date from drill holes R-0008 to R-0081.
Maiden MRE drill program at Trapper zone is complete, totaling 22,432 metres-the largest drill program in the Company's history.
Top 15 intercepts from the MRE Drill Program to date can be found in Table 4 below.
Completed eighty-five (85) holes (R-0008 to R-0092) with numerous significant oxide intercepts comprised of semi-massive oxide and rhythmic oxide layering ranging from 100 to 485 metres.
MRE drilling to date has returned multiple holes of thick oxide core intercepts ranging from 70-296 metres and certain assay intervals frequently ranging between 45-58% Fe2O3, 6-8% TiO2 and 0.35-0.44% V2O5.
Oriented core, detailed lithological logging, oxide-layering measurements, and structural interpretations (including fold geometry and limb continuity) have been completed to support three-dimensional geological and resource modelling.
Trapper Zone Drilling Summary
The following two tables present the true width of oxide mineralization (Table 2) that will be imported into Industry-standard software programs used to develop a mineral resource estimate and total meterage (Table 3).
