Drilling Progress at the Radale Vanadium-Titanium Magnetite Mine in Canada

Published: Jan 8, 2026 10:08

Source: Ministry of Natural Resources of the People's Repu

Save

According to the Mining.com website, Saga Metals Corp. encountered high-grade ore bodies in the initial drilling at the Trapper target of its Radar vanadium-titanium magnetite project in Labrador, Canada, which are comparable to the adjacent Hawkeye ore zone.

In a report released on Monday, Saga stated the main drill results include: Hole R-0009 intersected 296 meters of ore at a depth of 2.5 meters, with grades of 39.75% iron, 7.46% titanium oxide (TiO2), and 0.25% vanadium oxide (V2O5). This includes a 63-meter-thick ore body grading 44% iron, 9% TiO2, and 0.25% V2O5.

Hole R-0008 intersected 269.36 meters of ore at a depth of 3.4 meters, with grades of 36.21% iron, 6.57% TiO2, and 0.24% V2O5. This includes an 80-meter-thick ore body grading 45.63% iron, 8.4% TiO2, and 0.33% V2O5, as well as a 68-meter-thick ore body grading 46.15% iron and 9.2% TiO2.

The Trapper target exhibits iron, titanium, and vanadium grades that are 124%, 105%, and 37% higher, respectively, than those of the nearby Hawkeye ore zone.

"The preliminary drilling at Trapper North in 5 verified the massive and semi-massive oxidized ore observed by the team during logging," said Michael Garagan, Chief Geologist and Director of Saga, in a news release.

"The results from the first two holes represent a tremendous success and are the best drilling outcomes to date for the Radar project."

Both Trapper and Hawkeye are deposits within the Radar project. The Radar project is located near the Mealy Mountains, approximately 10 kilometers south of the fishing port of Cartwright and 390 kilometers east of Happy Valley-Goose Bay, the largest community in Labrador.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

17 hours ago

20 hours ago

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

20 hours ago

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18