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SAGA Metals Completes Field Program at North Wind Iron Ore Project and Lists on Frankfurt Stock Exchange
VANCOUVER, British Columbia, Oct. 03, 2024 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (“TSXV: SAGA”) (“FSE: 20H”) (“SAGA” or the “Company”), a North American explora
About this update from Saga Metals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 03, 2024 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (“TSXV: SAGA”) (“FSE: 20H”) (“SAGA” or the “Company”), a North American exploration company focused on discovering critical minerals in Canada, is pleased to announce that SAGA’s exploration team has completed an initial field program at the North Wind Iron Ore project located in west central Labrador. SAGA’s North Wind Iron Ore Project: The North Wind Iron Ore property is a secondary project under SAGA's portfolio, located 16 kilometers southwest of Schefferville, Quebec, within the prolific Labrador Trough. The property spans 6,375 hectares, comprising 255 claim blocks under a single license. It holds significant potential, with a historical resource estimate (NI 43-101 compliant) from 2013, conducted by New Millennium Iron. The project includes data from 8 historical drill holes, which collectively averaged 20.74% Fe (iron) content over a total of 590 meters drilled. Notably, the Lower Red Green Chert (LRGC), a key stratigraphic unit within the property, returned an average grade of 24.76% Fe across 277 meters drilled and intercepted in all 8 holes. This LRGC unit is part of the \"Lower Iron Formation,\" as mapped and confirmed by both New Millennium and SAGA. Regional map of the North Wind Iron Ore Project in Labrador, Canada North Wind Iron Ore Field Program 2024 As part of routine claims maintenance, SAGA’s exploration team carried out a comprehensive field program focused on mapping, prospecting, and rock sampling. The 2024 exploration efforts targeted the northern and central areas of the North Wind Iron Ore property. The primary goal was to verify and ground truth the stratigraphic units previously sampled by New Millennium Iron. During the program, 24 rock samples were collected, and 3 key mapping observations were recorded. The samples were sent to Actlabs in Ancaster, Ontario. North Wind Iron Ore Project overview with 2024 samples and mapped Stratigraphic units The primary objective of the 2024 field traverses was to sample across each stratigraphic unit within the North Wind Iron Ore property. These units, from top to bottom, include the Menihek Shale, Sokoman Formation, Ruth Formation, and Wishart Quartzite. Particular attention was given to the Sokoman Formation, which consists of three members, all with significant potential for iro...