08:42 AM EST, 01/13/2025 (MT Newswires) -- SAGA Metals ( SAGMF ) said Monday that it completed an initial petrographic/petrological analysis and geophysical analysis to improve the geological understanding of the Radar titanium-vanadium project in Labrador, Canada.

According to SAGA, detailed geophysics and surface samples from the Hawkeye zone suggest a complex and multi-phased layered mafic intrusion that may be upwards of 1 kilometer wide and 4 kilometers long. The company said geophysics show very detailed correlation to the rock samples and observed phase changes with the potential for multiple parallel systems.

"This data couldn't have come at a better time as we head into the mobilization of our maiden drill program at the Radar project," said Michael Garagan, chief geological officer and director of SAGA Metals ( SAGMF ). "We now have a much better understanding of this Vanadium titanomagnetite structure and we are excited to build upon this knowledge as we continue our metallurgical analysis throughout drilling, keeping the economic viability of our projects at the forefront to ensure value creation for our shareholders."

The company's share price jumped 5% on Friday to $0.42 on the TSXV.