10:29 AM EDT, 05/08/2025 (MT Newswires) -- SAGA Metals ( SAGMF ) , which lost more than 12% yesterday, was down another 7% early on Thursday after it announced the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares.

The company said with the expansion, its 100%-owned Radar property "now fully encompasses the Dykes River intrusive complex, a recently identified Mesoproterozoic layered mafic intrusion that, it added, has garnered "significant interest due to its geological resemblance to large AMCG-type intrusions and the presence of an extensive titanium-vanadium-iron (Ti-V-Fe) enriched layer containing vanadiferous titanomagnetite. It noted the regional airborne magnetic surveys highlighted the mafic oxide layer, identifying an arcuate exploration target extending over 20 kilometers in length.

Saga Metals ( SAGMF ) said "given the success of the maiden drill program within the Hawkeye zone over a 500 m strike and the strong correlation between drill core, rock samples and geophysics", it intends to repeat this model over the five priority targets along the 20 km strike length of the oxide layer.

It added the geophysical anomaly drilled in the Hawkeye zone is "potentially one of the lesser anomalies" as early indications from geophysics being conducted over the Trapper zone report an even stronger magnetic response.

"To lay claim to the entire Dykes River Intrusion is an important milestone for SAGA and its shareholders," said SAGA Metals' ( SAGMF ) Chief Growth Officer & Director Michael Garagan. "Throughout history, many of these mineralized geological settings have been shared amongst multiple companies vying to advance their projects. It's a unique and significant opportunity to hold the entire 160 square km intrusion mapped at the surface and benefits from tremendous infrastructure. The claim acquisition consolidates the entire intrusion and allows the company to delegate zones for both additional infrastructure and further exploration. We've only just begun uncovering the true potential and extent of the oxide layering hosted within the intrusion."

Price: 0.30, Change: -0.03, Percent Change: -7.69