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Canada's Saga Metals confirms high-grade iron ore potential in Labrador-Forging Exhibition-2026 China(Guangzhou)International Forging Industry Exhibition
1/6/2026 锻造展-forging expo-forging exhibition--forging event |
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Canada-based critical minerals explorer Saga Metals Ltd. has announced that it has completed its annual workprogram at the North Wind iron ore project in Labrador, with activities focused on advancing the understandingand development potential of the iron ore asset.
Drilling and iron ore resource expansion
The proaram included driling targeting iron ore mineralization, aimed at expanding known zones and testingextensions of previously identified iron-rich structures. Saga Metals said the driling campaign was designed tosupport future resource definition and classification at the North Wind project.
Key field program highlights
.Field sampling from the Sokoman Formation returned very high iron content, with iron oxide (Fez0s) valuesin grab samples reaching up to 84.57 percent Fez0s. The company reported continuous high-grade ironmineralization across the Lower, Middle and Upper lron stratigraphic units.The testing confirmed the presence of magnetite-rich taconite iron ore, alongside occurrences of hematitelimonite and goethite. Saga Metals said the mineralogical characteristics are comparable to historicalregional iron ore resources at the KeMag, Sheps Lake and Perrault Lake deposits, which previouslysupported strong resource estimates.
The field program identified iron ore mineralization extending over a four km northwest-southeast trend, withindications that the mineralized zone continues further to the southeast.
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