- SAGA Metals (TSXV:SAGA) completes its maiden field program at the Double Mer Uranium Project in Labrador
- The company focused on verifying the property’s uranium radiometric trend, which produced multiple Counts per Second (CPS) readings above 5,000 CPS
- Roughly 309 grab samples and 253 channel samples were collected over 200 metres across three identified zones
- Shares of SAGA Metals are unchanged at C$0.38 as of 11:53 am ET
SAGA Metals (TSXV:SAGA) has revealed that it has completed its maiden field program at the Double Mer Uranium Project in Labrador.
The Vancouver-based exploration company stated in a news release that, over the duration of the program, roughly 309 grab samples and 253 channel samples were collected over 200 metres across three identified zones.
“This maiden field program was a significant milestone for SAGA. We accomplished all the objectives we set out to achieve and, more importantly, gained a deeper understanding of the geological potential of the Double Mer Uranium Project,” Michael Garagan, CEO of Saga Metals, said in a statement.
Additionally, the company said it focused on verifying the property’s uranium radiometric trend, which produced multiple readings above 5,000 counts per second (CPS).
SAGA Metals highlighted notable peaks of 22,000 CPS in an outcrop and 27,000 CPS in a sub-rounded boulder, which surpasses the historical 21,000 CPSbenchmark. These high CPS readings suggest the uranium trend might be more extensive than previously anticipated.
Located in the eastern-central region of Labrador, the Double Mer Uranium Project is the company’s flagship project that comprises 1,024 claims across 25,600 hectares. Thanks to investments made into historical exploration work, the company was able to target and efficiently expand known uranium mineralization along an 18-kilometre trend.
Moving forward, in support of ongoing exploration, SAGA has upgraded its base camp by repairing infrastructure and upgrading buildings for year-round operations.
SAGA Metals is focused on the exploration and discovery of critical minerals. Its flagship asset, the Double Mer Uranium Project, features uranium radiometrics that highlight an 18-kilometre east-west trend, with a confirmed 14-kilometre section producing samples as high as 4,281ppm uranium oxide spectrometer readings of 22,000 CPS.
Shares of SAGA Metals Corp. (TSXV:SAGA) are unchanged at C$0.38 as of 11:53 am ET.
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