SAGA Metals reports positive uranium assay results at the Double Mer Uranium Project in Labrador.
From GlobeNewswire: 2024-12-03 09:00:00
SAGA Metals Corp. shared channel sample assay results from the Double Mer Uranium Project in Labrador, Canada. Key highlights include 0.87m at 0.062% U3O8 and 3m at 0.024% U3O8, indicating economic uranium concentrations in pegmatites. The project’s 14-kilometer trend showed surface samples with up to 0.428% U3O8 and scintillometer readings surpassing historical benchmarks.
The 2024 field season at the Double Mer Uranium Project confirmed uranium presence in the Luivik, Nanuk, and Katjuk zones. CPS readings exceeded expectations, and the results suggested an extended mineralization trend, offering new exploration opportunities. Channel samples revealed composite grades of up to 0.062% U3O8, showcasing the project’s potential.
SAGA aims to position the Double Mer project alongside significant uranium discoveries in Labrador’s Central Mineral Belt, such as Paladin Energy’s Michelin and Atha Energy’s CMB projects. The project’s grades are comparable to other major uranium deposits globally, like Australia’s Olympic Dam, supporting the large tonnage low-grade uranium resources in the region.
The company followed robust QA/QC protocols to ensure data accuracy and reliability during the exploration process. SAGA’s commitment to industry-leading standards is demonstrated through regular quality control samples, focused QA/QC for promising mineralogy, and strict sample custody measures.
In Q1 2025, SAGA plans to conduct a 1,500-meter drill program at the Luivik zone, focusing on anomalous uranium geochemistry and IOCG-style fluid enrichment. The program aims to provide crucial data for further exploration across the property. Following this, the company will target the Nanuk zone for drilling in Q2 and Q3 2025.
SAGA Metals Corp. is a North American mining company specializing in the exploration of critical minerals for the global transition to green energy. The company’s Double Mer Uranium Project in Labrador covers 25,600 hectares and has shown promising uranium radiometrics. Additionally, SAGA owns the Legacy Lithium Property in Quebec, expanding its mineral exploration portfolio.
Read more at GlobeNewswire: SAGA Metals Reports Channel Sample Assay Results at Double