SAGA Metals Unveils Promising Uranium Mineralization at Double Mer Project

SAGA Metals Corp. (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) has completed an initial petrographic and petrological analysis of the Double Mer Uranium Project in Labrador, Canada, revealing the presence of uraninite, a key uranium mineral. This discovery, along with the identification of allanite, a light rare earth-bearing mineral, has significant implications for the project's uranium potential and exploration strategies.

The Double Mer Uranium Project, SAGA Metals' flagship project, covers 1,024 claims across 25,600 hectares in eastern-central Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. The project's 18 km radiometric trend has shown promising uranium mineralization, with surface samples indicating uranium oxide (U3O8) concentrations as high as 4,281 ppm and scintillometer readings up to 27,000 cps, surpassing the historical benchmark of 21,000 cps.



The recent petrographic and petrological analysis has confirmed the presence of uraninite, a primary uranium mineral, hosted within the pegmatites identified along the 18 km trend. Additionally, the analysis suggests that the pegmatites in the Luivik zone are genetically related to the pegmatites throughout the entire 18 km trend. This genetic relationship has significant implications for exploration strategies, as it supports targeted drilling, systematic grid drilling, and resource delineation efforts along the trend.

The Luivik zone, the westernmost area of the 18 km radiometric trend, showcases potential for secondary fluid enrichment that can be conducive to uranium mineralization. This zone exhibits Iron phase IOCG (Iron Oxide Copper Gold) fluid characteristics, such as high concentrations of smoky quartz and iron carbonate staining, which are indicators of late fluid flow. These characteristics can potentially enrich uraniferous units and mark the highest-grade intercepts. Consistent CPS (counts per second) readings further highlight the Luivik zone's uranium potential, making it a top target for exploration.



The Luivik zone's favorable mineralogy is complemented by logistical advantages, as it is located just one kilometer from Double Mer's main camp. This proximity ensures practical and cost-effective program execution, making the Luivik zone an ideal target for the maiden drill program scheduled to commence in Q1 2025.

In conclusion, SAGA Metals' completion of the initial petrographic and petrological analysis at the Double Mer Uranium Project has revealed promising uranium mineralization, with the identification of uraninite and allanite. The genetic relationship between pegmatites in the Luivik zone and the rest of the 18 km trend supports targeted exploration strategies, while the Luivik zone's Iron phase IOCG fluid characteristics and logistical advantages make it an attractive target for the upcoming maiden drill program. As SAGA Metals continues to advance the Double Mer Uranium Project, investors should keep a close eye on this promising uranium exploration play.