Saga Metals mobilizes camp ahead of 4,000-5,000 meter drilling at Wolverine heavy rare earths project in Labrador
Reuters2026/08/03 06:07- Saga Metals mobilized crews and equipment for camp construction ahead of a 4,000-5,000 meter diamond drill program at its Wolverine heavy REE project.
- Drilling is scheduled to start in mid-August 2026, shifting from RC holes to core to support geological and metallurgical work.
- Work aims to advance the project toward a maiden NI 43-101 mineral resource estimate while testing continuity across the main mineralized zone.
- 2025 RC drilling outlined near-surface mineralization over a 1.7 km by 1.2 km area, with peak assays up to 2.03% TREO.
- A renewed digital marketing agreement with Machai Capital totals CAD 400,000 over 120 days, funded from working capital.
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