SAGA Metals said on 21 October it had completed its first systematic diamond-drilling campaign at its wholly owned Wolverine project in Labrador: 22 holes totalling 3,241 metres. The company’s on-site geologist logged an alteration assemblage in all holes that the company interprets as potentially associated with rare-earth mineralization.

At the time of the release, only two holes had been fully logged and sampled; logging and sampling of the remaining 20 were ongoing and assay results were pending. The update therefore reported no confirmed grades or resource quantity; results remain subject to laboratory analysis and geological review.