Hayasa Metals Completes Phase 2 Drill Program at Urasar, Commences 2025 Drill Campaign at Vardenis

Strategic Insights -

Hayasa Metals Inc. has announced the successful completion of its Phase 2 diamond drill program at the Urasar Mineral District in northern Armenia, and is pleased to commence the 2025 drill campaign at the Vardenis copper-gold project. The Phase 2 program, which targeted five prospects along the 15 km-long mineralized corridor at Urasar, has concluded successfully, with a total of 2,040.1 meters drilled across eleven diamond drill holes. The program has identified copper sulfide mineralization in most holes, particularly in the Golden Vein area.

Key Takeaways:

  • The Phase 2 drill program at Urasar was completed in June and July 2025, with a total of 2,040.1 meters drilled across eleven diamond drill holes.
  • Approximately 400 core samples from drill holes UDD-010 through UDD-016 have been submitted for preparation and laboratory analysis, with assay results expected in late September.
  • The 2025 drill campaign at Vardenis will consist of eight to ten drill holes, totaling a minimum of 3,400 meters, targeting the northern portion of the 94 km² license area.
  • The Vardenis drill program will focus on the most promising molybdenum anomalies and low-resistivity/high chargeability zones identified through the 2024 Induced Polarization (IP) survey and a recently completed magneto-telluric (MT) survey.
  • Chairman Dennis Moore expressed excitement about the potential of the Vardenis project, stating, "We believe Vardenis has the potential to host a Tier-1 porphyry copper-molybdenum deposit, with interest from several major mining companies underscoring this potential."
  • CEO Joel Sutherland commented, "Going forward, we look forward to the assays out in September and getting started on Vardenis, and we're excited about the visible metal in the box at Urasar."

Statistics:

  • 2,040.1 meters drilled across eleven diamond drill holes during the Phase 2 program at Urasar
  • Approximately 400 core samples submitted for preparation and laboratory analysis
  • 3,400 meters minimum planned for the 2025 drill campaign at Vardenis
  • 94 km² total license area at Vardenis
  • Eight to ten drill holes planned for the Vardenis drill campaign
  • Most promising molybdenum anomalies and low-resistivity/high chargeability zones identified through 2024 Induced Polarization (IP) survey and a recently completed magneto-telluric (MT) survey

Sources:

  • Newsfile Corp. (August 6, 2025)
  • Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) (FSE: FR2)
  • Dennis Moore, President and Qualified Person, Hayasa Metals Inc.
  • Joel Sutherland, CEO, Hayasa Metals Inc.
  • National Instrument 43-101