Hayasa Metals Begins 2025 Drilling Campaign at Vardenis Copper-Gold Project
Hayasa Metals Begins 2025 Drilling Campaign
at Vardenis Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Hayasa Metals Inc. (TSXV: HAY)
(OTCQB: HAYAF) ("
Hayasa
" or the "
Company
") is pleased to announce that it has begun its Phase 2
drill program at the Vardenis copper-gold project in central Armenia which is under option to Teck
Resources Limited ("
Teck
"); see news release dated August 27, 2025).
The planned diamond drill
program is targeting a minimum 3,500 meters and is expected to be completed within eight weeks.
Hayasa has contracted
AT Group
, a drilling company based in Yerevan, Armenia which has worked
with the Company in the past. The program will utilize two Atlas Copco CS14 drill rigs
,
which are
capable of drilling to 1,200 meters depth. Two rigs are at site and mobilized.
2025 Drill Program Overview
The 2025 program will target a minimum of
3,500 meters
across
10 to 12 holes
, with the following
priorities:
Soviet Target
- hosts the foremost molybdenum soil anomaly; displays extensive advanced
argillic alteration (alunite, silica, topaz) at surface, IP chargeability at depth
Minimum of five holes programmed to 400-500m depth
Most of the holes are situated on the interpreted margins of a lithocap and targeted inwards
SW-NE azimuths to intercept north-west trending mineralized structures/faults
Razmik Target -
hosts the primary copper-in-soil anomaly; hosts "B & D" veins at surface
Minimum of two holes
Testing IP chargeability anomaly, coincident conductivity anomalies
Coherent Cu and Mo soil anomalies
Highest Mo geochemistry in rock chip samples
Artsiv Target
Minimum of one hole
High sulfidation epithermal characteristics
Significant vuggy silica and advanced argillic alteration at surface
Main focus of interest for Dundee Precious Metals
(TSX: DPM)
, which drilled seven shallow
holes west of the current target
The images below show the Vardenis license area and planned 2025 drill hole locations, including
primary and secondary targets. Early drill results will determine which targets are prioritized for
subsequent drilling.
Figure 1. Vardenis license showing prospects, initial planned drill holes & 2023 drill holes
To view an enhanced version of this graphic, please visit:
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Figure 2. Northern area of Vardenis license with proposed priority drill hole locations.
To view an enhanced version of this graphic, please visit:
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Figure 3. Other possible drill sites depending on results from the first holes
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Historic Work by Dundee Precious Metals
Identification of seven mineralized-at-surface prospects
Extensive soil sample grid comprising 4,044 multi-element samples
Trenching and rock chip sampling totaling 2,187 multi-element rock samples
Seven shallow drill holes in the Artsiv prospect, totaling 1,245m
Over 2,000 SWIR (shortwave infrared) scans from various outcrops and surface samples
Work carried out by Hayasa Metals 2023-2025
23 line-kilometer high resolution IP Survey
92 station magneto-telluric survey (recently completed)
Phase 1 drilling comprising two diamond drill holes totaling 770m in the Razmik prospect
Spectral analysis of an additional 722 surface rock and clay samples
Detailed mapping of Razmik and Soviet areas by specialist consultants, including Simon Meldrum
whose report can be found here:
https://hayasametals.com/projects/vardenis/
Hayasa Management comments
Hayasa President and Chairman, Dennis Moore, comments,
"We're commencing a significant drill
campaign in what is essentially near-virgin, highly prospective terrain. The discovery of a significant
porphyry copper-moly deposit would be a game-changer for our team and investors. We are confident
that the 2025 drill program has genuine potential for success.
The porphyry-style veining and
mineralogy identified in previous Hayasa drill holes, combined with encouraging results from recent
IP and MT geophysical surveys, gives us a high level of confidence moving forward.
As an
exploration geologist, this is the kind of opportunity we live for. The potential reward is immense, and I
like our chances."
Hayasa CEO, Joel Sutherland, states,
"Partnering with Teck on Vardenis is good for mining, and great
for Armenia and its mining community.
The introduction of Teck, a world class operator, to Armenia is
happening at the same period in time when country risk is lowering due to the recent U.S.-brokered
peace deal signed by Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham
Aliyev in Washington, D.C..
We believe Vardenis has the potential to host a tier-one copper-moly-
gold porphyry deposit and we look forward to adding additional properties to the Hayasa portfolio over
2026."
About Vardenis
The Vardenis exploration project is located within the Central Tethyan Belt of east-central Armenia,
covering 9,399 hectares and accessible by road.
In 2023, Hayasa entered into an option agreement with
Mendia Resources and its majority shareholder to acquire up to a 100% interest, now superseded by the
option granted to Teck (see news release dated August 27, 2025).
Situated just 25 km from the 4.8-million-ounce Amulsar gold deposit, Vardenis lies within the same
prospective belt of Tertiary volcanic rocks. A former Dundee Precious Metals project, previous
exploration defined an area of advanced argillic and QSP (quartz-sericite-pyrite) alteration 35 km
2
in
extent, which hosts seven mineralized zones arranged in a concentric arc.
In late 2023, the Company
completed 770 meters of diamond drilling in the Razmik copper-molybdenum zone which encountered
long sulfide-rich intervals displaying strong alteration, brecciation and quartz veining indicative of
porphyry-style mineralization.
Qualified person
The content of this news release was reviewed by Dennis Moore, Hayasa's President and Chairman, a
qualified person as defined by National Instrument 43-101.
On behalf of the Board of Directors,
Joel Sutherland
CEO
Hayasa Metals Inc.
For further information, contact:
www.hayasametals.com
https://x.com/Hayasametals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward looking statements
This news release contains forward-looking statements. All statements other than statements of
historical fact included in this news release are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements including,
without limitation, statements regarding future exploration programs at Vardenis. Important factors that
could cause actual results to differ materially from the Company's expectations including the risks
detailed from time to time in the filings made by the Company with securities regulations. The reader
is cautioned not to place undue reliance on any forward-looking information. Forward-looking
statements contained in this news release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made as of the date of this news
release and the Company will update or revise publicly any of the included forward-looking statements
only as expressly required by Canadian securities law.
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