Hayasa Metals 2025 2,000m Drilling Campaign at Urasar Copper-Gold Project in Armenia has Commenced
Hayasa Metals 2025 2,000m Drilling Campaign
at Urasar Copper-Gold Project in Armenia has
Commenced
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Hayasa Metals Inc. (TSXV: HAY)
(OTCQB: HAYAF) ("
Hayasa
" or the "
Company
") is pleased to announce that it has begun its planned
2025 drill program at Urasar, Armenia which is expected to be completed within 9 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 an
Atlas Copco CS14 drill rig
, which is capable
of drilling to 1,200 meters depth. The rig was successfully mobilized to site June 1 and began drilling
operations June 2.
Recent Work by Hayasa Metals
Since mid-2023, Hayasa has undertaken comprehensive early-stage exploration, including:
Geochemical Survey
: 1,571 soil samples
Geophysics
: 240 line-km ground magnetic survey
Geological Mapping & Rock Sampling
: 297 rock chip samples
HIRIP Survey:
three 1300m lines at Copper Creek, Oxide Basin and Black River
Drilling
: 2,142m across 9 diamond drill holes
This work confirmed a robust, 15 km-long, E-W trending geochemical anomaly along the Chibukhlu
Fault-anomalous in copper, gold, molybdenum, and associated chalcophile elements.
The 2024 drill
program intersected strongly altered, brecciated sulfide-bearing volcanic lithologies, but unfortunately the
assays and geochemical results were sub-economic.
A reevaluation, prompted by the recovery of a Soviet-era (1960) report, revealed that the initial drill holes
had targeted the mineralized zone too far south, intersecting only unmineralized footwall rocks. The
historic data included:
Partial Soviet drill logs and assays
Channel samples from underground adits (Golden Vein area)
Historic underground plans and cross-sections
The plotting of the Soviet data explained the 2024 drill program issue, and has significantly refined drill
targeting for 2025.
2025 Drill Program Overview
The 2025 program will total approximately
2,000 meters
of diamond drilling across
8 or 9 holes
, with
the following priorities:
Western Targets
(Copper Creek, Golden Vein, Oxide Basin):
At least 6 holes
More Northly-sited, topographically elevated collar positions
Southward orientation to intercept north-dipping mineralized structures
Black River Target
:
2 holes
Steep angle, north and northwest-directed
Designed to test a south-plunging mineralized body ascertained in historic workings
The accompanying images show a general overview of the Urasar District, the planned 2025 drill site
map across at Urasar as well as a detailed plan of the Golden Vein area showing underground channel
assays, proposed drill traces and drill traces from the 2024 campaign.
Figure 1. Yellow River/Western area: 2024 drill holes (yellow), planned 2025 drill holes (blue)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/254320_61795ef714c5b858_002full.jpg
Figure 2. Black River/Eastern area: 2024 drill holes in yellow, planned 2025 drill holes in blue
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/254320_61795ef714c5b858_003full.jpg
Figure 3. Golden vein zone showing underground Soviet Cu assays, 2024 drill holes (yellow),
planned 2025 drill holes (blue)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/254320_61795ef714c5b858_004full.jpg
Hayasa Management comments
Hayasa CEO Joel Sutherland states
"We and our partners at EMX Royalty feel confident that the 2025
program has a reasonably high probability of success given the recovered historical data in
combination with analysis of Hayasa's past exploration work.
We believe Urasar has the potential to
develop into a district-scale series of mineralized systems, with the goal of discovering one or more
tier-one epithermal gold and/or copper porphyry deposits."
President and Chairman Dennis Moore comments,
"With the recently uncovered historic data and
hindsight, we can see that the drill holes completed last year were directed at the footwall of the Soviet-
defined mineralized zones.
I am confident and quite excited that we will be putting metal in the box this
summer."
About Urasar
Hayasa Metals holds a 3,392-hectare exploration license over the Urasar Mineral District in northern
Armenia. The project spans a 15 km mineralized corridor following the Yellow River and Black River
valleys.
The geology comprises oceanic ophiolites thrust over Tertiary-aged volcanics, volcanoclastic,
and limestones-an analogous setting to the 4+ million oz Zod (Sokt) deposit located ~100 km to the
southeast along the same regional-scale lineament.
Qualified person
The content of this news release was reviewed by Dennis Moore, Fremont's President, and interim
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 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 Urasar. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/254320