Hayasa Metals Announces Additional Drilling at Urasar Project
Hayasa Metals Announces Additional Drilling
at Urasar Project
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2025) - Hayasa Metals Inc. (TSXV: HAY)
(OTCQB: HAYAF) ("Hayasa" or the "Company") has begun drilling additional holes between the Oxide
Basin and Copper Creek targets, located at the western end of the Urasar Mineral District.
An
Atlas
Copco CS14
drill rig
,
operated by contractor AT Group, has been mobilized from Hayasa's Vardenis
Project to the Urasar site and has commenced drilling hole UDD-021 as at Oct 28.
Fig. 1. Planned, late season drill hole UDD-021 and UDD-022 locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/272180_87e7b1e39465b91d_002full.jpg
CEO Joel Sutherland comments:
"When I joined the Company, I felt the odds of making a discovery
were favorable given the visual outcropping of mineralization at surface, and, in general, how
underexplored Armenia is despite its central location within the Tethyan Belt.
We remain convinced
that there is a deposit at Urasar and look forward to reamining 1,000m of assays from the summer
program expected to be released mid-November.
Given that the primary use of proceeds from the
recent capital raise is for drilling, we have decided to undertake additional meters this year given we
had three drill pad locations already completed and minimal additional roadwork was required.
The location logic is addressed below, our goal is to drill at least one deeper hole to intersect with the
conductive zone identified by the AMT survey undertaken this summer, conditional upon weather and
safety conditions.
If the drilling goes well and weather conditions remain good, we'll aim to do a
second hole."
Fig. 2. 2025 Drill hole locations at Urasar
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/272180_87e7b1e39465b91d_003full.jpg
Background:
In July 2025, a trial audio-magnetotelluric (AMT) geophysical survey comprising three survey lines was
completed at Urasar just as the summer drilling program was concluding. As seen in the resistivity model
below, zones of low resistivity/high conductivity appear to correspond to areas of sulfide mineralization
intersected in drill holes UDD-01, UDD-11, and UDD-14. The data also suggests that these holes may
have been terminated prematurely—particularly hole UDD-01, which was lost at 146m just as it entered
a zone of promising quartz—chalcopyrite mineralization.
Fig. 3. AMT line 3 & nearby drill holes Figure 4. AMT line 2 showing planned
UDD-021
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/272180_hayasaimg34.jpg
To test this interpretation, drill hole UDD-021 is planned to target one of the most conductive zones
identified by the AMT survey on Line 2, located between Oxide Basin and Copper Creek. The hole is
planned to a depth of 500m, considerably deeper than previous drilling
.
Depending on the results—and weather conditions—an additional hole (UDD-022) is proposed
approximately 300m east of hole UDD-021, to test the same conductive anomaly as well as the surface
alteration mapped along the main access road as seen in Fig. 1 above.
Urasar Mineral District
The 15-kilometre-long Urasar mineral district is situated along a major crustal suture that marks the
closure of the ancient Tethyan Sea. The district is characterized by strong to intense argillic to advanced
argillic alteration as well as surficial sulfide mineralization throughout its length. The western portion of
the license features breccia-hosted copper-gold mineralization, while the central zone is dominated by
massive sulfide bodies containing gold and copper.
The eastern end of the district exhibits base metal
mineralization and anomalous gold at surface.
Urasar was first exploited by the French in 1914, followed
by Soviet exploration programs in the 1930s and 1956-1960, comprising over 20 exploration adits and
at least 15 shallow drill holes.
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://twitter.com/Hayasametals
(604) 676-5664
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. 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 regulators. 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/272180