Hayasa Metals Stock Price, News & Analysis

Hayasa Metals (OTCQB:HAYAF / TSXV:HAY) completed its 2025 Vardenis drill campaign in Armenia, finishing 10 diamond holes for a total of 4,561 meters between late August and October 27 within the planned eight-week schedule.

All ten holes intersected abundant quartz-sulfide veining and varied alteration; notable intercepts include up to 80 meters of massive silicification in hole VDD-007 and widespread potassic alteration in southern holes VDD-010 to VDD-012. More than 4,500 meters of core have been logged and are being prepared for shipment to Bureau Veritas in Ankara, with gold, multi-element, and spectral assay results expected in late Q1 2026.

Hayasa Metals (OTCQB: HAYAF / TSXV: HAY) has mobilized an Atlas Copco CS14 drill rig to the Urasar project and commenced drill hole UDD-021 on Oct 28, 2025, targeting a conductive zone identified by a July 2025 AMT survey. UDD-021 is planned to 500m, considerably deeper than prior holes; a second hole UDD-022 (~300m east) is proposed if results and weather permit.

The company expects to release assays from the summer program (about 1,000m remaining) in mid-November and says minimal additional roadwork was required to add metres funded by its recent capital raise.

Hayasa Metals (OTCQB: HAYAF / TSXV: HAY) reported first assay results from its Phase 2 2025 drill campaign at the Urasar Mineral District (11 holes, 2,040 m). Results cover holes UDD-010, 011, 012, 013, 014 and 016; remaining core assays are expected within five weeks.

Key highlights: 26.5m @ 0.37% Cu including 5.5m @ 0.96% Cu and 0.116 g/t Au (UDD-013); 24m @ 0.424 g/t Au with 0.18% Cu (UDD-016). Tens of metres of massive sulfide reported in Black River (UDD-016/017). Company flagged possible sample prep issues for selected intervals and will re-process rejects at a second lab as part of QA/QC.

Hayasa Metals (OTCQB:HAYAF) has announced final Natural Source Audio Magnetotelluric (NSAMT) survey results from its Urasar copper-gold project in Armenia. The survey, conducted by Terratec Geophysical Services, comprised three lines over the Yellow River zone with 26 stations.

The NSAMT results revealed significant low resistivity anomalies in the south ends of the profiles, extending northward where recent drilling has encountered sulfide mineralization. Of particular interest is Profile 3, suggesting potential untested sulfide-rich zones at depth. The company is awaiting assay results from its recently completed 2,040m drill program at Urasar.

Management indicates that mineralization controls at Urasar are structurally complex, with evidence of both porphyry-style and massive sulfide mineralization. The company plans to incorporate these findings into its 2026 exploration program, which will include deep drilling to test newly identified geophysical anomalies.

Hayasa Metals (OTCQB:HAYAF) has initiated its Phase 2 drilling campaign at the Vardenis copper-gold project in Armenia, under option to Teck Resources. The program targets a minimum of 3,500 meters across 10-12 holes and is expected to complete within eight weeks.

The drilling campaign focuses on three main targets: Soviet Target (minimum five holes), featuring molybdenum soil anomaly and advanced argillic alteration; Razmik Target (minimum two holes), hosting primary copper-in-soil anomaly; and Artsiv Target (minimum one hole), characterized by high sulfidation epithermal features.

The company has contracted AT Group from Yerevan, utilizing two Atlas Copco CS14 drill rigs capable of reaching 1,200 meters depth. The project builds on extensive historical work by Dundee Precious Metals and Hayasa's own 2023-2024 exploration activities.

Hayasa Metals (OTCQB:HAYAF) has entered into an amended option agreement with Teck Resources for the Vardenis copper-gold project in Armenia. Under the agreement, Teck can acquire up to 80% interest in Mendia Resources LLC, which owns the project's exploration license.

The deal structure includes an Initial Option for 70% interest, requiring Teck to invest US$15 million in exploration by 2029 and complete 4,300 meters of diamond drilling by October 2026. A Second Option for an additional 10% interest requires Teck to deliver a pre-feasibility study within six years of exercising the Initial Option. Teck will be responsible for all project funding during the option periods, with Hayasa retaining initial project management rights.

Hayasa Metals (OTCQB:HAYAF) has completed its Phase 2 diamond drill program at the 100%-owned Urasar Mineral District in northern Armenia, drilling 2,040.1 meters across eleven holes. The program targeted five prospects along a 15 km-long mineralized corridor, including Western Zone (Copper Creek, Oxide Basin, Golden Vein) and Eastern Zone (Black River, Brick House).

The company has submitted approximately 400 core samples for analysis, with results expected in late September 2025. Additionally, Hayasa announced the commencement of its 2025 Vardenis drill campaign in mid-August, planning 8-10 drill holes totaling 3,400 meters. The Vardenis project, located 20kms from the Amulsar deposit, shows potential for hosting a Tier-1 porphyry copper-molybdenum deposit, attracting interest from major mining companies.

Hayasa Metals (OTCQB: HAYAF) has completed three drill holes totaling approximately 800 meters as part of its ongoing 2,000-metre 2025 drill campaign at the Urasar Mineral District in Armenia. The completed holes UDD-010, UDD-011, and UDD-012 reached depths of 321.0m, 128.2m, and 229.5m respectively, with UDD-013 currently in progress.

Notably, holes UDD-011 and UDD-012 intersected significant mineralized intervals containing chalcopyrite, pyrite, and minor bornite. The company is exploring a copper-gold mineralized body that strikes east-west for approximately 900 meters between the Copper Creek zone and Golden Vein adits, part of a broader 15-kilometer-long mineralized lineament.

Additionally, the company granted 750,000 stock options at $0.12 per share with a five-year term, vesting over 24 months.

Hayasa Metals has initiated its 2025 drilling campaign at the Urasar Copper-Gold Project in Armenia, contracting AT Group for a 2,000-meter diamond drilling program across 8-9 holes. The program, expected to complete in 9 weeks, follows a comprehensive exploration effort since mid-2023 that included geochemical surveys, geophysics, and geological mapping. While the 2024 drilling results were sub-economic, the discovery of a 1960 Soviet-era report revealed that previous drill holes targeted areas too far south. The 2025 program features revised targeting strategies, focusing on Western Targets with 6 holes and the Black River Target with 2 holes. The company aims to explore what it believes could become a district-scale series of mineralized systems, potentially hosting tier-one epithermal gold and/or copper porphyry deposits.