Hayasa Metals Begins 2025 Drilling Campaign at Vardenis Copper-Gold Project
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) ha avviato la campagna di perforazione di Fase 2 al progetto rame-oro di Vardenis in Armenia, attualmente in opzione con Teck Resources. Il programma prevede un minimo di 3.500 metri distribuiti su 10-12 fori e dovrebbe essere completato entro otto settimane.
La perforazione si concentra su tre obiettivi principali: il Soviet Target (almeno cinque fori), caratterizzato da un’anomalia di molibdeno nei suoli e alterazione argillosa avanzata; il Razmik Target (almeno due fori), che presenta una anomalia primaria di rame nei suoli; e l’Artsiv Target (almeno un foro), con caratteristiche tipiche di epiterma ad alta solfidazione.
La società ha incaricato l’AT Group di Yerevan, impiegando due trivelle Atlas Copco CS14 con capacità operativa fino a 1.200 metri di profondità. Il progetto si basa su un’ampia attività storica condotta da Dundee Precious Metals e sulle esplorazioni svolte da Hayasa nel 2023-2024.
Hayasa Metals (OTCQB:HAYAF) ha iniciado su campaña de perforación de Fase 2 en el proyecto de cobre-oro Vardenis en Armenia, actualmente en opción con Teck Resources. El programa apunta a un mínimo de 3.500 metros distribuidos en 10-12 pozos y se espera que finalice en ocho semanas.
La campaña se centra en tres objetivos principales: Soviet Target (mínimo cinco pozos), que presenta una anomalía de molibdeno en suelos y alteración argílica avanzada; Razmik Target (mínimo dos pozos), con una anomalía primaria de cobre en suelos; y Artsiv Target (mínimo un pozo), caracterizado por rasgos de epiterma de alta sulfidación.
La compañía contrató a AT Group de Ereván, utilizando dos equipos de perforación Atlas Copco CS14 capaces de alcanzar hasta 1.200 metros de profundidad. El proyecto se apoya en trabajos históricos extensos realizados por Dundee Precious Metals y en las exploraciones de Hayasa durante 2023-2024.
Hayasa Metals (OTCQB:HAYAF)는 아르메니아의 바르데니스 구리-금 프로젝트(Teck Resources와 옵션 계약)에 대한 2단계 시추 캠페인을 시작했습니다. 해당 프로그램은 10~12공에 걸쳐 최소 3,500미터를 목표로 하며 약 8주 내 완료될 예정입니다.
시추는 세 가지 주요 목표를 대상으로 합니다: 몰리브덴 토양 이상과 고도화된 점토광화가 관찰되는 Soviet Target(최소 5공); 1차 구리 토양 이상이 있는 Razmik Target(최소 2공); 고황화(epithermal high-sulfidation) 특성을 보이는 Artsiv Target(최소 1공).
회사는 예레반의 AT Group을 계약해 두 대의 Atlas Copco CS14 시추기를 사용하며, 최대 심도 1,200미터까지 시추가 가능합니다. 이 프로젝트는 Dundee Precious Metals의 방대한 과거 조사와 Hayasa가 2023–2024년에 수행한 탐사 활동을 바탕으로 하고 있습니다.
Hayasa Metals (OTCQB:HAYAF) a lancé sa campagne de forage de Phase 2 sur le projet cuivre-or de Vardenis en Arménie, actuellement en option auprès de Teck Resources. Le programme vise au moins 3 500 mètres répartis sur 10 à 12 forages et devrait s’achever en huit semaines.
La campagne cible trois zones principales : Soviet Target (au moins cinq forages), présentant une anomalie de molybdène en surface et une altération argileuse avancée ; Razmik Target (au moins deux forages), avec une anomalie primaire de cuivre dans les sols ; et Artsiv Target (au moins un forage), caractérisé par des traits épithermaux à forte sulfidation.
La société a mandaté l’AT Group d’Erevan et utilise deux forages Atlas Copco CS14 pouvant atteindre 1 200 mètres de profondeur. Le projet s’appuie sur d’importants travaux historiques de Dundee Precious Metals ainsi que sur les activités d’exploration menées par Hayasa en 2023–2024.
Hayasa Metals (OTCQB:HAYAF) hat seine Phase-2-Bohrkampagne beim Vardenis Kupfer-Gold-Projekt in Armenien gestartet, das Teck Resources zur Option steht. Das Programm sieht mindestens 3.500 Meter in 10–12 Bohrlöchern vor und soll innerhalb von acht Wochen abgeschlossen werden.
Die Bohrungen konzentrieren sich auf drei Hauptziele: Soviet Target (mindestens fünf Löcher) mit einer Molybdän-Bodenanomalie und fortgeschrittener argillischer Alteration; Razmik Target (mindestens zwei Löcher) mit einer primären Kupfer-Bodenanomalie; und Artsiv Target (mindestens ein Loch), das Merkmale einer hochsulfidischen Epithermal-Formation aufweist.
Das Unternehmen hat die AT Group aus Jerewan beauftragt und setzt zwei Atlas Copco CS14-Bohranlagen ein, die bis zu 1.200 Meter Tiefe erreichen können. Das Projekt baut auf umfangreichen historischen Arbeiten von Dundee Precious Metals und Hayasas eigenen Erkundungen in 2023–2024 auf.
- Partnership with major mining company Teck Resources adds credibility to the project
- Extensive historical data and recent exploration work provide strong geological understanding
- Multiple promising drill targets identified through comprehensive geophysical surveys
- Reduced country risk due to recent U.S.-brokered Armenia-Azerbaijan peace deal
- Early-stage exploration project with no proven resources yet
- Results dependent on successful drill program outcomes
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:
https://images.newsfilecorp.com/files/3169/264653_016083a25475cbaa_002full.jpg
Figure 2. Northern area of Vardenis license with proposed priority drill hole locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/264653_016083a25475cbaa_003full.jpg
Figure 3. Other possible drill sites depending on results from the first holes
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https://images.newsfilecorp.com/files/3169/264653_016083a25475cbaa_004full.jpg
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
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 km2 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:
joel@hayasametals.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264653
FAQ
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