Welcome to our dedicated page for Hayasa Metals news (Ticker: HAYAF), a resource for investors and traders seeking the latest updates and insights on Hayasa Metals stock.
Hayasa Metals Inc. (OTCQB: HAYAF; TSXV: HAY) generates frequent news updates as it advances copper and gold exploration projects in Armenia. Company releases cover drilling progress, geophysical survey results, option and joint venture arrangements, and technical interpretations for both the Urasar Mineral District and the Vardenis copper-gold project.
At Urasar, Hayasa issues news on Phase 2 drill campaigns, assay batches from multiple holes, and follow-up work on prospects such as Copper Creek, Golden Vein, Oxide Basin, Black River and Brick House. These updates often describe mineralized intervals, sulfide occurrences, alteration styles and the use of induced polarization and Natural Source Audio Magnetotelluric (NSAMT) surveys to refine deeper drill targets along the 15 km mineralized corridor.
For Vardenis, news releases provide detail on drill programs targeting prospects including Soviet, Razmik and Artsiv, as well as the outcomes of IP and magnetotelluric surveys and the evolution of the project’s option and joint venture agreement with Teck Resources Limited. Disclosures explain how drilling tests surface geochemical anomalies and geophysical conductors in an area of extensive alteration.
Investors and sector followers can use this news feed to track Hayasa’s exploration strategy, the timing and scope of drill campaigns, and the technical context of reported copper, gold and molybdenum mineralization. Regular updates on project work programs, option terms and qualified person commentary provide ongoing insight into how the company is advancing its Armenian exploration portfolio.
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 (OTCQB: HAYAF) has announced final drill results from its Urasar project, including holes UDD-04, 05, 07, 08, and 09. The results showed low-level gold mineralization throughout, with hole UDD-04 at Oxide Basin yielding the highest average copper content. Notably, hole UDD-08 at Brick House prospect returned 11m of 0.28% Zn, including two samples over 0.5% Zn.
The company's 2025 drill campaign is fully funded by a US$1,000,000 NSR royalty sale to Franco-Nevada and EMX Royalty Management plans to explore areas north of the 2024 drill program, focusing on higher elevations based on reinterpreted IP data, magnetic surveys, and previous drill results. The planned 2,000-meter campaign will commence in June 2025, with roadwork scheduled for completion in early June.
While the results confirm a large mineralized system with approximately 15 km strike extent, management acknowledges they fell short of expectations but maintains confidence in Urasar's potential to host economic ore bodies.
Hayasa Metals has announced initial drill results from its Urasar Copper-Gold Project. The company reported gold grades averaging 0.030 ppm Au over 214m in hole UDD-06, 0.16 ppm Au over 275m in UDD-03, 0.18 ppm over 145m in UDD-01, and 0.12 ppm Au over 394m in UDD-02.
A trial IP survey revealed that preliminary sections contained a 'rotation' error, which resulted in incorrect placement of chargeability and resistivity anomalies. The best chargeability anomalies were found to be located north and up-slope from recent drill holes. The company plans to start its 2025 drilling program in late spring, focusing on the northern area where historic Soviet-era drilling reportedly encountered significant copper and gold mineralization.
Additional assay results from holes 7 and 9 at Black River are expected in late February, followed by results from hole 8 at Brickhouse and hole 4 at Oxide Basin in early March.
Hayasa Metals (TSXV: HAY) (OTCQB: HAYAF) has announced results from a 130 line-km ground magnetometer survey at its Vardenis Copper-Gold Project in Armenia. The survey, conducted during AUG-SEP 2023 and AUG-OCT 2024, was processed by Campbell and Walker Geophysics.
The Vardenis project is located 20km from the 4.8M oz Amulsar gold mine and has shown six zones of porphyry-epithermal mineralization over a 35 km² area. Historic work includes Soviet-era exploration and Dundee Precious Metals' US$2.4M investment from 2015-2018.
Recent exploration includes a 23-line km IP survey, ground magnetic survey, and additional mapping. The magnetic survey revealed a north-south trending magnetic high corresponding to a basaltic lava flow, with target host rocks believed to lie beneath. The company plans to conduct a minimum 3,000m diamond drilling program at Vardenis and an additional 2,000m at Urasar in 2025.
Additionally, Hayasa has issued 2,097,760 shares as part of a debt settlement, with a remaining $109,000 deferred until the next financing round.
Hayasa Metals (TSXV: HAY, OTCQB: HAYAF) has completed the sale of a 1.25% Net Smelter Return (NSR) royalty for its Urasar gold-copper project in Armenia to Franco-Nevada and EMX Royalty for US$1,000,000. Franco-Nevada contributed US$550,000 for a 0.625% NSR, while EMX contributed US$450,000 for the remaining 0.625% NSR.
Each company received 250,000 share purchase warrants, exercisable within 18 months at CAD 0.22 per share. Both companies gained right of first refusal for future royalty opportunities at Urasar. The proceeds will fund Urasar's 2025 drilling program, following the 2024 program of 2,100 meters across 9 holes. Assay results from these holes are expected to be released throughout February and March, with initial results from Copper Creek and Golden Vein sites due in early February.
The company also approved its Omnibus Equity Incentive Plan, granting 4,800,000 performance share units to directors, officers, and employees.
Hayasa Metals (TSXV: HAY) (OTCQB: HAYAF) has announced results from a 23 line-km high resolution induced polarisation (HRIP) survey at their Vardenis Copper-Gold Project, conducted in August-September 2024 by Terratec Geophysical Services. The survey revealed significant chargeability and resistivity anomalies beneath the northern part of a 3.5km x 2.4km copper soil anomaly.
The IP survey was designed to help define drill targets for the upcoming Vardenis Phase 2 drilling campaign planned for June 2025. The campaign will involve a minimum of 3,000m of drilling, potentially extending to 8,000m. The survey produced detailed sections showing chargeability (measured in millivolts per volt) and resistivity (measured in Ohm/m) characteristics below each survey line.
Company President and Chairman Dennis Moore expressed satisfaction with the survey results, noting the presence of large chargeability and resistivity anomalies in the targeted areas beneath the copper soil anomaly.
Hayasa Metals (HAYAF) has announced the sale of a 1.25% Net Smelter Return (NSR) royalty for its Urasar gold-copper project in northern Armenia to Franco-Nevada and EMX Royalty for US$1 million in cash. Franco-Nevada will contribute US$550,000 and EMX US$450,000.
Each company will receive a 0.625% NSR royalty interest and 250,000 share purchase warrants, exercisable within 18 months at CAD 0.22. The companies will also have a right of first refusal for future royalty or stream interests.
The Urasar project, acquired by Hayasa in 2023, is located along a crustal-scale structure in the Tethyan Metallogenic Belt. The area has historical copper production dating back to World War I and Soviet-era exploration. The project shares geological similarities with Armenia's largest gold mine, the Sotk deposit.
Hayasa Metals has completed its maiden drilling campaign at the Urasar Mineral District project in northern Armenia, drilling 2,142 meters across nine holes. The campaign tested five target areas within a 15km mineralized corridor: Copper Creek, Oxide Basin, Golden Vein, Black River, and Brick House prospects. Early snowfall (50cm) forced early completion of hole UDD-06 and postponement of UDD-10 until 2025. Despite weather challenges, the program exceeded both initial (1,600m) and expanded (2,000m) targets. Core samples will be sent to ALS lab in Romania, with results expected in Q1 2025.
Hayasa Metals Inc. (TSXV: HAY, OTCQB: HAYAF) announced that Chairman and President Dennis Moore and CEO Joel Sutherland will attend the NOIC investor conference in New Orleans from November 20-23, 2024. The company has made their latest investor presentation available on their website.