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Hayasa Metals Announces Additional Drilling at Urasar Project
Newsfileยท2025-10-28 10:30

Core Insights - Hayasa Metals Inc. has initiated drilling activities at the Urasar Mineral District, specifically targeting the area between Oxide Basin and Copper Creek, with the first hole UDD-021 already underway as of October 28, 2025 [1][3]. Drilling Activities - The company is utilizing an Atlas Copco CS14 drill rig, which has been moved from the Vardenis Project to the Urasar site for this purpose [1]. - The drilling program aims to explore deeper mineralization, with UDD-021 planned to reach a depth of 500 meters, significantly deeper than previous drill holes [9][10]. - An additional hole, UDD-022, is proposed to be drilled approximately 300 meters east of UDD-021, contingent on the results of the first hole and weather conditions [10]. Geological Context - The Urasar Mineral District spans 15 kilometers and is located along a significant crustal suture related to the ancient Tethyan Sea, characterized by various types of mineralization including copper-gold and base metals [11]. - Historical exploration in the district dates back to 1914, with significant Soviet exploration efforts occurring between 1930s and 1960s, which included over 20 exploration adits and at least 15 shallow drill holes [12]. Exploration Strategy - The company is optimistic about the potential for discovery, citing favorable geological indicators and the underexplored nature of Armenia within the Tethyan Belt [3]. - The recent capital raise is primarily allocated for drilling activities, allowing the company to undertake additional drilling meters this year [3]. Geophysical Survey Insights - A recent audio-magnetotelluric (AMT) survey conducted in July 2025 indicated zones of low resistivity/high conductivity that correlate with previously intersected sulfide mineralization [6]. - The data suggests that some previous drill holes may have been terminated prematurely, particularly UDD-01, which was lost at a depth of 146 meters just as it entered a promising mineralization zone [6].