Hayasa Metals Announces Second Batch of Drill Results from Phase 2 Drill Program at Urasar Project

Core Insights - Hayasa Metals Inc. has announced the second batch of drill results from its Phase 2 drilling program at the Urasar Project in northern Armenia, indicating significant mineralization across multiple drill holes [2][3]. Drilling Program Overview - The Phase 2 summer 2025 diamond drilling program included 11 holes totaling over 2,040 meters, with an additional hole (UDD-021) currently in progress [3]. - The first batch of drill results was released on October 14, 2025, and UDD-021 is expected to be completed within ten days, with results anticipated in early 2026 [3]. Mineralization Highlights - The second batch of results revealed widespread sulfide mineralization, including over 25 meters of massive sulfide in the eastern Black River zone [4][8]. - Specific assay results include: - 4.1 meters at 2.98 g/t Au with 0.25% Cu from 51.9m to 56.0m in UDD-017 - 9.0 meters at 0.22 g/t Au with 139 ppm Mo from 118m to 127m in UDD-017 - 4.0 meters at 0.34% Cu with 0.076 g/t Au from 203m to 207m in UDD-020 - 8.1 meters at 0.27% Cu with 0.032 g/t Au from 82.4m to 90.5m in UDD-015 [6]. Geological Context - The Urasar mineral district is characterized by strong to intense alteration and surficial sulfide mineralization, with historical exploitation dating back to 1914 [14]. - The district features breccia-hosted copper-gold mineralization in the western portion and massive sulfide bodies in the central zone [14]. Future Exploration Plans - The company is targeting several high-priority geophysical anomalies that remain untested and plans to conduct deeper testing in the next drilling campaign scheduled for spring 2026 [11]. - The final drill hole of 2025 aims to dissect an anomaly identified in the AMT survey, with ongoing data collection to inform future exploration [13]. Laboratory and QA/QC - Samples were prepared under the company's supervision in Armenia and analyzed by ALS laboratory in Romania, with a total of 449 sample intervals processed for this batch [15].