Hayasa Metals Inc. Announces Operational Update and the Appointment of Robert Furse and Derek White to the Board
Hayasa Metals provided an operational update on its Urasar drill program and announced board changes. The company completed two holes at Copper Creek (UDD-001 and UDD-002), with UDD-001 reaching 150m and UDD-002 extending to 395m. Two rigs are currently operating at Golden Vein (UDD-003) and Oxide Basin (UDD-004), with assay results expected in early 2025. The drill cores show intense alteration and sulfide mineralization. Robert Furse and Derek White have been appointed to the Board of Directors, replacing Jason Libenson and Michael Williams. The company also granted 600,000 stock options at $0.15 per share.
Hayasa Metals ha fornito un aggiornamento operativo sul suo programma di perforazione Urasar e ha annunciato cambiamenti nel consiglio di amministrazione. L'azienda ha completato due perforazioni a Copper Creek (UDD-001 e UDD-002), con UDD-001 che ha raggiunto i 150 m e UDD-002 estendendosi fino a 395 m. Attualmente, due piattaforme stanno operando a Golden Vein (UDD-003) e Oxide Basin (UDD-004), con i risultati delle analisi previsti per inizio 2025. I campioni di perforazione mostrano intensa alterazione e mineralizzazione da solfuri. Robert Furse e Derek White sono stati nominati membri del Consiglio di Amministrazione, sostituendo Jason Libenson e Michael Williams. L'azienda ha anche concesso 600.000 opzioni su azioni a $0,15 per azione.
Hayasa Metals proporcionó una actualización operativa sobre su programa de perforación Urasar y anunció cambios en la junta directiva. La compañía completó dos pozos en Copper Creek (UDD-001 y UDD-002), alcanzando UDD-001 los 150 m y UDD-002 extendiéndose a 395 m. Actualmente, dos equipos están operando en Golden Vein (UDD-003) y Oxide Basin (UDD-004), con los resultados de los ensayos esperados para principios de 2025. Los núcleos de perforación muestran una intensa alteración y mineralización de sulfuros. Robert Furse y Derek White han sido nombrados para la Junta Directiva, reemplazando a Jason Libenson y Michael Williams. La compañía también otorgó 600,000 opciones de acciones a $0.15 por acción.
Hayasa Metals는 Urasar 시추 프로그램에 대한 운영 업데이트를 제공하고 이사회 변경 사항을 발표했습니다. 이 회사는 Copper Creek(UDD-001 및 UDD-002)에서 두 개의 구멍을 완료했으며, UDD-001은 150m에 도달하고 UDD-002는 395m로 연장되었습니다. 현재 두 대의 장비가 Golden Vein(UDD-003)과 Oxide Basin(UDD-004)에서 작동 중이며, 분석 결과는 2025년 초에 예상됩니다. 시추 코어는 강한 변화와 황화물 광물화를 보여줍니다. Robert Furse와 Derek White가 이사회에 임명되어 Jason Libenson과 Michael Williams를 대체했습니다. 회사는 또한 주당 $0.15에 600,000개의 스톡 옵션을 부여했습니다.
Hayasa Metals a fourni une mise à jour opérationnelle sur son programme de forage Urasar et a annoncé des changements au sein du conseil d'administration. La société a achevé deux forages à Copper Creek (UDD-001 et UDD-002), UDD-001 atteignant 150 m et UDD-002 s'étendant jusqu'à 395 m. Deux foreuses sont actuellement en opération à Golden Vein (UDD-003) et Oxide Basin (UDD-004), avec des résultats d'analyses attendus début 2025. Les carottes de forage montrent une altération intense et une minéralisation en sulfures. Robert Furse et Derek White ont été nommés au conseil d'administration, remplaçant Jason Libenson et Michael Williams. L'entreprise a également accordé 600 000 options d'achat d'actions à 0,15 $ par action.
Hayasa Metals hat ein operatives Update zu seinem Urasar-Bohrprogramm gegeben und Änderungen im Vorstand angekündigt. Das Unternehmen hat zwei Löcher in Copper Creek (UDD-001 und UDD-002) abgeschlossen, wobei UDD-001 150 m und UDD-002 bis zu 395 m erreichte. Derzeit sind zwei Bohranlagen in Golden Vein (UDD-003) und Oxide Basin (UDD-004) im Einsatz, wobei mit Analyseergebnissen Anfang 2025 zu rechnen ist. Die Bohrkerne zeigen eine intensive Alteration und Sulfidmineralisierung. Robert Furse und Derek White wurden in den Vorstand berufen und ersetzen Jason Libenson und Michael Williams. Das Unternehmen hat zudem 600.000 Aktienoptionen zu einem Preis von 0,15 $ pro Aktie gewährt.
- Drill cores show promising signs with intense alteration and up to 10% sulfide mineralization
- Strategic board appointments bringing capital markets and mining expertise
- Active drilling program with two rigs operating simultaneously
- First drill hole (UDD-001) was lost at 150m, short of planned 200m depth
- Faulting and intense alteration making drilling more complicated and slower than previous program
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: FRERF) (FSE: FR2) ("Hayasa" or the "Company") is pleased to provide an operational update and announce the appointment of Robert Furse and Derek White to Hayasa's Board of Directors with immediate effect.
Operational Update
Hayasa's drill program at Urasar is the focus of our current update. To date, the company has completed two holes at Copper Creek (UDD-001 and UDD-002 per Figure 1); both holes were planned for approximately 200m. Drill hole UDD-001 was lost at just under 150m which was disappointing as the hole displayed good silica-hosted mineralization in the last several boxes of core. The second hole, UDD-002, warranted deeper drilling based on encouraging visual evidence at depth and was completed to 395m. Hayasa has two rigs on site and are currently operating at Golden Vein (UDD-003) and Oxide Basin (UDD-004). Assay results are expected to be received in early 2025.
Figure 1: Magnetic IP map of Urasar
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/229475_f9b7ed64e40cdb96_002full.jpg
President and QP Dennis Moore comments:
"We are encouraged by what we are seeing in the drill core to date: intense alteration, abundant hydrothermal brecciation and ubiquitous sulfide mineralization, with up to
As explained in earlier NRs, the entire Urasar District is hosted within a major structural corridor containing numerous thrust faults as well as normal faults and is one of the main reasons the District is well mineralized. However, the faulting and intense alteration does make the drilling a bit more complicated and slower than our program last year at Vardenis.
The first two holes have been logged and cut and will be sent to the laboratory early next week, and we are quite excited to see what the lab results will reveal."
Figure 2: Drill Core from Urasar
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/229475_hayasafig2.jpg
Board of Directors
The company is pleased to announce the appointment of Robert Furse and Derek White to Hayasa's Board of Directors with immediate effect.
Based out of Toronto, Robert Furse is a serial entrepreneur and investor having founded and built companies in several industries including information technology and wealth management. Mr. Furse has been involved in wealth management and capital markets since joining Integral Wealth Securities in 2006 as an investment banker and one of the founding members of the capital markets group. He is co-founder, former Chairman and past President of Echelon Wealth Partners Inc. (now Ventum Financial). Mr. Furse graduated from Queen's University in 1994 and lives in Toronto, with his wife and children.
Based out of Vancouver, Derek White has over 35 years of experience in the mining and metals industry. He holds an undergraduate degree in Geological Engineering from the University of British Columbia and is also a Chartered Accountant. Mr. White is the President and CEO of Ascot Resources Ltd. Prior to joining Ascot Resources Ltd. he was the Principal of Traxys Capital Partners LLP, a private equity firm specializing in the mining and minerals sectors. Mr. White was President and CEO of KGHM International Ltd. from 2012 to 2015, and also held the positions of Executive Vice President, Business Development and Chief Financial Officer of Quadra FNX Mining Ltd. from 2004 to 2012. Mr. White has held executive positions with International Vision Direct Ltd., BHP-Billiton Plc, Billiton International Metals BV and Impala Platinum Ltd., in Vancouver, Toronto, London, The Hague, and Johannesburg. Mr. White was appointed as a Director of Boliden AB in April 2024.
Jason Libenson and Michael Williams have resigned from the Board and the Company is grateful for their advice, insight and many years of service.
Company CEO Joel Sutherland comments, "Thank you to Jason and Michael for their Board leadership during a transition period of the company. We are delighted to welcome Rob and Derek as a new Board members to the Hayasa team. Rob's pedigree in the capital markets is a big win for a company our size and he brings a perspective that compliments the technical mining expertise offered by other members; Derek's mining career has spanned senior positions at a number of global resource organizations. His experience at building and operating mines, including Sierra Gorda (estimated to hold over 1 billion tonnes of copper-molybdenum-gold sulphide mineral reserves) in Antofagasta, Chile and the Premier Gold Mine in northern BC, will be invaluable as we prove up the resource of the potential copper porphyry mineralization at Vardenis."
Company President and CEO Dennis Moore comments, "I am delighted to welcome Rob and Derek as new board members to the Hayasa team. On behalf of the Board of Directors and the Company's shareholders, I also wish to thank Jason and Mike for their contributions to the Company over the years. Their guidance helped put the Company in the strong position it is in now, and we want to thank them for their invaluable service."
Grant of Stock Options
Hayasa's Board of Directors has approved the granting of stock options pursuant to the Company's 2024 omnibus equity incentive plan. The stock options will entitle the holders to purchase a total of 600,000 common shares in the capital stock of the Company at a price of
On behalf of the Board of Directors,
Joel Sutherland
CEO
Hayasa Metals Inc.
For further information, contact:
Corporate Information
Hayasa Metals Inc.
Joel Sutherland, CEO
joel@Hayasametals.com
www.Hayasametals.com
twitter: @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
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Such forward-looking statements are based on several material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause the completion of the Private Placement or the actual use of proceeds to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Actual results and future events could differ materially from those anticipated in such statements. Hayasa undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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FAQ
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