Hayasa Metals Announces Completion of Maiden Drill Campaign at Urasar Mineral District, Armenia
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 ha completato la sua prima campagna di perforazione presso il progetto Distanza Mineraria di Urasar nel nord dell'Armenia, perforando 2.142 metri attraverso nove fori. La campagna ha testato cinque aree target all'interno di un corridoio mineralizzato di 15 km: Copper Creek, Oxide Basin, Golden Vein, Black River e Brick House. Le nevicate anticipate (50 cm) hanno costretto a completare anticipatamente il foro UDD-06 e a posticipare UDD-10 al 2025. Nonostante le sfide climatiche, il programma ha superato sia gli obiettivi iniziali (1.600 m) che quelli ampliati (2.000 m). I campioni di nucleo saranno inviati al laboratorio ALS in Romania, con risultati attesi nel primo trimestre del 2025.
Hayasa Metals ha completado su primera campaña de perforación en el proyecto Distrito Mineral Urasar en el norte de Armenia, perforando 2,142 metros a través de nueve agujeros. La campaña probó cinco áreas objetivo dentro de un corredor mineralizado de 15 km: Copper Creek, Oxide Basin, Golden Vein, Black River y Brick House. La nevada temprana (50 cm) obligó a completar anticipadamente el agujero UDD-06 y a posponer UDD-10 hasta 2025. A pesar de los desafíos climáticos, el programa superó tanto los objetivos iniciales (1,600 m) como los ampliados (2,000 m). Las muestras de núcleo se enviarán al laboratorio ALS en Rumanía, y se esperan resultados en el primer trimestre de 2025.
Haeyasa Metals는 아르메니아 북부의 우라사르 광물 지구 프로젝트에서 첫 번째 시추 캠페인을 완료했으며, 아홉 개 구멍에서 2,142미터를 시추했습니다. 이 캠페인은 15km 광물화 구역 내 다섯 개의 목표 지역을 시험했습니다: Copper Creek, Oxide Basin, Golden Vein, Black River 및 Brick House. 조기 강설(50cm)로 인해 UDD-06 구멍이 조기에 완료되었고 UDD-10은 2025년까지 연기되었습니다. 날씨의 어려움에도 불구하고, 프로그램은 초기 목표(1,600m)와 확대 목표(2,000m)를 모두 초과 달성했습니다. 코어 샘플은 루마니아의 ALS 연구소로 보내질 예정이며, 결과는 2025년 1분기에 발표될 예정입니다.
Hayasa Metals a terminé sa première campagne de forage sur le projet District Minéral Urasar dans le nord de l'Arménie, en forant 2 142 mètres à travers neuf trous. La campagne a testé cinq zones cibles dans un corridor minéralisé de 15 km : Copper Creek, Oxide Basin, Golden Vein, Black River et Brick House. Les premières chutes de neige (50 cm) ont contraint à terminer prématurément le trou UDD-06 et à reporter UDD-10 jusqu'en 2025. Malgré les défis météorologiques, le programme a dépassé à la fois les objectifs initiaux (1 600 m) et étendus (2 000 m). Les échantillons de cœur seront envoyés au laboratoire ALS en Roumanie, avec des résultats attendus au premier trimestre 2025.
Hayasa Metals hat seine erste Bohrkampagne im Urasar Mineral District Projekt im Norden Armeniens abgeschlossen und 2.142 Meter in neun Löchern gebohrt. Die Kampagne testete fünf Zielbereiche innerhalb eines 15 km mineralisierten Korridors: Copper Creek, Oxide Basin, Golden Vein, Black River und Brick House. Frühzeitiger Schneefall (50 cm) zwang zur vorzeitigen Beendigung des Lochs UDD-06 und zur Verschiebung von UDD-10 auf 2025. Trotz der Wetterherausforderungen übertraf das Programm sowohl die ursprünglichen (1.600 m) als auch die erweiterten (2.000 m) Ziele. Kernproben werden an das ALS-Labor in Rumänien geschickt, die Ergebnisse werden im ersten Quartal 2025 erwartet.
- Exceeded drilling targets by 30% (2,142m vs 1,600m planned)
- Observed sulfide mineralization and hydrothermal brecciation in most holes
- Successfully completed drilling across five distinct target areas
- 100% ownership of the Urasar property
- Weather conditions forced early termination of one hole (UDD-06)
- Postponement of planned hole UDD-10 to 2025
- Results delayed until Q1 2025
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2024) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce the completion of its maiden drilling campaign at its
Snow conditions arrived earlier than 2023, with up to 50cm falling at site late last week. The inclement weather necessitated finishing hole UDD-06 earlier than intended and postponing UDD-10, the third hole planned at Black River, until 2025. Despite the program ending a couple of weeks earlier than planned, total meters drilled was well in excess of both the original plan of 1,600m and the recently announced expansion plan of 2,000m (see news release dated November 19, 2024).
The first three holes have been logged, split, and processed and the rest of the core is currently in the process of being logged, split and prepped. Minimum 50kg lots will be transported to the ALS lab in Romania within two weeks. Geochemical results are expected to be announced in Q1 2025.
Dennis Moore, President and Qualified Person of Hayasa, commented, "We are pleased with the extent of sulfide mineralization, the intensity of alteration, and the widespread hydrothermal brecciation observed in all but one hole. We are optimistic that the positive assay results from this maiden drill program will help us gain a clearer understanding of the location and structural controls of mineralization within the Urasar District."
Figure 1: Select Photos of Drill Core
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3169/232140_hayasa1en.jpg
Figure 2: Magnetic Map of Urasar with Drill Holes Plotted
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CEO comments
CEO Joel Sutherland added "This past summer, we successfully raised funds for the Urasar drill campaign, and shareholders should be pleased to know that we exceeded the originally planned meterage by more than
About Hayasa Metals
The Company's mine-finding management team has a track record of creating shareholder value. Current exploration efforts are centered on two key properties, Urasar and Vardenis, both of which have shown encouraging preliminary exploration results to date and significant potential for tier one mineral discoveries in the Central Tethyan Mineral Belt in Armenia. The Tethyan Belt is one of the world's most prolific gold, copper and polymetallic mineral belts, yet the Armenian portion of the belt is vastly underexplored.
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://twitter.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 Urasar. 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 regulators. 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/232140
FAQ
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