Hayasa Metals Announces Initial Drill Results and Final IP Sections at Urasar Copper-Gold Project
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 ha annunciato i risultati iniziali delle perforazioni del suo Progetto Rame-Oro Urasar. L'azienda ha riportato gradi d'oro che mediamente raggiungono 0,030 ppm Au su 214m nel foro UDD-06, 0,16 ppm Au su 275m in UDD-03, 0,18 ppm su 145m in UDD-01 e 0,12 ppm Au su 394m in UDD-02.
Un'indagine IP di prova ha rivelato che le sezioni preliminari contenevano un errore di 'rotazione', che ha comportato un posizionamento errato delle anomalie di carica e resistività. Le migliori anomalie di carica si sono trovate a nord e in salita rispetto ai recenti fori di perforazione. L'azienda prevede di avviare il suo programma di perforazione 2025 alla fine della primavera, concentrandosi sull'area settentrionale dove le perforazioni storiche dell'era sovietica hanno riportato significative mineralizzazioni di rame e oro.
Ulteriori risultati di analisi dai fori 7 e 9 a Black River sono attesi per la fine di febbraio, seguiti dai risultati del foro 8 a Brickhouse e del foro 4 a Oxide Basin all'inizio di marzo.
Hayasa Metals ha anunciado los resultados iniciales de perforación de su Proyecto de Cobre-Oro Urasar. La empresa reportó grados de oro que promedian 0.030 ppm Au sobre 214m en el agujero UDD-06, 0.16 ppm Au sobre 275m en UDD-03, 0.18 ppm sobre 145m en UDD-01 y 0.12 ppm Au sobre 394m en UDD-02.
Una encuesta IP de prueba reveló que las secciones preliminares contenían un error de 'rotación', lo que resultó en una colocación incorrecta de las anomalías de cargabilidad y resistividad. Las mejores anomalías de cargabilidad se encontraron al norte y en pendiente de los recientes agujeros de perforación. La empresa planea iniciar su programa de perforación 2025 a finales de la primavera, enfocándose en el área norte donde las perforaciones históricas de la era soviética supuestamente encontraron una mineralización significativa de cobre y oro.
Se esperan resultados adicionales de análisis de los agujeros 7 y 9 en Black River a finales de febrero, seguidos por resultados del agujero 8 en Brickhouse y del agujero 4 en Oxide Basin a principios de marzo.
Hayasa Metals는 Urasar 구리-금 프로젝트의 초기 시추 결과를 발표했습니다. 회사는 UDD-06에서 214m에 걸쳐 평균 0.030 ppm Au, UDD-03에서 275m에 걸쳐 0.16 ppm Au, UDD-01에서 145m에 걸쳐 0.18 ppm Au, UDD-02에서 394m에 걸쳐 0.12 ppm Au의 금 함량을 보고했습니다.
시험 IP 조사 결과 초기 섹션에서 '회전' 오류가 발견되어 전하 능력 및 저항성 이상 현상의 잘못된 배치가 발생했습니다. 가장 좋은 전하 능력 이상은 최근 시추 구멍의 북쪽과 경사진 곳에서 발견되었습니다. 회사는 역사적인 소련 시대 시추에서 상당한 구리 및 금 광물이 발견된 북부 지역에 초점을 맞추어 2025년 시추 프로그램을 늦봄에 시작할 계획입니다.
Black River의 7번 및 9번 홀에서 추가 분석 결과는 2월 말에 예상되며, Brickhouse의 8번 홀과 Oxide Basin의 4번 홀 결과는 3월 초에 나올 예정입니다.
Hayasa Metals a annoncé les premiers résultats de forage de son projet de cuivre-or Urasar. L'entreprise a rapporté des teneurs en or moyennes de 0,030 ppm Au sur 214m dans le trou UDD-06, 0,16 ppm Au sur 275m dans UDD-03, 0,18 ppm sur 145m dans UDD-01 et 0,12 ppm Au sur 394m dans UDD-02.
Une enquête IP d'essai a révélé que les sections préliminaires contenaient une erreur de 'rotation', ce qui a entraîné un placement incorrect des anomalies de chargeabilité et de résistivité. Les meilleures anomalies de chargeabilité ont été trouvées au nord et en pente par rapport aux récents trous de forage. L'entreprise prévoit de commencer son programme de forage 2025 à la fin du printemps, en se concentrant sur la zone nord où des forages historiques de l'ère soviétique auraient rencontré une minéralisation significative en cuivre et en or.
Des résultats d'analyse supplémentaires des trous 7 et 9 à Black River sont attendus fin février, suivis des résultats du trou 8 à Brickhouse et du trou 4 à Oxide Basin début mars.
Hayasa Metals hat die ersten Bohrergebnisse seines Urasar Kupfer-Gold-Projekts bekannt gegeben. Das Unternehmen berichtete von Goldgehalten, die durchschnittlich 0,030 ppm Au über 214m im Loch UDD-06, 0,16 ppm Au über 275m in UDD-03, 0,18 ppm über 145m in UDD-01 und 0,12 ppm Au über 394m in UDD-02 betragen.
Eine Test-IP-Untersuchung ergab, dass die vorläufigen Abschnitte einen 'Rotations'-Fehler enthielten, was zu einer falschen Platzierung der Ladungs- und Widerstands-Anomalien führte. Die besten Ladungs-Anomalien wurden nördlich und ansteigend von den jüngsten Bohrlöchern gefunden. Das Unternehmen plant, sein Bohrprogramm 2025 Ende des Frühlings zu starten und sich auf den nördlichen Bereich zu konzentrieren, wo historische sowjetische Bohrungen angeblich bedeutende Kupfer- und Goldmineralisierungen aufwiesen.
Zusätzliche Analyseergebnisse von den Löchern 7 und 9 bei Black River werden Ende Februar erwartet, gefolgt von Ergebnissen aus Loch 8 bei Brickhouse und Loch 4 bei Oxide Basin Anfang März.
- Consistent gold mineralization across all drill holes with minimal samples below detection limit
- Secured funding for upcoming drill program through NSR sale to Franco-Nevada and EMX
- Identified new target areas with strong chargeability anomalies for 2025 drilling program
- Drill results were 'not as robust as expected' according to company president
- Initial drilling misplaced due to IP survey rotation error
- Need to construct new access roads and drill pads, potentially delaying 2025 program
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce that it has received the geochemical results for drill holes UDD-01, 02, 03 and 06, from the Copper Creek and Golden Vein prospects as well as the final high resolution induced polarization (HRIP) sections from a trial IP survey executed in October 2024.
Figure 1: Drill hole locations and IP lines overlain on ground mag image
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Dennis Moore, President and Qualified Person of Hayasa, commented, "While these results are not as robust as we were expecting, there is anomalous gold and copper throughout the lengths of these four holes. Only
IP Survey
A trial IP survey carried out by Terratec Geophysical Services GmbH & Co. was executed just prior to the drilling campaign comprising two lines over the western part of the license (Yellow River zone), and one line over the Black River zone in the eastern part of the license. See below.
Figure 2. Resistivity and Chargeability Sections for IP lines 1, 2 and 3
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Figure 3. Line 2, IP Chargeability Section, Copper Creek Drill Holes 1, 2, and 5 plotted
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Figure 4. Line 2, IP Chargeability Section with Drill holes 3 and 6 projected
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During the drill campaign in October 2024, the preliminary IP sections provided to the Company contained a "rotation" error. As a result, the sections were plotted in reverse, with chargeability and resistivity anomalies-particularly on Sections 1 and 2-incorrectly placed at the southern end of the profile instead of the northern end. This error resulted in the placement of DDU-05 directly on Line 2 and targeted southward to intersect the chargeability anomaly that was originally plotted in that location. However, the hole intersected unmineralized limestone. The lack of sulfide mineralization in this hole led to the discovery of the rotational error. Also, as can be seen in the images above, the best chargeability anomalies on sections 1 and 2 are located to the north and up-slope from the recently executed drill holes.
Dennis Moore commented further, "Historic drilling by Soviet teams in the early 1960s, followed by later drilling by a local Russian mining company, did encounter significant copper and gold mineralization at Urasar. However, the exact locations of the drill holes are unknown, and geochemical results are only partially available. That said, local sources involved in these programs have informed Hayasa management that the historic drill locations and mineralized zones are located to the north and upslope from the current drilling focus. The recent IP chargeability sections shown above in Figures 2, 3 and 4, and the fact that geochemical anomalies are often dispersed down slope, support this insight, Figure 5 below also shows the chargeability anomaly and potential porphyry mineralization occurring north of the drilling carried out in 2024. Drilling in this area will require reopening historic access roads and constructing new access tracks and drill pads form the 2025 drilling program, scheduled to start in late spring."
Figure 5. IP lines 1 & 2 showing color-scaled chargeability, overlain on ground magnetics
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Joel Sutherland, CEO of Hayasa, commented: "The drill results confirm we are in the right area, close to a significant discovery. With the recent NSR sale to Franco-Nevada and EMX, we are funded for the upcoming drill program in this June of this year. In the meantime, we should have hole 7 and 9 assays at Black River out to the market the last week of February, followed by hole 8 at Brickhouse and hole 4 at Oxide Basin in early March. Our 2025 program will focus on the area outlined in Figure 5."
Laboratory details and QA/QC
The diamond core was cut and samples prepared under Hayasa's supervision in Armenia with the splits sent to the ALS laboratory in Romania. The prepped samples were analyzed by 30g fire assay for gold (method Au-AA23) and 34 associated elements using multi-element ICP (Induced Coupled Plasma, method ME-ICP61). This batch from four holes represents 449 mostly two-meter sample intervals. In addition, a known standard, blank or duplicate was inserted every ten samples for QA/QC purposes.
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. 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/241353
FAQ
What were the gold grades reported in Hayasa Metals' (HAYAF) latest drill results at Urasar?
When will HAYAF release the next batch of drill results from Urasar?
What caused the drilling misplacement in HAYAF's 2024 Urasar program?
When will HAYAF begin its 2025 drilling program at Urasar?
