# Hayasa Metals Announces Initial Drill Results and Final IP Sections at Urasar Copper-Gold Project

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co--f9b1c013-201a-47ce-a750-cde1e74404c9

Original source: https://money.tmx.com/en/quote/HAY/news/8480183984813909/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co

Publisher: tmx

Original announcement: 2025-02-19T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Hayasa Metals Inc.

- Ticker: HAY

- Exchange: TSX

- Region: Armenia

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Drill results, Other

- Extracted: 2026-09-18 03:24:16 UTC

Narrative sentiment: -0.20 · Bearish

## Minestarters Atlas summary

Hayasa Metals has released initial geochemical results from four drill holes \(UDD-01, 02, 03, and 06\) at the Urasar Copper-Gold Project in Armenia, showing wide but low-grade gold mineralization. The company also corrected a previous IP survey error and identified new chargeability anomalies to the north, which will be the focus of the 2025 drilling program.

Reasoning: Initial drill results show wide but low-grade gold/copper mineralization. While grades are below expectations, the presence of sulfides and IP anomalies suggest a fertile system, and the company is well-funded for follow-up.

- Positive factor: Anomalous gold and copper throughout hole lengths

- Positive factor: Ubiquitous sulfide mineralization observed in core

- Positive factor: IP survey identifies chargeability anomalies to the north of current drilling

- Positive factor: Company is funded for upcoming program via NSR sale

- Negative factor: Grades are lower than management expected

- Negative factor: IP survey error led to a hole \(UDD-05\) hitting unmineralized limestone

- Negative factor: Historic drill locations are unknown

Facts used in scoring: 4

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: Release mentions insertion of standards, blanks, or duplicates every ten samples and use of ALS laboratory.

Evidence · text

> a known standard, blank or duplicate was inserted every ten samples for QA/QC purposes.

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: Management cites historic Soviet and Russian drilling in the vicinity as a driver for targeting northern areas.

Evidence · text

> Historic drilling by Soviet teams in the early 1960s... did encounter significant copper and gold mineralization at Urasar.

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Drill Results (4)

### UDD-06

[Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co--f9b1c013-201a-47ce-a750-cde1e74404c9#fact-drill-facts-0)

Urasar · gold

#### Identity

- Hole ID: UDD-06
- Project: Urasar
- Commodity: gold
- Region: armenia
- Reported Region: armenia
- Ticker: HAY

#### Geometry

- Grade: 0.03
- Grade Unit: ppm
- Intercept: 214 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-02-19T00:00:00.000Z

Reasoning: Wide but very low grade gold intercept.

- Positive factor: Wide intercept

- Negative factor: Low grade

Evidence · text

> Gold grades averaged 0.030 ppm Au over 214m in hole UDD-06

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### UDD-03

[Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co--f9b1c013-201a-47ce-a750-cde1e74404c9#fact-drill-facts-1)

Urasar · gold

#### Identity

- Hole ID: UDD-03
- Project: Urasar
- Commodity: gold
- Region: armenia
- Reported Region: armenia
- Ticker: HAY

#### Geometry

- Grade: 0.16
- Grade Unit: ppm
- Intercept: 275 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-02-19T00:00:00.000Z

Reasoning: Wide but low grade gold intercept.

- Positive factor: Relatively wide intercept

- Negative factor: Low grade

Evidence · text

> 0.16 ppm Au over275m in hole UDD-03

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### UDD-01

[Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co--f9b1c013-201a-47ce-a750-cde1e74404c9#fact-drill-facts-2)

Urasar · gold

#### Identity

- Hole ID: UDD-01
- Project: Urasar
- Commodity: gold
- Region: armenia
- Reported Region: armenia
- Ticker: HAY

#### Geometry

- Grade: 0.18
- Grade Unit: ppm
- Intercept: 145 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-02-19T00:00:00.000Z

Reasoning: Wide but low grade gold intercept.

- Positive factor: Decent width for grade

- Negative factor: Low grade

Evidence · text

> 0.18 ppm over 145m in UDD-01

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### UDD-02

[Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-announces-initial-drill-results-and-final-ip-sections-at-urasar-co--f9b1c013-201a-47ce-a750-cde1e74404c9#fact-drill-facts-3)

Urasar · gold

#### Identity

- Hole ID: UDD-02
- Project: Urasar
- Commodity: gold
- Region: armenia
- Reported Region: armenia
- Ticker: HAY

#### Geometry

- Grade: 0.12
- Grade Unit: ppm
- Intercept: 394 m

#### Classification

- Program: exploration
- Sample Type: drill
- Mining Method: unknown

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2025-02-19T00:00:00.000Z

Reasoning: Very wide but low grade gold intercept.

- Positive factor: Very wide intercept

- Negative factor: Low grade

Evidence · text

> 0.12 ppm Au over 394m in UDD-02

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.