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

Original announcement by tmx on

Company
Hayasa Metals Inc.
Ticker
HAY
Exchange
TSX
Region
northern Armenia
Primary commodity
Gold
Secondary commodities
Copper, Molybdenum
Document categories
Drill results
Extracted
2026-09-18 03:12:44 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Hayasa Metals has released the second batch of drill results from its Phase 2 program at the Urasar Project in Armenia. Highlights include gold and copper intercepts, as well as a significant 25-meter massive sulfide interval in hole UDD-017.

Reasoning: The results confirm mineralization in the Black River and Oxide Basin prospects with notable massive sulfide intercepts, though the scale is smaller than expected.

Positive factors

  • Presence of massive sulfide mineralization (25m)
  • Consistent sulfide mineralization across holes
  • Molybdenum values correlating with gold and copper

Negative factors

  • Mineralized zones not as extensive as initially anticipated

Facts used in scoring: 15

Classification and evidence

QA/QC Disclosedpositive

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

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

Evidence · text

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

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling is part of a Phase 2 program targeting specific anomalies like the AMT conductivity anomaly.

Evidence · text

“targeting an AMT conductivity anomaly northwest of Copper Creek”

Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

Drill Results (15)

UDD-017Urasar · goldGrade: 2.98Grade Unit: g/tIntercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
2.98
Grade Unit
g/t
Intercept
4.1 m
From
51.9 m
To
56 m
Intercept Depth
51.9 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-017:51.9-56

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Strong gold intercept in a Phase 2 program.

Positive factors

  • Solid gold grade over 4m

Evidence · text

“4.1m @ 2.98 g/t Au ... in UDD-017”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-017Urasar · copperGrade: 0.25Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.25
Grade Unit
%
Intercept
4.1 m
From
51.9 m
To
56 m
Intercept Depth
51.9 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-017:51.9-56

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Copper credit in the gold interval.

Evidence · text

“0.25% Cu from 51.9m to 56.0m in UDD-017”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-017Urasar · goldGrade: 0.22Grade Unit: g/tIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.22
Grade Unit
g/t
Intercept
9 m
From
118 m
To
127 m
Intercept Depth
118 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-017:118-127

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Lower grade gold interval.

Evidence · text

“9.0m @ 0.22 g/t Au ... in UDD-017”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-017Urasar · molybdenumGrade: 139Grade Unit: ppmIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
molybdenum
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
139
Grade Unit
ppm
Intercept
9 m
From
118 m
To
127 m
Intercept Depth
118 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-017:118-127

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Molybdenum byproduct in the gold interval.

Evidence · text

“139ppm Mo , from 118m to 127m also in UDD-017”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-020Urasar · copperGrade: 0.34Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
UDD-020
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.34
Grade Unit
%
Intercept
4 m
From
203 m
To
207 m
Intercept Depth
203 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-020:203-207

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Copper intercept.

Evidence · text

“4.0m @ 0.34% Cu ... hole UDD-020”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-020Urasar · goldGrade: 0.076Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
UDD-020
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.076
Grade Unit
g/t
Intercept
4 m
From
203 m
To
207 m
Intercept Depth
203 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-020:203-207

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Low grade gold associated with copper.

Evidence · text

“0.076 g/t Au from 203m to 207m hole UDD-020”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-015Urasar · copperGrade: 0.27Grade Unit: %Intercept: 8.1 mView all details
Link to this fact

Identity

Hole ID
UDD-015
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.27
Grade Unit
%
Intercept
8.1 m
From
82.4 m
To
90.5 m
Intercept Depth
82.4 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-015:82.4-90.5

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Copper intercept.

Evidence · text

“8.1m @ 0.27% Cu ... from 82,4 to 90.5m in UDD-015”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-015Urasar · goldGrade: 0.032Grade Unit: g/tIntercept: 8.1 mView all details
Link to this fact

Identity

Hole ID
UDD-015
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.032
Grade Unit
g/t
Intercept
8.1 m
From
82.4 m
To
90.5 m
Intercept Depth
82.4 m

Classification

Program
resource
Sample Type
drill
Group ID
UDD-015:82.4-90.5

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Low grade gold associated with copper.

Evidence · text

“0.032 g/t Au from 82,4 to 90.5m in UDD-015”

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

UDD-017Urasar · goldGrade: 2.98Grade Unit: g/tIntercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
2.98
Grade Unit
g/t
Intercept
4.1 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 2.98 g/t gold is strong against the default band [5, 2, 1, 0.3] g/t. Grade×width 12.2 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 2.98 g/t gold is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.98”

Context: UDD-017

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-017Urasar · copperGrade: 0.25Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.25
Grade Unit
%
Intercept
4.1 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 0.25 % copper is weak against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.0 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.25”

Context: UDD-017

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-017Urasar · molybdenumGrade: 139Grade Unit: ppmIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
UDD-017
Project
Urasar
Commodity
molybdenum
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
139
Grade Unit
ppm
Intercept
9 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table: 139 ppm molybdenum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for molybdenum; intercept not scored.

Evidence · table

“139”

Context: UDD-017

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-020Urasar · goldGrade: 0.076Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
UDD-020
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.076
Grade Unit
g/t
Intercept
4 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 0.076 g/t gold is below against the default band [5, 2, 1, 0.3] g/t. Grade×width 0.3 g/t·m is below.

Negative factors

  • 0.076 g/t gold is below the weak threshold (0.3 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.076”

Context: UDD-020

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-020Urasar · copperGrade: 0.34Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
UDD-020
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.34
Grade Unit
%
Intercept
4 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 0.34 % copper is weak against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 1.4 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.34”

Context: UDD-020

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-015Urasar · goldGrade: 0.032Grade Unit: g/tIntercept: 8.1 mView all details
Link to this fact

Identity

Hole ID
UDD-015
Project
Urasar
Commodity
gold
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.032
Grade Unit
g/t
Intercept
8.1 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 0.032 g/t gold is below against the default band [5, 2, 1, 0.3] g/t. Grade×width 0.3 g/t·m is below.

Negative factors

  • 0.032 g/t gold is below the weak threshold (0.3 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.032”

Context: UDD-015

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

UDD-015Urasar · copperGrade: 0.27Grade Unit: %Intercept: 8.1 mView all details
Link to this fact

Identity

Hole ID
UDD-015
Project
Urasar
Commodity
copper
Region
northern armenia
Reported Region
northern armenia
Ticker
HAY

Geometry

Grade
0.27
Grade Unit
%
Intercept
8.1 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

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
2025-11-12T00:00:00.000Z

Reasoning: Expanded from assay table. 0.27 % copper is weak against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 2.2 %·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.27”

Context: UDD-015

Tags used in scoring

QA/QC Disclosedpositive

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 Undisclosednegative

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.