# Hayasa Metals Provides Update on Vardenis and Urasar Projects Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/hayasa-metals-provides-update-on-vardenis-and-urasar-projects--beb26f02-acd0-48b0-8126-8fe6525ea412 Original source: https://money.tmx.com/en/quote/HAY/news/7570753102766826/hayasa-metals-provides-update-on-vardenis-and-urasar-projects Publisher: tmx Original announcement: 2026-05-11T10:30:00.000Z 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, Molybdenum, Antimony - Document categories: Drill results, Other - Extracted: 2026-09-18 02:45:32 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary Hayasa Metals has released results from its 2025 diamond drill program at the Vardenis Copper-Gold Project in Armenia. While the drilling confirmed a large porphyry system with gold, copper, and molybdenum anomalies, it did not intersect significant widths of economic mineralization. Reasoning: The 2025 drill program at Vardenis confirmed the presence of a large porphyry system but failed to hit significant economic intercepts, though it provided important vectoring information. - Positive factor: Confirmation of large porphyry system footprint - Positive factor: Presence of molybdenum and copper anomalies - Positive factor: Strong gold mineralization in some intervals - Negative factor: Failure to intersect significant widths of economic mineralization - Negative factor: Most copper results were in the low ppm range Facts used in scoring: 3 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Vardenis project is located 25 km from the Amulsar gold deposit. Evidence · text > Situated 25 km from the 4.8-million-ounce Amulsar gold deposit **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 SGS Laboratory and the use of standards, blanks, and duplicates. Evidence · text > The geochemical analysis and assays were carried out by SGS Laboratory in Ankara, Turkey... excluding standards, blanks and duplicates. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The document reports significant intervals but does not provide true widths for the anomalous intercepts mentioned in the text. Evidence · text > significant intervals of economic mineralization were not interesected. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### VDD-005 [Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-provides-update-on-vardenis-and-urasar-projects--beb26f02-acd0-48b0-8126-8fe6525ea412#fact-drill-facts-0) Vardenis · copper #### Identity - Hole ID: VDD-005 - Project: Vardenis - Commodity: copper - Region: armenia - Reported Region: armenia - Ticker: HAY #### Geometry - Grade: 0.1 - Grade Unit: % #### Classification - Sample Type: drill #### 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: 2026-05-11T00:00:00.000Z Reasoning: One of seven samples returning >0.1% Cu. - Positive factor: Above 0.1% Cu threshold Evidence · text > seven samples returning values greater than 0.1% Cu from hole VDD-005 #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Situated 25 km from the 4.8-million-ounce Amulsar gold deposit, Vardenis lies within the same prospective belt of Tertia" ### VDD-004 [Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-provides-update-on-vardenis-and-urasar-projects--beb26f02-acd0-48b0-8126-8fe6525ea412#fact-drill-facts-1) Vardenis · copper #### Identity - Hole ID: VDD-004 - Project: Vardenis - Commodity: copper - Region: armenia - Reported Region: armenia - Ticker: HAY #### Geometry - Grade: 0.1 - Grade Unit: % #### Classification - Sample Type: drill #### 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: 2026-05-11T00:00:00.000Z Reasoning: One sample from VDD-004 returned >0.1% Cu. - Positive factor: Above 0.1% Cu threshold Evidence · text > as well as one sample from VDD-004. #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Situated 25 km from the 4.8-million-ounce Amulsar gold deposit, Vardenis lies within the same prospective belt of Tertia" ### VDD-010 [Link to this fact](https://atlas-extractions.minestarters.com/news/hayasa-metals-provides-update-on-vardenis-and-urasar-projects--beb26f02-acd0-48b0-8126-8fe6525ea412#fact-drill-facts-2) Vardenis · molybdenum #### Identity - Hole ID: VDD-010 - Project: Vardenis - Commodity: molybdenum - Region: armenia - Reported Region: armenia - Ticker: HAY #### Geometry - Grade: 1000 - Grade Unit: ppm #### Classification - Sample Type: drill #### 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: 2026-05-11T00:00:00.000Z Reasoning: High molybdenum sample detected. - Positive factor: High molybdenum anomaly Evidence · text > Two samples returned greater than 1000 ppm molydenum from holes VDD-06 and VDD-010 #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Situated 25 km from the 4.8-million-ounce Amulsar gold deposit, Vardenis lies within the same prospective belt of Tertia" ## 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.