Northwire Canada EditionMonday, November 2, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Hayasa Metals Announces 2026 AMT Geophysical Results for Urasar Copper-Gold Project, Armenia

Hayasa uses geophysical data to refine Urasar targets ahead of its spring drilling campaign in Armenia.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 06:31 HAY · 0.065 Hayasa Metals Inc.
Executive Summary
  • Hayasa Metals released preliminary NSAMT (natural source audio magnetotelluric) survey results from a six-line, 53-station geophysical program at its Urasar copper-gold project in Armenia.
  • The survey identified low-resistivity anomalies at the Yellow River, Black River, and Brick House zones that correlate with previous geochemical and drilling data.
  • Management plans to integrate these results into a follow-up drill program of up to 1,000 meters, expected to commence before the end of June 2026.
  • Three new exploration permit applications are advancing, including the Amasia project (listwaenite-type antimony/metals system) and a southern property (high-sulfidation porphyry-style alteration), with awards expected by year-end 2026.
  • Political context remains favorable following the re-election of Prime Minister Nikol Pashinyan, with expectations for a US/Armenia critical minerals deal and EU development package over the next six months.
Material Impact
  • The release is an expected, incremental exploration update. Geophysical surveys are a standard precursor to drilling and do not constitute a discovery or financial milestone.
  • The data reinforces existing targets but does not materially change the risk/reward profile or valuation. It aligns with prior announcements regarding the Q2 2026 drilling plan.
  • No new financing, major discovery, or strategic partnership is announced. The market impact is expected to be minimal, serving primarily to maintain shareholder engagement ahead of the drill program.
HAY · Price
Company Overview
  • Hayasa Metals is an exploration-stage company focused on copper, gold, and molybdenum projects in Armenia.
  • Flagship Project: Urasar Copper-Gold Project (3,380 ha, 100% owned). The district spans ~15 km along a major crustal suture, featuring argillic to advanced argillic alteration and historic copper-gold occurrences. Recent drilling has intersected continuous copper-gold intervals and massive sulfide zones.
  • Secondary Project: Vardenis Copper-Gold Project (9,399 ha). Hosts a large porphyry system with exposed alteration over 35 km². Currently under an option/JV agreement with Teck Resources.
  • Stage: Greenfield exploration. No resources or reserves have been defined.
Read the original news release →

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