Hayasa Metals Announces 39m @ 0.50% Cu from Late Season Drill Hole at Urasar; Prospects Update

The most recent news (April 2, 2026) reports the final results from the late-season 2025 drill hole UDD-021 at the Urasar project. The hole intersected 39m @ 0.50% Cu and 0.19 g/t Au from shallow depths (11-50m). This is a significant development as it represents the first "continuously mineralized" interval the company has drilled at Urasar, validating the subsurface potential of surface anomalies. Additionally, the company is aggressively expanding its footprint in Armenia, having received approval for one new polymetallic license and applying for two others ("Hovo’s Reward" and "Mount Stephanie") covering large copper-gold surface anomalies.

The impact is Material - Positive. - Technical Validation: Previous drilling in 2024 was "sub-economic" because the company was drilling into the footwall. The 2025 program, specifically hole UDD-021, proves that the revised structural model is correct. A 39m intercept of 0.50% Cu is a respectable "discovery" grade for a junior explorer, providing a clear target for the upcoming Q2 2026 drill program. - Strategic Growth: The move to acquire three new projects suggests Hayasa is leveraging its "first-mover" status in Armenia to lock up the most prospective ground before competitors arrive. - Geophysical Correlation: The mineralization correlates with AMT (Audio-Magnetotelluric) anomalies, which increases the reliability of the expanded AMT survey planned for April 2026 to pick future drill spots.

Hayasa Metals is an explorer focused on Armenia’s Tethyan Belt. - Flagship Project: Urasar (100% owned). A 15km mineralized corridor with copper-gold-molybdenum potential. - Secondary Project: Vardenis. A large porphyry target under option to Teck Resources. - Strategy: Using modern geophysics (AMT/IP) to revisit historic Soviet-era prospects that were never properly tested with diamond drilling.