Vancouver, British Columbia–(Newsfile Corp. – February 5, 2026) – Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) (“Hayasa” or the “Company”) is pleased to announce additional information on its prospect pipeline, 2026 drilling campaign at Urasar, QA/QC results and general corporate matters.
Prospect Pipeline
Hayasa Management has identified three new mineralized areas for potential project acquisition. Two of these areas exhibit anomalous gold-copper and gold-silver mineralization at surface within extensive alteration zones, located on or near known mineralized trends. The third area is an extension of an existing Hayasa exploration permit, containing historic drilling and surface workings. These three areas show significant potential to host economic mineralization, and the application processes are currently underway. The company will update the market in due course.
2026 Drilling Plan at Urasar
As announced in the Company’s news release on November 12, 2025, a late-season, 500-meter diamond drill hole (UDD-021) was collared in November in the Oxide Basin area, targeting a low resistivity AMT anomaly. Drilling encountered complications at 235m due to intensely faulted and broken ground, combined with the imminent onset of significant winter snowfall, leading to the abandonment of the hole before reaching its target depth. We expect the results of this partially completed hole to be released in the coming weeks.
An in-depth review of all collected technical data has identified several new drill targets and recommended re-drilling UDD-021 from a slightly altered collar location. Additional Audio Magneto Telluric (AMT) lines are being considered to further define these targets, as the previous 3-line trial survey indicated that low resistivity responses correlate with mineralized zones. Subject to favorable spring snowmelt and road conditions, two new drill holes are planned for May 2026 within the Priority 1 zone shown in Figure 1.
During the past two years the company has performed several geophysical surveys at Urasar including a 3-line IP survey in 2024, a 3-line AMT survey in 2025, a large surface ground mag survey, and extensive soil sampling. This data, along with the 20 drill holes completed to date, has defined several high priority target areas as shown in Figure 2 below. The 2026 Urasar drill plan, is expected in early Q2.
Figure 1: Urasar Map Identifying Priority Zone 1, 2 and 3
To view an enhanced version of this graphic, please visit:
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