Hayasa Metals Inc (HAYAF) Financial

Hayasa Metals, Inc. is an exploration stage company, which engages in the acquisition and exploration of mineral properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2008-09-24. The firm has an option to acquire approximately 100% of an Armenian corporation that holds the exploration license over the Vardenis copper-gold project in central Armenia. The firm also holds an exploration license relating to Urasar, a copper-gold property located in northern Armenia. The firm controls both the Urasar copper-gold project and the Vardenis copper-gold project. The Vardenis copper-gold project is located in the Central Tethyan Belt in east central Armenia, on a road-accessible property spanning 9,399 hectares. The Urasar project occurs in the Lesser Caucasus Mountains, within the NW-SE Seven-Amasi metallogenic/suture zone, comprising 33.8 square kilometers (km2). The firm is investigating other opportunities in Armenia and Georgia.