Latest news with #DennisMoore
NBC Sports
a day ago
- Business
- NBC Sports
Cleveland Mayor Justin Bibb isn't happy about the Browns' relocation to Brook Park
The Cleveland Browns got what they wanted from Ohio, in the form of $600 million in taxpayer money and a change to the law that would have otherwise kept them from leaving downtown Cleveland for suburban Brook Park. And while the Browns are very happy about the outcome, Cleveland is not. 'We are deeply disappointed that the final state budget includes both a $600 million public subsidy for a domed stadium in Brook Park and changes to Ohio's [Art] Modell Law — provisions we strongly opposed and requested be removed,' Cleveland Mayor Justin Bibb said Tuesday, via 'Relocating the Browns will divert economic activity from downtown, create a competing entertainment district, and disrupt the momentum of our lakefront redevelopment.' The change to the Art Modell Law allows Ohio teams to move within Ohio. Given that the Ohio legislature created the initial law after the Browns moved to Baltimore in 1996, it seems that there's little room for Cleveland to fight the legislature's decision to change the law. The planned use of unclaimed funds to pay the $600 million to the Browns may become a bigger impediment to the plan. A 2009 decision of the Ohio Supreme Court could provide the basis of a challenge to the plan to tap into the money for the purposes of funding the new stadium. Put simply, 'unclaimed funds' are not abandoned. They remain the property of those who have not claimed them. The argument would be that those funds cannot be redistributed by the state for the purposes of building a new football stadium. And so, even as the Browns declare victory and rush forward to make plans for selling season tickets to their new stadium, there's a chance that Ohio will have to scrap the plan to pay the $600 million via unclaimed funds and come up with an alternative approach. The one approach that will never happen is to put the issue to the voters. When the voters have a chance to say whether their money will be used to subsidize the multibillionaire owners of sports teams, the response is usually, 'Hell no.' As it arguably should be. With the values of NFL teams skyrocketing, why shouldn't NFL teams pay for their own stadiums? The habit of using public funds for such projects feels less like good governance and more like the misadventures of Dennis Moore.
Yahoo
11-03-2025
- Business
- Yahoo
Hayasa Metals Announces Urasar Final Drill Results
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") has received the remaining geochemical results for drill holes UDD-04, 05, 07, 08 and 09, from the Oxide Basin, Black River and Brick House prospects. Similar to the previously announced results from holes UDD-01, 02, 03 and 06, these final five holes contain low-level gold mineralization throughout, particularly hole UDD-04 at Oxide Basin, which also returned the highest average copper geochemistry of any of the holes to date. Holes UDD-04, 05, 08 and 09 returned only one sample below the detection limit for gold between them. Hole UDD-08 drilled at the Brick House prospect returned 11m of 0.28% Zn, including two samples over 0.5% Zn. These results demonstrate that we are in a large mineralized system that has a strike extent of approximately 15 kms. Management believes that Urasar is a structurally complex mineral system with several separate centers of mineralization. The 2025 drill campaign at Urasar is fully funded by the sale of a US$1,000,000 NSR royalty to Franco-Nevada Corporation and EMX Royalty Corporation (see news release dated January 22, 2025). The Company's 2025 plan is to explore and drill areas to the north of the 2024 drill program based on reinterpreted IP data, the magnetic survey, and the 2024 drill program assays. There are several historic Soviet drill roads that will be rehabilitated as our focus moves to higher elevation. Dennis Moore, President and Qualified Person of Hayasa discusses the approach that will be taken to drill location targeting for the Urasar 2025 drill program, below. Figure 1a: Area of interest north of 2024 drill campaign: IP lines 1 and 2 showing color-scaled chargeability. To view an enhanced version of this graphic, please visit: 1b: 2024 Drill hole locations with IP lines overlain on ground mag To view an enhanced version of this graphic, please visit: Figure 2: Planned roadwork (blue) for 2025 with historic drill tracks (yellow) To view an enhanced version of this graphic, please visit: Selected statistics of the entire 2024 drill program are summarized in the following table: To view an enhanced version of this graphic, please visit: Dennis Moore, President and Qualified Person of Hayasa, commented "While these results demonstrate that we are in a large fertile system, they are obviously not what the company expected given the anomalous surface geochemistry and intense alteration observed at surface. However, we are unwavering in our belief that Urasar hosts one or more economic ore bodies and our 2025 campaign, funded by the sale of a US$1,000,000 NSR royalty to Franco-Nevada and EMX has a much higher probability of success given what we have learned from recent exploration efforts. What we see to date, both in the data and on the ground, indicate the focus of mineralization is further north and upslope of the recent campaign. As discussed in a previous news release (dated February 19, 2025), historic drilling by a Russian company was conducted several hundred meters north of the recent drill sites on the western end of the license, and south of Black River on the eastern end of the license. There are numerous historical drill tracks in these zones as shown in Figure 2. In addition, the drill results from hole UDD-04 at Oxide Basin support more detailed investigation in that area particularly as the upper portions of the prospect display characteristics of a leached cap. The corrected IP sections shown in Figure 3 also support this interpretation." IP Survey A trial IP survey comprising two lines over the western part of the license (Yellow River zone), and one line over the eastern part of the license (Black River zone) carried out by Terratec Geophysical Services GmbH & Co. was executed just prior to the drill campaign. The results of the survey were not available until after the drill program had been completed. The IP chargeability sections for lines 1 and 2 shown in Figure 3 indicate anomalous chargeability at approximately 300m north of our 2024 locations at Copper Creek and Golden Vein. Figure 3. Chargeability Sections for IP lines 1 and 2 To view an enhanced version of this graphic, please visit: Joel Sutherland, CEO of Hayasa, commented: "The targeting parameters for the 2024 drill campaign were based on soil geochemistry, the existence of historic Soviet exploration adits, the existing road network, and the ground magnetic survey. Following our recent drilling campaign and re-interpretation of geophysical surveys, we now believe the focus of mineralization is likely to occur at higher elevations to the north. Our 2025 planned 2,000 meter campaign at Urasar will kick off in June 2025. "The maiden drill program at Urasar provides extremely valuable information for location targeting in the 2025 drilling campaign. It is a rare event to intersect economic mineralization in the first drill campaign. The map in Figure 3 shows one of the main areas of interest for our 2025 program. Our objective is to have roadwork completed in early June and to communicate further details regarding the program shortly thereafter." Laboratory details and QA/QC The diamond core was cut and samples prepared under Hayasa's supervision in Armenia with the splits sent to the ALS laboratory in Romania. The prepped samples were analyzed by 30g fire assay for gold (method Au-AA23) and 34 associated elements using multi-element ICP (Induced Coupled Plasma, method ME-ICP61). This batch from the final five holes represents 361 mostly two-meter sample intervals. In addition, a known standard, blank or duplicate was inserted every ten samples for QA/QC purposes. Qualified Person The content of this news release was reviewed by Dennis Moore, Hayasa's President and Chairman, a qualified person as defined by National Instrument 43-101. On behalf of the Board of Directors, Joel SutherlandCEOHayasa Metals Inc. For further information, contact:joel@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding future exploration programs. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Hayasa Metals Announces Initial Drill Results and Final IP Sections at Urasar Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce that it has received the geochemical results for drill holes UDD-01, 02, 03 and 06, from the Copper Creek and Golden Vein prospects as well as the final high resolution induced polarization (HRIP) sections from a trial IP survey executed in October 2024. Figure 1: Drill hole locations and IP lines overlain on ground mag image To view an enhanced version of this graphic, please visit: Dennis Moore, President and Qualified Person of Hayasa, commented, "While these results are not as robust as we were expecting, there is anomalous gold and copper throughout the lengths of these four holes. Only 5% of the geochemical results reported below the detection limit for gold in holes UDD-1, UDD-3 and UDD-6, and only 12% in the much longer hole UDD-2. These drill results, anomalous surface geochemistry and ubiquitous amounts of sulfide mineralization related to brecciation observed in the core, demonstrate that we are indeed within a fertile mineralizing system. Gold grades averaged 0.030 ppm Au over 214m in hole UDD-06, 0.16 ppm Au over275m in hole UDD-03, 0.18 ppm over 145m in UDD-01, and 0.12 ppm Au over 394m in UDD-02." IP Survey A trial IP survey carried out by Terratec Geophysical Services GmbH & Co. was executed just prior to the drilling campaign comprising two lines over the western part of the license (Yellow River zone), and one line over the Black River zone in the eastern part of the license. See below. Figure 2. Resistivity and Chargeability Sections for IP lines 1, 2 and 3To view an enhanced version of this graphic, please visit: Figure 3. Line 2, IP Chargeability Section, Copper Creek Drill Holes 1, 2, and 5 plotted To view an enhanced version of this graphic, please visit: Figure 4. Line 2, IP Chargeability Section with Drill holes 3 and 6 projected To view an enhanced version of this graphic, please visit: During the drill campaign in October 2024, the preliminary IP sections provided to the Company contained a "rotation" error. As a result, the sections were plotted in reverse, with chargeability and resistivity anomalies-particularly on Sections 1 and 2-incorrectly placed at the southern end of the profile instead of the northern end. This error resulted in the placement of DDU-05 directly on Line 2 and targeted southward to intersect the chargeability anomaly that was originally plotted in that location. However, the hole intersected unmineralized limestone. The lack of sulfide mineralization in this hole led to the discovery of the rotational error. Also, as can be seen in the images above, the best chargeability anomalies on sections 1 and 2 are located to the north and up-slope from the recently executed drill holes. Dennis Moore commented further, "Historic drilling by Soviet teams in the early 1960s, followed by later drilling by a local Russian mining company, did encounter significant copper and gold mineralization at Urasar. However, the exact locations of the drill holes are unknown, and geochemical results are only partially available. That said, local sources involved in these programs have informed Hayasa management that the historic drill locations and mineralized zones are located to the north and upslope from the current drilling focus. The recent IP chargeability sections shown above in Figures 2, 3 and 4, and the fact that geochemical anomalies are often dispersed down slope, support this insight, Figure 5 below also shows the chargeability anomaly and potential porphyry mineralization occurring north of the drilling carried out in 2024. Drilling in this area will require reopening historic access roads and constructing new access tracks and drill pads form the 2025 drilling program, scheduled to start in late spring." Figure 5. IP lines 1 & 2 showing color-scaled chargeability, overlain on ground magnetics To view an enhanced version of this graphic, please visit: Joel Sutherland, CEO of Hayasa, commented: "The drill results confirm we are in the right area, close to a significant discovery. With the recent NSR sale to Franco-Nevada and EMX, we are funded for the upcoming drill program in this June of this year. In the meantime, we should have hole 7 and 9 assays at Black River out to the market the last week of February, followed by hole 8 at Brickhouse and hole 4 at Oxide Basin in early March. Our 2025 program will focus on the area outlined in Figure 5." Laboratory details and QA/QC The diamond core was cut and samples prepared under Hayasa's supervision in Armenia with the splits sent to the ALS laboratory in Romania. The prepped samples were analyzed by 30g fire assay for gold (method Au-AA23) and 34 associated elements using multi-element ICP (Induced Coupled Plasma, method ME-ICP61). This batch from four holes represents 449 mostly two-meter sample intervals. In addition, a known standard, blank or duplicate was inserted every ten samples for QA/QC purposes. Qualified Person The content of this news release was reviewed by Dennis Moore, Hayasa's President and Chairman, a qualified person as defined by National Instrument 43-101. On behalf of the Board of Directors, Joel SutherlandCEOHayasa Metals Inc. For further information, contact:joel@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding future exploration programs. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
07-02-2025
- Business
- Yahoo
Hayasa Metals Announces Magnetic Survey Results over Vardenis Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2025) - Hayasa Metals Inc. (TSXV: HAY) (OTCQB: HAYAF) ("Hayasa" or the "Company") is pleased to announce that it has received the processed results from a 130 line-km ground magnetometer survey conducted over the Vardenis Copper-Gold Project during two field seasons: AUG-SEP 2023, and AUG-OCT 2024. The survey was executed by Hayasa Metals personnel and processed by Campbell and Walker Geophysics of Edinburgh, Scotland. The survey was carried out to complement other geophysical and geochemical surveys, with the goal of guiding drill targeting for the upcoming calendar 2025 Vardenis drill campaign. For more information, please follow this link to view the summary report on the recent survey and various presentations of magnetic data: Fig. 1: Vardenis property map highlighting ground mag work zone, with IP lines overlaid To view an enhanced version of this graphic, please visit: Fig. 2: Filtered and reduced-to-pole ground magnetic image over surveyed area at Vardenis To view an enhanced version of this graphic, please visit: Background Vardenis is one of Hayasa's two highly prospective projects in the Central Tethyan Mineral Belt in Armenia. It is a large mineralized copper-molybdenum-gold system located 20km along strike from the 4.8M oz Amulsar gold mine, scheduled to begin 200,000 oz/annum production in late 2025. Historic work carried out at the Vardenis property comprises early Soviet-era trenching and pits from the 1960s followed by Dundee Precious Metals Inc. (DPM) from 2015 to 2018 which identified six zones of porphyry-epithermal mineralization and alteration over a 35 km² area. DPM spent approximately US$2.4M during this period resulting in a comprehensive data set comprising over 6,000 geochemical data points as well as 1,246m of shallow drilling focused on gold mineralization. This data set was purchased by the Company in mid-2023. Following up on the Company's encouraging initial two-hole drill campaign in late 2023, a follow-up exploration campaign designed to better define drill targets was executed during the 2024 field season. This included a 23-line km high resolution IP (Induced Polarization) survey, a 130 line-km ground magnetic survey, along with additional mapping and trenching of areas displaying surface molybdenum mineralization (see news release dated January 13, 2025). The processed ground magnetometer survey results were recently received and are discussed below. President, Chairman, and Hayasa's QP, Dennis Moore comments: "We are pleased with the results of the recent ground magnetometer survey, which generally reflect the geology as mapped. The chargeability anomalies identified in the recent IP survey are displayed as thick red lines projected to surface in Fig. 1 above. These chargeable zones coincide with low magnetic response areas, likely due to magnetite destruction by mineralizing fluids." Fig. 3. Ground magnetics overlain on geology with IP lines, showing molybdenum soil geochemistry To view an enhanced version of this graphic, please visit: Moore further explains, "As illustrated in Figure 3 above, a north-south trending magnetic high in the central-eastern part of the survey area corresponds to a recent basaltic lava flow that cuts through the center of the project area. This relatively thin flow overlays older intermediate volcanic units, which are the primary target host rocks. It is reasonable to assume that the target host rocks lie just beneath this flow, significantly expanding the potential target area toward the southeast. Additionally, a notable correlation exists between the molybdenum soil geochemistry and the lower magnetic response zones to the west and southeast of the basalt flow." CEO Joel Sutherland states: "The magnetic imagery, taken together with the IP survey, historic geochemical data, surface mapping, and limited drilling to date, provides a materially clearer image of the underlying geology and prospective mineralized zones. Hayasa plans to diamond drill a minimum of 3,000m at Vardenis in the upcoming 2025 field season. We also plan to drill an additional 2,000m at Urasar this year." Debt settlement update Further to its press release dated October 1, 2024, the Company wishes to inform shareholders that it has issued 2,097,760 shares as part of its previously announced debt settlement to the parties identified in the October 1 press release. The majority of the cash portion of the debt settlement has been paid, with the final amount owing of $109,000 deferred, as noted in the October 1 press release. The Company has agreed to settle this amount after it completes its next financing. The debt settlement constituted a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101) as it involved non-arm's length parties to the Company. The debt settlement is exempt from the formal valuation requirements and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) as the value of the common shares issued in the Debt Settlements do not exceed 25% of the Company's market capitalization. Qualified Person The content of this news release was reviewed by Dennis Moore, Hayasa's President and Chairman, a qualified person as defined by National Instrument 43-101. On behalf of the Board of Directors, Joel SutherlandCEOHayasa Metals Inc. For further information, contact:joel@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains forward-looking statements. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements including, without limitation, statements regarding future exploration programs at Vardenis. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by Canadian securities law. To view the source version of this press release, please visit Sign in to access your portfolio
