# Element 29 Continues Potential Resource Expansion Drilling at Its Elida Porphyry Cu-Mo-Ag Deposit in Per&\#xFA; Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e Original source: https://money.tmx.com/en/quote/ECU/news/8024376882437560/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry Publisher: tmx Original announcement: 2025-09-03T13:35:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Perú - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Drill results, Resource update - Extracted: 2026-08-21 07:12:35 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Element 29 has commenced a 7,000m diamond drilling program at its Elida porphyry Cu-Mo-Ag deposit in Perú to expand the existing inferred resource. The campaign targets both infill drilling for confidence and exploration drilling to test high-priority targets identified by MT geophysics. Reasoning: The announcement details a new drilling program aimed at expanding an existing porphyry resource, leveraging high-grade historical intercepts and geophysical anomalies. - Positive factor: resource expansion potential - Positive factor: high-grade core potential at depth - Positive factor: continuity of mineralization - Negative factor: uncertainty of tonnage/grade increase Facts used in scoring: 15 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program includes infill drilling to strengthen confidence in the existing Mineral Resource. Evidence · text > while infill drilling to strengthen confidence in the existing Mineral Resource **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with Form 43-101F1 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Marc Jutras, PEng MASc, is named as the Qualified Person for the resource estimate. Evidence · text > prepared in accordance with Form 43-101F1 by Marc Jutras, PEng MASc, Principal, Mineral Resources, Ginto Consulting Inc., a Qualified Person ## Extracted facts Stored fact records: 15. Some facts used in scoring do not have a stored record. ## Drill Results (15) ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-0) Elida · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: copper - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.39 - Grade Unit: % - Intercept: 1039.6 m - From: 69.9 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:69.9-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical intercept reported as context for current drilling; long interval of mineralization. - Positive factor: long intercept Evidence · text > ELID033... previously intersected 1,039.6m of 0.54% CuEq \(0.39% Cu, 0.036% Mo, 2.96 g/t Ag\) ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-1) Elida · molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: molybdenum - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.036 - Grade Unit: % - Intercept: 1039.6 m - From: 69.9 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:69.9-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 0.036% Mo ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-2) Elida · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: silver - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 2.96 - Grade Unit: g/t - Intercept: 1039.6 m - From: 69.9 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:69.9-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 2.96 g/t Ag ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-3) Elida · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: copper - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.56 - Grade Unit: % - Intercept: 310.1 m - From: 799.5 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:799.5-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: High-grade sub-interval within a historical hole. - Positive factor: high-grade sub-interval Evidence · text > 310.1 m of 0.71% CuEq \(0.56% Cu, 0.040% Mo, 3.49 g/t Ag\) from 799.5 m to the end of hole ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-4) Elida · molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: molybdenum - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.04 - Grade Unit: % - Intercept: 310.1 m - From: 799.5 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:799.5-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 0.040% Mo ### ELID033 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-5) Elida · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID033 - Project: Elida - Commodity: silver - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 3.49 - Grade Unit: g/t - Intercept: 310.1 m - From: 799.5 m - To: 1109.6 m #### Classification - Sample Type: drill - Group ID: ELID033:799.5-1109.6 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-01-22T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 3.49 g/t Ag ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-6) Elida · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: copper - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.24 - Grade Unit: % - Intercept: 523.5 m - From: 87 m - To: 610.5 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-610.5 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical intercept reported for context. - Positive factor: long intercept Evidence · text > ELID023 intersecting 523.5 m of 0.35% CuEq \(0.24% Cu, 0.024% Mo, 2.9 g/t Ag\) ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-7) Elida · molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: molybdenum - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.024 - Grade Unit: % - Intercept: 523.5 m - From: 87 m - To: 610.5 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-610.5 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 0.024% Mo ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-8) Elida · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: silver - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 2.9 - Grade Unit: g/t - Intercept: 523.5 m - From: 87 m - To: 610.5 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-610.5 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 2.9 g/t Ag ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-9) Elida · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: copper - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.41 - Grade Unit: % - Intercept: 91 m - From: 87 m - To: 178 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-178.0 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical high-grade sub-interval. - Positive factor: high-grade sub-interval Evidence · text > including 91 m of 0.56% CuEq \(0.41% Cu, 0.032% Mo, 4.1 g/t Ag\) from bedrock surface at 87 m ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-10) Elida · molybdenum Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: molybdenum - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 0.032 - Grade Unit: % - Intercept: 91 m - From: 87 m - To: 178 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-178.0 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 0.032% Mo ### ELID023 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-11) Elida · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: ELID023 - Project: Elida - Commodity: silver - Region: perú - Reported Region: Perú - Ticker: ECU #### Geometry - Grade: 4.1 - Grade Unit: g/t - Intercept: 91 m - From: 87 m - To: 178 m #### Classification - Sample Type: drill - Group ID: ELID023:87.0-178.0 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-19T00:00:00.000Z #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Historical byproduct grade. Evidence · text > 4.1 g/t Ag ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-12) copper #### Identity - Commodity: copper - Ticker: ECU #### Geometry - Grade: 0.32 - Grade Unit: % #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Existing inferred resource being targeted for expansion. - Positive factor: large tonnage Evidence · text > outlined 321.7 million tonnes of 0.32% Cu, 0.029% Mo and 2.61 g/t Ag at a 0.2% Cu cut-off grade ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-13) molybdenum #### Identity - Commodity: molybdenum - Ticker: ECU #### Geometry - Grade: 0.029 - Grade Unit: % #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Existing inferred resource byproduct. Evidence · text > 0.029% Mo ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--53352dbb-0eab-4125-afb4-e30c7918eb3e#fact-drill-facts-14) silver #### Identity - Commodity: silver - Ticker: ECU #### Geometry - Grade: 2.61 - Grade Unit: g/t #### Compositing - Cutoff Grade: 0.2 - Cutoff Unit: % #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-09-03T00:00:00.000Z Reasoning: Existing inferred resource byproduct. Evidence · text > 2.61 g/t Ag ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.