Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry Cu-Mo-Ag Deposit, Peru
Original announcement by tmx on
- Company
- Element 29 Resources Inc.
- Ticker
- ECU
- Exchange
- TSX
- Region
- Peru
- Primary commodity
- Copper
- Secondary commodities
- Molybdenum, Silver
- Document categories
- Drill results
- Extracted
- 2026-08-24 06:17:04 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Element 29 has reported significant step-out drill results from hole ELID041 at the Elida porphyry project in Peru. The hole intersected 903.7m at 0.38% CuEq, extending mineralization by over 400m beyond the current pit-constrained mineral resource estimate.
Reasoning: The drill hole ELID041 returned exceptionally long intercepts (903.7m) that extend mineralization more than 400m beyond the current pit-constrained resource, representing significant step-out success for a porphyry system.
Positive factors
- Step-Out Extension
- Long mineralized intercepts
- Expansion of mineralized footprint
Negative factors
- Apparent Width Only
Facts used in scoring: 9
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Mineralization extended more than 400 m beyond the current pit-constrained Mineral Resource Estimate.
Evidence · text
“Mineralization extended more than 400 m beyond the current pit-constrained Mineral Resource Estimate”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release includes details on QA/QC procedures, including blanks, standards, and duplicates, and names an independent certified lab (ALS).
Evidence · text
“The Company employs an independent, internal quality assurance/quality control program that includes insertion of duplicate, blank, and certified reference samples”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: Reported intercepts represent downhole lengths; true widths are not known at this time.
Evidence · text
“Reported intercepts represent downhole lengths; true widths are not known at this time.”
Extracted facts
Stored fact records: 9. Some facts used in scoring do not have a stored record.
Drill Results (9)
ELID041Elida · copperGrade: 0.31Grade Unit: %Intercept: 903.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.31
- Grade Unit
- %
- Intercept
- 903.7 m
- From
- 29.8 m
- To
- 933.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-933.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Significant copper intercept over a very long interval (903.7m) in a porphyry setting.
Positive factors
- Long intercept
Evidence · text
“903.7 m grading 0.38% CuEq (0.31% Cu, 0.02% Mo, and 2.22 g/t Ag), from 29.8 metres ("m") depth”
ELID041Elida · molybdenumGrade: 0.02Grade Unit: %Intercept: 903.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.02
- Grade Unit
- %
- Intercept
- 903.7 m
- From
- 29.8 m
- To
- 933.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-933.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Trace molybdenum grade reported as part of the polymetallic intercept.
Evidence · text
“0.31% Cu, 0.02% Mo, and 2.22 g/t Ag”
ELID041Elida · silverGrade: 2.22Grade Unit: g/tIntercept: 903.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 2.22
- Grade Unit
- g/t
- Intercept
- 903.7 m
- From
- 29.8 m
- To
- 933.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-933.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Silver grade reported as part of the polymetallic intercept.
Evidence · text
“0.31% Cu, 0.02% Mo, and 2.22 g/t Ag”
ELID041Elida · copperGrade: 0.33Grade Unit: %Intercept: 707.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.33
- Grade Unit
- %
- Intercept
- 707.7 m
- From
- 29.8 m
- To
- 737.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-737.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Strong copper intercept over a very wide interval (707.7m).
Positive factors
- Long intercept
Evidence · text
“707.7 m of 0.41% CuEq (0.33% Cu, 0.03% Mo, and 2.41 g/t Ag)”
ELID041Elida · molybdenumGrade: 0.03Grade Unit: %Intercept: 707.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.03
- Grade Unit
- %
- Intercept
- 707.7 m
- From
- 29.8 m
- To
- 737.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-737.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Trace molybdenum grade reported as part of the sub-interval.
Evidence · text
“0.33% Cu, 0.03% Mo, and 2.41 g/t Ag”
ELID041Elida · silverGrade: 2.41Grade Unit: g/tIntercept: 707.7 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 2.41
- Grade Unit
- g/t
- Intercept
- 707.7 m
- From
- 29.8 m
- To
- 737.5 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-737.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Silver grade reported as part of the sub-interval.
Evidence · text
“0.33% Cu, 0.03% Mo, and 2.41 g/t Ag”
ELID041Elida · copperGrade: 0.35Grade Unit: %Intercept: 495.2 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.35
- Grade Unit
- %
- Intercept
- 495.2 m
- From
- 29.8 m
- To
- 525 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-525.0
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: High-grade sub-interval (0.46% CuEq) over a very wide 495.2m width.
Positive factors
- Long intercept
Evidence · text
“495.2 m of 0.46% CuEq (0.35% Cu, 0.03% Mo, and 2.78 g/t Ag)”
ELID041Elida · molybdenumGrade: 0.03Grade Unit: %Intercept: 495.2 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.03
- Grade Unit
- %
- Intercept
- 495.2 m
- From
- 29.8 m
- To
- 525 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-525.0
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Trace molybdenum grade reported as part of the sub-interval.
Evidence · text
“0.35% Cu, 0.03% Mo, and 2.78 g/t Ag”
ELID041Elida · silverGrade: 2.78Grade Unit: g/tIntercept: 495.2 mView all detailsHide details
Identity
- Hole ID
- ELID041
- Project
- Elida
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 2.78
- Grade Unit
- g/t
- Intercept
- 495.2 m
- From
- 29.8 m
- To
- 525 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- ELID041:29.8-525.0
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Peru S.A.C.
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- duplicates, blanks, standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Silver grade reported as part of the sub-interval.
Evidence · text
“0.35% Cu, 0.03% Mo, and 2.78 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.