# Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73 Original source: https://money.tmx.com/en/quote/ECU/news/6117691876110865/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand- Publisher: tmx Original announcement: 2026-04-01T13:36:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Drill results - Extracted: 2026-08-24 06:17:04 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Step-Out Extension - Positive factor: Long mineralized intercepts - Positive factor: Expansion of mineralized footprint - Negative factor: Apparent Width Only Facts used in scoring: 9 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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) ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-0) Elida · copper #### 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 factor: 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-1) Elida · molybdenum #### 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-2) Elida · silver #### 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-3) Elida · copper #### 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 factor: Long intercept Evidence · text > 707.7 m of 0.41% CuEq \(0.33% Cu, 0.03% Mo, and 2.41 g/t Ag\) ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-4) Elida · molybdenum #### 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-5) Elida · silver #### 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-6) Elida · copper #### 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 factor: Long intercept Evidence · text > 495.2 m of 0.46% CuEq \(0.35% Cu, 0.03% Mo, and 2.78 g/t Ag\) ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-7) Elida · molybdenum #### 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 ### ELID041 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--fa1912ad-4429-4cac-abfd-3796cb9b5f73#fact-drill-facts-8) Elida · silver #### 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.