Element 29 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 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 04:46:08 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Element 29 has reported significant drill results at the Elida Porphyry project in Peru, highlighted by a 1,534.6 m intercept in hole ELID035 grading 0.58% CuEq. This intercept extends mineralization well beyond the current Mineral Resource Estimate limits and demonstrates continuity at depth.
Reasoning: The release reports a massive 1,534.6 m intercept in ELID035, extending mineralization significantly beyond the current MRE limits, with grades exceeding project averages.
Positive factors
- Step-Out Extension
- Long continuous intercept
- Grade continuity at depth
Negative factors
- True width not disclosed
Facts used in scoring: 7
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: ELID035 extends mineralization beyond the limits of the current Mineral Resource Estimate.
Evidence · text
“beyond the limits of the current 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 details the use of ALS Peru, independent laboratory, and insertion of duplicates, blanks, and standards.
Evidence · text
“The Company is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data reported.”
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: 7. Some facts used in scoring do not have a stored record.
Drill Results (7)
ELID035Elida · copperGrade: 0.34Grade Unit: %Intercept: 1534.6 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.34
- Grade Unit
- %
- Intercept
- 1534.6 m
- From
- 56.6 m
- To
- 1591.2 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:56.6-1591.2
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: 1,534.6 m intercept is the longest drilled to date at the project, extending beyond the MRE.
Positive factors
- Long intercept
Evidence · text
“ELID035 intersected 1,534.6 metres ("m") grading 0.58% CuEq 2 (0.34% Cu, 0.064% Mo, and 2.56 g/t Ag)”
ELID035Elida · molybdenumGrade: 0.064Grade Unit: %Intercept: 1534.6 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.064
- Grade Unit
- %
- Intercept
- 1534.6 m
- From
- 56.6 m
- To
- 1591.2 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:56.6-1591.2
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Part of a massive continuous intercept.
Evidence · text
“0.064% Mo”
ELID035Elida · silverGrade: 2.56Grade Unit: g/tIntercept: 1534.6 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 2.56
- Grade Unit
- g/t
- Intercept
- 1534.6 m
- From
- 56.6 m
- To
- 1591.2 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:56.6-1591.2
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Part of a massive continuous intercept.
Evidence · text
“2.56 g/t Ag”
ELID035Elida · copperGrade: 0.5Grade Unit: %Intercept: 87.5 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.5
- Grade Unit
- %
- Intercept
- 87.5 m
- From
- 244 m
- To
- 331.5 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:244.0-331.5
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: High grade sub-interval within the main intercept.
Evidence · text
“87.5 m grading 0.67% CuEq 2 (0.50% Cu, 0.050% Mo, and 5.13 g/t Ag)”
ELID035Elida · molybdenumGrade: 0.05Grade Unit: %Intercept: 87.5 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.05
- Grade Unit
- %
- Intercept
- 87.5 m
- From
- 244 m
- To
- 331.5 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:244.0-331.5
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Sub-interval component.
Evidence · text
“0.050% Mo”
ELID035Elida · silverGrade: 5.13Grade Unit: g/tIntercept: 87.5 mView all detailsHide details
Identity
- Hole ID
- ELID035
- Project
- Elida
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 5.13
- Grade Unit
- g/t
- Intercept
- 87.5 m
- From
- 244 m
- To
- 331.5 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- Group ID
- ELID035:244.0-331.5
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Sub-interval component.
Evidence · text
“5.13 g/t Ag”
ELID042Elida · copperGrade: 0.28Grade Unit: %Intercept: 805.8 mView all detailsHide details
Identity
- Hole ID
- ELID042
- Project
- Elida
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- ECU
Geometry
- Grade
- 0.28
- Grade Unit
- %
- Intercept
- 805.8 m
- From
- 123.7 m
- To
- 929.5 m
Classification
- Deposit Type
- porphyry
- Sample Type
- drill
- 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
- blanks, standards, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-07-23T00:00:00.000Z
Reasoning: Extends mineralization 500m beyond current pit shell.
Positive factors
- Step-Out Extension
Evidence · text
“ELID042 ... returned 805.8 m grading 0.36% CuEq 2 (0.28% Cu, 0.023% Mo, and 3.68 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.