Element 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2

Original announcement by tmx on Jan 26, 2026

Bullish

Company: Element 29 Resources Inc.
Ticker: ECU
Exchange: TSX
Region: central Perú
Primary commodity: Copper
Secondary commodities: Molybdenum, Silver
Document categories: Drill results
Extracted: 2026-08-24 07:21:03 UTC

Minestarters Atlas analysis

Summary

Element 29 has reported its longest and highest-grade intercept to date at the Elida project, with hole ELID037 returning 1,489 m of 0.58% CuEq. This intercept extends mineralization well beyond the existing pit-constrained resource and correlates with a large geophysical anomaly, suggesting a potential high-grade copper core at depth.

Reasoning: The announcement reports a record-breaking 1,489 m intercept of 0.58% CuEq, which significantly exceeds the project's prior best grade and length, while also demonstrating step-out potential beyond the current resource footprint.

Positive factors

longest and highest-grade intercept to date
extends mineralization well beyond existing pit shell
correlates with geophysical anomaly
increasing grades at depth

Negative factors

true widths unknown

Facts used in scoring: 7

Extracted facts

Stored fact records: 7. Some facts used in scoring do not have a stored record.

Drill Results (7)

ELID037Elida · copperGrade: 0.44Grade Unit: %Intercept: 1489 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: copper
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.44
Grade Unit: %
Intercept: 1489 m
From: 0 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:0.0-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: 1,489 m is an exceptionally long intercept for a porphyry system.

Positive factors

record length
high grade for porphyry

Negative factors

true width unknown

ELID037Elida · molybdenumGrade: 0.04Grade Unit: %Intercept: 1489 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: molybdenum
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.04
Grade Unit: %
Intercept: 1489 m
From: 0 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:0.0-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: Standard byproduct grade.

ELID037Elida · silverGrade: 4.09Grade Unit: g/tIntercept: 1489 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: silver
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 4.09
Grade Unit: g/t
Intercept: 1489 m
From: 0 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:0.0-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: Standard byproduct grade.

ELID037Elida · copperGrade: 0.64Grade Unit: % CuEqIntercept: 1152 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: copper
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.64
Grade Unit: % CuEq
Intercept: 1152 m
From: 400 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:400.0-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: Significant high-grade interval within the main intercept.

Positive factors

high grade sub-interval

ELID037Elida · copperGrade: 0.71Grade Unit: % CuEqIntercept: 401 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: copper
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.71
Grade Unit: % CuEq
Intercept: 401 m
From: 401 m
To: 802 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:401.0-802.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: Strong high-grade sub-interval.

Positive factors

high grade

ELID037Elida · copperGrade: 0.76Grade Unit: % CuEqIntercept: 283.8 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: copper
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.76
Grade Unit: % CuEq
Intercept: 283.8 m
From: 1268.2 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:1268.2-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: High grade at depth.

Positive factors

high grade

ELID037Elida · copperGrade: 0.87Grade Unit: % CuEqIntercept: 93.8 mView all details

Link to this fact

Identity

Hole ID: ELID037
Project: Elida
Commodity: copper
Region: central perú
Reported Region: central Perú
Ticker: ECU

Geometry

Grade: 0.87
Grade Unit: % CuEq
Intercept: 93.8 m
From: 1458.2 m
To: 1552 m
Hole Depth: 1552 m

Classification

Deposit Type: porphyry
Program: exploration
Sample Type: drill
Group ID: ELID037:1458.2-1552.0
Mining Method: open_pit

QA/QC

Laboratory: ALS Peru S.A.C.
QA/QC Disclosed: Yes
Lab Certified: Yes
QP Signed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-01-26T00:00:00.000Z

Reasoning: Highest grade interval reported in the hole, located at depth.

Positive factors

highest grade intercept

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.