# Element 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8 Original source: https://money.tmx.com/en/quote/ECU/news/8408322205733663/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1- Publisher: tmx Original announcement: 2026-01-26T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: central Perú - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Drill results - Extracted: 2026-08-24 07:21:03 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: longest and highest-grade intercept to date - Positive factor: extends mineralization well beyond existing pit shell - Positive factor: correlates with geophysical anomaly - Positive factor: increasing grades at depth - Negative factor: true widths unknown Facts used in scoring: 7 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-0) Elida · copper #### 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 factor: record length - Positive factor: high grade for porphyry - Negative factor: true width unknown ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-1) Elida · molybdenum #### 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. ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-2) Elida · silver #### 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. ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-3) Elida · copper #### 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 factor: high grade sub-interval ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-4) Elida · copper #### 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 factor: high grade ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-5) Elida · copper #### 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 factor: high grade ### ELID037 [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-reports-longest-and-highest-grade-intercepts-to-date-at-elida-with-1--f6e41204-9c29-49d3-875d-546019dc57e8#fact-drill-facts-6) Elida · copper #### 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 factor: 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.