Key facts
| Company | Element 29 Resources (TSXV: ECU) |
|---|---|
| Commodity | Copper |
| Location | Peru |
| Stage | Early exploration |
News releases22 on file
Element 29 Mobilizes Third Drill Rig to Elida Copper Project, Peru
A third drill rig has been mobilized to the Elida copper-molybdenum-silver project in west-central Peru, beginning drilling at the previously untested Zone 4 porphyry target with hole ELID046. Two rigs continue step-out drilling west of Zone 1, following up on intercepts in ELID033, ELID035 and ELID037, under a 40-platform permit approved in July 2026, with the company aiming to exceed its 10,000-
Drill resultsElement 29 Receives Upgraded Five-Year Drill Permit Supporting Advancement of the Elida Porphyry Cu-Mo-Ag Project, Perú
An upgraded Permiso de Inicio de Actividades drill permit from Peru's Ministerio de Energía y Minas authorizes up to 40 drill platforms over five years at the Elida porphyry Cu-Mo-Ag project in central Perú, up from 20 previously. Two rigs are operating, with more than 4,885 metres completed of a planned 10,000-metre diamond drilling program. Under Decreto Supremo N.° 014-2026-EM, published July 1
CorporateElement 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, Perú
Drill hole ELID035 at the Elida porphyry Cu-Mo-Ag deposit in central Perú returned 1,534.6 m grading 0.58% CuEq (0.34% Cu, 0.064% Mo, 2.56 g/t Ag) from 56.6 m to the end of hole at 1,591.2 m, including 1,071.1 m of 0.61% CuEq beyond the current Mineral Resource Estimate. ELID042 returned 805.8 m at 0.36% CuEq from 123.7 m, and ELID043 returned 343.8 m at 0.30% CuEq from 952.2 m. 4,885.5 m of the p
Drill resultsElement 29 Engages Synectiq to Advance Resource Modelling and Metallurgical Test Work at its Elida Porphyry Cu-Mo-Ag Deposit, Perú
Synectiq Inc. has been engaged to support mineral resource modelling and to design and manage a metallurgical test work program at the Elida porphyry Cu-Mo-Ag deposit in central Perú. The updated Mineral Resource Estimate would build on the pit-constrained 2022 estimate and incorporate drilling completed since, including the ongoing Phase 3 program, with potential completion targeted by year-end.
CorporateElement 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at its Elida Porphyry Cu-Mo-Ag Deposit, Perú
Drill hole ELID041 at the Elida porphyry Cu-Mo-Ag deposit in central Perú returned 903.7 m grading 0.38% CuEq (0.31% Cu, 0.02% Mo, 2.22 g/t Ag) from 29.8 m depth, including 707.7 m of 0.41% CuEq and 495.2 m of 0.46% CuEq. The hole, drilled to 1,232.2 m on the northeastern side of the deposit, extended mineralization more than 400 m beyond the current pit-constrained resource at a 0.2% Cu cut-off.
Drill resultsElement 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2
Drill hole ELID037 at the Elida porphyry Cu-Mo-Ag deposit in west-central Perú returned 1,489.0 m grading 0.58% CuEq (0.44% Cu, 0.04% Mo, 4.09 g/t Ag) from bedrock surface to the end of hole at 1,552.0 m, including 1,152.0 m of 0.64% CuEq and sub-intervals of 401.0 m at 0.71% CuEq and 283.8 m at 0.76% CuEq, ending in 93.8 m of 0.87% CuEq. Results were also reported for ELID036, ELID038, ELID039 an
Drill resultsElement 29 Receives DIA Environmental Certification Advancing New Drilling Permit Application at Elida Porphyry Cu-Mo-Ag Deposit, Perú
Environmental certification under a Declaración de Impacto Ambiental has been granted by Peru's Ministerio de Energía y Minas for Element 29's Elida porphyry Cu-Mo-Ag deposit in central Peru, advancing its application for a new Programa de Inicio de Actividades drilling permit. The DIA is valid up to five years and covers up to 40 drilling platforms, versus 20 under the existing permit, which expi
CorporateElement 29 Adds Third Drill Rig to Accelerate the Ongoing Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Perú
A third diamond drill rig has been mobilized to the Elida porphyry Cu-Mo-Ag deposit in west-central Perú, expanding a program of up to 7,000 m, the majority of which the company plans to complete before the end of 2025. Hole ELID037 is at 834 m of a planned 1,500 m, ELID036 at 470 m of a planned 850 m, and ELID038 is newly started toward 1,000 m; assays are pending. Separately, the exercise of 18,
Drill resultsElement 29 Continues Potential Resource Expansion Drilling at its Elida Porphyry Cu-Mo-Ag Deposit in Perú
Drilling has begun at the Elida porphyry Cu-Mo-Ag deposit in west-central Perú, with a program of up to 7,000 metres of diamond drilling targeting resource expansion beyond the current pit shell to depths exceeding 1,000 m, plus infill drilling. The first rig is deepening ELID033 to approximately 1,500 m from its prior 1,109.6 m end of hole, which returned 1,039.6 m of 0.54% CuEq. A second rig is
Drill resultsElement 29 Closes Private Placement of $6.3M
A non-brokered private placement of 12,649,000 units at $0.50 per unit closed effective August 19, 2025 for gross proceeds of up to $6,324,500, with each unit comprising one common share and one-half warrant exercisable at $0.70 until August 19, 2028. Insiders took 330,000 units, and cash finder's fees totalled $254,415; securities are subject to a hold period expiring December 20, 2025. Net proce
FinancingElement 29 Announces Upsized Private Placement of up to $6,400,000
The previously announced non-brokered private placement has been increased to up to 12,800,000 units at $0.50 per unit for gross proceeds of up to $6,400,000, with each unit comprising one common share and one-half warrant exercisable at $0.70 for 36 months. Net proceeds will fund exploration in Perú, including the Phase-III drill program at the Elida porphyry copper-molybdenum-silver deposit in w
FinancingElement 29 Announces Private Placement of up to $3,500,000
A non-brokered private placement of up to 7,000,000 units at $0.50 per unit for gross proceeds of up to $3,500,000 is planned, with each unit comprising one common share and one-half warrant exercisable at $0.70 for 36 months. Net proceeds will fund exploration in Perú, including the Phase-III drill program at the Elida porphyry copper-molybdenum-silver deposit in west-central Perú, and general wo
FinancingElement 29 Identifies Multiple Large Untested MT Geophysical Anomalies at Elida Porphyry Cu-Mo-Ag Deposit
A magnetotelluric survey at the Elida porphyry Cu-Mo-Ag deposit in central Perú, comprising 122 MT stations over a 5 km by 6 km area, produced a 3D resistivity model to depths exceeding 3,000 m and identified six resistivity anomalies, including a 1,000 m long east-west high-resistivity anomaly correlating with the porphyry intrusive complex and several untested low-resistivity anomalies. The Comp
Drill resultsElement 29 Resources Renews 5-Year Surface Access Agreement at its Elida Project
A renewed five-year surface access agreement with the host community at the Elida porphyry Cu-Mo-Ag project in central Perú has been signed, expiring April 30, 2030, supporting the Company's application for a new drill permit under an expanded Declaración de Impacto Ambiental that would increase authorized drilling platforms from 20 to 40 and allow drilling for a further five years. An ongoing mag
CorporateElement 29 Resources Provides an Update on its Elida Porphyry Cu-Mo-Ag Deposit and Corporate Developments
A magnetotellurics survey of more than 100 stations across a 5 km by 6 km area has begun at the Elida Cu-Mo-Ag deposit in central Perú, targeting depths beyond 2,000 m ahead of a Phase-III drill restart in Q3 2025. A DIA environmental application seeking to raise authorized drill platforms from 20 to 40 was submitted to MINEM, and a five-year surface access agreement with the host community is bei
CorporateElement 29 Announces Results from Elida Phase-III Drill Program including 1039.6 metres of 0.54% CuEq2
Drill hole ELID033 at the Elida porphyry Cu-Mo-Ag deposit in central Perú returned 1,039.6 m of 0.54% CuEq (0.39% Cu, 0.036% Mo, 2.96 g/t Ag) from bedrock surface to the end of hole at 1,109.6 m, including 310.1 m of 0.71% CuEq from 799.5 m. ELID035 returned 922.4 m of 0.54% CuEq (0.33% Cu, 0.045% Mo, 2.76 g/t Ag), while ELID034 was lost at 161.2 m after 107.2 m of 0.39% CuEq. The remaining four h
Drill resultsElement 29 Completes the First Two Holes from the Phase-III Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Central Perú
Two drill holes totalling 2,249.8 m have been completed in the Phase-III diamond drill program at the Elida porphyry Cu-Mo-Ag deposit in central Perú. ELID033 reached 1,109.6 m and ELID035 reached 979.0 m, both ending in strong porphyry-related alteration; a third hole, ELID034, was lost at 161.2 m during a drill bit change. Assay results are expected in the coming weeks, and drilling is scheduled
Drill resultsElement 29 Commences Resource Expansion Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Central Perú
Drilling has begun at the Elida porphyry Cu-Mo-Ag deposit in central Perú, with a program of up to 4,000 m of diamond drilling expected to continue until early December 2024, aimed at expanding the existing pit-constrained inferred resource of 321.7 million tonnes grading 0.32% Cu, 0.03% Mo and 2.61 g/t Ag. First hole ELID033 sits 200 m west of ELID025, which returned 908.75 m of 0.39% Cu, 0.035%
Drill resultsElement 29 Announces Results from Elida Phase 2 Drill Program including 404.5 metres of 0.60% CuEq1
Phase 2 drilling at the 100%-owned Elida copper project in central Peru totalled 2,043 metres in seven holes. ELID032 intersected 404.5 m of 0.45% Cu, 0.032% Mo and 3.6 g/t Ag (0.60% CuEq) from the bedrock surface at 45.5 m, including 123.0 m of 0.68% CuEq, and ended in mineralization at 450.0 m; ELID031 returned 366.9 m of 0.38% CuEq. Three Zone 2 holes returned no significant copper values. Prel
Drill resultsElement 29 Announces Filing of Technical Report for Initial Mineral Resource Estimate at its Elida Porphyry Copper Deposit in Peru
An NI 43-101 technical report dated November 10, 2022, with an effective date of September 20, 2022, has been filed for the initial mineral resource estimate at the Elida porphyry copper deposit in west-central Peru. The pit-constrained Inferred resource totals 321.7 million tonnes grading 0.32% copper (2.24 billion pounds contained), 0.029% molybdenum and 2.6 g/t silver at a 0.20% Cu cut-off, wit
Resource updateElement 29 Commences Phase 2 Drill Program at the Elida Copper Deposit in Peru
An approximately 2,000 metre Phase 2 drill program has begun at the Elida copper-molybdenum deposit in west-central Peru. The program will test extensions of higher-grade mineralization internal to the Zone 1 deposit, including a near-surface subset of 34.1 million inferred tonnes at 0.55% copper, 0.037% molybdenum and 4.4 g/t silver at a 0.45% copper cut-off, and complete an initial test of Zone
Drill resultsElement 29 Announces Initial Mineral Resource Estimate for the Elida Porphyry Copper Deposit in Peru
An initial pit-constrained Inferred Mineral Resource of 321.7 million tonnes grading 0.316% copper (2,241.2 million pounds contained copper), 0.029% molybdenum and 2.61 g/t silver, at a 0.20% copper cut-off and a 0.74:1 strip ratio, has been estimated for the Elida porphyry copper-molybdenum deposit in west-central Peru, effective September 20, 2022. A higher-grade subset at a 0.45% copper cut-off
Resource update