Key facts
| Company | Element 29 Resources (TSXV: ECU) |
|---|---|
| Commodity | Copper |
| Location | Peru |
| Stage | Early exploration |
News releases10 on file
Element 29 Receives Prior Consultation Process Exemption for the Atravesado Porphyry Cu-Mo Target Drill Permit
Peru's Ministry of Energy and Mines notified Element 29 on October 21, 2024 that it is exempt from the Consulta Previa process for exploration drilling at the wholly-owned Atravesado porphyry copper-molybdenum target, part of the Flor de Cobre project in the Southern Perú Copper Belt. Following an earlier DIA approval to drill from up to 40 platforms, completion of a surface access agreement with
CorporateElement 29 Receives Environmental Permit for Flor de Cobre Copper Project and Announces Partnership with GlobeTrotters on Exploration Activities
Environmental permit approval (Declaración de Impacto Ambiental) has been granted for exploration drilling at the Atravesado porphyry target on the wholly-owned Flor de Cobre copper project in southern Peru, allowing drilling from up to 40 platforms; the company has applied for the Authorization to Initiate Exploration Activities and expects the drill permit by Q3 2024. Element 29 also plans to pa
CorporateElement 29 Reports Positive Sequential Copper Leach Results from the Flor de Cobre Project
Sequential copper leach analysis was completed on 1,233 metres of drill core (674 samples) from the secondary copper enrichment intervals of the 12 holes drilled in 2022 at the Flor de Cobre copper-molybdenum project in southern Peru, 26 km southeast of the Cerro Verde mine. Results indicate the main enrichment zone at Candelaria is dominated by soluble secondary sulphide (chalcocite) with a minor
Study resultsElement 29 Announces Upsize of Non-Brokered Private Placement
Its previously announced non-brokered private placement has been increased by up to 1,475,000 units, raising the total to up to 7,725,000 units at $0.20 per unit for aggregate gross proceeds of up to $1,545,000. Each unit includes one common share and one-half warrant exercisable at $0.30 for two years from closing, with finders eligible for a 6% cash fee. Proceeds will fund an initial mineral res
FinancingElement 29 Closes Private Placement of $1.54 Million
A non-brokered private placement of 7,725,000 units at $0.20 per unit closed for gross proceeds of $1,545,000, each unit comprising one common share and one-half warrant exercisable at $0.30 for two years. Insiders subscribed for 330,000 units; finder's fees of $30,900 were paid to Haywood Securities and $600 to Canaccord Genuity. Net proceeds will fund a planned initial mineral resource estimate
FinancingElement 29 Announces Private Placement of up to $1.25 Million
A non-brokered private placement of up to 6,250,000 Units at $0.20 per Unit for gross proceeds of up to $1,250,000 is planned, with each Unit comprising one common share and one-half warrant exercisable at $0.30 for two years from closing. Finders may receive a cash fee of 6% of gross proceeds raised on subscriptions they arrange. Net proceeds will fund a planned initial mineral resource estimate
FinancingElement 29 Releases Final Results from Flor de Cobre Drill Program Including 329.4 Metres of 0.56% Cu in Hole FDC011
Final three holes from the 4,532 metre, twelve-hole drill program at the Flor de Cobre copper project in southern Peru returned 329.4 m of 0.56% Cu from 183.1 m in FDC011, including 100.1 m of 0.99% Cu, and 393.1 m of 0.51% Cu, 0.005% Mo, 1.5 g/t Ag from 79.9 m in FDC012, including 152.1 m of 0.82% Cu. FDC010 returned 135.45 m of 0.40% Cu. A mineral resource estimate for Candelaria is planned for
Drill resultsElement 29 Completes Validation Of Flor De Cobre Historical Drilling And Will Proceed With Mineral Resource Estimation
Results from the final four twinned holes of a 4,500 m, twelve-hole drill program at the Flor de Cobre copper project in southern Peru include FDC007 with 68.50 m of 0.45% Cu from 114.50 m, and FDC008 with 129.5 m of 0.29% Cu from 30.50 m. The twinning confirmed that 1994–1995 Rio Amarillo and Phelps Dodge historical drill data is sufficiently reliable to be used in a mineral resource estimate mee
Drill resultsElement 29 Further Confirms Past Drill Results Used In Historical Copper Resource Estimate At Flor De Cobre
Three additional drill holes from the 4,500 m, twelve-hole program at the Flor de Cobre copper project in southern Peru returned 295.65 m of 0.38% Cu in FDC003, including 46.95 m of 0.69% Cu as oxides and 67.30 m of 0.46% Cu enriched sulphide, plus 145.50 m of 0.30% Cu primary sulphide; FDC004 returned 164.60 m of 0.43% Cu and FDC005 143.00 m of 0.34% Cu. The holes twin historical holes CAR-190, C
Drill resultsElement 29 Drills 349.0 Metres Of 0.77% Copper Including 123.0 Metres of 1.42% Copper As Enrichment at Flor De Cobre
Drill hole FDC001 at the Flor de Cobre copper project in southern Peru returned 349.0 m of 0.77% Cu, including 123.0 m of 1.42% Cu in the enriched sulphide zone and 226.0 m of 0.42% Cu in primary sulphide below; FDC002 returned 378.55 m of 0.50% Cu, including 130.7 m of 0.90% Cu and 247.85 m of 0.30% Cu. Both twinned legacy holes K-008 and CAR-188 with similar grades. Holes FDC003 to FDC009 are co
Drill results