Element 29 Resources Inc. announced it has commenced an approximately 2,000 metre Phase 2 drill program at its Elida Copper Deposit in west-central Peru. Elida is a porphyry copper-molybdenum system located 85 kilometres inland from the coast at a moderate elevation of 1,600 m and is road accessible with excellent infrastructure for potential mine development and operation. The objectives of the Phase 2 drill program are to: Test for extensions of identified higher-grade mineralization internal to the Zone 1 deposit, specifically where a near surface, higher-grade subset of the Mineral Resource consisting of 34.1 million inferred tonnes at 0.55% copper, 0.037% molybdenum, and 4.4 g/t silver (at a cut-off grade of 0.45% copper) was highlighted and has potential to be mined with minimal stripping in the initial years of mining; and Undertake an initial test of Zone 2 where veined and leached porphyry is exposed.
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0.275 CAD | -.--% |
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03/06 | Element 29 Resources Inc. Announces Retirement of Robert Willis as Independent Board | CI |
30/05 | Element 29 Resources Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
1st Jan change | Capi. | |
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+52.78% | 2.14Cr | |
+67.94% | 4.88TCr | |
+26.17% | 2.63TCr | |
+8.49% | 1.39TCr | |
+65.62% | 1.09TCr | |
+22.37% | 747.9Cr | |
+19.23% | 698.4Cr | |
+10.06% | 635.52Cr | |
+50.39% | 534.46Cr | |
+17.23% | 369.6Cr |
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- Element 29 Resources Inc. Commences Phase 2 Drill Program At the Elida Copper Deposit in Peru