Element 29 Resources Inc. announced the commencement of drilling activities at its Elida Porphyry Copper in central Peru.
Element 29 has launched a new exploration drilling program at Elida aimed at unlocking significant resource growth. Previous drilling recognized higher-grade Cu mineralization extending well beyond the current pit-constrained inferred mineral resource estimate and has highlighted the potential for a deeper high-grade Cu-core.
Richard Osmond, President and CEO of Element 29, comments, "Results from ELID033 confirmed the high-grade mineralization extends well beyond the current pit shell and highlighted the potential for a high-grade copper-core at depth. With drilling now underway, the 2025 drill program offers a clear opportunity to grow the resource footprint and advance Elida toward a major copper discovery in a premier mining jurisdiction, delivering significant value for our shareholders."
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished
