# Element 29 Continues Potential Resource Expansion Drilling at Its Elida Porphyry Cu-Mo-Ag Deposit in Per&\#xFA;

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942

Original source: https://money.tmx.com/en/quote/ECU/news/8024376882437560/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry

Publisher: tmx

Original announcement: 2025-09-03T13:35:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Element 29 Resources Inc.

- Ticker: ECU

- Exchange: TSX

- Region: Perú

- Primary commodity: Copper

- Secondary commodities: Molybdenum, Silver

- Document categories: Drill results, Resource update

- Extracted: 2026-09-19 21:04:42 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Element 29 has commenced a 7,000m diamond drilling program at its Elida porphyry Cu-Mo-Ag deposit in Perú to expand the existing Inferred Mineral Resource. The campaign targets high-grade copper-core potential at depth and resource expansion beyond the current pit shell, guided by recent magnetotelluric geophysical surveys.

Reasoning: The announcement details a new 7,000m drilling program aimed at resource expansion and infill at the Elida porphyry, leveraging geophysical anomalies and historical high-grade intercepts.

- Positive factor: Expansion drilling program targeting high-grade Cu-core

- Positive factor: Existing mineralization extends well beyond current pit shell

- Positive factor: MT geophysical survey identifies high-priority targets

- Negative factor: Uncertainty regarding tonnage and grade increases from exploration

Facts used in scoring: 16

## Classification and evidence

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling is designed to test potential for resource expansion beyond the current pit shell.

Evidence · text

> Planned drill holes will test the potential for resource expansion beyond the current pit shell

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Program includes infill drilling to strengthen confidence in the existing Mineral Resource.

Evidence · text

> while infill drilling to strengthen confidence in the existing Mineral Resource

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: Release mentions a NI 43-101 Technical Report prepared by a Qualified Person.

Evidence · text

> prepared in accordance with Form 43-101F1 by Marc Jutras, PEng MASc, Principal, Mineral Resources, Ginto Consulting Inc., a Qualified Person

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: A current resource fact retains the disclosed cut-off grade

## Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

## Drill Results (13)

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-3)

Elida · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: copper
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.39
- Grade Unit: %
- Intercept: 1039.6 m
- From: 0 m
- To: 1039.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:0-1039.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context of current drilling.

- Positive factor: Long continuous interval

Evidence · text

> This hole previously intersected 1,039.6m of 0.54% CuEq 2 \(0.39% Cu, 0.036% Mo, 2.96 g/t Ag\) from bedrock surface at 69.9 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-4)

Elida · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: molybdenum
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.036
- Grade Unit: %
- Intercept: 1039.6 m
- From: 0 m
- To: 1039.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:0-1039.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context of current drilling.

Evidence · text

> 0.54% CuEq 2 \(0.39% Cu, 0.036% Mo, 2.96 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-5)

Elida · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: silver
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 2.96
- Grade Unit: g/t
- Intercept: 1039.6 m
- From: 0 m
- To: 1039.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:0-1039.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context of current drilling.

Evidence · text

> 0.54% CuEq 2 \(0.39% Cu, 0.036% Mo, 2.96 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-6)

Elida · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: copper
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.56
- Grade Unit: %
- Intercept: 310.1 m
- From: 799.5 m
- To: 1109.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:799.5-1109.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

- Positive factor: High grade sub-interval

Evidence · text

> including 310.1 m of 0.71% CuEq 2 \(0.56% Cu, 0.040% Mo, 3.49 g/t Ag\) from 799.5 m to the end of hole at 1,109.6 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-7)

Elida · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: molybdenum
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.04
- Grade Unit: %
- Intercept: 310.1 m
- From: 799.5 m
- To: 1109.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:799.5-1109.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

Evidence · text

> 0.71% CuEq 2 \(0.56% Cu, 0.040% Mo, 3.49 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID033

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-8)

Elida · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID033
- Project: Elida
- Commodity: silver
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 3.49
- Grade Unit: g/t
- Intercept: 310.1 m
- From: 799.5 m
- To: 1109.6 m
- Hole Depth: 1109.6 m
- Intercept Depth: 69.9 m

#### Classification

- Sample Type: drill
- Group ID: ELID033:799.5-1109.6

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-01-22T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

Evidence · text

> 0.71% CuEq 2 \(0.56% Cu, 0.040% Mo, 3.49 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-9)

Elida · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: copper
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.24
- Grade Unit: %
- Intercept: 523.5 m
- From: 87 m
- To: 610.5 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-610.5

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context.

Evidence · text

> ELID023 intersecting 523.5 m of 0.35% CuEq 2 \(0.24% Cu, 0.024% Mo, 2.9 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-10)

Elida · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: molybdenum
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.024
- Grade Unit: %
- Intercept: 523.5 m
- From: 87 m
- To: 610.5 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-610.5

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context.

Evidence · text

> 0.35% CuEq 2 \(0.24% Cu, 0.024% Mo, 2.9 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-11)

Elida · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: silver
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 2.9
- Grade Unit: g/t
- Intercept: 523.5 m
- From: 87 m
- To: 610.5 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-610.5

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context.

Evidence · text

> 0.35% CuEq 2 \(0.24% Cu, 0.024% Mo, 2.9 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-12)

Elida · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: copper
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.41
- Grade Unit: %
- Intercept: 91 m
- From: 87 m
- To: 178 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-178

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

- Positive factor: High grade sub-interval

Evidence · text

> including 91 m of 0.56% CuEq 2 \(0.41% Cu, 0.032% Mo, 4.1 g/t Ag\) from bedrock surface at 87 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-13)

Elida · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: molybdenum
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 0.032
- Grade Unit: %
- Intercept: 91 m
- From: 87 m
- To: 178 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-178

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

Evidence · text

> 0.56% CuEq 2 \(0.41% Cu, 0.032% Mo, 4.1 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### ELID023

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-14)

Elida · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: ELID023
- Project: Elida
- Commodity: silver
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Grade: 4.1
- Grade Unit: g/t
- Intercept: 91 m
- From: 87 m
- To: 178 m
- Hole Depth: 662.4 m
- Intercept Depth: 87 m

#### Classification

- Sample Type: drill
- Group ID: ELID023:87-178

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2022-01-19T00:00:00.000Z

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical high-grade sub-interval reported.

Evidence · text

> 0.56% CuEq 2 \(0.41% Cu, 0.032% Mo, 4.1 g/t Ag\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

### Tier-1

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-drill-facts-15)

Elida

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: Tier-1
- Project: Elida
- Region: perú
- Reported Region: perú
- Ticker: ECU

#### Geometry

- Intercept: 39.6 m
- Hole Depth: 1109.6 m

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % Cu-Eq

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Historical intercept reported for context of current drilling.

- Positive factor: Long continuous interval

Evidence · text

> 039.6m of 0.54% CuEq

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coas"

## Resource Estimates (3)

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-resource-facts-0)

Elida · copper

#### Identity

- Project: Elida
- Commodity: copper
- Region: perú
- Reported Region: Perú
- Ticker: ECU

#### Resource scope

- Estimate type: resource
- Effective date: 2022-09-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Marc Jutras
- Resource group id: resource:ecb4e8e11bc40f38dd87
- Mining method: open\_pit
- Material type: other
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 321700000
- Grade: 0.32
- Grade Unit: %
- Cutoff Grade: 0.2
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2022-09-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Baseline inferred resource estimate provided for context.

Evidence · text

> outlined 321.7 million tonnes of 0.32% Cu, 0.029% Mo and 2.61 g/t Ag at a 0.2% Cu cut-off grade

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.0 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-resource-facts-1)

Elida · molybdenum

#### Identity

- Project: Elida
- Commodity: molybdenum
- Region: perú
- Reported Region: Perú
- Ticker: ECU

#### Resource scope

- Estimate type: resource
- Effective date: 2022-09-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Marc Jutras
- Resource group id: resource:ecb4e8e11bc40f38dd87
- Mining method: open\_pit
- Material type: other
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 321700000
- Grade: 0.029
- Grade Unit: %
- Cutoff Grade: 0.2
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2022-09-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Baseline inferred resource estimate provided for context.

Evidence · text

> outlined 321.7 million tonnes of 0.32% Cu, 0.029% Mo and 2.61 g/t Ag

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.0 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-potential-resource-expansion-drilling-at-its-elida-porphyry--ea01b3e8-1457-4593-849b-c84466ca5942#fact-resource-facts-2)

Elida · silver

#### Identity

- Project: Elida
- Commodity: silver
- Region: perú
- Reported Region: Perú
- Ticker: ECU

#### Resource scope

- Estimate type: resource
- Effective date: 2022-09-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Marc Jutras
- Resource group id: resource:ecb4e8e11bc40f38dd87
- Mining method: open\_pit
- Material type: other
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 321700000
- Grade: 2.61
- Grade Unit: g/t
- Cutoff Grade: 0.2
- Cutoff Unit: % Cu

#### Prior Estimate

- Resource Date: 2022-09-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-03T00:00:00.000Z

Reasoning: Baseline inferred resource estimate provided for context.

Evidence · text

> outlined 321.7 million tonnes of 0.32% Cu, 0.029% Mo and 2.61 g/t Ag

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 3.0 years before this release

## 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.