# Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308 Original source: https://money.tmx.com/en/quote/ECU/news/6117691876110865/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand- Publisher: tmx Original announcement: 2026-04-01T13:36:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Drill results, Resource update - Extracted: 2026-09-19 19:45:41 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Element 29 Resources Inc. has reported significant drill results from hole ELID041 at its Elida Porphyry project in Peru, featuring a 903.7 m intercept at 0.38% CuEq. The mineralization extends over 400 m beyond the current pit-constrained resource, indicating substantial potential for resource expansion. Reasoning: The drill hole ELID041 returned exceptionally long and high-grade CuEq intercepts that extend the known mineralized footprint by over 400m, providing significant potential for resource expansion. - Positive factor: Significant step-out extension of mineralization \(>400m beyond pit shell\) - Positive factor: Very long continuous mineralized intercepts - Positive factor: High-grade CuEq intercepts in a porphyry system - Positive factor: QA/QC and QP sign-off disclosed - Negative factor: True widths not yet determined Facts used in scoring: 12 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Mineralization extended more than 400 m beyond the current pit-constrained Mineral Resource Estimate Evidence · text > Mineralization extended more than 400 m beyond the current pit-constrained Mineral Resource Estimate **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 includes details on ALS Peru laboratory, ISO accreditation, and use of blanks, standards, and duplicates Evidence · text > ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Reported intercepts represent downhole lengths; true widths are not known at this time Evidence · text > Reported intercepts represent downhole lengths; true widths are not known at this time. ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-0) Elida · copper #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.31 - Grade Unit: % - Intercept: 903.7 m - From: 29.8 m - To: 933.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-933.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 0.38 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Primary copper grade in a very long intercept. - Positive factor: Long continuous intercept - Negative factor: True width unknown Evidence · text > 903.7 m grading 0.38% CuEq \(0.31% Cu, 0.02% Mo, and 2.22 g/t Ag\) #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-1) Elida · molybdenum #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.02 - Grade Unit: % - Intercept: 903.7 m - From: 29.8 m - To: 933.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-933.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary molybdenum grade. Evidence · text > 0.02% Mo #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-2) Elida · silver #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: silver - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 2.22 - Grade Unit: g/t - Intercept: 903.7 m - From: 29.8 m - To: 933.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-933.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary silver grade. Evidence · text > 2.22 g/t Ag #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-3) Elida · copper #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.33 - Grade Unit: % - Intercept: 707.7 m - From: 29.8 m - To: 737.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-737.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 0.41 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Significant sub-interval within the main intercept. - Positive factor: High grade over long interval Evidence · text > 707.7 m of 0.41% CuEq \(0.33% Cu, 0.03% Mo, and 2.41 g/t Ag\) #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-4) Elida · molybdenum #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.03 - Grade Unit: % - Intercept: 707.7 m - From: 29.8 m - To: 737.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-737.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary molybdenum grade. Evidence · text > 0.03% Mo #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-5) Elida · silver #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: silver - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 2.41 - Grade Unit: g/t - Intercept: 707.7 m - From: 29.8 m - To: 737.5 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-737.5 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary silver grade. Evidence · text > 2.41 g/t Ag #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-6) Elida · copper #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.35 - Grade Unit: % - Intercept: 495.2 m - From: 29.8 m - To: 525 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-525 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Metal Equivalent - Metal Eq. Grade: 0.46 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Significant sub-interval within the main intercept. - Positive factor: High grade over long interval Evidence · text > 495.2 m of 0.46% CuEq \(0.35% Cu, 0.03% Mo, and 2.78 g/t Ag\) #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-7) Elida · molybdenum #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.03 - Grade Unit: % - Intercept: 495.2 m - From: 29.8 m - To: 525 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-525 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary molybdenum grade. Evidence · text > 0.03% Mo #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ### ELID041 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-drill-facts-8) Elida · silver #### Identity - Hole ID: ELID041 - Project: Elida - Commodity: silver - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 2.78 - Grade Unit: g/t - Intercept: 495.2 m - From: 29.8 m - To: 525 m - Hole Depth: 1232.2 m - Intercept Depth: 29.8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID041:29.8-525 - Mining Method: open\_pit #### Location - Loc. Confidence: medium #### QA/QC - Laboratory: ALS Peru S.A.C. - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Secondary silver grade. Evidence · text > 2.78 g/t Ag #### Tags used in scoring **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: qaqc\_disclosed is 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 **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: "Element 29 Continues to Drill Long Mineralized Intercepts to Potentially Expand Mineral Resources1 at Its Elida Porphyry" ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-resource-facts-9) Elida · copper #### Identity - Project: Elida - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Effective date: 2022-09-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a005032ebba7734ada54 - Deposit or zone: Elida - Mining method: open\_pit - Material type: inferred #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 0.32 - Grade Unit: % #### Prior Estimate - Resource Date: 2022-09-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Baseline resource mentioned for context. Evidence · text > initial pit-constrained inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% Cu #### 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 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 3.5 years before this release ### Elida [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-resource-facts-10) Elida · molybdenum #### Identity - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Effective date: 2022-09-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:2acd029e40fe9c79c075 - Deposit or zone: Elida - Mining method: open\_pit - Material type: inferred #### Resource Data - Tonnes: 321700000 - Grade: 0.03 - Grade Unit: % #### Prior Estimate - Resource Date: 2022-09-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Baseline resource mentioned for context. Evidence · text > 0.03% Mo #### Tags used in scoring **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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 3.5 years before this release ### Elida [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-continues-to-drill-long-mineralized-intercepts-to-potentially-expand--dc267cf3-ea6e-4937-b52b-07348708e308#fact-resource-facts-11) Elida · silver #### Identity - Project: Elida - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Effective date: 2022-09-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:2acd029e40fe9c79c075 - Deposit or zone: Elida - Mining method: open\_pit - Material type: inferred #### Resource Data - Tonnes: 321700000 - Grade: 2.61 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-09-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: Baseline resource mentioned for context. Evidence · text > 2.61 g/t Ag #### Tags used in scoring **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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 3.5 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.