# Element 29 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf Original source: https://money.tmx.com/en/quote/ECU/news/5919465764562662/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m Publisher: tmx Original announcement: 2026-07-23T12:29:00.000Z 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, Other - Extracted: 2026-09-19 18:37:08 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Element 29 has reported significant drill results from its Elida Porphyry project in Peru, headlined by a 1,534.6 m intercept in hole ELID035 grading 0.58% CuEq. These results extend mineralization well beyond the current Mineral Resource Estimate limits, demonstrating continuity at depth. Reasoning: The release reports exceptional drill intercepts that extend the known mineralized footprint significantly beyond the current resource estimate, demonstrating both scale and depth continuity in a porphyry system. - Positive factor: Significant extension of mineralization beyond current MRE limits - Positive factor: Very long continuous intercept \(over 1,500m\) - Positive factor: Discovery of deeper, higher-grade zones - Positive factor: Continuity demonstrated at depth - Negative factor: True widths not yet known \(apparent widths only\) Facts used in scoring: 5 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Mineralization extended more than 1,000m beyond the limits of the current Mineral Resource Estimate. Evidence · text > extending mineralization more than 1,000 m beyond the limits of the current Mineral Resource Estimate **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. **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 independent accredited laboratory \(ALS\), insertion of duplicates, blanks, and standards. Evidence · text > ALS is an independent, accredited analytical laboratory operating in accordance with ISO/IEC 17025:2017 quality standards. ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### ELID035 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf#fact-drill-facts-0) Elida · copper #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.34 - Grade Unit: % - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m - Hole Depth: 1591.2 m - Intercept Depth: 56.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - 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: 0.58 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Exceptional scale of the intercept extending the resource footprint. - Positive factor: Extremely long continuous intercept Evidence · text > ELID035 intersected 1,534.6 metres \("m"\) grading 0.58% CuEq 2 \(0.34% Cu, 0.064% Mo, and 2.56 g/t Ag\), from 56.6 m to the end of hole at 1,591.2 m. #### 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 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphy" ### ELID035 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf#fact-drill-facts-1) Elida · molybdenum #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.064 - Grade Unit: % - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m - Hole Depth: 1591.2 m - Intercept Depth: 56.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - 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: 2026-07-23T00:00:00.000Z Reasoning: Secondary metal in a large porphyry intercept. Evidence · text > 0.064% 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 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphy" ### ELID035 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf#fact-drill-facts-2) Elida · silver #### Identity - Hole ID: ELID035 - Project: Elida - Commodity: silver - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 2.56 - Grade Unit: g/t - Intercept: 1534.6 m - From: 56.6 m - To: 1591.2 m - Hole Depth: 1591.2 m - Intercept Depth: 56.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID035:56.6-1591.2 - 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: 2026-07-23T00:00:00.000Z Reasoning: Secondary metal in a large porphyry intercept. Evidence · text > 2.56 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 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphy" ### ELID042 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf#fact-drill-facts-3) Elida · copper #### Identity - Hole ID: ELID042 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 805.8 m - From: 123.7 m - To: 929.5 m - Hole Depth: 1745.1 m - Intercept Depth: 123.7 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID042:123.7-929.5 - 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: 0.36 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Significant width and extension beyond existing pit shell. - Positive factor: Extends mineralization 500m beyond current pit shell Evidence · text > ELID042 ... returned 805.8 m grading 0.36% CuEq2 \(0.28% Cu, 0.023% Mo, and 3.68 g/t Ag\) from 123.7 m to 929.5 m #### 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 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphy" ### ELID043 [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-extends-mineralization-in-elid035-with-longest-intercept-of-1-534-6-m--0562871a-cf5a-49df-adad-a6315799ccdf#fact-drill-facts-4) Elida · copper #### Identity - Hole ID: ELID043 - Project: Elida - Commodity: copper - Region: peru - Reported Region: peru - Ticker: ECU #### Geometry - Grade: 0.23 - Grade Unit: % - Intercept: 343.8 m - From: 952.2 m - To: 1296 m - Hole Depth: 1296 m - Intercept Depth: 952.2 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: ELID043:952.2-1296 - 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: 0.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-07-23T00:00:00.000Z Reasoning: Deep intercept demonstrating continuity and potential for expansion. - Positive factor: Suggests system is open at depth and to the west Evidence · text > The deepest of these intervals returned 343.8 m grading 0.30% CuEq2 \(0.23% Cu, 0.021% Mo, and 2.53 g/t Ag\) from 952.2 m to the end of hole #### 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 Extends Mineralization in ELID035 with Longest Intercept of 1,534.6 m Grading 0.58% CuEq2 at its Elida Porphy" ## 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.