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Element 29 Identifies Multiple Large Untested MT Geophysical Anomalies at Elida Porphyry Cu-Mo-Ag Deposit
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Element 29 Resources Inc. (TSXV:...
About this update from Element 29 Resources, Inc.
[{"type":"text","content":"Element 29 Identifies Multiple Large Untested MT Geophysical Anomalies at Elida Porphyry Cu-Mo-Ag DepositVancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) (\"Element 29\" or the \"Company\") is pleased to announce the results of the recently completed magnetotellurics (\"MT\") geophysical survey at its flagship Elida Porphyry Copper-Molybdenum-Silver (\"Cu-Mo-Ag\") Deposit (\"Elida\") in central Perú.Element 29 has completed a large-scale MT geophysical survey at Elida, targeting mineralization outside and beneath the current pit-constrained Inferred Mineral Resource Estimate. The survey results outlined an east-west trending high-resistivity anomaly correlating with the Elida porphyry intrusive complex, which is straddled by several large, low-resistivity anomalies within and extending beyond the mapped 2.5-kilometre (\"km\") by 2.5 km phyllic hydrothermal alteration footprint of the Elida porphyry system. These results highlight the potential to expand the known Cu-Mo-Ag resource and discover new zones of mineralization. Insights gained from the MT survey will help guide deeper and step-out drilling in the next phases of drilling as the Company advances Elida toward a Tier-1 discovery in a world-class mining jurisdiction. Richard Osmond, President and CEO, states, \"The MT geophysical survey has been highly successful in outlining the known Elida orebody, confirming its continuation at depth, and identifying multiple new geophysical anomalies that represent compelling targets for further exploration. The strong correlation between the high-resistivity anomaly and existing Cu-Mo-Ag mineralization supports our current geological model, while the presence of several large, untested low-resistivity anomalies highlights the potential for resource expansion and new discoveries. With this MT 3D resistivity model in hand, we are now well-positioned to unlock the full potential of the Elida Project.\"Based on a total of 122 MT stations collected over a 5 km by 6 km survey area, a high-resolution, three-dimensional (\"3D\") resistivity model of the subsurface was generated to depths exceeding 3,000 metres (\"m\"). The MT 3D resistivity model outlined a 1,000 m long east-west trending high-resistivity anomaly running through the centre of the Elida de...