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Element 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2
Including 1,152 m of 0.64% CuEq 2 (0.49% Cu, 0.04% Mo and 4.65 g/t Ag) with 401.0 m of 0.71%...
About this update from Element 29 Resources, Inc.
[{"type":"text","content":"Element 29 Reports Longest and Highest-Grade Intercepts to Date at Elida with 1,489 m of 0.58% CuEq2Including 1,152 m of 0.64% CuEq2 (0.49% Cu, 0.04% Mo and 4.65 g/t Ag) with 401.0 m of 0.71% CuEq2 (0.60% Cu, 0.03% Mo, and 7.67 g/t Ag)Watch the short video of Richard Osmond, CEO, providing highlights - HEREVancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) (\"Element 29\" or the \"Company\") announces results from our ongoing diamond drilling program at its Elida Porphyry Copper (\"Cu\") - Molybdenum (\"Mo\") - Silver (\"Ag\") Deposit (\"Elida\" or the \"Property\") in central Perú (Figure 1). The Company continues to intersect long high-grade intervals of Cu-Mo-Ag mineralization at Elida beginning near surface and extending to vertical depths exceeding 1,400 meters (\"m\"), highlighting the potential for significant resource expansion beyond the existing pit-constrained Mineral Resource¹. Drill intercepts are reported as down-hole lengths, and the true thicknesses are unknown at this time.Elida Drilling HighlightsDrill hole ELID037 intersected 0.58% CuEq2 (0.44% Cu, 0.04% Mo, 4.09 g/t Ag) over 1,489.0 m, from bedrock surface to the end of the hole (\"EOH\") at 1,552.0 m. Including 1,152.0 m grading 0.64% CuEq2 (0.49% Cu, 0.04% Mo, 4.65 g/t Ag), from a depth of 400.0 m to the EOH.Several higher-grade Cu-Mo-Ag sub-intervals were intersected in ELID037 including:401.0 m grading 0.71% CuEq2 (0.60% Cu, 0.03% Mo, 7.67 g/t Ag), starting at a depth of 401.0 m; and283.8 m grading 0.76% CuEq2 (0.58% Cu, 0.06% Mo, 3.68 g/t Ag), starting at a depth of 1268.2 m.The Cu grades in ELID037 are increasing at depth with the last 93.8 m grading 0.87% CuEq2 (0.71% Cu, 0.06% Mo, 3.99 g/t Ag), which correlates with the upper part of a large, low resistivity MT geophysical anomaly potentially outlining a large high-grade copper core.Richard Osmond, President and CEO of Element 29 Resources, states, \"The Elida porphyry system continues to impress returning long intercepts of higher-grade copper mineralization extending vertically to a depth of more than 1,400 m, reinforcing our view of Elida as a large, well mineralized porphyry system. We look forward to continuing the current drilling program to advance Elida toward a major copper discovery in a premier mining ...