Element 29 Res Stock Price, News & Analysis

Element 29 Resources (OTCQB: EMTRF) has announced significant findings from its magnetotellurics (MT) geophysical survey at the Elida Porphyry Copper-Molybdenum-Silver Deposit in Peru. The survey identified six major resistivity anomalies, including an east-west trending high-resistivity anomaly correlating with the existing Cu-Mo-Ag mineralization.

The survey, covering a 5 km by 6 km area with 122 MT stations, generated a high-resolution 3D resistivity model reaching depths over 3,000 meters. The results revealed multiple untested low-resistivity anomalies that extend beyond the current 2.5 km by 2.5 km phyllic hydrothermal alteration footprint, suggesting significant potential for resource expansion.

Previous drilling results included intersections of 1,039.6 m of 0.54% CuEq, including 310.1 m of 0.71% CuEq. The company plans to use these findings to guide its Phase-III drilling program aimed at expanding the current pit-constrained Inferred Mineral Resource Estimate.

Element 29 Resources has renewed a crucial five-year surface access agreement with the local community at its Elida Porphyry Copper-Molybdenum-Silver project in Peru, extending through April 30, 2030. The company has applied for a new drill permit under an expanded DIA environmental approval, which would double drilling platforms from 20 to 40. The company is conducting a magnetotellurics survey with over 100 stations to create a 3D resistivity model for exploring deeper mineralization. Element 29 plans to continue its Phase-III drilling program, which previously revealed significant Cu-Mo-Ag mineralization in late 2024. The company is actively engaging with the local community, employing members for various project activities, and is preparing a Collective Impacts Report for potential exemption from the Prior Consultation process.

Element 29 Resources has renewed a crucial five-year surface access agreement with the local community at its Elida Porphyry Copper-Molybdenum-Silver project in Peru, valid until April 30, 2025. The company has applied for a new drill permit under an expanded DIA environmental approval, which would double drilling platforms from 20 to 40. The company is conducting a magnetotellurics survey with over 100 stations across a 5x6 km area to map mineralization at depths beyond 2,000m. Element 29 plans to continue its Phase-III drilling program, which has already shown promising results with broad Cu-Mo-Ag mineralization intervals in late 2024 drilling. The company is actively engaging with the local community, employing members for various project activities while preparing documentation for exemption from the Consulta Previa process.

Element 29 Resources (EMTRF) has initiated significant developments at its Elida Porphyry Copper-Molybdenum-Silver deposit in Peru. The company launched a large-scale magnetotellurics (MT) survey covering a 5x6 km area with over 100 stations to map potential deep mineralization. Previous drilling revealed promising results, including hole ELID033 which intersected 1,039.6 metres grading 0.54% CuEq. The company has submitted a DIA environmental approval application to expand drilling platforms from 20 to 40 and is finalizing a 5-year surface access agreement. Additionally, Michael Au has been appointed as the new CFO, replacing Duane Lo. The company plans to resume Phase-III drilling in Q3 2025 and has granted 400,000 stock options and 35,000 RSUs to officers and consultants.

Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) is advancing its copper exploration operations in Peru, positioning itself strategically in one of the world's premier mining jurisdictions. The company benefits from excellent infrastructure access, including highways, port facilities, and renewable energy sources.

The company's strategy focuses on low-cost development and resource expansion, with the ultimate goal of exploring and developing a tier-one copper deposit in Peru.

Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) has announced the engagement of Torrey Hills Capital to enhance company awareness among investment professionals, advisors, and money managers in the United States. The agreement, pending regulatory approval, sets a monthly rate of US$8,000 for a three-month term. Torrey Hills, led by principal Cliff Mastricola, operates at arm's length from Element 29 and currently holds no interest in the company.

Element 29 Resources has announced significant results from its Phase-III diamond drill program at the Elida Porphyry Copper-Molybdenum-Silver Deposit in Peru. The program's first two drill holes revealed substantial mineralization:

ELID033 intersected 0.54% CuEq (0.39% Cu, 0.036% Mo, 2.96 g/t Ag) over 1039.6 meters from surface to end of hole. Notably, the last 310.1 meters showed increased grades of 0.71% CuEq, suggesting improving mineralization at depth.

ELID035 encountered 0.54% CuEq (0.33% Cu, 0.045% Mo, 2.76 g/t Ag) over 922.4 meters from surface. The company plans to complete the remaining Phase-III drill program in early Q2 2025, along with AMT geophysical survey in Q1 and preliminary metallurgical testing later in 2025.

Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) has shared key developments from 2024 and plans for 2025. The company underwent significant leadership changes, with Richard Osmond transitioning to President and CEO, and Manuel Montoya joining as Chief Technical Officer. The company successfully raised $3.26 million from shareholders.

In 2024, Element 29 completed two deep diamond drill holes at the Elida Porphyry Cu-Mo-Ag Deposit, both intersecting over 950 metres of porphyry alteration. Drill hole ELID033 reached 1,109.6 metres depth, with assay results pending.

For 2025, the company plans to: restart the Elida Phase III drill program in Q2 with a 5,000-metre campaign; conduct an AMT geophysical survey in Q1; expand drill permits at Elida; secure permits for Flor de Cobre drilling; and initiate exploration activities at the Paka project, including permit applications and geophysical surveys.

Element 29 Resources has completed the first two drill holes (2,249.8 metres) of its Phase-III diamond drill program at the Elida Porphyry Copper-Molybdenum-Silver Deposit in central Perú. Both holes intersected strong porphyry-related hydrothermal alteration from bedrock surface to depths exceeding 950 meters, indicating potential for copper-molybdenum-silver mineralization.

The program aims to expand the existing pit-constrained initial Inferred Mineral Resource of 321.7 million tonnes at 0.39% Cu, 0.03% Mo, and 2.61 g/t Ag. The company plans to restart drilling in early Q2 2025 following the rainy season. Geochemical assay results are expected in the coming weeks.