Element 29 Identifies Multiple Large Untested MT Geophysical Anomalies at Elida Porphyry Cu-Mo-Ag Deposit
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 (OTCQB: EMTRF) ha annunciato risultati significativi dal suo sondaggio geofisico magnetotellurico (MT) presso il giacimento di rame-molibdeno-argento Elida Porphyry in Perù. L'indagine ha individuato sei principali anomalie di resistività, inclusa un'anomalia ad alta resistività orientata est-ovest che corrisponde alla mineralizzazione Cu-Mo-Ag esistente.
La ricerca, che ha coperto un'area di 5 km per 6 km con 122 stazioni MT, ha prodotto un modello tridimensionale ad alta risoluzione della resistività fino a profondità superiori a 3.000 metri. I risultati hanno evidenziato diverse anomalie a bassa resistività non testate che si estendono oltre l'attuale impronta di alterazione idrotermale fillitica di 2,5 km per 2,5 km, suggerendo un notevole potenziale per l'espansione delle risorse.
I precedenti risultati di perforazione hanno incluso intersezioni di 1.039,6 m con 0,54% CuEq, tra cui 310,1 m con 0,71% CuEq. La società intende utilizzare queste scoperte per guidare il programma di perforazione della Fase III, volto ad ampliare la stima attuale delle risorse minerarie inferite vincolate alla cava.
Element 29 Resources (OTCQB: EMTRF) ha anunciado hallazgos significativos de su encuesta geofísica magnetotelúrica (MT) en el depósito de cobre-molibdeno-plata Elida Porphyry en Perú. La encuesta identificó seis anomalías principales de resistividad, incluyendo una anomalía de alta resistividad con tendencia este-oeste que se correlaciona con la mineralización existente de Cu-Mo-Ag.
La investigación, que cubrió un área de 5 km por 6 km con 122 estaciones MT, generó un modelo 3D de resistividad de alta resolución que alcanza profundidades superiores a 3,000 metros. Los resultados revelaron múltiples anomalías de baja resistividad sin probar que se extienden más allá de la huella actual de alteración hidrotermal filítica de 2.5 km por 2.5 km, sugiriendo un potencial significativo para la expansión de recursos.
Los resultados previos de perforación incluyeron intersecciones de 1,039.6 m con 0.54% CuEq, incluyendo 310.1 m con 0.71% CuEq. La compañía planea usar estos hallazgos para guiar su programa de perforación de Fase III destinado a expandir la estimación actual de recursos minerales inferidos limitados por la mina.
Element 29 Resources (OTCQB: EMTRF)는 페루의 엘리다 포피리 구리-몰리브덴-은 매장지에서 실시한 자기텔루릭스(MT) 지구물리학 조사에서 중요한 발견을 발표했습니다. 조사 결과 여섯 개의 주요 저항 이상이 확인되었으며, 기존 Cu-Mo-Ag 광상과 상응하는 동서 방향의 고저항 이상도 포함되어 있습니다.
5km x 6km 면적에 122개의 MT 스테이션을 설치한 이번 조사는 3,000미터 이상의 깊이까지 도달하는 고해상도 3D 저항 모델을 생성했습니다. 결과는 현재 2.5km x 2.5km의 필릭 열수 변질 범위를 넘어 확장되는 여러 미검증 저저항 이상을 보여, 자원 확장에 상당한 잠재력을 시사합니다.
이전 시추 결과는 0.54% CuEq의 1,039.6m 구간을 포함하며, 그 중 0.71% CuEq의 310.1m 구간도 있었습니다. 회사는 이 발견을 바탕으로 현재 갱도 제한 추정 광물자원량을 확장하기 위한 3단계 시추 프로그램을 진행할 계획입니다.
Element 29 Resources (OTCQB : EMTRF) a annoncé des résultats importants issus de son levé géophysique magnétotellurique (MT) au gisement porphyrique de cuivre-molybdène-argent Elida au Pérou. L'enquête a identifié six anomalies majeures de résistivité, dont une anomalie à haute résistivité orientée est-ouest corrélée à la minéralisation Cu-Mo-Ag existante.
Le levé, couvrant une zone de 5 km sur 6 km avec 122 stations MT, a généré un modèle 3D de résistivité haute résolution atteignant des profondeurs de plus de 3 000 mètres. Les résultats ont révélé plusieurs anomalies de faible résistivité non testées s'étendant au-delà de l'empreinte actuelle d'altération hydrothermale phyllic de 2,5 km sur 2,5 km, suggérant un potentiel significatif d'expansion des ressources.
Les résultats de forage précédents comprenaient des intersections de 1 039,6 m à 0,54 % CuEq, dont 310,1 m à 0,71 % CuEq. La société prévoit d'utiliser ces découvertes pour orienter son programme de forage de phase III visant à étendre l'estimation actuelle des ressources minérales présumées contraintes par la fosse.
Element 29 Resources (OTCQB: EMTRF) hat bedeutende Ergebnisse seiner magnetotellurischen (MT) geophysikalischen Untersuchung am Elida Porphyr-Kupfer-Molybdän-Silber-Lagerstätte in Peru bekannt gegeben. Die Untersuchung identifizierte sechs große Resistivitätsanomalien, darunter eine ost-westlich verlaufende Hochresistivitätsanomalie, die mit der bestehenden Cu-Mo-Ag-Mineralisierung korreliert.
Die Untersuchung, die ein 5 km mal 6 km großes Gebiet mit 122 MT-Stationen abdeckte, erzeugte ein hochauflösendes 3D-Resistivitätsmodell, das Tiefen von über 3.000 Metern erreicht. Die Ergebnisse zeigten mehrere ungetestete Niedrigresistivitätsanomalien, die über den derzeitigen 2,5 km mal 2,5 km großen phyllitischen hydrothermalen Alterationsbereich hinausreichen, was auf ein erhebliches Potenzial zur Ressourcenerweiterung hinweist.
Frühere Bohrergebnisse beinhalteten Abschnitte von 1.039,6 m mit 0,54% CuEq, darunter 310,1 m mit 0,71% CuEq. Das Unternehmen plant, diese Erkenntnisse zu nutzen, um sein Phase-III-Bohrprogramm zur Erweiterung der derzeit pit-begrenzten Inferred Mineral Resource Estimate zu steuern.
- Identification of six major resistivity anomalies indicating potential resource expansion
- Strong correlation between high-resistivity anomaly and existing Cu-Mo-Ag mineralization validates geological model
- Previous drilling showed significant mineralization with 1,039.6m of 0.54% CuEq
- Multiple untested anomalies suggest potential for new discoveries beyond current footprint
- Project located in world-class mining jurisdiction of Peru
- Extensive further drilling required to verify and explore the identified anomalies
- Deeper anomalies will require more expensive exploration efforts
Vancouver, 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 deposit which correlates well with the Elida porphyry intrusive complex intruding predominately potassic-altered volcano-sedimentary host-rocks. This high-resistivity anomaly is straddled by several large low-resistivity anomalies that correlate with intensely hydrothermally altered volcano-sedimentary host-rocks cut by narrow early to late mineral porphyry fingers and dykes. The Cu-Mo-Ag mineralization shows a strong correlation with the high-resistivity anomaly, with higher-grade Cu-mineralization occurring along the transition from high to low resistivity. This transition likely maps the emplacement of the Elida porphyry intrusive complex into the altered volcano-sedimentary host rocks.
A total of six (6) resistivity anomalies are highlighted as follows (Figures 1 and 2):
- MT Anomaly 1: an east-west trending high-resistivity anomaly correlating with the Elida late-mineral quartz monzonite porphyry stock and swarm of early to late mineral porphyry fingers and dykes intruding predominately potassic-altered volcano-sedimentary host-rocks. The Cu-Mo-Ag mineralization from existing drilling correlates well with this anomaly.
- MT Anomaly 2: A shallow low-resistivity anomaly correlating with known higher-grade Cu mineralization within the existing pit-constrained resource shell where it transitions into the high-resistivity anomaly at depth and extends northwest towards Zone 5 where it remains untested.
- MT Anomaly 3: A deeper untested low-resistivity anomaly extending to more than 1,000 m beneath the existing pit-shell and striking northwest towards Zone 5. This low-resistivity anomaly is situated roughly 100 m below drill hole ELID033 which intersected 1,039.6 m of
0.54% CuEq (0.39% Cu,0.036% Mo, 2.96 g/t Ag) including 310.1 m of0.71% CuEq (0.56% Cu,0.04% Mo, 3.49 g/t Ag) from 799.5 m to the end of hole at 1,109.6 m (see drilling results press release - January 22, 2025). This drill hole ended in higher-grade Cu-Mo-Ag mineralization suggesting the potential for continued mineralization at greater depth through the transition from higher to lower resistivity. - MT Anomaly 4: A low-resistivity anomaly sitting along the south side of the high-resistivity anomaly (MT Anomaly 1) and correlating with known Cu-Mo-Ag mineralization within the existing pit-constrained resource shell.
- MT Anomaly 5: A northwest trending low-resistivity anomaly correlating with known phyllic alteration overprinting potassic alteration and associated quartz+sulphide vein stockworking and leached capping recognized at surface in Zone 2.
- MT Anomaly 6: A large untested low-resistivity anomaly located outside the mapped 2.5 km by 2.5 km phyllic alteration footprint of the Elida deposit. Outcrop exposures are poor, but preliminary mapping suggests the phyllic alteration extends to the north into this area.
The 3D resistivity model enhances the Company's understanding of the structural controls and geometry of the Elida porphyry system including potential relationships between host rocks and porphyry intrusions, hydrothermal alteration zones and sulphide mineralization. The Company intends to use the 3D resistivity model to further identify and prioritize drill targets extending outside and below the current pit-constrained Inferred Mineral Resource Estimate at Zone 1 and to explore for potential new zones of Cu-Mo-Ag mineralization within the mapped 2.5 km by 2.5 km phyllic alteration footprint of the porphyry system. Several of these MT anomalies also extend beyond the mapped alteration footprint suggesting the potential for currently unrecognized extensions to the known system and/or additional porphyry centres on the property.
MT is a passive geophysical method that measures natural variations in the Earth's electromagnetic fields to detect changes in subsurface resistivity. In porphyry copper exploration, MT is particularly effective for imaging the large-scale geological structures that control porphyry emplacement as well as the associated hydrothermal alteration and Cu-sulfide mineralization as low-resistivity zones. Widely used throughout the Andes, MT has contributed to the discovery of several deep-seated porphyry systems that exceed 1,000 m depth.
The Company is preparing to resume the Phase-III drilling program under the current Ficha Técnica Ambiental ("FTA") environmental approval and drill permit. This program is designed to potentially expand the current pit-constrained Inferred Mineral Resource Estimate at Zone 1 and increase overall Cu-Mo-Ag grades. The first two drill holes, completed in late 2024, intersected broad intervals of Cu-Mo-Ag mineralization starting at bedrock surface within the existing pit-shell and extending to depths exceeding 1,000 m-highlighting strong potential for resource expansion.
The MT 3D resistivity model is expected to support and refine drill targets for the Phase-III drilling program.
Figure 1: MT resistivity anomalies from a level slice at 1,450 m (a.s.l) of the 3D resistivity model (ohm.m) along with the Elida pit-constrained Inferred Mineral Resource Estimate at Zone 1, the phyllic hydrothermal alteration footprint and target zones. The 2D section through the MT 3D inversion along line A-A' is shown in Figure 2.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7414/256872_f6fae2cfa439ebc3_001full.jpg
Figure 2: MT resistivity anomalies from a 2D section (looking NE) of the 3D resistivity model (ohm.m) with the Elida pit-constrained Inferred Mineral Resource Estimate at Zone 1 and drill hole traces with CuEq (%) grades. The location of this 2D section A-A' is shown in Figure 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7414/256872_f6fae2cfa439ebc3_002full.jpg
Notes:
(1) The CuEq grades are calculated using CuEq = Cu% x 0.85 + [Mo% x 5.3744] + [Ag g/t x 0.0060] utilizing metal prices of Cu = US
About Elida Porphyry Cu-Mo-Ag Deposit
The Elida porphyry Cu-Mo-Ag deposit occurs along the east side of a large block of 29 contiguous concessions totaling 19,749 hectares ("ha") that are
Elida is well located for future mine development and will benefit from nearby infrastructure and a skilled workforce. The project is situated at a moderate elevation between 1,500 m and 2,000 m with access to transportation routes to coastal shipping ports and power infrastructure, including a 45 mega-watt hydroelectric generation facility situated just 15 km from the Property.
The Elida porphyry complex is a Cu-Mo-Ag mineralized multiphase porphyry system with a 2.5 x 2.5 km hydrothermal alteration footprint at surface, associated with Eocene-aged quartz monzonite stocks, emplaced into the Cretaceous volcano-sedimentary sequence and a granodiorite member of the Peruvian Coastal Batholith. Elida is one of the first Eocene-age mineralized porphyry systems discovered in Perú.
Previous drilling by Element 29 intersected multiple, long intervals of porphyry Cu-Mo-Ag mineralization which has been traced to a depth of greater than 900 m where it remains open. Most of the Cu-Mo mineralization is carried in A-veins, B-veins and C-veins that were formed during the waning stages of potassic alteration, with a significant secondary amount of Cu mineralization carried in later E-veins from a late chlorite-epidote overprint.
Based on 14,361.4 m of diamond drilling, Element 29 completed an independent pit-constrained Inferred Mineral Resource Estimate which outlined 321.7 million tonnes of
Information on the Mineral Resource is in the technical report, available on the Company's website and on SEDAR+, titled "NI 43-101 Technical Report, Mineral Resource Estimation of the Elida Porphyry Copper Project in Perú" with an effective date of September 20, 2022 and prepared in accordance with Form 43-101F1 by Marc Jutras, PEng MASc, Principal, Mineral Resources, Ginto Consulting Inc., a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, who is independent of Element 29 Resources Inc.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Richard Osmond (P.Geo.), Element 29's President and CEO, who is the "Qualified Person" as defined by National Instrument 43-101 Standards for Disclosure for Mineral Projects.
About Element 29 Resources Inc.
Element 29 is an emerging junior resource company with a highly experienced management team and board focused on exploring and potentially developing Tier-1 copper deposits in Perú, one of the lowest-cost, lowest-risk mining jurisdictions globally.
The Company's principal objective is to explore and significantly expand its Elida Porphyry Cu-Mo-Ag Deposit in west-central Perú. Alongside Elida, the Company has three early stage, highly prospective porphyry Cu projects in Perú for more than 25,000 ha of titled concession. These include the Flor de Cobre porphyry Cu-Mo prospect situated in the Southern Perú Copper Belt, just 26 km from the Cerro Verde copper mine (Freeport-Buenaventura)1 as well as the Paka and Pahuay porphyry Cu skarn prospects related to potential tertiary-aged, mineralized porphyry complexes intruding along the eastern margin of the Peruvian Coastal Batholith.
All projects are well located for future mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.
More information is available at www.e29copper.com.
For more information:
Richard Osmond, P.Geo.
CEO and Director
1-888-246-7881
info@e29copper.com
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, "Forward-looking Statements"). Any statements that are contained in this press release that are not statements of historical fact may be deemed to be Forward-looking Statements. Forward-looking Statements are frequently, but not always, identified by words such as "may", "will", "intends", "proposed", "believes", "continues", "plans", "expects" or similar expressions (or the negative and grammatical variations of any of these terms). Forward-looking Statements in this press release include, but are not limited to, statements with respect to the Company's resource properties and future capital requirements; and the Company's plans, focus and objectives.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. Although Element 29's management considers these beliefs and assumptions reasonable based on currently available information, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking Statements necessarily involve known and unknown risks, and important factors, among others, that could cause actual results to differ materially from the Company's expectations include: uncertainties related to the Company's ability to access investors for the Financing; the timeliness and success of regulatory approvals; fluctuations in copper and other commodity prices; uncertainties inherent in the exploration of mineral properties; risks associated with general economic conditions; changes in legislation, income tax and regulatory matters; currency and interest rate fluctuations; inability to access sufficient capital from internal and external sources; and other risk factors set forth in the Company's prospectus under the heading "Risk Factors".
Readers are further cautioned not to place undue reliance on Forward-looking Statements as there can be no assurances that the plans, intentions or expectations upon which they are placed will occur. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Element 29 to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
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FAQ
What did Element 29 Resources (EMTRF) discover in their recent MT survey at Elida?
What were the significant drilling results mentioned in Element 29's Elida project?
How large is the MT survey area at Element 29's Elida project?
What are Element 29's next steps for the Elida project?
