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Element 29 Resources Inc. reports news tied to mineral exploration and project advancement in Perú, led by the Elida Porphyry Copper-Molybdenum-Silver Deposit in central Perú. Recurring updates cover diamond drilling results, mineralized intercepts, resource modelling, metallurgical test work, environmental certification and exploration permitting for the Elida porphyry Cu-Mo-Ag system.
The company also reports corporate and capital-structure developments, including incentive grants, investor relations appointments, operating and financial results, and updates on its broader Peruvian copper portfolio, which includes Flor de Cobre and the Paka and Pahuay porphyry Cu-skarn prospects.
Element 29 Resources (OTCQB: EMTRF) reported drill results from the Elida porphyry Cu-Mo-Ag deposit in Peru on January 26, 2026. The standout result is ELID037: 1,489.0 m @ 0.58% CuEq from near surface to 1,552 m EOH, including 1,152.0 m @ 0.64% CuEq starting at 400 m and higher-grade domains such as 401.0 m @ 0.71% CuEq and 93.8 m @ 0.87% CuEq near EOH. Drilling extends mineralization well beyond the current pit shell and correlates with a large low-resistivity MT anomaly interpreted as a potential high-grade copper core. Two rigs continue drilling; remaining 2,300 m planned for Q1 2026 with an additional 5,000 m planned for H1 2026.
Element 29 (OTCQB: EMTRF) received a DIA environmental certification from the Peruvian Ministerio de Energía y Minas, supporting its application for a new Programa de Inicio de Actividades (PIA) drilling permit at the Elida porphyry Cu-Mo-Ag deposit in central Perú.
The DIA is valid for up to five years and outlines mitigation for up to 40 drilling platforms (current FTA allowed 20). Element 29 has completed > 4,600 metres of a planned 7,000-metre diamond drilling program with assay results pending. The company executed a five-year Access Agreement with the host community on April 30, 2025, and is preparing a Collective Impacts Report for prior consultation.
Element 29 (OTCQB: EMTRF) mobilized a third diamond drill rig to its Elida Cu-Mo-Ag deposit in Perú to accelerate a up-to-7,000 m 2025 drill program, targeting resource expansion beyond the current pit shell and testing depths to >1,000 m. Drills currently report ELID037 at 834 m and ELID036 at 470 m, while ELID038 is newly collared. Core assays are pending. The company also received CAD$4,601,313 from exercise of 18,405,253 warrants at $0.25 (≈99.2% of warrants), with proceeds to fund drilling and working capital.
Element 29 Resources (OTCQB: EMTRF) has initiated a significant drilling program at its Elida Porphyry Copper-Molybdenum-Silver Deposit in central Peru. The campaign includes up to 7,000 metres of diamond drilling aimed at expanding the current pit-constrained inferred mineral resource and enhancing overall Cu-Mo-Ag grades.
The company is operating two drill rigs: ELID033 on the northwest side, which previously intersected 1,039.6m of 0.54% CuEq, and ELID036 on the southwest side. The program targets potential resource expansion beyond the current pit shell to depths exceeding 1,000m, supported by a 3D resistivity model from recent magnetotellurics surveys that identified several high-priority untested targets.
Element 29 Resources (OTCQB:EMTRF) has announced two key corporate updates. The company has engaged Port Guichon Strategic Advisory (PGSA) to enhance investor communications and outreach programs at a rate of C$4,000 per month. PGSA, led by Kevin Guichon, will leverage its established relationships with investment professionals to increase awareness about Element 29.
Additionally, the company has granted 100,000 stock options to directors, officers, employees, and consultants, exercisable at $0.54 per share for a 5-year period, subject to regulatory acceptance.
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 (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.