(06-01-2025) Element 29 Resources Inc. (TSX-V | BVL: ECU; OTCQB: EMTRF), Vancouver, a junior exploration company focused on copper (molybdenum) in Peru, announced the restart of its Phase III diamond drilling program at the Elida porphyry Cu-Mo-Ag project in central Peru for early Q2 2025, after the rainy season.
The company has completed the first two drill holes of this program, totaling 2,250 meters, which intercepted “strong hydrothermal alteration associated with porphyry systems from the bedrock surface to depths exceeding 950 meters,” according to Richard Osmond, the company’s President and CEO. He added that this indicates potential copper, molybdenum, and silver mineralization.
“The drill holes remain open for future campaigns,” Osmond said, adding that the company eagerly awaits geochemical assay results in the coming weeks.