Announcement Date: 2021-11-15
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Element 29 Resources Inc.
Project name: Elida
Location: Peru
Commodities: Silver,Copper,Molybdenum,Arsenic
Highlight: Drilling results incl. 556.1m @ 0.36% Cu, 0.024% Mo, 2.4ppm Ag, 100.77ppm As from 207.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, Canada, November 15, 2021 – Element 29 Resources Inc. (“Element 29” or the “Company”) (TSX-V: ECU | OTCQB: EMTRF) is pleased to announce results from the next two drill holes of a sevenhole, 4,500 metre (“m”) drilling program in progress at its 100% owned Elida Copper Project (“Elida” or “the Project”) located in central Perú (Figure 1). Richard Osmond, Chairman and Interim CEO, comments, “Following the results of the first two drill holes at Elida, we are very pleased with the results from holes ELID021 and ELID022. These holes have long, continuous mineralized intervals with attractive copper and molybdenum grades. ELID021 has traced the mineralization to a depth of over 700 m below surface and drilling has tested the lateral continuity over a strike-length of 300 m on the east side of Target 1. It is very encouraging to see the drilling confirm the geometry of the mineralized zone as previously inferred from sparse historical drilling and continue to show low levels of arsenic. The mineralized zone remains open at depth beneath these latest holes and continues to support our belief that Elida has the potential to be a large-scale copper project, which will be enhanced by its low elevation and proximity to infrastructure.“ Click HERE to listen to Richard Osmond discuss the highlights of today’s press release.
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