Element 29: 2 Advanced Copper Exploration Assets
Developing 2 significant advanced exploration assets located in Peru
Element 29 Resources is a new copper company with a highly experienced management team and board. Further, E29 is focused on Elida and Flor de Cobre – two new high-quality copper projects in Peru. The projects sit at lower elevations in Peru (<2,700 meters), close to the coast, with good access to roads and power lines, as well as with strong community support.
Both projects have been drill-tested, with consistent and continuous intercepts ranging from 200 to 500 meters at economic grades, and no deleterious elements.
“Mining makes up a large part of the economy in Peru. It’s a large copper producer already, so it is an attractive area to develop copper assets. Not only do we have great copper assets, we have two,” says President and CEO, Brian Booth.
Flor de Cobre
Flor de Cobre is a copper porphyry located in the Southern Peru Copper Belt, 45 km south of Arequipa. Further, Southern Peru Copper Belt is a Paleocene age magmatic arc that hosts some of the world’s largest copper-molybdenum porphyry deposits and mines.
E29’s project also benefits from a historic resource of 57 million tons at .67% Cu, with a lot of room for expansion and an additional large target on the property called Atravezado. The company plans to move this forward to engineering over the next two years.
E29’s second high-quality project in Peru is Elida, a brand new porphyry discovery. The Elida property is interpreted as a porphyry copper-molybdenum-silver system, with characteristics resembling those of other porphyry deposits worldwide. Additionally, the company plans to start in 2021 with diamond drilling and those results will lead to a new resource.
“18 holes have already been completed on the property and there are 6 of which had significant copper, molybdenum and silver grades,” says Booth.
For more information on Element 29 Resources Inc. (TSX.V: ECU) please fill out the form below.