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Element 29 reports maiden resources at its Elida copper deposit in Peru

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Element29 Element 29 reports maiden resources at its Elida copper deposit in Peru

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According to the company’s statement, the project’s pit-constrained, inferred mineral resource estimate amounted to 321.7 million tonnes grading 0.32% copper for a total of 2.24 billion pounds of contained copper, plus 0.029% molybdenum and 2.6 g/t silver, using a 0.20% copper cut-off grade and low modeled strip ratio of 0.74:1 .

Importantly, Element 29 noted that significant molybdenum and silver grades have the potential to enhance the economics of the deposit, subject to metallurgical test work.

 

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