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Element 29 Resources ( (TSE:ECU) ) has provided an update.
Element 29 Resources Inc. announced promising results from its Elida Phase-III diamond drill program, revealing significant copper mineralization intervals. These findings, with high copper equivalent grades, suggest potential for further resource expansion at depth. The drill program aims to enhance the existing mineral resource estimate and potentially classify Elida as a Tier-1 copper deposit, signaling a positive impact on the company’s resource base and market positioning.
More about Element 29 Resources
Element 29 Resources Inc. is a company operating in the mining industry, primarily focusing on the exploration and development of copper, molybdenum, and silver deposits. The company is particularly focused on expanding its resource base at the Elida Porphyry Copper-Molybdenum-Silver Deposit in central Peru.
YTD Price Performance: -11.67%
Average Trading Volume: 91,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$62.77M
Find detailed analytics on ECU stock on TipRanks’ Stock Analysis page.
