Element 29 Resources - Reviewing 2024 and a Look Ahead to 2025
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) has shared key developments from 2024 and plans for 2025. The company underwent significant leadership changes, with Richard Osmond transitioning to President and CEO, and Manuel Montoya joining as Chief Technical Officer. The company successfully raised $3.26 million from shareholders.
In 2024, Element 29 completed two deep diamond drill holes at the Elida Porphyry Cu-Mo-Ag Deposit, both intersecting over 950 metres of porphyry alteration. Drill hole ELID033 reached 1,109.6 metres depth, with assay results pending.
For 2025, the company plans to: restart the Elida Phase III drill program in Q2 with a 5,000-metre campaign; conduct an AMT geophysical survey in Q1; expand drill permits at Elida; secure permits for Flor de Cobre drilling; and initiate exploration activities at the Paka project, including permit applications and geophysical surveys.
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) ha condiviso sviluppi chiave del 2024 e piani per il 2025. L'azienda ha subito significativi cambiamenti dirigenziali, con Richard Osmond che è passato a Presidente e CEO, e Manuel Montoya che si unisce come Chief Technical Officer. L'azienda ha rizzato con successo $3,26 milioni dai propri azionisti.
Nel 2024, Element 29 ha completato due fori di perforazione diamantata profonda presso il Deposito di Porfirite Cu-Mo-Ag Elida, entrambi intersecando oltre 950 metri di alterazione porfirica. Il foro di perforazione ELID033 ha raggiunto una profondità di 1.109,6 metri, con risultati delle analisi in attesa.
Per il 2025, l'azienda prevede di: riprendere il programma di perforazione della Fase III di Elida nel secondo trimestre con una campagna di 5.000 metri; condurre un'indagine geofisica AMT nel primo trimestre; espandere i permessi di perforazione a Elida; ottenere permessi per la perforazione di Flor de Cobre; e avviare attività di esplorazione presso il progetto Paka, inclusa la presentazione di domande di permesso e indagini geofisiche.
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) ha compartido desarrollos clave de 2024 y planes para 2025. La empresa experimentó cambios significativos en el liderazgo, con Richard Osmond transitando a Presidente y CEO, y Manuel Montoya uniéndose como Director Técnico. La empresa logró recaudar $3,26 millones de los accionistas.
En 2024, Element 29 completó dos pozos de perforación de diamante profundos en el Depósito de Porfirita Cu-Mo-Ag Elida, ambos intersectando más de 950 metros de alteración porfirica. El pozo de perforación ELID033 alcanzó una profundidad de 1.109,6 metros, con resultados de análisis pendientes.
Para 2025, la empresa planea: reiniciar el programa de perforación Fase III de Elida en el segundo trimestre con una campaña de 5.000 metros; realizar una encuesta geofísica AMT en el primer trimestre; expandir los permisos de perforación en Elida; asegurar permisos para la perforación de Flor de Cobre; e iniciar actividades de exploración en el proyecto Paka, incluyendo solicitudes de permisos y encuestas geofísicas.
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF)는 2024년 주요 개발 사항과 2025년 계획을 발표했습니다. 이 회사는 리더십에 중대한 변화를 겪었으며, 리처드 오스몬드가 사장 및 CEO로 옮기고 마누엘 몬토야가 최고 기술 책임자로 합류했습니다. 이 회사는 $3.26백만을 주주로부터 성공적으로 모금했습니다.
2024년 동안 Element 29는 엘리다 포르피리 구리-몰리브데넘-은 매장지에서 두 개의 깊은 다이아몬드 시추공을 완료하고, 두 공 모두 950미터 이상의 포르피리 변화를 교차했습니다. 시추공 ELID033은 1,109.6미터의 깊이에 도달했으며, 분석 결과는 대기 중입니다.
2025년을 위해 이 회사는 다음과 같은 계획을 세우고 있습니다: 두 번째 분기에 5,000미터 캠페인으로 엘리다 3단계 시추 프로그램을 재개; 첫 번째 분기에 AMT 지구물리학 조사를 실시; 엘리다 지역에서 시추 허가를 확장; 플로르 데 코브레 시추를 위한 허가 확보; 그리고 파카 프로젝트에서 허가 신청 및 지구물리학 조사를 포함한 탐사 활동을 시작할 것입니다.
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) a partagé des développements clés de 2024 et des plans pour 2025. L’entreprise a connu des changements significatifs dans sa direction, avec Richard Osmond devenant Président et CEO, et Manuel Montoya rejoignant comme Directeur Technique. L'entreprise a réussi à lever 3,26 millions de dollars auprès de ses actionnaires.
En 2024, Element 29 a complété deux forages diamantés profonds au sein du Dépôt de Porphyre Cu-Mo-Ag Elida, les deux forages ayant intersecté plus de 950 mètres de modification porphyrique. Le forage ELID033 a atteint une profondeur de 1.109,6 mètres, avec des résultats d'analyse en attente.
Pour 2025, l'entreprise prévoit de : relancer le programme de forage Elida Phase III au deuxième trimestre avec une campagne de 5.000 mètres; réaliser une enquête géophysique AMT au premier trimestre; étendre les permis de forage à Elida; obtenir des permis pour le forage de Flor de Cobre; et initier des activités d'exploration sur le projet Paka, y compris des demandes de permis et des enquêtes géophysiques.
Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) hat wichtige Entwicklungen aus dem Jahr 2024 und Pläne für 2025 mitgeteilt. Das Unternehmen erlebte erhebliche Veränderungen in der Unternehmensführung, wobei Richard Osmond zum Präsidenten und CEO wechselte und Manuel Montoya als Chief Technical Officer hinzukam. Das Unternehmen konnte erfolgreich 3,26 Millionen Dollar von den Aktionären aufbringen.
Im Jahr 2024 schloss Element 29 zwei tiefe Diamantbohrlöcher im Elida Porphyry Cu-Mo-Ag Lagerstätte, die beide über 950 Meter porphyrische Alteration durchbohrten. Das Bohrloch ELID033 erreichte eine Tiefe von 1.109,6 Metern, die Analyseergebnisse stehen noch aus.
Für 2025 plant das Unternehmen: das Bohrprogramm Elida Phase III im zweiten Quartal mit einer Kampagne von 5.000 Metern wieder aufzunehmen; eine AMT-geophysikalische Untersuchung im ersten Quartal durchzuführen; die Bohrgenehmigungen in Elida zu erweitern; Genehmigungen für Bohrungen in Flor de Cobre zu sichern; und mit Erkundungsaktivitäten im Paka-Projekt zu beginnen, einschließlich Genehmigungsanträge und geophysikalische Untersuchungen.
- Successful fundraising of $3.26 million from shareholders
- Completion of two deep diamond drill holes with over 950 meters of porphyry alteration
- Planned expansion of drill permits from 20 to 40 platforms at Elida
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to provide the following letter to shareholders.
Fellow Shareholders,
In 2024, Element 29 Resources celebrated several significant milestones, highlighted by a major leadership transition. As the company's founder and former Chair, I, Richard Osmond, stepped into the President and CEO role. We also welcomed Manuel Montoya as Chief Technical Officer, who brings extensive experience in exploring porphyry copper deposits in Perú. Additionally, our Board of Directors was revitalized with experienced professionals tasked with guiding the Company in a new direction.
With a strong belief in our strategy, we raised
Looking ahead to 2025, beyond the anticipated drill results, we have an active exploration program lined up in Perú, including:
- Restarting the Elida Phase III drill program in Q2 to complete the remaining 5,000 metre diamond drill program, aimed at expanding Cu-Mo-Ag mineralization beyond the current pit-constrained inferred mineral resource estimate.
- Conducting an audio-magnetotellurics (AMT) geophysical survey in late Q1 at Elida to further delineate Cu-sulphide mineralization within the large porphyry hydrothermal alteration footprint, to depths exceeding 1,000 metres.
- Completion of a DIA environmental approval at Elida to expand the drill permit from 20 platforms to 40 platforms.
- Securing final drill permit approval for the Flor de Cobre drilling campaign in Q2 to test the Atravesado porphyry Cu-Mo target.
- Submitting a drill permit application for the Paka project in Q1, along with magnetometer and IP-resistivity geophysical surveys in Q3.
With so many upcoming catalysts, feel free to stop by the AMEBC Roundup 2025 where Manuel and I will be happy to discuss our exciting near-term opportunities. We can be found in the Exhibition Hall and Core Shack on January 22 and 23. If you can't meet us there, we'll also be at PDAC 2025 from March 2 to 5.
For any questions or to stay updated, we're always available at 1 888 246 7881, by email (info@e29copper.com), or visit our website.
We wish you all a safe and prosperous 2025.
Sincerely,
Richard Osmond
President, CEO & Director
Element 29 Resources Inc.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Richard Osmond (P.Geo.), Element 29's President and CEO, who is the "Qualified Person" as defined by National Instrument 43-101 Standards for Disclosure for Mineral Projects.
About Element 29 Resources Inc.
Element 29 is an emerging junior resource company with a highly experienced management team and board focused on exploring and potentially developing Tier-1 copper deposits in Perú, one of the lowest-cost, lowest-risk mining jurisdictions globally.
The Company's principal objective is to explore and potentially develop its Elida Porphyry Copper Deposit in west-central Perú which has an initial inferred Mineral Resource Estimate of 321.7 million tonnes grading
Alongside Elida, the Company has three (3) early stage, highly prospective porphyry Cu projects in Perú for more than 25,000 ha of titled concession. These include the Flor de Cobre porphyry Cu-Mo prospect situated in the Southern Perú Copper Belt, just 26 km from the Cerro Verde copper mine (Freeport-Buenaventura) as well as the Paka and Pahuay porphyry Cu skarn prospects related to potential tertiary-aged, mineralized porphyry complexes intruding along the eastern margin of the Peruvian Coastal Batholith.
All projects are well located for future mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.
More information is available at www.e29copper.com.
For more information:
Richard Osmond
CEO and Director
1-888-246-7881
info@e29copper.com
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, "Forward-looking Statements"). Any statements that are contained in this press release that are not statements of historical fact may be deemed to be Forward-looking Statements. Forward-looking Statements are frequently, but not always, identified by words such as "may", "will", "intends", "proposed", "believes", "continues", "plans", "expects" or similar expressions (or the negative and grammatical variations of any of these terms). Forward-looking Statements in this press release include, but are not limited to, statements with respect to the Company's resource properties and future capital requirements; and the Company's plans, focus and objectives.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. Although Element 29's management considers these beliefs and assumptions reasonable based on currently available information, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking Statements necessarily involve known and unknown risks, and important factors, among others, that could cause actual results to differ materially from the Company's expectations include: uncertainties related to the Company's ability to access investors for the Financing; the timeliness and success of regulatory approvals; fluctuations in copper and other commodity prices; uncertainties inherent in the exploration of mineral properties; risks associated with general economic conditions; changes in legislation, income tax and regulatory matters; currency and interest rate fluctuations; inability to access sufficient capital from internal and external sources; and other risk factors set forth in the Company's prospectus under the heading "Risk Factors".
Readers are further cautioned not to place undue reliance on Forward-looking Statements as there can be no assurances that the plans, intentions or expectations upon which they are placed will occur. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Element 29 to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement. 1This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237069
FAQ
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