{kanada_flagge}That’s the way to do it! Copper explorer Element 29 Resources (TSXV ECU / WKN A2QKKG) presents extremely strong drill results with the very first drill holes to confirm the historical copper resources at its Flor de Cobre project in southern Peru!
For example, hole FDC001 encountered a high 0.77% copper over the massive distance of 349 meters, with 1.42% copper measured in an enriched sulfide zone 123 meters thick – followed by 226 meters of 0.42% copper in the underlying primary sulfide zone.
Hole FDC002 also more than holds its own with 378.55 metres of 0.50% copper, including 130.7 metres of 0.90% copper in the enrichment zone, followed by 247.85 metres of 0.30% copper in the deeper, primary sulphide zone.
Steve Stakiw, newly minted CEO of Element 29, understandably, is “very encouraged” as these grades in these first two holes are already very similar to past grades in the historical drilling “mirrored” by the new holes. In addition, the company executive said, the zones of mineralization are found in very similar positions in the drill sequence as in the historical data. In addition, Stakiw adds, the primary mineralization extends to depth beyond the limits of historical drilling. This, of course, further increases the exploration potential of the primary mineralization!
Conclusion: Element 29 is off to an excellent start in achieving the target proclaimed for the current drill program. The company is looking to confirm an existing historical resource estimate at Flor de Cobre of 57.4 million tonnes of ore at an average of 0.67% copper, associated with a supergene enrichment horizon that has formed on the Candelaria porphyry. In addition, primary copper sulphide mineralization below the enrichment zone is being targeted and tested to depths in excess of 500 meters.
If Element 29 Resources can replicate the success of the first two holes during the remainder of the drill campaign, the Company should achieve the goal of a first resource estimate for Flor de Cobre that meets modern standards comparatively quickly. In addition the potential for mineralization that significantly exceeds historical targets should become obvious, pretty soon. We are very excited and recall that the Company has a second iron in the fire with the Elida project, which has also been successfully drilled not long ago.
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