Element 29 Resources (TSXV: ECU; US-OTC: EMTRF) has drilled the longest mineralized interval reported to date at its Elida copper project in Peru, according to The Northern Miner.

The company said hole ELID035 returned 1,534.6 metres grading 0.34% copper and 0.064% molybdenum. The result extends the project’s porphyry system well below the current resource, according to the report. In porphyry copper exploration, long mineralized intercepts can be important because these deposits are typically large, lower-grade systems where continuity and scale are key inputs for future resource updates and mine-planning work.

Elida is a copper project in Peru, a major global copper-producing country. Element 29 Resources is listed on the TSX Venture Exchange under the ticker ECU and trades on the U.S. OTC market under EMTRF. Copper and molybdenum are commonly associated in porphyry systems, with molybdenum often evaluated as a potential byproduct where grades and metallurgy support it.