Element 29 Receives DIA Environmental Certification Advancing Drilling Permit Application at Paka Porphyry-Skarn Cu-Zn-(Au-Ag) Project, Peru
Permitting Milestones and Deep High-Grade Intercepts De-Risk Tier-1 Copper Ambitions in Peru
The most recent news (February 27, 2026) announces that Element 29 has received the Declaración de Impacto Ambiental (DIA) environmental certification for its Paka project in southern Peru. This is a prerequisite for a drilling permit. Simultaneously, the company provided an update on its flagship Elida project, where it has completed 5 holes (4,700m) of a 7,000m program. This follows the January 26, 2026, blockbuster result from hole ELID037, which returned 1,489m of 0.58% CuEq, including 401m of 0.71% CuEq. The company is currently transitioning from its existing FTA permit (20 platforms) to a new PIA permit (40 platforms) to expand the drilling footprint.
The news is Routine - Positive. While the DIA for Paka is a necessary regulatory step, it is an incremental advancement for a secondary project. The market's primary focus remains on Elida. The impact of the Elida update is a confirmation of steady operational execution; the company is meeting its timeline to finish the current 7,000m program by the end of Q1 2026. The January results (ELID037) were the true "Material - Positive" event, proving that mineralization at Elida is not just broad but exceptionally deep (over 1.4km) and contains higher-grade cores (0.7%+ CuEq) that exceed the current inferred resource grade of 0.32% Cu.
Element 29 is a Peru-focused copper explorer. Its flagship is the Elida Porphyry Cu-Mo-Ag Project. - Current Resource: 321.7 Mt @ 0.32% Cu (Inferred), based on only ~14,000m of drilling. - Infrastructure: Low elevation (1,500m), 75km from the coast, near a 45MW hydro plant and deep-water ports. - Upside: Recent drilling has doubled the known vertical extent of mineralization to 1,500m and identified a potential high-grade core.