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FINWIRES

Element 29 Resources Gets Upgraded Drill Permit for Peru Project

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Element 29 Resources (ECU.V) received an upgraded drill permit from Peruvian authorities for the diamond drilling program at its Elida Porphyry Copper-Molybdenum-Silver deposit in central Peru, it said on Tuesday.

The permit issued under and environmental certification allows up to 40 drill platforms to support resource growth and exploration, it said. Two rigs are currently operating and more than 4,885 meters has been completed in the planned 10,000-meter program, said CEO Richard Osmond.

Shares of the company were little changed at C$1.70 shorty after the Tuesday open on the TSX Venture Exchange.

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