Elida is a large, 19,210 hectare property, containing a copper-molybdenum porphyry cluster, located 170 km northwest of Lima at a low elevation, and near the central coast of Peru.
The Elida property is interpreted as a porphyry copper-molybdenum-silver system, with characteristics resembling those of other porphyry deposits worldwide.
First pass drilling at Elida by Lundin Mining in 2014-2015 consisted of 18 core holes (9,880m) and outlined part of a large system with copper and moly mineralization at one porphyry center. No additional drilling has been done on the property since.
Four additional high-confidence porphyry center targets are untested.