en.Wedoany.com Reported - The mineral exploration project Élida, located 86 kilometers from Barranca north of Lima, Peru, continues to solidify its position as a key focus of mineral exploration in Peru after cumulative drilling exceeded 28,000 meters. Exploration work has identified mineralized zones with grades including 0.58% copper equivalent, 0.49% copper, 0.04% molybdenum, and 4.65 g/t silver.
During proEXPLO 2026, Manuel Montoya, Vice President of South American Exploration for Globe Trotters Resources Inc., presented an update on the project's progress and highlighted that further studies indicate the existence of higher-purity mineralized zones. This context has prompted the porphyry cluster to extend 6 kilometers northward into an unexplored area, opening new opportunities to expand the system's potential. proEXPLO 2026 is Latin America's most important mineral exploration congress, held this edition from May 4 to 6, 2026, at the Jockey Exhibition Center in Lima, Peru.
The Élida project was discovered in 2013 and has since consistently demonstrated conditions favorable for conducting exploration activities aimed at more precisely determining its production potential. The presence of copper, molybdenum, and silver reinforces the interest in advancing new studies, especially against the backdrop of strong demand for strategic minerals driven by the energy transition and industrial development. The combination of copper, molybdenum, and silver in the mineralized zone is typical of this type of porphyry deposit.
Montoya also emphasized the project's strategic location, near the Port of Antamina and the recently inaugurated Port of Chancay. "The project is located near the Port of Antamina and the recently inaugurated Port of Chancay, which provides logistical convenience and availability of human resources," the expert stated. The Port of Antamina is the dedicated export port for Peru's largest copper mine, the Antamina mine, owned by Compañía Minera Antamina, and is primarily used for exporting copper and zinc concentrates.
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