Royal Helium Completes First Phase at its Climax Helium Exploration Project and Identifies Drill Targets
04 9월 2019 - 11:44PM
Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces
that it has completed the first phase of exploration at its Climax
property in southwest Saskatchewan which has identified seven (7)
drill targets for primary helium production.
In early 2019, the Company completed
geotechnical studies utilizing current and past-producing helium
well data, seismic, government data, geological data, and mapping.
The studies specifically target known fields and formations that
are currently producing or have produced primary helium in
Saskatchewan.
In June of this year, Royal Helium purchased
77.6 line-kilometers of 2D seismic at its Climax land holdings and
contracted RPS Group of Calgary (“RPS”) to reprocess and evaluate
the data. After reprocessing, the data review identified the
deeper, basement-rooted structures that are known to be prospective
for helium. RPS’s work resulted in delineating a basement
structure of approximately 3,094 hectares of 4-way structural
closure – i.e. the structure necessary to trap and contain the
helium that was formed deeper in the Precambrian basement.
Steve Halabura, Royal’s VP Exploration states,
“The results of the 2D seismic program have established a proper
understanding in the Climax area of the deeper basement structures
known to be prospective for helium. Royal’s 2D seismic work
has demonstrated the presence of basement structures with 4-way
structural closure underlying our Climax lands. This provides
the ideal structural setting to trap the deeper originating helium
and confirms the company’s plan to drill at Climax.”
Helium is created by the natural decay of
radioactive elements such as uranium and thorium, deep beneath the
earth’s surface. Saskatchewan is endowed with some of the
world’s highest concentrations of uranium and therefore one of the
few places on the earth that produces primary helium. Most of
the world’s existing helium is produced as a by-product of natural
gas production in lower grade quantities.
Further, Royal Helium intends to continue the
same program completed at Climax at its other helium properties in
southwestern Saskatchewan including Swift Current, Shaunavon,
Cadillac, Val Marie and the remainder of Climax. Initial geological
and seismic data review show that these areas are also highly
prospective for similar basement formations and structural traps
for helium.
Andrew Davidson, President and CEO states, “This
program has proven to be an efficient and cost-effective approach
to evaluate our existing land holdings and generate prospective
drill targets. The Company fully intends to use this approach
in the upcoming programs throughout our extensive land holdings to
create a large inventory of targets for drill testing.
Although Helium is not yet well known to the investment community,
its rarity, dwindling supply and increased demand is certainly
garnering more interest lately, especially from the high-tech
sectors. We intend to drive shareholder value by being at the
forefront of this high-value commodity and be a leading North
American helium producer.”
Royal Helium Ltd.
Royal has over 300,000 acres of prospective
helium land in south western and south-central Saskatchewan. All of
Royals’ lands are in close vicinity to highways, roads, cities and
importantly, close to existing oil and gas infrastructure, with a
significant portion of its land in close proximity to existing
helium producing locations. With stable, rising prices and limited,
non-renewable sources for helium worldwide, Royal intends to become
a leading North American producer of this high value commodity.
For more information, please contact Andrew
Davidson, the Chairman, President and CEO of the Company.
Andrew Davidson, CEORoyal Helium Ltd.1 (306)
653-2692davidson@fnr.ca
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that
may be deemed to be “forward-looking statements”. All
statements in this release, other than statements of historical
facts, that address events or developments that management of the
Company expects, are forward-looking statements. Although
management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and
actual results or developments may differ materially from those in
the forward-looking statements. The Company undertakes no
obligation to update these forward-looking statements if
management’s beliefs, estimates or opinions, or other factors,
should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
Royal Helium (TSXV:RHC)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Royal Helium (TSXV:RHC)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024