Irwin Olian is hopeful of striking gold again when Desert Mountain Energy, starts drilling for helium in Arizona’s Holbrook Basin in early 2019.
Olian is Chairman and CEO of the Canada-based company involved in exploration of the “Saudi Arabia of Helium”, with the aim to become a convenient, alternative source of the in-demand gas for US customers.
The Holbrook Basin has several of the world’s richest producing helium gas fields, including the Pinta Dome and the Navajo Springs. Concentrations of helium gas range up to 8% to 10%, compared to the industry benchmark of 0.3% to 1%.
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