The First Helium team is making “significant progress” om evaluating the exploration company’s approximately 880,000 acres of prospective helium lands in Southern Alberta.
Providing an update on Thursday (28th Oct), First Helium said the acreage is currently under a seismic review and option agreement with a large landholder in the region.
It is believed that, in the fourth quarter (2021), all land with significant 2D and 3D seismic data coverage will be continued under the terms of an option agreement for further evaluation.
First Helium management expects any identified drilling locations to be ready for drilling in the first half of 2022. To date, over 125,000 acres of land have been prioritised.
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