Royal Helium Ltd. has completed the first phase of exploration at its Climax property in southwest Saskatchewan, Canada, and identified drill targets for primary helium production.
Royal has over 300,000 acres of prospective helium land in south western and south-central Saskatchewan, and intends to become a leading North American producer of helium.
Steve Halabura, Royal’s VP Exploration said, “The results of the 2D seismic programme 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 four-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.”
In June, Royal purchased 77.6 line-kilometres of 2D seismic at its Climax land holdings and contracted RPS Group of Calgary 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 four-way structural closure.
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