CALGARY, ALBERTA, March 18, 2021 – Global Helium Corp. (CSE: HECO) (the “Company” or “Global”) is pleased to announce that it has commenced shooting of 10 miles of 2D seismic on two of its exploration permits at Vermillion Hills in southern Saskatchewan.
Global is the sole owner of 72,000 hectares (178,000 acres) of prospective helium permits in the heart of Saskatchewan’s helium runway. The seismic program is currently focused on two of the Company’s helium exploration permits in the Vermillion Hills area located 150 kilometers northeast of the city of Swift Current.
The Company’s permits are in the famed Saskatchewan “helium fairway”, home of the majority of Canada’s helium production and where widely published data has identified the presence of helium for decades. To date, helium has been tested and produced in concentrations ranging from 0.6% to over 2% and associated with high concentrations of nitrogen throughout the fairway. The original helium discoveries were made pre-1960 as early explorers for oil and natural gas in Saskatchewan found “inert, non-flammable or non-combustible gas” containing helium and nitrogen.
The helium fairway extends into southern Alberta and northern Montana, which are also known helium areas and are the center of active helium exploration and development today. A number of companies, including North American Helium Inc. are actively exploring for, developing, or producing helium.
The Company previously acquired and processed legacy 2D seismic data over its permits which identified a number of structures. One such structure (the Lawson Structure) shows four-way closure over 6,400 acres and is a potential structural trap for helium. This feature has been known for decades and was drilled in 1944 by Imperial Oil as they were exploring for hydrocarbons. The well terminated into a shale at the top of the Deadwood Formation. Due to the age of the well, limited information is available; however, review of the available well data showed the well was flow tested and recovered “non-combustible gas”. Seismic attributes indicate possible reservoir rock in the lower part of the Deadwood Formation which is our primary target.
A second structure (the Elbow Structure) was also drilled by Imperial Oil in 1945 in their quest for hydrocarbons. Based on the well data and review of available seismic, management’s analysis indicates a significant structure at depth. There is also a potential third structure on this permit that Global expects to better define with the new seismic data.
Wes Siemens, President of Global stated, “We have mobilized a seismic crew to shoot two 2D seismic lines over the Lawson and Elbow structures and to identify a potential third structure. Once the data is interpreted and integrated with our geologic model, we will be able to better define the structure geometry and select our drilling locations.”
The Company is aggressively increasing its land position in Saskatchewan and looking to establish a number of core areas within Saskatchewan’s helium fairway. Global is actively looking for opportunities in other areas and aims to become one of the largest and most prolific landholders and helium producers in North America.
ON BEHALF OF THE BOARD OF GLOBAL HELIUM CORPORATION
“Wes Siemens”
Wes Siemens, P.Eng.
President
For more information:
Global Helium Investor Relations
Tel: +1 877 816 8163
info@globalhelium.com
About Global Helium
Global Helium is an exploration stage company focused on the exploration, acquisition, development, and production of helium to meet the needs of increasing helium demand and shrinking helium supply in North America and around the world. The Company has a seasoned team of industry professionals and technical experts and has established connections with North American and international helium buyers. Together, the team has acquired 100% owned permits encompassing hundreds of thousands of acres prospective for helium in Saskatchewan’s well-established helium fairway.
Forward-Looking Statements
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