Remote Sensing Identifies Multiple Anomalies

RNS Number : 7004Y

Helium One Global Ltd

17 January 2022

 

17 January 2022

Helium One Global Ltd

("Helium One" or "the Company")

Remote Sensing Identifies Multiple Additional Helium Anomalies

Helium One Global (AIM: HE1), the primary helium explorer, is pleased to announce the completion of a multispectral satellite spectroscopy study which has identified multiple additional surface helium anomalies at Rukwa, Eyasi and Balangida (100%) project areas.

Highlights:

· Multispectral satellite spectroscopy ("MSS") study providing heat-map data for Helium at surface across the Company's entire 4,500km² licence area

· Abundant anomalies indicate widespread helium charge and migration across Rukwa, Eyasi and Balangida basins

· Evidence of a robust helium anomaly across the Tai structure where drilling last year encountered numerous helium shows

· Similar anomalies within the Phase II 2D Seismic area will assist in in seismic interpretation and target prioritisation

· Multiple surface anomalies identified within all three basins that require follow up geophysical investigation

David Minchin, Chief Executive Officer, commented:  

"We are pleased with the results of the recently completed MSS study which identified abundant helium anomalies over all three basins, indicating widespread charge and migration as well as providing additional data to assist in the exploration and prioritisation of future drilling prospects.

"The occurrence of a large helium anomaly across the Tai structure, where multiple helium encounters have already been demonstrated from basement to near surface, provides further evidence of a working helium system at one of our priority drill targets.  However, it is the occurrence of multiple analogous anomalies across all three basins that excites the team about how widespread and prolific this system may be.

"Next steps must be to ground truth the data and then combine information on newly identified surface helium anomalies, with data from 2D seismic, airborne gravity gradiometry, and knowledge of the helium system gained from Phase I drilling to assist in the prioritisation of subsurface traps to be tested in our 2022 drilling campaign."

Background

A multispectral satellite spectroscopy ("MSS") study was undertaken by remote sensing specialists DiRT Exploration, based in Cape Town.  The study analysed spectral emissivity data to generate a heat map for helium signatures across the licence area.  Spectroscopy data was calibrated using macro-seep compositional data from previously sampled seeps within the Rukwa, Eyasi and Balangida basins as well as the extensive Rukwa soil gas survey completed in 2016.

Surface anomalies not only provide us with valuable information about helium charge and migration pathways, but when combined with other datasets can also assist in the identification and prioritisation of drilling targets.  Historically similar anomalies have been shown to be related to gases trapped in the subsurface and have been used globally as a pathfinder to rank prospects and focus further exploration efforts.

Helium One are encouraged to have identified a robust helium anomaly across the Tai structure, where drilling last year identified good quality reservoir and seal units as well as indicators for subsurface helium at multiple levels.  Several similar surface anomalies within the Phase II 2D seismic area will assist in the interpretation of charge and migration pathways and target prioritisation within the newly acquired dataset. 

Whilst the MSS data confirms to an extent what we already know about widespread charge within our licence areas, the Company has identified multiple additional anomalies within Rukwa, Eyasi and Balangida basins that will benefit from follow up examination using soil-in-gas analysis, ERT and 2D seismic geophysical investigations.  These anomalies provide additional information on prospectivity across all three basin areas, however further ground truthing and interpretation is required to strip biotic and geomorphological signatures from the dataset and incorporate basin wide MSS data into work programme planning.

For further information please visit the Company's website: www.helium-one.com  

Contact

Helium One Global Ltd David Minchin, CEO	[phone]
Beaumont Cornish Ltd (Nominated Adviser) James Biddle Roland Cornish	[phone]
Canaccord Genuity Limited (Joint Broker) Adam James	[phone]
Peterhouse Capital Limited (Joint Broker) Lucy Williams	[phone]
Tavistock (Financial PR) Nick Elwes Tara Vivian-Neal	[phone]

Notes to Editors

Helium One was founded in September 2015 to explore, develop, and ultimately, become a producer of low-carbon helium, a critical material that is essential in many modern technologies.

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton.  The Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.6% He by volume.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 3,448km² in south-west Tanzania.  The project is considered to be an advanced exploration project with a portfolio of leads and prospects defined by high-resolution gravity gradiometry, and modern and historic 2D seismic. The Rukwa Project has been de-risked by the 2021 drilling campaign, which identified reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system. 

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

Technical Sign off

Lorna Blaisse, the Principal Geologist of the Company, who has over 15 years of relevant experience in the Oil and Gas Industry, has approved the information contained in this announcement. Lorna Blaisse is a fellow of the Geological Society of London and a member of Petroleum Exploration Society of Great Britain.

 

END

 

 

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