- Global Helium (HECO) has started an extensive seismic program on its properties in southern Saskatchewan
- The Calgary-based helium development company has over 1.2 million acres of landholdings in the province’s helium fairway
- The company has begun shooting 50 kilometres of seismic over several of its existing permits
- An additional 20 to 50 kilometres of seismic will be acquired in the coming weeks
- Global Helium is down 1.21 percent, trading at $1.63 at 3:00 p.m. EST
Global Helium (HECO) has started an extensive seismic program on its properties in southern Saskatchewan.
The Calgary-based helium development company has over 1.2 million acres of landholdings in the province’s helium fairway.
The company has begun shooting 50 kilometres of seismic over several of its existing permits in southern Saskatchewan.
The new seismic lines are being acquired based on existing permits in hand, and an additional 20 to 50 kilometres of seismic will be acquired in the coming weeks when further permits are received.
Seismic data acquisition and analysis is a mathematically intensive method of identifying and measuring sub-surface lithology.
The company intends to utilize the data from this seismic acquisition program to generate drilling targets and to commence drilling in 2022.
“We are excited to be undertaking a large assessment of our three core areas. This initial seismic will help to expand our drill locations to confirm prospects in Core Area 1, near Swift Current. Later this winter the seismic program will continue and will include Core Area 2, south of Regina, and Core Area 3, near the US border. This entire program is expected to produce several drill-ready prospects and advance a number of other prospects closer to drill-ready stages,” said Global Helium President Wes Siemens.
Global Helium is down 1.21 percent, trading at $1.63 at 3:00 p.m. EST.