Pulsar Helium's Topaz project in Minnesota
(Source: Pulsar Helium)
  • Pulsar Helium (TSXV:PLSR) has finalized the drilling of its Jetstream #2 appraisal well at its Topaz project in Minnesota
  • The well reached a total depth of 5,638 feet (1,718 metres), yielding elevated helium values over gross vertical thickness of 3,178 feet (969 metres)
  • Pulsar Helium is exploring its flagship Topaz helium project in Minnesota and the Tunu helium project in Greenland
  • Pulsar Helium stock has added 56.82 per cent year-over-year

Pulsar Helium (TSXV:PLSR) has finalized the drilling of its Jetstream #2 appraisal well at its Topaz project in Minnesota.

As of February 1, the well reached a total depth of 5,638 feet (1,718 metres), yielding elevated helium values over gross vertical thickness of 3,178 feet (969 metres). These values are consistent with Jetstream #1 (3,350 feet/1,021 metres), one of the world’s highest-content helium discoveries, confirming interpreted geophysical data and enhancing resource potential, with global demand on pace to double by 2035.

Highlight samples from Jetstream #2 contain up to 3.5 per cent helium, hindered by dilution from atmospheric air because of the rotary air drilling method employed, where air is forced into the well by compressors. Management believes uncontaminated samples are likely to deliver higher helium concentrations, contingent on laboratory analysis. According to Monday’s news release, the economic threshold for helium is a concentration of 0.3 per cent.

Pulsar will now conduct optical televiewer, high-definition spectroscopy, pressure and flow testing on Jetstream #1 and #2 through March, which will inform an upcoming independent resource estimate, production scenario assessment and conceptual processing facility design.

Leadership insights

“Drilling of the Jetstream #2 appraisal well and deepening of Jetstream #1 is now complete, both of which were a resounding success with multiple high-concentration helium shows encountered,” Thomas Abraham-James, president and chief executive officer of Pulsar Helium, said in a statement. “My congratulations to our operational team for accomplishing these tasks on time and without injury. The newly identified gas shows and highly encouraging helium readings give us great confidence for this being the most significant new primary helium discovery in North America. We now move into the all-important testing phase and I look forward to keeping the market updated with results as they arrive.”

About Pulsar Helium

Pulsar Helium is exploring its flagship Topaz helium project in Minnesota and the Tunu helium project in Greenland. The company benefits from a first-mover advantage in both locations with primary helium occurrences unrelated to hydrocarbon production.

Pulsar Helium stock (TSXV:PLSR) last traded at C$0.69 per share. The stock has added 56.82 per cent year-over-year.

Join the discussion: Find out what everybody’s saying about this helium stock on the Pulsar Helium Inc. Bullboard and check out Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top photo of Pulsar Helium’s Topaz project in Minnesota: Pulsar Helium)


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