Helium One Global Ltd said it had completed its 2021 exploration drilling campaign and started Phase II exploration work at its 100% owned Rukwa project in Tanzania.
INFORMATION
Drilling has now been completed on Tai-2 without the company identifying helium gas.
Helium One said it had gained valuable information on shallow trap and seal potential.
The company also has definition of a working helium system in the Rukwa Basin, de-risking Helium One’s 3,500km2 licence area.
PHASE II
New shallow targets will be investigated to identify prospects for low-cost drilling.
Additionally, new deep structural targets beneath well-developed 130m thick Top Karoo seal can be investigated by 2D infill seismic on defined gravity targets.
The company added that it had £10 million to advance the Rukwa Basin towards discovery.