Helium One Global Ltd said it had identified new priority drill-ready targets ahead of its drill campaign in June at the Rukwa project in Tanzania.
The news comes as the miner completed its extended 200km infill 2D seismic campaign which began in February.
Data acquisition commenced in mid-March and, following encouraging results, a further 50 line kilometres was added for 2D seismic.
The additional line kilometres targeted several new and high priority closures including Tai, Mbuni, Mamba, Chiruku and Itumbula.
TAI PROSPECT
Helium One said that the modern seismic data was of a higher quality than earlier work and gave better understanding of the subsurface and reassessment of geological risk across the company’s portfolio.
Data resolution was improved over multiple prospects with stacked targets believed to be across a larger area than those interpreted from historical data.
The Tai prospect was upgraded from low priority to ‘must-drill’ status and is planned to be the first location for drilling.
Helium One added that continuing seismic interpretation supported improved drill targeting over the three or four-hole exploration drilling campaign due to begin in early June.
The company will need some two weeks of additional time to upgrade existing tracks, construct a drill pad, and receive all necessary regulatory permits before drilling starts.
Chief executive David Minchin said that workers had been recruited from local villages and there had been zero lost-time injuries and no HSE incidents across 97,280 hours of remote working.