In a news release, Royal Helium Ltd. (RHC:TSX.V), reported that it has "received permits for an additional 32,166 hectares or 321 square km of helium land in the southeastern half of Royal Helium's Saskatchewan landholdings where the total helium lease and permit land now total approximately 4,320 square km."
Royal Helium advised that it added roughly 173 square km to its Bengough project and an additional 148 square kilometers was added to the Pangman project. The firm stated that with the Pangman expansion, the property now adjoins both the Ogema and Ogema North grounds forming one large contiguous land package. The company noted that historical helium tests have ranged up to 2.45% helium in this area.
The company's President and CEO Andrew Davidson remarked, "With our well target inventory currently at 12, including 5 at Bengough, we look forward to growing our southeastern regional target inventory at the expanded Bengough property and the combined Pangman/Ogema land where some of the highest historic helium tests are found."
Royal Helium indicated that it believes that its southeastern land holdings basement structure is part of a larger regional basement structural trend that passes through its Bengough, Minton and Pangman/Ogema land packages that extends 60 miles or more north from the U.S. border.
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