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TICKERS: RHC

Helium Firm Starts Well Drilling at Saskatchewan Land Block
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With this current exploration program, Royal Helium intends to consecutively drill three wells at Climax.

Royal Helium Ltd. (RHC:TSX.V) announced in a news release that spudding began of Climax-1, the first of three wells to be consecutively drilled in the initial exploration program at its Climax helium project in Saskatchewan.

Plans calls for Savanna Drilling to drill Climax-1, a vertical well, to a total depth of 2,684 meters to target the currently and historically helium-producing Deadwood Sands Formation. The process of drilling, casing, completing and testing of this one well is expected to take up to 30 days, according to the company.

"Helium produced from this formation is known to be carried in nitrogen with little to no hydrocarbons or other byproducts," the release noted.

"The Climax land block is comprised of 227 sections (589 square kilometers) with multiple structural closures and well targets identified in the same formation," said Andrew Davidson, president and CEO of Royal Helilum. "Climax is the first of several land blocks across southern Saskatchewan controlled by Royal. With 12 exploration targets in inventory to date, we are actively working to significantly increase target inventory in 2021."

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