RHCCF - Royal Helium Licensing High Impact Helium Well at Forty Mile Southern Alberta | Benzinga

SASKATOON, SK, May 9, 2024 /CNW/ - Royal Helium Ltd. (TSXV:RHC) (TSXV:RHC) (OTCQB:RHCCF) ("Royal" or the "Company") is pleased to announce that it has begun licensing and permitting for the Forty Mile #1 exploratory helium well at the Forty Mile project in southeastern Alberta. Acquired under a seismic review option agreement with an independent private vendor, the Forty Mile project is comprised of 7,000 acres and hosts one historic well that was drilled and tested in various horizons. The results of the original show well, rival the best Cambrian helium discovery wells to date in Alberta, Saskatchewan, and Montana. Royal has completed seismic work and has multiple defined drill targets across multiple prospective horizons. The target horizons for Forty Mile #1 will be Devonian and Cambrian and will be drilled into the Precambrian crystalline basement. Spud date will be announced once licensing is complete, and a drilling rig is secured under contract.