American Helium Commences Regulatory Preparations for Utah Drill Program
25 Mai 2018 - 6:05AM
American Helium Inc. (the “Company” or “American
Helium”) (TSX.V:AHE) (OTC:AHELF) (XFRA:43UB), a resource
exploration company focused on the global growth of
technology-driven demand for helium, is pleased to report it has
filed official notification of intent regarding its upcoming
workplan activities in Utah.
As part of the expansion of operations at the
Company’s Utah acreage, American Helium is undertaking preparations
for the drilling of an exploration well, and as part of that
process a Notice of Staking (NOS) has been filed with the offices
of the Bureau of Land Management (BLM).
A Notice of Staking (NOS) is effectively a
public announcement which precedes a 30-day public comment period
during which interested parties are invited to
participate. Upon completion of the comment period, the
Company has 10 days to undertake an on-site inspection with
personnel from the BLM field office located in Price, Utah. The
field inspection identifies and defines the need for any additional
environmental or related studies and provides key information to
refine and clarify cost estimations relative to site preparations
for the drilling equipment.
The Company will provide updates as events
unfold and looks forward to mobilizing the drill equipment as part
of its ongoing 2018
workplan.
For more information about American Helium, please visit
www.amerihelium.com and follow us on Twitter or LinkedIn and like
our Facebook page.
About American Helium TSX.V:
AHE | OTC: AHELF | XFRA: 43UBAmerican Helium Inc. is an exploration
stage company with offices in British Columbia, Canada and Denver,
Colorado. The Company is currently exploring for helium in
southeast Carbon County, Utah and evaluating additional potential
acquisitions in known Helium productive regions. With planned
exploration well(s) due in 2018, holding potentially significant
helium resources positions American Helium to capture an
opportunity offered by rising global helium prices due to growing
demand for helium driven by new technology-based applications.
American Helium Inc. is listed on the TSX Venture, OTCQB and
Frankfurt markets.
ContactAmerican Helium
Inc.Tel: 604.685.9316Email:
info@amerihelium.com
Nick DeMare, DirectorEmail:
nick@amerihelium.com
Curtis WhiteEmail: curtis@amerihelium.com
Forward-Looking
StatementsCertain information contained in this press
release constitutes “forward-looking information", within the
meaning of Canadian legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "is expected," "intends," or “has the potential
to.” Forward looking statements contained in this press
release may include statements regarding the future operating or
financial performance of American Helium that involve known and
unknown risks and uncertainties which may not prove to be accurate.
Actual results and outcomes may differ materially from what is
expressed or forecasted in these forward-looking statements. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding future expectations. The
forward-looking statements included in this press release are made
as of the date of this press release and the Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
Prospective Resources are defined as “those
quantities of petroleum estimated, as of a given date, to be
potentially recoverable from undiscovered accumulations by
application of future development projects. Prospective
resources have both an associated chance of discovery and a chance
of development. Prospective Resources are further subdivided
in accordance with the level of certainty associated with
recoverable estimates assuming their discovery and development and
may be sub-classified based on project maturity.” There is no
certainty that any portion of the resources will be discovered. If
discovered, there is no certainty that it will be commercially
viable to produce any portion of the resources. The Low
Estimate represents the P90 values from the probabilistic analysis
(in other words, the value is greater than or equal to the P90
value 90% of the time), while the Best Estimate represents the P50
and the High Estimate represents the P10.
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