Desert Mountain Energy Corp (DMEHF)

[Middleborder]

DMEHF Tuesday....Gunnar Dome intersected helium deposits in multiple zones.


02:14 PM EST, 12/13/2022 (MT Newswires) -- Desert Mountain Energy (DMEHF) on Tuesday said its Gunnar Dome well reached depth, intersecting helium deposits in multiple zones.

The company, which explores for helium and other industrial gases, said the upper zone tested at 96.5422% nitrogen, 0.0063% CO2, and 2.8232% helium, with a lower zone testing at 98.5523% nitrogen, 0.0075% CO2, and 0.7183% helium, with seven tested zones in total showing high nitrogen content with varying levels of helium.

"Gas composition is extremely important when coupled with water-free or near-water-free production and it can be just as important as the Helium grade in the raw gas. We are pleased that this well's specific gas composition, when combined with the wells in the McCauley field, provides for a relatively quick path to production. This well contains high levels of Nitrogen combined with Helium, minimally fractional CO2 and other noble gases. This makes the first plant much easier to operate," chief executive Robert Rohlfing said in a release.

Desert Mountain shares were last seen down C$0.02 to C$2.99 on the TSX Venture Exchange

Price: 2.99, Change: -0.02, Percent Change: -0.66