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Bruin Point Helium Corp Received Phase 2 Seismic Interpretation
Bruin Point Helium Corp Received Phase 2 Seismic Interpretation Canada NewsWire ...
About this update from Auscan Resources Inc.
[{"type":"text","content":"\n\n\n\nBruin Point Helium Corp Received Phase 2 Seismic Interpretation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 6, 2018\n\n\n\nVANCOUVER, March 6, 2018 /CNW/ - Bruin Point Helium Corp. (the \"Company\" or \"Bruin Point\") (TSX Venture: BPX) is pleased to announce that as a result of the Phase 2 Seismic Programme (\"Phase 2\") interpretation, it can report an increased Prospective Helium Resource Estimate and the delineation of the Company's first drilling location.\n\nThe updated Prospective Helium Resource Estimates set out in this press release were prepared in accordance with the requirements of Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. \n\nIndependent Qualified Reserves Evaluators, Gustavson Associates LLC (\"Gustavson\"), interpreted the Phase 2 data and provided an updated Probabilistic Prospective Resource Analysis. Phase 2 consisted of nearly 60 line miles of 2D seismic data, purchased from Seismic Exchange Inc., spanning the Company's 17,767.04 acre Helium Project located near the Greater Uinta Basin, Carbon County, Utah (the \"Project\").\n\nDavid Sidoo, Chairman of Bruin Point comments \"The new seismic analysis coupled with the data from our prior exploration processes on the Project have helped us delineate and high-grade our first drilling location. The work has confirmed that key geological structures targeted by Phase 2 have been found to be present across the acquisition area. Importantly, it has translated into a 33% increases in the Prospective Helium Resource Estimate within the Manning Canyon Horizon.\"\n\nKey Findings of the Phase 2 Structural Interpretation Finding #1Confirmed the large ...