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Avanti Energy Announces Commencement of its 2021 Drilling Program in Montana
Avanti Energy Announces Commencement of its 2021 Drilling Program in Montana Ca...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Announces Commencement of its 2021 Drilling Program in Montana\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 1, 2021\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (US OTC PINK: ARGYF) (the \"Company\") is pleased to announce that it has entered the drilling phase of operations at its 100%-owned Greater Knappen land holdings in Northern Montana.  Avanti has commenced surface operations and is finalizing surveys prior to starting its initial drilling program.\n \n \n Greater Knappen Highlights:\n \n \n \n ~69,000 acres of potential helium-rich properties, over which the Company maintains 100%-ownership.\n \n \n 10 closed structural highs, exhibiting relief of\n \n 70m\n \n to >\n \n 200m\n \n , that are ideal for trapping helium.\n \n \n In 2021 helium production commenced from a well drilled in the immediate area by a separate company, from the same zones targeted by Avanti's technical team, further validating the Company's model.\n \n \n Other wells surrounding Avanti's lands have high helium shows in multiple Devonian and Cambrian targets with helium percentages of up to 2% and nitrogen percentages of up to 96%.\n \n \n \n \n Chris Bakker\n \n , CEO of Avanti, commented, \"Avanti has made significant strides on the technical assessment of Greater Knappen, and we now are in the critical stage of development to fully unlock the potential of this property. Management's technical interpretation of just 7 of the 10 structures suggest an estimated un-risked and undiscovered resource potential of between 1.4 and 8.9 billion cubic feet of recoverable helium.\"\n \n \n The initial Greater Knappen drilling program is targeted to spud in early December, and will target three separate pay zones, two in the Beaverhill Lake formation and one in the Basal Sandstone formation.\n \n \n Avanti continues to evaluate multiple opportunities across\n \n Western Canada\n \n and\n \n the United States\n \n to build an industry-leading helium company with a prem...