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Avanti Energy Enters into Agreements to Acquire ~50,000 Acres of Land for Helium Exploration in Montana
Avanti Energy Enters into Agreements to Acquire ~50,000 Acres of Land for Helium Explorat...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Enters into Agreements to Acquire ~50,000 Acres of Land for Helium Exploration 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 June 14, 2021\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (US OTC PINK: ARGYF)\n \n \n (the \"Company\") is pleased to announce that it has entered into binding  agreements on two additional properties totalling ~50,000 acres of land in\n \n Montana\n \n . The properties are highly prospective for the potential discovery of helium, and the Company is moving forward to complete final due diligence on the acquisitions.\n \n \n Highlights:\n \n \n \n The properties add ~50,000 acres to Avanti's existing helium-prospective properties.\n \n \n The properties feature several closed structural highs, ideal for the trapping of helium, that exhibit\n \n 70m\n \n to\n \n 170m\n \n of relief.\n \n \n Surrounding wells have helium shows in multiple Devonian and Cambrian targets with helium percentages of up to 2%.\n \n \n Area helium shows are associated with favorably high nitrogen percentages of up to 96%.\n \n \n Area well log and core analyses indicate excellent reservoir quality in Devonian and Cambrian target intervals.\n \n \n \n After a detailed evaluation process, the Avanti team moved immediately to acquire the new properties. Avanti's geologic models suggest the properties contain several four-way closed structures with\n \n 70m\n \n to\n \n 170m\n \n of relief. These dramatic rises in subsurface elevations can create ideal reservoirs for trapping and accumulating helium and will be the targets for Avanti's exploration and development plan. The evaluation process has indicated the potential for excellent reservoirs in multiple zones, with several existing analogue wells showing up to 2% helium and 96% nitrogen in both the Devonian and Cambrian formations. The agreements are conditional only to Avanti satisfactorily completing the due diligence on the land rights and ownership, which is already underway and targeted f...