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First Helium Secures Over 276,000 Acres on Highly Prospective Option Land Block
First Helium Secures Over 276,000 Acres on Highly Prospective Option Land Block ...
About this update from First Helium Inc.
[{"type":"text","content":"\n \n \n \n First Helium Secures Over 276,000 Acres on Highly Prospective Option Land Block\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Company Expects to Confirm Drill-Ready Helium Locations for the First Quarter of 2022\n \n \n \n \n \n \n \n \n \n \n \n TSXV: HELI   FRA: 2MC\n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 29, 2021\n \n /CNW/ –\n \n First Helium Inc. (\"First Helium\" or the \"Company\")\n \n (TSXV: HELI) (FRA: 2MC), a helium exploration company with access to significant development opportunities across western\n \n Canada\n \n , is pleased to announce that the Company's technical team has completed its evaluation of approximately 880,000 acres of prospective helium  lands in\n \n Southern Alberta\n \n (the \"\n \n Block\n \n \") and elected to continue over 276,000 acres of land, which includes over 176,000 acres of corresponding 3D seismic and 512 kilometres of 2D seismic (the\n \n \"Select Lands\"\n \n ), for a further period of two years.  The Company is exercising its option pursuant to a seismic review and option agreement (the \"\n \n Option Agreement\n \n \") with a large landholder for total consideration of\n \n $661,000\n \n , or approximately\n \n $2.39\n \n per acre, to be funded from working capital.\n \n \n \n Ed Bereznicki\n \n , President & CEO of First Helium stated, \"In just six months, First Helium's technical team has evaluated over 880,000 acres of prospective land and high-graded over 276,000 acres of it for further helium exploration. Ready access to an extensive library of seismic data near existing, proven helium production has significantly reduced the costs and time normally associated with evaluating such a large block of prospective land, cutting the cycle from years to months.\"\n \n \n Mr. Bereznicki added, \"The ability for First Helium to access, high-grade and secure 276,000 acres, nearly two-thirds of which is covered by 3D seismic data, at such a competitive price and in an area proximal to recent bar-settin...