CALGARY, Alberta, May 25, 2021 (GLOBE NEWSWIRE) -- Global Helium Corp. (CSE: HECO) (the “Company” or “Global”) is pleased to announce the addition of 37,100 hectares (91,675 acres) in the Vermillion Hills area in Saskatchewan.
The Company has established a core area at Vermillion Hills, approximately 150 kilometers northeast of Swift Current. The new permit is contiguous to the southeast and increases our 100% working interest holdings in this area to over 122,000 hectares (302,000 acres).
Wes Siemens, President at Global commented, “This new acreage significantly expands our land position to the southeast within the helium fairway. We are excited about growing our position in this area and moving our prospects to the drill stage.”
The company is in the process of evaluating the new seismic data that was shot in the area in March over the Lawson and Elbow structures (March 18 news release) on the adjacent land permits. Once the data is integrated into the geologic model, Global will be able to provide an update on these exciting helium prospects. In addition, the Company is looking to purchase additional seismic over the new land permits to integrate with the existing lands.
ON BEHALF OF THE BOARD OF GLOBAL HELIUM CORPORATION
Wes Siemens, P.Eng.
For more information:
Global Helium Investor Relations
Tel: +1 877 816 8163
About Global Helium
Global Helium is an exploration stage company focused on the exploration, acquisition, development, and production of helium to meet the needs of increasing helium demand and shrinking helium supply in North America and around the world. The Company has a seasoned team of industry professionals and technical experts and has established connections with North American and international helium buyers. Together, the team has captured 100%-owned permits encompassing hundreds of thousands of acres prospective for helium in Saskatchewan’s well-established helium fairway.
Find out more at: https://globalhelium.com/.
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This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this internal announcement are expressly qualified by this cautionary statement. The forward-looking statements contained in this internal announcement are made as of the date of this internal announcement and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.