Resource exploration company American Helium Inc. (TSX.V: AHE) (OTC: AHELF) (XFRA: 43UB) this morning issued a shareholder update detailing its recent milestones and ongoing projects. Per the update, the company was formed in 2017 around its Bruin Point acreage in Carbon City, Utah. Since then, it has announced projects in Eastern Colorado and Arizona’s Holbrook Basin. In January, American Helium acquired additional seismic on the Bruin Point acreage, significantly upgrading the resource potential of the project. In Eastern Colorado, through a partnership with Yankee Resources, the company aims to acquire acreage for re-entry or twin-drilling of two wells that produced natural gas until the mid-1990s. American Helium further aims to lease up to 14,000 acres of land and shoot a 3D seismic survey of some 28 square miles at the Eastern Colorado project, where helium content of four to five percent is expected. Finally, the Holbrook Basin project, which was recently announced, is located in a well-established helium production district where concentrations of gas of up to 10 percent have been recorded.
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About American Helium
American Helium Inc. is an exploration stage company with offices in British Columbia, Canada and Denver, Colorado. The Company is currently exploring for helium in Eastern Colorado, Navajo County, Arizona and Carbon County, Utah while evaluating additional potential acquisitions in known Helium productive regions. With drilling planned in 2018, American Helium is aiming to capture an opportunity offered by rising global helium prices. American Helium Inc. is listed on the TSX Venture, OTCQB and Frankfurt markets. For more information, visit the company’s website at www.AmeriHelium.com
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