Friday, November 22, 2024

Desert Mountain Energy Completes Drilling of Well #7 for Helium in McCauley Helium Field, Arizona

Desert Mountain Energy Corp. (DME) is pleased to announce that it has set production casing to the top of the Granite Formation in Well #7 (13-1). In addition to the previously announced hydrogen and helium zones, the well encountered additional multiple zones where helium was shown to be present via the mass spectrometer. We had three repeated zones of interest for helium as were previously seen in Wells #4, 5 &6. Correlation and assessments are being performed by our geologic team. Excellent bottom hole pressures were observed in multiple prospective helium & hydrogen zones during drilling and flowed gas during operations. Our onsite equipment clearly displayed a nearly 50/50 ratio of sulfur-free hydrogen and helium in the upper formations.

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“Our drilling and geological teams continue to display and improve on their innovative concepts and put them into real-world applications,” said Robert Rohlfing, CEO of DME. “Company drilling procedures which cement all casing strings back to the surface, serve to protect all possible water-bearing zones while allowing for commercial helium and hydrogen production.”

With the completion of Wells #4, 5, 6 and 7, DME now feels that it has identified the outer boundaries of the McCauley Helium Field and owns all necessary leases. The drill rig has been released until the next drill program begins. A completion rig will start work in 3 to 4 weeks, sampling results will be published when that work is accomplished.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

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