RHC.v is making huge strides at its helium properties. Earlier this week, Royal Helium (TSXV: RHC) provided updates on drilling at the Val Marie Helium Project in southern Saskatchewan.
The Val Marie helium well has officially been drilled to depth at 2,596 meters. Mass spectrometer and gas chromatography readings encountered significant helium shows with multiple intervals ranging from 5 to 10 meters.
Numerous zones will be completed and tested within the Devonian and the upper, middle and lower Cambrian Deadwood formations. The prospective intervals will be completed and tested along with Ogema testing this fall.
These initial results from Royal are highly promising, and shed an optimistic light on the company’s future as demand for helium continues to rise.
Additionally, the company announced yesterday that it intends to seek secondary listing on the London Stock Exchange’s AIM market. This should add a considerable amount of liquidity to the company’s stock as it progresses its highly prospective helium projects.
RHC.v is currently trading at $.39, showing strength above the 50MA. The company is presently valued at $23.37 million.
https://ceo.ca/@newswire/royal-helium-reaches-total-depth-at-val-marie-1-helium