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America’s Top Resource is Drying Up, but Who Unlocked New Deposits?

Jon Brown Jon Brown, Stockhouse
1 Comment| November 2, 2021

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(Image via Desert Mountain Energy Corp.)

Arizona’s desert landscape represents future potential for energy development that could power tens of thousands of homes and businesses.

Click to enlarge


Desert Mountain Energy Corp. (TSX-V: DME, OTCQX: DMEHF, Forum) has been busy advancing its work to extract and process one of the top resource investments around – helium. One of the last, and possibly most significant sources of helium is Northeastern Arizona’s Holbrook Basin.

After discovering another new helium field in its property in the state, the company continues to expand and grow its reserves with each new find ….

In late October 2021, Desert Mountain announced that it had completed additional work on Well #2 and has discovered helium and hydrogen in a lower portion of the previously perforated formation. The gaseous composition will permit the company to comingle production from Well #2 with gas production from Well #4 in the McCauley Field.

An independent laboratory provided Desert Mountain with the following results:

Nitrogen 91.970%
Helium 4.171%
Hydrogen 3.832%
Co2 0.019%
Hexanes 0.000%
Pentanes 0.000%
Methane 0.000%
Sulphur 0.000%

This past summer, the resource company reported that it encountered significant showings of helium across four formations in its fourth wildcat well at its Holbrook Basin in East Central Arizona, where the formations proved up geological models involving the traps that will allow the company to exploit the helium reservoirs. In September 2021, Desert Mountain’s team finished testing of Well #4 and those results show that the company was successful in discovering another new helium field in Arizona.

Gas samples from testing were sent to independent laboratory for gas chromograph analysis which confirmed the presence of commercial quantities of helium. The company encountered helium in a total of 14 zones at various depths during drilling operations, with an inferred and confirmed total thicknesses of helium bearing zones.

Looking ahead, the company’s geologic team had identified five to six developmental wells at this location and anticipate drilling three more wells between now and the time the processing facility will be brought on-line in 2022.

Desert Mountain continues to build out its finishing and processing plant, where the base site prep has been completed and the engineering team is finalizing the sourcing, acquisition, and construction for the operation plant. The company intends to release more definitive time frames for initial production once the balance of supplier contracts being executed is complete.

Helium prices have been rising faster than the gas itself. It was valued at $0.8356 per cubic foot this time last year, but now sits at $26.47. In turn, DME stock climbed 32% since this time last year and 62% year to date.


(Desert Mountain Energy Corp. stock chart – January 2021 to October 2021.)

For investors searching out an operation in this space that is gathering resources at the right place at the right time to capitalize on one of the best resource investment opportunities in a generation., Desert Mountain Energy Corp. is on track to increase further as global supplies continue to decrease while its own stockpile grows.

For more on this company’s operations, visit desertmountainenergy.com.


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


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