Posted by AGORACOM
at 8:47 AM on Tuesday, April 6th, 2021
Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) is pleased to announce that initial gas sample test results have returned elevated and economic levels of helium concentration from multiple formations at the Climax helium project, with tests returning levels ranging from 0.33% to 0.94% from the Deadwood, Souris River and Duperow formations. The company will now commence long term production testing of the most prospective zones to confirm flow rates and ultimately resource size.
The high graded production zones that are being tested range in thickness from five meters to in excess of 30 meters, with the ability to expand to even larger intersections. While these results are preliminary in nature and require additional confirmation, they do confirm the presence of economic helium grades on the Climax project, along with indicating that nitrogen will be the primary gas drive, though elevated levels of carbon dioxide are also present in certain tests. To date, testing has been focused on testing helium concentrations across the prospective zones with the highest level of helium detected during the drilling process. This initial concentration testing at Climax is expected to be completed over the next 10 days, following which the Royal will begin full flow testing and analysis which is expected to take an additional 30- 40 days.
Andrew Davidson, President and CEO of Royal comments “We are pleased with these initial results on our Climax helium project. Helium detection during drilling identified multiple zones of elevated helium in all three of the wells and follow-up completions testing confirmed economic helium concentrations. We look forward to the full flow testing results across all zones of interest in each of the three wells to confirm resource size and project commerciality. The fact that we have identified elevated and economic helium concentrations across significant pay zones as large as 30 meters speaks to the potential of the Climax Project.”
Posted by AGORACOM
at 12:35 PM on Wednesday, March 31st, 2021
Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce updates of diamond drill holes SM20-07 – 11 from the on-going 8,000 meter drill program on the “Santa Maria” Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “We are heading into areas never explored before, with new ideas to test our structure-on-structure theory over the Property. Hole SM20-07 intercepted two broad zones of northwest trending, never seen before, semi-massive marcasite, (pyrite) in hornfels, and to the east 225 meters, we tried to cross the major C1 regional north – south fault in the center of the Property.”
Hole SM20-07 was drilled at -50 degrees and 246.0 meters in length from same drill station as hole SM20-03 at an angle of 210 degree azimuth and designed to test the tail end of two northwest trending IP anomalies labeled IPSM-08. Northwest trending anomalies or structures have not been seen previously on the Property.
Drill results clearly demonstrate the cause of the two conductive zones, with a 19.90 meter intersection from 145.50 – 165.30 meters and a second 78 meter interval from 167 – 245 meters of greenish hornfels, (a metamorphic rock formed by the contact between a mudstone / shale (clay rich rock) and a hot igneous body, usually at shallow depths), with strong chlorite / sericite alteration with 25-30% marcasite, (white iron pyrite, FeS2). See Plan View of Drill Hole Locations below.
Drill hole SM20-08 was collared approximately 225 meters east of the drill station for holes SM20-4, 5, and 6. See drill plan below as designed to drill thru the interpreted main north – south structure at an oblique angle and hit the Santa Maria structure.
The hole was drilled with NQ size core, 1 7/8th inches at -50 degrees for a premature total depth of 64.18 meters where the hole was terminated by major faulting and could not be advanced further.
Drill hole SM20-08B was a re-entry into hole SM20-08 with larger PQ size drill core, 3.36 inches in diameter, to compensate for the massive broken structure, which allowed the hole to be drilled to a final depth of 234 meters and was successful in reaching its target. Currently all sampled drill core of interest is being tested. See Cross Section View below.
Drill hole SM20-09 was drilled with PQ size core from the collar, in anticipation of bad ground conditions, at -60 degrees for a targeted depth of -250 meters to hit the Santa Maria structure, as encountered in hole 8B and was terminated prematurely at 231 meters where not only did the hole collapse due to the fault but jammed the drill rods and a section of the drill string and bit was left in the hole.
Drill hole SM20-10 was designed to follow up on the hole SM20-8B targeted intercept but also to replace the loss of hole SM20-09.
HoleSM20-10 was drilled with PQ size core from the collar, in anticipation of bad ground conditions as seen previously, at -70 degrees for a targeted depth of -220 meters to hit the Santa Maria structure, as encountered in hole SM20-08B. The hole was successful in its objective and as such stopped at a total depth of 227.5 meters. Currently all sampled drill core of interest is being tested. See Cross Section View below.
Drill hole SM20-11 is located approximately 125 meters northeast of drill hole station 4 for holes SM20-08, 8B, 9, and 10. See Plan View of Drill Stations below.
The hole was drilled due west, 270 degrees, at -60 degrees targeting the intercept of the major north – south C1 regional structure at the right angle, 90 degree. The hole was successfully completed and drilled to a total depth of 258 meters.
New roads and drill pads have been completed and the drill is currently being moved to drill station 6 for hole SM20-12. See Plan View of Drill Stations below.
Peter Hawley continues, “We are systematically taking what was previously thought of as simple E-W high grade structure and re-evaluating, with numerous successes to date, in order to develop our new concept which is seen below in the “Plan View of Drill Station Locations over IP Anomalies”. Over the next few drill holes to test blue sky potential in the north of the Property should add to the new data base as we start to dial in the focus of the remaining drill program. With the Company well funded we will continue to explore all targets as they present themselves.”
Posted by AGORACOM-JC
at 4:14 PM on Monday, March 29th, 2021
If you think about balloons / blimps when thinking about Helium uses, we wouldn’t blame you … but you’d also be missing out on a much much bigger picture.
Looking beyond just balloons, Helium is a high tech gas, with many uses in rocket engines, semiconductors, electronics, and health care. These sectors pressure the demand for helium in concert, making it a gas in very short supply. Prices have been rising due to a shortage in supply.
Saskatchewan is one of the only places on earth with current and past production of primary Helium. This is where Royal Helium comes into play as they are one of the largest land holders searching for Helium and have already drilled 3 holes at their Climax project.
Worldwide usable Helium is in short supply as demand is increasing, making it a high-priced commodity, take a seat and discover why Royal Helium is the next SmallCap Stock to discover.
Posted by AGORACOM
at 8:15 AM on Tuesday, March 23rd, 2021
Graduated from the OTC Pink Sheets (“OTCPK”)
Commenced trading on the OTCQB Venture Marketplace under the symbol “FBSGF”.
Fabled Silver Gold Corp. (TSXV: FCO) (OTCQB: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce that effective March 22, 2021, it has graduated from the OTC Pink Sheets (“OTCPK”) and commenced trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “FBSGF”.
Peter Hawley, CEO and President, commented, “Trading on the OTCQB will make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our Parral, Chihuahua, Mexico project, to this new group of investors.”
The Santa Maria project is located in the mining friendly jurisdiction of Parral, Mexico; situated in the centre of the Mexican epithermal silver-gold belt, which has produced more silver than any other area in the world.
The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.
Posted by AGORACOM
at 8:43 AM on Monday, March 22nd, 2021
Five silver bearing north – south structures were intercepted
North – South structures are mineralized
East – West Santa Maria structure returned 14.7 meters grading 44.92 g/t Ag Eq
Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce assay results of diamond drill hole 6 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “This completes the results of the fence of drill holes 4,5 and 6 which are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.
“Hole SM20-06 was drilled at -50 degrees and 232.0 meters in length and designed to test the various structures in the brittle oxide zone.
“Drill results demonstrate, while we are traversing eastwards the edge of a broad secondary north – south structure trend is starting to be encountered with intermittent silver mineralization within the structural fabric. As shown below in Table 1, five silver bearing north – south structures were intercepted before intersecting the targeted East – West Santa Maria structure which intersected 14.7 meters grading 44.92 g/t Ag Eq at -150 meters.
“Drill hole SM20-04 which was drilled at -60 below hole SM20-06 intercepted a north – south trending fault which displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.
“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displaced Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized.
“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.
“The two fences of drill holes 125 meters apart completes this drill section and adds new structural details to the interpretation on the newly interpreted East – West Santa Maria structure which is clearly defined from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.
“We expect to see the effect of the North – South structural fabric to become more intense as we move to the next fence of holes a further 200 meters to the east and expected to be in the middle of what is interpreted to be the center of the broad North – South structure intersecting the Santa Maria Structure. If this is the case this will set the stage for further investigation of this area.”
Posted by AGORACOM-JC
at 5:02 PM on Thursday, March 11th, 2021
Fabled Silver Gold controls 100% of the Santa Maria Gold and Silver property in Mexico. It is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.
Santa Maria, surprisingly, has never been systematically explored with modern methods, until now. FCO is 2000 meters into their first drill program of a planned 8000 meters to support updating the 43-101,and have recently reported on drill holes 4 and 5 from the Santa Maria Property in Parral, Mexico.
The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators in the vicinity, including three toll mills are within a 20 km distance.
Watch this great interview with CEO Peter Hawley as he explains how these results support increasing the resource, as well as identifying new structures that support finding new discoveries.
Posted by AGORACOM
at 8:17 AM on Tuesday, March 9th, 2021
On-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico
SM20-05 intersected three additional north – south trending mineralized structures
North – South trending fault has displaced the Santa Maria Structure slightly to the south
Next fence of holes a further 200 meters to the East
Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce diamond drill holes 4 and 5 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “The fence of drill holes 4,5 and 6 are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.
“As expected, as we traverse eastwards the edge of a secondary north – south structure trend is starting to be encountered. Hole SM20-04 drilled at -60 degrees intersected 12.5 meters grading 22.37 g/t Ag Eq at -200 meters vertically in a north – south trending fault which has displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.
“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displace Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized. We expect to see this become more pervasive in the next fence of holes a further 200 meters to the east and to be in the middle of what is interpreted to be the center of the North – South structure intersecting the Santa Maria.
“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned 1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.
“These drill holes plus the results from hole SM20-06, to be announced, adds to the drill sections and interpretation on the newly interpreted Santa Maria structure and clearly defines the structure from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.”
Peter Hawley continues, “The data being obtained from this fence of drill holes with the mineralized north – south structures now evident should not only help target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drilling as we expand outwards from the present resource. We now have two mineralized plumbing systems starting to intersect which bodes well for the future drilling.”
Posted by AGORACOM
at 9:58 AM on Wednesday, March 3rd, 2021
Royal Helium Ltd. (“Royal” or the “Company”) (TSXV: RHC) announces that it has engaged two service rigs and that the completions and testing program has been initiated at Climax-1 and Climax-2. The finalized testing program, which was developed in concert with Sproul Associates Ltd., involves the sequential perforation and gas flow testing of several separate intervals identified during drilling. Finalized results from the testing program will be reported as the information becomes available.
Royal further announces that the Climax-3 helium well has been drilled to its target depth of 2,600 metres. Royal’s completion team is reviewing the log data at Climax-3 to determine the intervals to be production tested. The completion and testing program at Climax-3 will commence once testing is complete on Climax-2.
Andrew Davidson, President and CEO of Royal comments, “We are pleased to have our initial 3 wells at Climax drilled to target depth and we are excited to be production testing these high value targets. We want to thank the team from Savanna 419 for their diligent work in completing this drilling program safely and effectively”.
Mr. Davidson continues “With 2 service rigs operating we anticipate the testing to be completed on all 3 wells over the next few weeks. While any significant developments will be announced as they are received, all results will be evaluated by Sproule for a potential helium resource and production over multiple separate zones within this large structural closure”.
The three Climax wells were drilled into the Precambrian basement, directly below the Deadwood Formation. The Deadwood is a sand and shale sequence that is a known helium production zone in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block.
Posted by AGORACOM
at 10:02 AM on Monday, March 1st, 2021
WHY ROYAL HELIUM?
Worldwide usable Helium is in short supply as demand is increasing, making it a high-priced commodity
Royal Helium has aims to deliver a minimum of 1 trillion cubic feet (Tcf) of total inert gas into the market
Via exploration and development drilling of Helium resources in southern Saskatchewan.
Highlights:
Strategy of full-cycle inert gas capture, refining and liquefaction
Commenced 3 Well Drill Program at Climax:
Production testing of 70m of potential helium bearing intervals for CLIMAX-1
Production testing of 68m of intervals for CLIMAX-2
Currently drilling CLIMAX-3
Royal Helium will be producing: helium, nitrogen and some CO2
Saskatchewan is one of the only places on earth with current and past production of primary Helium
Helium:
Scarce: Dwindling supply combined with growing demand
Helium prices have been rising due to a shortage of supply
Technical Partners:
Saskatchewan Research Council (“SRC”): Conducting engineering and scoping study for a large-scale industrial gas polygeneration facility located in Saskatchewan with RHC
AXIOM Group: Specialize in Energy Services, Geomatics, Exploration, Environment
SPROULE Associates Ltd: consulting on the completions and testing programs and to prepare an independent evaluation of the prospective helium resource from the first three wells at Climax, in accordance with the classification, definitions and guidelines of NI 51-101.
Helium Uses:
Helium
Helium is a non-substitutable and non-renewable commodity needed in many high-tech and health care industries, with specific applications in rocket engines, semiconductors, electronics, and health care.
As these sectors continue to expand, the demand for helium expands in concert.
High value and increasing Helium price
Large and growing demand Decreasing supply
Non-substitutable
Royal Helium
Strategy of full-cycle inert gas capture, refining and liquefaction
Commenced 3 Well Drill Program at Climax:
Production testing of 70m for CLIMAX-1
Production testing of 68m for CLIMAX-2
Drill rig mobilizing to drill CLIMAX-3
Mobile, membrane separation facilities: First stage of production
2nd Stage: permanent membrane separation facility
3rd Stage: Permanent poly-generation facility that makes products from the CO2 and the N2 gases
3rd or 4th stage: liquefaction facilities allowing full downstream transportation and worldwide export.
Sell products both direct to customer and wholesale to re-sellers
Largest Helium Lease Holders in N. America
4,000 square km of prospective helium lands across southern Saskatchewan
572 sections of land in Saskatchewan
Southern Saskatchewan
Saskatchewan has a history of current and historic primary helium production. It is one of the few places on the planet where helium is produced with nitrogen rather than hydrocarbons. Saskatchewan has the potential to replace supply that is leaving the market
▪High helium concentrations
▪Stable regulatory environment
▪Geopolitically favorable especially associated with production and export of critical commodities
▪Existing infrastructure, information and personnel from a long history of oil and gas exploration and production
CLIMAX & BENGOUGH HELIUM PROJECTS
Royal Helium’s initial focus begins in two areas, Climax and Bengough, identified using a combination of seismic data, well logs and aeromagnetic surveys that narrowed down prospective areas to locate the source rocks for the helium enrichment (where the helium could be trapped and accumulated)
Royal Helium’s goal is to prove-up to 30 structures, targeting between 1.0 to 2.0 Tcf (Trillion cubic feet) of raw inert gas grading at least 1% Helium
Single well costs around CAD$1.5 million with pay back in less than 1 year
Exploration Parcel #1 – CLIMAX
Royal Helium Ltd.’s Climax-1 helium exploration well drilled to target depth of 2,600m
Royal Helium Ltd. has successfully drilled Climax-2 to a total depth of 2,611m
Selected target completion intervals for both the Climax-1 and Climax-2 helium exploration wells. (potential helium-bearing zones)
The Climax-3 drilling nearing target depth
Completion and testing of Climax-1 and Climax-2 involves the sequential perforation and production testing of approximately 70 metres of potential helium-bearing zones at Climax-1 and approximately 68 metres of potential helium-bearing zones at Climax-2, both spanning multiple structural zones.
Consistent with Climax-1, the Climax-2 well was drilled into the Precambrian basement at the base of the Deadwood formation. The Deadwood is a sand and shale sequence that is known to produce helium in Saskatchewan. These first three wells are targeting different parts of the same large structural trap identified on the central portion of the Climax land block.
The seven drill targets at Climax were identified in late 2019 after the company first reprocessed 77.6 km of 2D seismic in conjunction with historic well logs and delineated a basement structure of ~3,094 hectares of four-way structural closure.
Another 17,676 hectares of helium permits (100% crown) located immediately west of its Climax property were then granted in November 2019.
To further define the possible inert gas/helium bearing formations and refine company target wells, a deep, detailed aeromagnetic survey was flown over the Climax central structure in May.
Exploration parcel #2: Bengough
South-Central Saskatchewan with Five Target Wells Comprise roughly 50% of the total land holding
Royal has reprocessed 50.36 square km of 3-D seismic, which was acquired in 2017. The re-interpretation was completed to gain an understanding of regional basement structures and to identify potential drill targets. The 3D seismic shows a large regional feature with multiple closures.
Five (5) of these closures have been identified as initial drill targets and will be subject to further detailed investigation, including an airborne magnetometer survey.
Royal believes that the Bengough basement structure is part of a larger regional basement structural trend extending at least 60 miles north from the US border and passing through three of Royal’s Focus Areas.
Along this trend, historic helium tests have ranged from 0.70% to 0.78% at Minton, 1.39% to 1.41% at Bengough, and 0.48% to 2.45% at Ogema/Ogema North.
Royals southeast Saskatchewan lands, which comprise roughly 50% of the total land holding, show the potential for robust helium occurrences. With the strategy of full-cycle inert gas capture, refining and liquefaction, it is crucial to develop a large number of derisked drill targets throughout the Company’s significant land package.
The initial five targets identified at Bengough is an exciting first step in the southeast, growing the initial target inventory to 12 when combined with the seven targets on the Climax project in southwestern Saskatchewan.
Saskatchewan Research Council
The SRC is Canada’s second-largest research and technology organization. With more than 290 employees, $91-million in annual revenue and nearly 75 years of experience, SRC provides services and products to its 1,500 clients in 27 countries around the world.
Commenced Engineering Study for a Helium Polygeneration Facility in Saskatchewan
The results of this initial engineering and economic study due Dec. 2020
Royal Helium Ltd. has initiated the engineering and scoping study for a large-scale industrial gas polygeneration facility located in Saskatchewan, which will be conducted by the Saskatchewan Research Council
The study is Royal’s first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium production wells in Saskatchewan.
Royal is reviewing whether there is an opportunity to monetize the complete gas stream. Current economic analysis does not include credits for other potentially commercial gases produced and processed. While the economics of helium production are significant on their own, the impact of the commercialization of other gases could substantially add to net cash flow.