Thor Energy's Promising Geochemical Study Reveals Rich Hydrogen and Helium Deposits in South Australia
Key Ideas
- Positive results from a recent soil geochemistry study in South Australia show significantly elevated levels of hydrogen and helium, with values up to 6,000 times background levels.
- Identification of four high-grade focus areas indicates a promising future for exploration and potential drilling in the HY-Range project.
- Thor Energy's Managing Director expressed excitement over the findings, highlighting the project's high prospectivity for natural hydrogen and helium.
- The data from the survey allows for effective resource allocation to define and prioritize drilling targets, marking a significant step forward for Thor Energy's hydrogen and helium project.
Thor Energy has unveiled promising results from its soil geochemistry study at the HY-Range project in South Australia. The study revealed significantly elevated levels of natural hydrogen and helium, with some hydrogen values exceeding 1,000ppm and a peak reading of 3,000ppm. Helium was also detected at levels greater than five times the background values, reaching up to 27ppm. The identification of four high-grade focus areas has paved the way for future exploration drilling, advancing prospect definition and site selection. Managing Director Andrew Hume expressed confidence in the project's potential, emphasizing the importance of the findings in derisking the presence of active hydrogen and helium systems. The data obtained is crucial for high-grading the acreage and pinpointing the areas with the highest potential for exploration. This development marks a significant milestone for Thor Energy, providing a clear direction for resource allocation towards defining and prioritizing drilling targets. The HY-Range project is now positioned as a highly prospective license for natural hydrogen and helium exploration, indicating a bright future for Thor Energy in the field of energy exploration and production.