QMET Announces Strategic Exploration Program for Colchester Natural Hydrogen Project
Key Ideas
- Q Precious & Battery Metals Corp. announces promising geological reconnaissance results and an exploration program for the Colchester Natural Hydrogen Project in Nova Scotia.
- The project area, adjacent to Quebec Innovative Materials Corp's hydrogen district, shows high potential for natural hydrogen and helium accumulation due to ideal geological conditions.
- The initial findings confirm the presence of radiogenic basement rocks, U/Th-rich granitoids producing helium and hydrogen, and mafic dikes known for hydrogen production, among other promising indicators.
- The collaboration between QMET and QIMC aims to optimize resources, expedite exploration, and strengthen their positions in the rapidly growing natural hydrogen sector.
Q Precious & Battery Metals Corp. (QMET) has announced compelling initial geological reconnaissance results and a strategic exploration program for the Colchester Natural Hydrogen Project in Nova Scotia. The project, consisting of seven licenses across 89.44 square kilometers, is strategically located near Quebec Innovative Materials Corp's established hydrogen district, showing high potential for natural hydrogen and helium accumulation. The exploration team has identified key targets for soil gas sampling, geophysical surveys, and geochemical analyses based on the initial findings that confirm ideal geological conditions for significant hydrogen and helium presence.
The reconnaissance results revealed the presence of radiogenic basement rocks, U/Th-rich granitoids generating helium and hydrogen, and mafic dikes with minerals conducive to hydrogen production. Additionally, the deep fracture network associated with the Cobequid Fault Zone is seen as effective conduits and reservoirs for these natural gases, with regional sedimentary sequences acting as reliable seals and traps for gas preservation.
Richard Penn, CEO of Q Precious & Battery Metals, expressed optimism about the efficiency of the exploration approach and the strategic partnership with QIMC, which aims to create substantial value for shareholders. John Karagiannidis, CEO and Chairman of QIMC, highlighted the success at Colchester as a validation of their hydrogen exploration model and emphasized the strategic collaboration's benefits.
The joint exploration work at Colchester is overseen by Edward Procyshyn, a qualified expert in hydrogen exploration, ensuring adherence to industry standards. The collaboration between QMET and QIMC aims to leverage known geological conditions, replicate exploration successes, and capitalize on the fast-growing natural hydrogen sector. Despite the inherent risks and uncertainties in mineral and hydrogen exploration, both companies are optimistic about the project's potential and the value it can bring to their operations.