Thursday, September 18, 2025

Latest

Imperial Helium Discovers Second Helium Zone At Steveville

Imperial Helium (TSXV: IHC) has found additional helium on its flagship Steveville property in Alberta. The firm this morning confirmed that it has discovered a second zone on the property, meaning that helium has been found in an additional layer of the Steveville structure.

Referred to as the Sub-Salt Zone, or SSZ, the zone was discovered upon the commencement of testing of the third well on the property. Initial gas analysis has pegged the helium content at 0.51%, which is 19% higher than concentrations found in the Blow Out Zone.

Pay thickness of the zone is currently estimated at 5.2 metres based on petrophysical testing conducted on the third well, with the zone having similar properties as the Blow Out Zone in the firms second well. No carbon dioxide has been found in the gas analysis of the well to date.

Production testing of the zone is now underway, which is expected to take ten days followed by a 20-day shut in period. Once complete, testing will then be conducted on the Blow Out Zone over a period of 30 days to test helium concentrations. Testing will also involve the monitoring of the zone in the second well, to determine if pressure communication is happening between the two regions.

Furthermore, the company also indicated that contingent resource estimates are expected to be established following the production testing of both zones on the well. Results from the Blow Out Zone are expected to be consistent will the results from the second well. The company expects to enter an offtake arrangement in the first half of the year, resulting in certain resources being classified as booked Reserves.

The company expects to produce commercial volumes of helium before year end.

Imperial Helium last traded at $0.18 on the TSX Venture.


FULL DISCLOSURE: Imperial Helium is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Imperial Helium on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Why $10K Gold No Longer Sounds Crazy | Dan Wilton – First Mining Gold

The Pure Silver Set Up! | Joaquin Marias – Argenta Silver Corp

Why $30,000 Gold Isn’t Crazy! | Simon Marcotte – Northern Superior

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Imperial Helium Completes Production Testing Of Two Wells At Steveville

Imperial Helium (TSXV: IHC) this morning announced that it has completed its appraisal of the...

Thursday, October 7, 2021, 09:43:39 AM

Imperial Helium To Have Prototype Helium Plant Constructed By Years End

Imperial Helium (TSXV: IHC) is forging ahead with the development of its flagship Steveville property...

Wednesday, October 13, 2021, 09:20:22 AM

Imperial Helium Begins Field Operations, Set To Drill First Well Near Term

Imperial Helium (TSXV: IHC) this morning had a major announcement in terms of the development...

Wednesday, June 30, 2021, 09:44:17 AM

Helium: The High Level Overview

The very hot market for helium stocks welcomes a newly listed company for investors to...

Monday, May 24, 2021, 09:00:00 AM

Imperial Helium: Eight Capital Initiates Coverage With $1.00 Price Target

Imperial Helium (TSXV: IHC) had their first investment bank initiate coverage on them this past...

Saturday, June 5, 2021, 01:26:00 PM