Desert Mountain Energy Commences Drilling the Second Well of its Helium Program in Arizona's Holbrook Basin
Vancouver, July 8, 2020 - Desert Mountain Energy Corp. (the "Company") (TSXV:DME), (OTC:DMEHF), (Frankfurt:QM01)) is pleased to announce that it has commenced drilling its second helium well in Arizona's Holbrook Basin. DME Well No. State 16-1 (API No. 02-017-20131) was spudded in Navajo
County in the central portion of the Basin approximately one mile to the SW of our first well, DME Well No. State 10-1(API No. 02-017-20130). The well is anticipated to be drilled to a maximum total depth of approximately 2790 ft. The Company's technical team has identified five potential target zones for helium bearing gas at varying depths.
According to Irwin Olian, CEO of the Company, "We are very excited with progress to date on our helium drill program in Arizona. After we have drilled this second well to the desired
total depth and set and cemented desired casing, we plan to bring in a completion rig to sample and test each of the first two wells for helium content, full gaseous composition and pressure, with a view toward determining commercial viability."
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Desert Mountain Energy Corp.
"Irwin Olian"
Irwin Olian
Chairman & CEO
For more information, contact:
| Irwin Olian, President and CEO E-mail: tigertail@desertmountainenergy.com Phone: (213) 300-3200 | |
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.