VANCOUVER, May 25, 2018 /CNW/ - American Helium Inc.
(the "Company" or "American Helium") (TSX.V: AHE) (OTC: AHELF)
(XFRA: 43UB), a resource exploration company focused on the global
growth of technology-driven demand for helium, is pleased to report
it has filed official notification of intent regarding its upcoming
workplan activities in Utah.
As part of the expansion of operations at the Company's
Utah acreage, American Helium is
undertaking preparations for the drilling of an exploration well,
and as part of that process a Notice of Staking (NOS) has been
filed with the offices of the Bureau of Land Management (BLM).
A Notice of Staking (NOS) is effectively a public announcement
which precedes a 30-day public comment period during which
interested parties are invited to participate. Upon completion
of the comment period, the Company has 10 days to undertake an
on-site inspection with personnel from the BLM field office located
in Price, Utah. The field
inspection identifies and defines the need for any additional
environmental or related studies and provides key information to
refine and clarify cost estimations relative to site preparations
for the drilling equipment.
The Company will provide updates as events unfold and looks
forward to mobilizing the drill equipment as part of its ongoing
2018 workplan.
For more information about American Helium, please visit
www.amerihelium.com and follow us on Twitter or LinkedIn and like
our Facebook page.
About American Helium TSX.V: AHE | OTC: AHELF | XFRA:
43UB
American Helium Inc. is an exploration stage company with
offices in British Columbia,
Canada and Denver,
Colorado. The Company is currently exploring for helium in
southeast Carbon County, Utah and
evaluating additional potential acquisitions in known Helium
productive regions. With planned exploration well(s) due in 2018,
holding potentially significant helium resources positions American
Helium to capture an opportunity offered by rising global helium
prices due to growing demand for helium driven by new
technology-based applications. American Helium Inc. is listed on
the TSX Venture, OTCQB and Frankfurt markets.
Forward-Looking Statements
Certain information contained in this press release constitutes
"forward-looking information", within the meaning of Canadian
legislation. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as "is
expected," "intends," or "has the potential to." Forward
looking statements contained in this press release may include
statements regarding the future operating or financial performance
of American Helium that involve known and unknown risks and
uncertainties which may not prove to be accurate. Actual results
and outcomes may differ materially from what is expressed or
forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations. The forward-looking statements
included in this press release are made as of the date of this
press release and the Company disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities legislation.
Prospective Resources are defined as "those quantities of
petroleum estimated, as of a given date, to be potentially
recoverable from undiscovered accumulations by application of
future development projects. Prospective resources have both
an associated chance of discovery and a chance of
development. Prospective Resources are further subdivided in
accordance with the level of certainty associated with recoverable
estimates assuming their discovery and development and may be
sub-classified based on project maturity." There is no certainty
that any portion of the resources will be discovered. If
discovered, there is no certainty that it will be commercially
viable to produce any portion of the resources. The Low
Estimate represents the P90 values from the
probabilistic analysis (in other words, the value is greater than
or equal to the P90 value 90% of the time), while the
Best Estimate represents the P50 and the High Estimate
represents the P10.
SOURCE American Helium Inc.