SASKATOON, SK, Sept. 21,
2022 /CNW/ - Royal Helium Ltd. ("Royal" or the
"Company") (TSXV: RHC) (TSXV: RHC.WT) (OTCQB: RHCCF) is pleased to
report that following up on the previously announced lithium assays
in Climax-1 (see news release Aug 22,
2022) it has also sampled up to 81.3 Mg/L lithium brine
at Climax-2 on Royal's Climax helium land block located
approximately 160 km south of Swift
Current in southwest Saksatchewan. Climax-2 is approximately
2.7 kilometers southeast of Climax-1 with both wells testing the
lithium bearing brine zone within the Duperow formation. With the
more detailed 3D seismic Royal conducted this year, it is believed
that the Climax-2 lithium brine zone is an extension of the same
pool found in Climax-1 and appears to extend well beyond the
current 3D coverage area which will be expanded and tested in
upcoming programs. Further engineering and analysis will be
conducted once the Climax mineral rights are granted.
![Royal Helium Ltd. Logo (CNW Group/Royal Helium Ltd.) Royal Helium Ltd. Logo (CNW Group/Royal Helium Ltd.)](https://mma.prnewswire.com/media/1903812/Royal_Helium_Ltd__Royal_Helium_Samples_81_3_Mg_L_Lithium_in_Brin.jpg)
Andrew Davidson, President, and
CEO of Royal comments: "These tests not only continue to show
some of the highest lithium assays in western Canada but are also indicating a very large
potential pool size which really substantiates our reasoning to
develop this lithium play further. As indicated in our previous
news release, we have already applied for the mineral rights to all
of Climax and are awaiting issuance from the province".
The Climax project is approximately 60,000 hectares in size,
which would make for one of the largest lithium exploration
projects in Western Canada. The
Company will explore all options for developing the lithium
project, such that the focus of the Company will remain on
exploiting the helium already discovered at Climax and
elsewhere.
Royal Helium Ltd.
Royal controls over 1,000,000 acres of prospective helium land
in southern Saskatchewan and
southern Alberta. All of Royals'
lands are in close vicinity to highways, roads, cities and
importantly, close to existing oil and gas infrastructure, with a
significant portion of its land in close proximity to existing
helium producing locations. With stable, rising prices and limited,
non-renewable sources for helium worldwide, Royal intends to become
a leading North American producer of this high value commodity.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that may be deemed
to be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
SOURCE Royal Helium Ltd.