TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, Feb. 16,
2022 /CNW/ - DESERT MOUNTAIN ENERGY CORP.
(the "Company") (TSX.V: DME) (OTC: DMEHF) (Frankfurt: QM01)
From the President of the Company.
Desert Mountain Energy Corp. is pleased to announce that it has
completed drilling operations, set and cemented production casing
on Well #5 (1-1) in the McCauley Field in Navajo County, AZ. The well was drilled to a
total depth of 3,925' in the top of the Granite Formation.
"Our excellent drilling team met and hit our objectives in this
well and the Company is now 5 for 5 when drilling wells. Based on
the information gathered from drilling this well, we have decided
to drill an additional offset (Well #7) in the McCauley field upon
finishing Well #6 (10-1)," says Robert
Rohlfing, CEO of DME. "The additional well will help ensure
further productive horizons for the upcoming processing facility."
The Company now plans to feed 5 wells into the McCauley Finishing
Facility in Q3 of 2022.
The mass spectrometer and other equipment registered 18
different structures within Well #5, where some level of helium was
encountered. Of those 18 positive responses, 6 were significant in
quantity. Our geologic team was within 1-2 feet plus or minus on
all the major helium and hydrogen showings. Once again, this well
confirms our conceptual ideas, in regard to our lease holdings. Our
leasing design provides the company with the proper holdings to
fully incorporate the areal extent of the acreage to encompass our
field discoveries where cost-effective production can be found.
The Gunnar Dome Wildcat prospect will be drilled later in the
year. As per the previous press release, final completion
procedures will begin after all three wells have been drilled and
the production casing is placed and cemented.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource
company primarily focused on exploration, development and
production of helium, hydrogen and noble gases. The Company is
primarily looking for elements deemed critical to the renewable
energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert
Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in polices of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. 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.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Such forward looking statements and information herein include but
are not limited to statements regarding the Company's anticipated
performance in the future the planned exploration activities,
receipt of positive results from drilling, the completion of
further drilling and exploration work, and the timing and results
of various activities.
Forward-looking statements or information involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company and its operations to be materially different from
those expressed or implied by such statements. Such factors
include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or
economic developments in Canada
and the United States; financial
risks due to helium prices, operating or technical difficulties in
exploration and development activities; risks and hazards and the
speculative nature of resource exploration and related development;
risks in obtaining necessary licenses and permits, and challenges
to the Company's title to properties.
Forward-looking statements are based on assumptions
management believes to be reasonable, including but not limited to
the continued operation of the Company's exploration operations, no
material adverse change in the market price of commodities, and
such other assumptions and factors as set out herein. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other
factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements or
information. Accordingly, readers should not place undue reliance
on forward-looking statements or information. The Company does not
intend to, and nor does not assume any obligation to update such
forward-looking statements or information, other than as required
by applicable law.
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SOURCE Desert Mountain Energy Corp.