TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, March 21, 2022 /CNW/ - DESERT MOUNTAIN
ENERGY CORP. (the "Company") (TSX.V: DME) (U.S. OTC:
DMEHF) (Frankfurt: QM01) From the President of the
Company.
Desert Mountain Energy Corp. (DME) is pleased to announce that
it has set production casing to the top of the Granite Formation in
Well #7 (13-1). In addition to the previously announced hydrogen
and helium zones, the well encountered additional multiple zones
where helium was shown to be present via the mass spectrometer. We
had three repeated zones of interest for helium as were previously
seen in Wells #4, 5 &6. Correlation and assessments are
being performed by our geologic team. Excellent bottom hole
pressures were observed in multiple prospective helium &
hydrogen zones during drilling and flowed gas during
operations. Our onsite equipment clearly displayed a nearly
50/50 ratio of sulfur-free hydrogen and helium in the upper
formations.
"Our drilling and geological teams continue to display and
improve on their innovative concepts and put them into real-world
applications," said Robert Rohlfing,
CEO of DME. "Company drilling procedures which cement all casing
strings back to the surface, serve to protect all possible
water-bearing zones while allowing for commercial helium and
hydrogen production."
With the completion of Wells #4, 5, 6 and 7, DME now feels that
it has identified the outer boundaries of the McCauley Helium Field
and owns all necessary leases. The drill rig has been released
until the next drill program begins. A completion rig will start
work in 3 to 4 weeks, sampling results will be published when that
work is accomplished.
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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content:https://www.prnewswire.com/news-releases/desert-mountain-energy-completes-drilling-of-well-7-for-helium-in-mccauley-helium-field-arizona-301506316.html
SOURCE Desert Mountain Energy Corp.