VANCOUVER, BC, Aug. 4, 2022
/CNW/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV:
DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the
Company.
The Company is pleased to announce that it has encountered the
largest number of helium and hydrogen showings from all wells
drilled thus far, on its Gunnar Dome
prospect in Arizona. Mass
spectrometer readings during drilling operations clearly delineated
multiple zones which had either helium, hydrogen or argon present.
The Company is in the process of setting & cementing the
production casing on the well. As is the Company's previously
stated practices, it has set and cemented multiple strings of
casing, (which exceed all state regulatory requirements,) to
isolate and protect all water zones, irrespective of their
individual mineral content. The Company further anticipates it will
have a completion rig for the well available, at the end of
August.
"Our geologic and drilling teams continue to successfully drill
our targets, cement and set production casing," says Robert
Rohlfing, CEO of Desert Mountain Energy Corp. "We
look froward to bringing in the completion rig, sample and
release the results of this well."
Consistent mass spectrometer readings and the corresponding flow
results visible at the surface are extremely encouraging and await
final definitive testing for specific perforated formation
results.
The geologic data from this well confirms the hypothesis on the
possible trapping mechanisms of both helium &, hydrogen within
this specific geologic setting. This information will be applied by
our team to other specific settings. It further expands upon the
previously held theoretical understanding of helium and hydrogen
generation. It is the opinion of the Company, (based on
confidential and proprietary geologic drilling data,) that the
acreage controlled by the Company on the corresponding structures
will ultimately confine the water-free commercial production areas
for this geologic setting to the leases currently held.
With this press release, the Company will be in communications
with its partner in hydrogen processing to explore where and how
they can meld this discovery into other long-term ESG developmental
plays. It is the Company's position to monetize its newly
discovered hydrogen assets, whilst developing the long-term
opportunities which management feels may be the most advantageous
to shareholders.
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.
View original
content:https://www.prnewswire.com/news-releases/desert-mountain-energy-has-significant-shows-of-helium-on-gunnar-dome-wildcat-well-301600098.html
SOURCE Desert Mountain Energy Corp.