Helium One Global mobilises for surface exploration at Eyasi project

Helium One Global (LON:HE1) has begun mobilisation for a surface geochemical exploration at the Eyasi Project in southern Tanzania.

Eyasi spans some 804 square kilometres and is located around 600 kilometres to the north of the company’s flagship Rukwa project.

In a statement, Helium One highlighted that Eyasi has numerous geological similarities to Rukwa which show potential to host a helium deposit. Fieldwork will evaluate historic seep locations and try to identify potential new seep locations at the southern end of the project area.

“The Eyasi Project has potential to add significant volume to Helium One’s prospective resource base,” said David Minchin, Helium One chief executive.

“The project is not as advanced in its exploration as the Rukwa Project, however high-grade helium has been measured at surface and structural leads identified from published FALCON Airborne Gravity Gradiometry (AGG) data.”

Scirocco Energy PLC (LON:SCIR) has a 4.3% shareholding in Helium One.