Blue Star Helium Ltd (ASX:BNL) has expanded its footprint in Las Animas, Colorado, increasing its total land position in the premium helium prospective region to 177,000 gross (120,000 net) acres.
The company has secured new leasing of 12,557 net acres and through this has established a contiguous footprint over the highly ranked Galileo Prospect.
This additional acreage was secured by new leases from private mineral owners and the Federal Bureau of Land Management (BLM).
As well as now having material contiguous leasing over Galileo, Blue Star has added further acreage over Enterprise and other prospects.
“Greater entitlement to potential resources”
Blue Star managing director Joanne Kendrick said: “I’m pleased to see the contiguous high net leasing across Galileo and the continuation of infill leasing at other prospects.
“Not only does this give us a greater net entitlement to potential helium resources in these prospects, but it also allows us to explore and, in the case of success, develop the resources in the most optimal way.”
Enterprise and Galileo leasing.
Looking forwards
The impact to the net prospective resources at Enterprise and Galileo is being assessed and any revision will be announced in due course.
Meanwhile, the planning for Blue Star’s maiden drilling program in quarter four is continuing.