Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has launched phase 2 exploration at the Rukwa project in Tanzania, where a new 2D seismic data acquisition programme had now begun.
Survey and line clearing crews have now mobilised, the company said in a statement.
It confirmed the programme will span 200 line kilometres and will target northern extensions of known structural highs which, as explained by Helium One, act as a focus for helium charge.
"We are delighted to commence the 2D seismic campaign as part of the phase 2 exploration at Rukwa with the mobilisation of 2D seismic over the northern extensions of the Tai and Itumbula structural trends,” said chief executive David Minchin.
The seismic programme is being delivered by contractor AGS, which completed the phase 1 seismic earlier this year. The aim is to provide data for the next phase of drilling – with the company planning to test new targets and existing ones at Tai during 2022.
Helium One also announced today the appointment of Colin Ivory as its chief operating officer and Chris Eyre as chief financial officer, with the two new positions strengthening the skills and expertise of its management team.
"Sector confidence in Helium One's projects is demonstrated by our ability to attract top international talent into our team,” Minchin said. “Our new COO and CFO have nearly 55 years' combined experience in various international operational management roles across Africa and Asia.
“The appointments of Colin and Chris bring significant experience to our in-country operational team, their knowledge and leadership will allow us to continue to fast-track the development of Helium One's exploration portfolio as we move towards phase 2 drilling in 2022.”
Minchin added: “We are excited about our phase 2 programme as we look to build our geological knowledge within the de-risked Rukwa Basin and continue the process of advancing the Rukwa Project towards discovery."