Major Discovery: Natural Hydrogen and Helium Unveiled at Hammaslahti Project in Finland
Key Ideas
  • Surface sampling at Hammaslahti reveals natural hydrogen at 1000 ppm, suggesting significant subsurface gas accumulations and high potential for resource development.
  • Detection of helium reaching up to 8.90% at one drill hole and stabilizing at 7.10%, marking a notable advancement in exploration efforts.
  • 80 Mile plc plans to intensify gas sampling across Finnish licenses to evaluate industrial gas potential further, aligning with its strategy to diversify and expand its portfolio.
  • The presence of hydrogen and helium underscores the strategic value of the Hammaslahti Project, positioning the company as a key player in hydrogen and helium exploration in Finland.
80 Mile plc has announced a groundbreaking discovery at its Hammaslahti Project in Finland, where significant concentrations of natural hydrogen and helium have been identified in historical drill holes. Surface sampling revealed natural hydrogen concentrations reaching 1000 ppm, showcasing the potential for substantial subsurface gas accumulations that could be economically viable. Additionally, helium was detected flowing at surface, with readings peaking at 8.90% and stabilizing at 7.10%. These findings mark the first documented occurrence of hydrogen and helium in the Hammaslahti area, indicating the presence of economically recoverable gas deposits. The comprehensive historical dataset in the Hammaslahti region, with over 600 drill holes, enhances the company's ability to target additional hydrogen and helium prospects efficiently. The positive results from surface sampling will accelerate the exploration activities, allowing for continued evaluation of the project's industrial gas potential. This discovery aligns with 80 Mile's strategy to diversify its resource base and expand its industrial gas portfolio. Eric Sondergaard, the Managing Director of 80 Mile, expressed excitement about the potential of the region for industrial gas resources. He emphasized the importance of hydrogen in the global shift towards cleaner energy and highlighted helium's critical role in advanced technologies. The company plans to intensify gas sampling across its Finnish licenses to further evaluate the industrial gas potential in the region, aiming to solidify its position as a leader in hydrogen and helium exploration in Finland. The announcement signifies a significant milestone for 80 Mile plc and reinforces its commitment to delivering long-term value to shareholders.
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