VVC Drilling Wells on Plateau Helium's Syracuse Property
19 Agosto 2021 - 7:00AM
VVC Exploration Corporation ("
VVC" or the
"
Company") (TSX-V:VVC) is pleased to announce the
following updates from Plateau Helium Corporation (PHC), VVC’s
wholly owned helium exploration and production company:
- Drilling on the
first new Syracuse well, Durler 2-21, began on
August 2nd with drilling completed on August 12th. The well was
drilled to a depth of 5,500 ft and encountered 2 gas zones that
showed helium. The well completion, perforation, well-head
installation, and attachment to the pipeline for commencement of
production will occur in approximately 2 weeks.
- Drilling of a
second Syracuse well, Levens 2, began on August
14th and is expected to be completed on August 22nd. The well
completion, perforation, well-head installation, and attachment to
the pipeline will begin shortly after.
- Drilling of a
third Syracuse well is scheduled to begin on
August 24th.
All potentially productive gas zones encountered
during the drilling of these wells will be evaluated. If a firm
pattern is established one or more additional rigs may be
added.
VVC President Jim Culver commented, "With the
drilling of these wells, we are getting closer to generating
positive cash flows from the helium business. This is the Company’s
immediate goal, as it will help provide funding to the Company's
other projects."
About VVC Exploration
Corporation
VVC is a publicly traded Canadian-based mining
exploration and development company listed on the TSX Venture
Exchange (TSX-V:VVC). With the addition of PHC, VVC is also a
Helium Producing company. VVC’s portfolio includes the Gloria
Copper Project in Northern Mexico, precious metals properties also
in Mexico and the Helium Projects owned by its wholly owned
subsidiary, Plateau Helium Corporation ("PHC"). VVC is currently
focused on the Helium Projects owned by PHC and will resume the
development of Gloria Copper Project, as soon as Covid-19
restrictions are removed in Mexico. To learn more, visit our
website at: http://vvcexpl.com.
|
|
On behalf of
the Board of Directors |
|
|
|
|
|
|
|
|
Michel J. Lafrance, Secretary-Treasurer |
|
|
|
|
For further information, please contact: |
|
|
Patrick Fernet - (514) 631-2727 |
or Trevor Burbank - (214) 641-1041 |
|
pfernet@vvcexploration.com |
trevor@vvcexpl.com |
|
|
|
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
2369 Kingston Road, PO Box 28059 Terry
Town, Scarborough, ON M1N 4E7 – Tel:
416-619-5304
VVC Exploration (TSXV:VVC)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025
VVC Exploration (TSXV:VVC)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025