Desert Mountain Energy Commences Drilling the Second Well of its Helium Program in Arizona''s Holbrook Basin

ID: 1559321
recent pressrelease next pressrelease

(businesspress24) - Vancouver, British Columbia - DESERT MOUNTAIN ENERGY CORP. (the Company) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01)) is pleased to announce that it has commenced drilling its second helium well in Arizonas Holbrook Basin. DME Well No. State 16-1 (API No. 02-017-20131) was spudded in Navajo County in the central portion of the Basin approximately one mile to the SW of our first well, DME Well No. State 10-1(API No. 02-017-20130). The well is anticipated to be drilled to a maximum total depth of approximately 2790 ft. The Companys technical team has identified five potential target zones for helium bearing gas at varying depths.

According to Irwin Olian, CEO of the Company, We are very excited with progress to date on our helium drill program in Arizona. After we have drilled this second well to the desired total depth and set and cemented desired casing, we plan to bring in a completion rig to sample and test each of the first two wells for helium content, full gaseous composition and pressure, with a view toward determining commercial viability.

About Desert Mountain Energy

The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.


Irwin Olian---
Irwin Olian
Chairman & CEO

For more information, contact:

Irwin Olian, President and CEO
E-mail: tigertail(at)
Phone: (213) 300-3200

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Companys expectations.

More information:

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: irw
print pressrelease  send to a friend  

Date: 07/08/2020 - 14:02
Language: English
News-ID 1559321
Character count: 6357
Firma: Desert Mountain Energy Corp.
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Wien


Number of hits: 623


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 64

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.