80 Mile plc ('80 Mile' or the 'Company'), the AIM, FSE listed and Pink-Market traded exploration and development company with projects in Greenland and Finland, is pleased to announce the identification of significant concentrations of natural hydrogen, along with helium, in two historical drill holes at its Hammaslahti Project, Finland. These findings mark a major advancement in the Company's exploration efforts, highlighting the potential of the Hammaslahti region for industrial gas resources.
Highlights:
- Natural Hydrogen Detection: Surface sampling at two historical drill holes has resulted in natural hydrogen concentrations reaching 1000 ppm, representing the upper detection limit of the portable equipment used and indicating the strong potential for higher concentrations. The presence of hydrogen flowing at such concentrations at surface suggests substantial subsurface gas accumulations and highlights the potential for hydrogen resource development in the region.
- Helium Measurement: Helium was detected flowing at surface at one historical drill hole, with readings reaching up to 8.90% and stabilising at 7.10%.
- First Surface Detection of Natural Hydrogen and Helium: This marks the first documented occurrence of hydrogen and helium detected flowing to the surface in the Hammaslahti area. This detection is a notable advancement, indicating the potential for economically recoverable gas deposits within the area.
- Extensive Historical Dataset: The Company's Hammaslahti license area contains over 600 historical drill holes, providing a substantial geological dataset enhancing the Company's ability to efficiently target additional hydrogen and helium prospects. This comprehensive data will support rapid exploration and resource assessment.
- Acceleration of Exploration Efforts: The positive results from surface sampling will enable the Company to expedite its exploration activities. These surface readings provide a solid foundation for continued evaluation of the Hammaslahti project's potential as an industrial gas resource.
The detection of geological hydrogen and helium at surface at the Hammaslahti Project aligns with 80 Mile's broader strategy to diversify its resource base and expand its industrial gas portfolio. These measurements build upon previous exploration successes and offer a unique opportunity to position the Company as a leader in hydrogen and helium exploration in Finland. In light of these findings, 80 Mile intends to continue and intensify its gas sampling programme across its Finnish licenses, further evaluating the region's industrial gas potential.
Eric Sondergaard, Managing Director of 80 Mile, commented:
"The detection of hydrogen and helium at Hammaslahti is a major development for 80 Mile, reinforcing the exceptional potential of this region for industrial gas resources. Hydrogen is a key component in the global shift towards cleaner energy, and the presence of helium - an increasingly critical resource for advanced technologies- further enhances the strategic value of this project. These results underscore the significant opportunities that lie ahead for Hammaslahti, and we remain fully committed to expanding our exploration efforts and delivering meaningful, long-term value for our shareholders."
