# Helium One Global reports continued progress at Eyasi and Balangida

- Link: https://www.directorstalkinterviews.com/helium-one-global-reports-continued-progress-at-eyasi-and-balangida/4121093190
- Published: 2022-12-05T07:17:35+00:00
- Author: Giles

**Helium One Global** ([LON:HE1](https://www.directorstalkinterviews.com/company/helium-one-global/he1.l)),
the primary helium explorer in Tanzania, has announced the completion of analysis
of its proprietary high resolution Falcon Airborne Gravity Gradiometry and aero-
magnetic data over the Balangida Rift Basin.  This work will lead to further helium
gas exploration target generation in Balangida widening the overall Company opportunity
in Tanzania.

**Summary**

·    Balangida Rift Basin has the presence of high-grade helium macro seeps enriched
with other high-value noble gasses

·    Recent field work sampling showing 6.2%-6.4% helium and 2.0% argon

·    3D Inversion study created detailed maps of depth to basement across the Balangida
Rift Basin

·    Increased knowledge of depth to basement and sediment thickness

·    Greater understanding of rift geometry, basin evolution and subsurface structure
to aid exploration programme 

·    Developed advanced workflow integrating proprietary high-resolution Falcon 
AGG data with regional aero-magnetic, land-based gravity and radiometric data for
improved calibration

·    Technique will now be applied to data for the Eyasi Basin to enable the evaluation
of prospectivity potential of both basins and plan further exploration

> **David Minchin, Helium One Global** **Chief Executive Officer, commented:**
> _“With so much operational focus on the Rukwa Rift Basin, where we are targeting
> drilling in Q1 2023, I am pleased to be able to report continued progress at Eyasi
> and Balangida.  There is potential for these basins to have salt deposits in the
> younger stratigraphy, and the Balangida Rift Basin is likely to contain volcanic
> tuffs, both of which have the capacity to be effective top-seals.  Furthermore,
> the Balangida Rift Basin offers potential for other high-value noble gasses with
> recent seep analysis assays showing 2% argon._
> _“Helium One holds prospecting licences totalling_ 2,966_km^(2) across the Tanzanian
> Helium Fairway.  Following a successful exploration campaign at Tai, the work 
> we have commenced now will allow us to fast-track the development of our portfolio
> of projects and become a strategic player in resolving a supply-constrained helium
> market.”_

> **Lorna Blaisse, Principal Geologist, commented:**
> _“In collaboration with Getech, the technical team have developed an innovative
> workflow, using our own Falcon AGG data with a range of remote, regional and land-
> based geophysical datasets.  Sophisticated compound data analysis improves our
> confidence in the results of the inversion study, giving better understanding 
> of rift geometry, basin evolution and subsurface structure to aid our exploration
> programme._
> _“The workflow developed at Balangida has demonstrated robust analytical techniques
> that can now be applied to regional data over the Eyasi Rift Basin.  This will
> enable the technical team to evaluate prospectivity potential in both basins and
> to plan for further geophysical studies in 2023 as we progress our exploration
> programme.” _

**Background**

Helium One have partnered with leading global gravity and magnetic geophysical specialists
Getech in completing a 3D inversion study of high resolution Falcon AGG and aero-
magnetic data over the Balangida Rift Basin, north-west Tanzania.

The Balangida Rift Basin is the smallest of the Company’s exploration projects, 
totalling 260km^(2) in a single prospecting licence.  However, the basin is host
to numerous high-grade, helium / nitrogen seeps, as well as indications of argon.
Younger stratigraphy may contain salt deposits and there is potential for volcanic
tuffs being deposited, improving potential for a well-developed top seal. 

Seep sampling undertaken by the Company in June / July 2022 identified numerous 
helium soil-in-gas anomalies. Macro-seep sampling identified high-grade helium (
6.2% – 6.4% He) with a predominantly nitrogen carrier gas.  Additionally, these 
results included elevated readings for argon (2.0% Ar), a high-value noble gas used
in high-temperature industrial processes where ordinarily non-reactive substances
become reactive. Global argon markets are expected to grow at 5.5% CAGR to 2030,
offering potential to develop argon as a valuable by-product to any future helium
discovery.

The gravity-magnetic 3D inversion study has included the development of an advanced
data analytical workflow, integrating proprietary high-resolution Falcon AGG data
with regional aero-magnetic, land based gravity and radiometric data for improved
model calibration.

The completed study has generated a detailed series of maps, increasing our knowledge
of depth to basement and sediment thickness across the Balangida Rift Basin, and
allowed greater understanding of rift geometry, basin evolution and subsurface structure
to aid the development of our ongoing exploration programme.

The technique successfully developed at Balangida will now be applied to the available
data we have covering the Eyasi Basin.   Getech have commenced this phase of the
work, with internal technical workshops planned throughout December to review the
results.  Conclusions of this work will allow the technical team to draft a forward
work programme for both basins, with a view to acquiring 2D seismic in 2023.

Successful drilling at Tai will allow the Company to accelerate exploration across
both basins towards drill-ready status, expanding our portfolio of world-class, 
high-grade, primary helium exploration assets.

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