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Longhorn Exploration Corp
Symbol LEX
Shares Issued 8,648,000
Close 2024-07-03 C$ 0.38
Market Cap C$ 3,286,240
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Longhorn Exploration starts Lily Rock work program

2024-07-04 10:00 ET - News Release

Mr. Anthony Zelen reports

LONGHORN INITIATES INNOVATIVE WORK PROGRAM ON LILY ROCK HYDROGEN PROJECT IN KANSAS

Longhorn Exploration Corp. has started its comprehensive work program on the Lily Rock hydrogen project in Kansas, United States. This strategic initiative aims to leverage advanced technologies and integrated methodologies to uncover and evaluate potential natural hydrogen resources.

The work program is expected to consist of initial mapping field surveys. These efforts will generate magnetic anomaly maps, identify structural characteristics and analyze geochemistry, providing critical insights into the geological features of the area.

In addition, groundwater studies will play a pivotal role in the exploration process. These studies will focus on determining the dissolved gas composition, deep gas origins, groundwater residence age, and fluid transport modes. By understanding these factors, Longhorn Exploration, and its partner PureWave Hydrogen Corp., can better assess the potential of the Lily Rock hydrogen project and make informed decisions for future exploration and development.

To further enhance the accuracy and comprehensiveness of the study, satellite data will be employed. These will provide a broad overview of the prospect area, helping to identify key geological features and areas of interest.

"Our integrated approach aims to provide a thorough understanding of the structural and geochemical features of the Kansas hydrogen leases," said Anthony Zelen, chief executive officer of Longhorn Exploration. "By utilizing cutting-edge technologies such as drones and satellite-derived data, combined with detailed groundwater studies, we are positioning ourselves to make well-informed decisions that will drive the success of our exploration and development efforts."

Longhorn Exploration remains committed to employing innovative strategies and state-of-the-art technologies in its pursuit of unlocking the full potential of its assets. The findings from this work program will serve as a cornerstone for future exploration activities and contribute to the company's continuing growth and success.

About the Lily Rock hydrogen project

The Lily Rock hydrogen project is located in eastern Kansas, U.S. The Lily Rock prospects sit on the southeast side of the crest of a mapped four-way dip basement closure that itself sits upthrown along the major northeast-to-southwest-trending Nemaha Ridge. The leases are in Wabaunsee county and within an area geologically contiguous with the Sue Duroche No. 2 well which has a reported test with a hydrogen content of over 90 per cent. The company's prospect area, located in fault-bounded structures adjacent to the Humbolt fault, is significant. It sits within the Mid-Continent Rift zone, where Paleozoic reservoirs, closely associated with hydrogen generation and migration, are concentrated, making it an attractive site for further investigation. It is the fractured basement that is the current focus of the company's exploration efforts and where the assessed volumes of prospective resources are located.

For further information, including a copy of the company's resource report entitled Evaluation of the Prospective Hydrogen Resources for Lily Rock Project in Eastern Kansas (as of June 1, 2024) and dated June 11, 2024, visit the Longhorn website or SEDAR+.

About PureWave Hydrogen Corp.

PureWave Hydrogen is a Colorado-based company with its mission to pioneer the discovery and development of white (natural) hydrogen resources across North America.

PureWave Hydrogen's vision is that white (natural) hydrogen can fundamentally transform the energy landscape, offering a sustainable alternative to traditional fossil fuels. Its commitment to sustainability and innovation underpins its plans to explore for natural hydrogen deposits in strategic regions of the United States and Canada, including the significant midcontinent rift system. Leveraging state-of-the-art geospatial data and analytical tools, its team is dedicated to identifying high-potential locations for natural hydrogen extraction.

About Longhorn Exploration Corp.

Longhorn Exploration has the exclusive right and option to acquire PureWave Hydrogen's rights and obligations under three lease agreements, located in Kansas, U.S., known as the Lily Rock hydrogen project, which allow for the prospecting, exploration, drilling and production of any substance including hydrogen gas.

The company also has an option to acquire a 100-per-cent interest and title to the Fame property located in the Clinton mining division, British Columbia.

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