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Desert Mountain Energy Corp
Symbol DME
Shares Issued 36,645,051
Close 2019-07-29 C$ 0.17
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Desert Mountain completes seismic studies at Holbrook

2019-07-30 07:34 ET - News Release

Mr. Irwin Olian reports


Desert Mountain Energy Corp. has successfully completed all of its planned 2-D seismic studies in the Holbrook basin of northeastern Arizona. The geophysics program was carried out by Bird Seismic of Globe, Ariz., highly experienced local geophysics professionals with an outstanding reputation for quality work product and strong familiarity with the region. The work program was carried out under the direction of Robert Rohlfing, company head of technical operations. The program was carefully planned to avoid any archeologically sensitive areas and utilized lightweight, non-invasive equipment.

The program comprised approximately 15 miles of 2-D seismic lines across five separate areas, which encompassed three distinctly different geological settings, each of which was highly prospective for helium gas reservoirs. The company's geological team had carried out mapping and geological studies during the past year which identified numerous structural features throughout the basin which had the geologic prerequisites to serve as successful trapping mechanisms for helium which had been created in the basin. At the same time, available data from logs from historic wells drilled for oil, gas, potash and water in the basin revealed the presence of helium gas in several of the zones identified. The company's geologic team arranged the 2-D seismic program in order to obtain more detailed geophysics information about the underlying structures in areas of the basin it viewed as most prospective.

Management is delighted to report that a cursory review of the preliminary data set from the seismic program by the company's geologic team reveals considerable structure in those key areas where it was anticipated to be found. The data are now being fully processed and are being sent out for interpretation by an independent geophysics firm familiar with the region. Upon completion of that work shortly, the company will finalize its initial drill targets and move to complete and file its drill permit applications with the Arizona Department of Land as expeditiously as possible. A further update will be provided shortly.

About Desert Mountain Energy Corp.

The company is an exploratory resource company engaged in exploration and development of helium, oil and gas, and mineral properties in the southwestern United States. Until Sept. 5, 2018, the company also owned the Yellowjacket gold project in Atlin, B.C., which it had been developing. The company has its executive offices in Vancouver, Canada.

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