Gold Hydrogen Ltd (ASX:GHY) MD Neil McDonald tells Proactive the company encountered significant concentrations of hydrogen and helium during drilling at the Ramsay 1 well, confirming historical findings and demonstrating the presence of an active hydrogen resource at shallow depths at the Ramsay Project on South Australias Yorke Peninsula. Ramsay 1, Australias first dedicated natural hydrogen exploration well, was successfully drilled to a depth of 1,005 metres on October 28 and was completed on schedule, under budget and without any health, safety or environmental incidents. The company is now preparing to drill the Ramsay 2 well to further appraise the projects prospective resource with this well expected to spud in the middle of November.
Gold Hydrogen is focused on the discovery and development of world class natural hydrogen gas in a potentially extensive natural hydrogen province in South Australia. This region has only recently had its natural hydrogen potential identified by the Company. The domestic and global demand for hydrogen, combined with new natural hydrogen exploration techniques and experienced personnel, provides Gold Hydrogen with an extraordinary opportunity to define and ultimately develop a new natural hydrogen gas province.
The combined natural hydrogen permit area of the Gold Hydrogen group is approximately 75,332km2. Gold Hydrogen holds one granted petroleum exploration license (the Ramsay Project – PEL 687) and its two 100% owned subsidiary companies (White Hydrogen Australia and Byrock Resources) hold an additional seven (7) applications for natural hydrogen exploration within South Australia.
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Gold Hydrogen Ltd
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