Vox Markets Logo

Pulsar highlights potential of Greenland assets, after passive seismic survey at Kap Tobin

08:49, 30th January 2025
Alastair Ford
Vox Newswire
TwitterFacebookLinkedIn

Pulsar Helium Inc (PLSRFollow | PLSRhas received the interpretation of a passive seismic survey conducted at the Kap Tobin prospect within the Tunu project, Greenland. 

The data was collected in the summer of 2024 and interpretation received this month.

The interpretation posits two main low velocity anomaly zones that fit surface observations of a hydrothermal zone and fault associated with gas emissions containing up to 0.8% helium.

The survey used 150 passive seismic sensors deployed at an average interstation distance of 100 metres.

Unexpectedly low velocities suggest the rock is more fractured than anticipated.  This could aid helium exploration, as fractures provide spaces for the gas to accumulate and become trapped underground.

These low-velocity zones offer clear targets for drilling exploratory wells for helium and potential associated geothermal energy production. 

Pulsar will integrate these passive seismic results with existing geological and geochemical data to refine its exploration model and identify optimal locations for future drilling. 

Given the positive results to date, the company may look for a strategic partners to advance the Tunu project while it focuses on realising the helium production potential at its Topaz project in Minnesota, USA.

"The completion of this passive seismic survey at the Kap Tobin prospect in Greenland marks a significant milestone in our exploration efforts at the Tunu project,” said Thomas Abraham-James, chief executive of Pulsar. 

“The identified low velocity anomalies, coupled with our previous helium shows in the area, reinforce our confidence in the project's potential not only for helium, but also geothermal energy. These results provide valuable insights into the subsurface structure and will guide our future exploration and development strategies."

 

View from Vox

 

The news this month has been all about success Pulsar’s Minnesota project, so it’s useful to be reminded that the company has other strings to its bow. Greenland has been moving onto investors’ radars too, after President Trump put the territory at the forefront of global politics for the first time in living memory. 

 

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Watchlist