VVC Confirms Helium Shows Of Up To 1.14% From Its Second Well In Syracuse Project

VVC Confirms Helium Shows Of Up To 1.14% From Its Second Well In Syracuse Project

 

VVC Exploration Corporation ("VVC" or the "Company") received the gas analysis from the Durler 2-21 well ("the Durler") (see news release of May 25, 2022 ) located in the Company's Syracuse Helium Project. Multiple gas samples from the well were sent to the lab for analysis, which confirmed the presence of 1.14% helium in a gas-stream that can be easily refined into high-grade sales quality helium. The Durler was already connected to VVC's helium & natural gas gathering system pipeline and to the Tumbleweed Pipeline and Processing Plant.

 

"As Chairman of the Board, I have seen the immense progress of the VVC team over the past year and am excited about continuing to develop the Company's helium assets," said Dr. Terrence Martell, Chairman of the VVC Board. "This gas analysis shows a helium percentage in the upper range for the area, reinforcing our confidence in the project."

 

  Syracuse Project Highlights:  

 
  • 2 newly drilled and connected wells, Levens #2 and Durler 2-21;
  •  
  • 6 drilled wells waiting for completion and connection to Internal Pipeline;
  •  
  • 7 additional well sites currently permitted and prepped for drilling;
  •  
  • 15 identified well sites currently being permitted;
  •  
  • 50 additional potential well sites;
  •  
  • New leases continue to be added on an opportunistic basis.
  •  

   ADDITIONAL ANNOUNCEMENTS:   

 

  Annual Shareholders Meeting  

 

The Company's 2022 Annual General Meeting of shareholders (the "AGM") will be held virtually on Wednesday, August 31, 2022, at 10:00 am (ET), with a Record Date of July 19. Following the mailing of the Proxy Material to shareholders around July 26, shareholders will be able to download the Proxy Material, including the Information Circular Booklet, from www.sedar.com and/or from the Company's website.

 

Even though many of the Covid-19 restrictions have been lifted, this year's AGM will be a virtual-only meeting, there will be no In-Person voting at the AGM, and all voting must be by Proxy. The deadline for Proxy Voting will be 5:00 pm (ET) on Monday, August 29, 2022, but shareholders are encouraged to vote early. Registration will be required to attend the virtual AGM, either as a shareholder or a guest. Follow the instructions on the website or in the Information Circular. Following the formal business session, management will present an update on the activities and projects, and will be available to answer questions from shareholders, subject of course to respecting Securities Laws regarding "Selective Disclosure".

 

  Loan Announcement:  

 

VVC has received a US$1.25M short-term loan facility from its Chairman of the Board. The loan is due on November 30, 2022 and bears interest at an annual rate based on the Secured Overnight Financing Rate (SOFR) plus 2.75%. The loan is secured by a 0.5% interest in the Company's interest in Proton Green LLC.

 

This financing will allow the Company to accelerate and expand its current helium production while it develops additional areas in its Syracuse Project.

 

   About VVC Exploration Corporation 
 
VVC is a publicly traded Canadian-based mining exploration and development company listed on the TSX Venture Exchange (TSX-V:VVC). With the addition of Plateau Helium Corporation ("PHC"), VVC is a Helium and natural gas producing company. VVC's portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico and the Helium Projects owned by its wholly owned subsidiary, PHC. VVC is currently focused on the Helium Projects owned by PHC and will resume the development of Gloria Copper Project as soon as Covid-19 restrictions are lifted in the region. To learn more, visit our website at: https://vvcexpl.com  

 
                     
   On Behalf of the board of Directors
   
   Michel J. Lafrance, Secretary-Treasurer
   
  For further information, please contact:    
Patrick Fernet - (514) 631-2727 or Trevor Burbank - (214) 641-1041
  pfernet@vvcexploration.com     trevor@vvcexpl.com  
 

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.    

 

  2369 Kingston Road, PO Box 28059 Terry Town, Scarborough, ON M1N 4E7 Tel: 416-619-5304  

 

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VVC Resources (TSXV:VVC)

VVC Resources

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Engaging in the exploration, development, and management of natural resources

VVC Appoints New President & Grants Options

VVC Appoints New President & Grants Options

 

VVC Exploration Corporation, dba VVC Resources, ("VVC"), (TSX-V:VVC and OTCQC:VVCVF) announces the following:

 

   Appointment of Officers   

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Update on Syracuse Project and Spudding of Josephine Mack 1-18 Well

Update on Syracuse Project and Spudding of Josephine Mack 1-18 Well

 

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the completion of Levens 4-31 well in the Syracuse Project as well as the commencement of drilling activities at the Josephine Mack 1-18 well, marking the initiation of the Company's first test well within the Stockholm Project located in Wallace County, Kansas.

 

  Progress In Syracuse Project With Completion of Levens 4-31  

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Rework of a Pre-Existing Oil Well in Southwest Kansas

Rework of a Pre-Existing Oil Well in Southwest Kansas

 

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the rework of a pre-existing oil well in southwest Kansas as a test for oil production in the region.

 

  Initiation of Ardery Oil Well Rework  
Building on its experience in natural resource management, especially recent work in Kansas, VVC has leveraged its subsurface mineral rights to examine the feasibility of oil production in an area where the Company is already involved in helium and natural gas production. Through geological due diligence, VVC has confirmed the potential for oil production within the area. This confirmation aligns with historic data indicating over 12 million barrels of oil production directly north of Ardery well site.

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Update on Syracuse Gas Gathering & Saltwater Disposal System

Update on Syracuse Gas Gathering & Saltwater Disposal System

 

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following update on its ongoing Syracuse HeliumNatural Gas Project in Kansas:

 

  Completion and Operational Status of Syracuse Gas Gathering System
The Company has completed and is operating its Syracuse Gas Gathering system. This state-of-the-art pipeline infrastructure is designed to service the entire 16,000-acre project and is pivotal in the Company's ability to efficiently market its natural gas. Now that the core system is in place, only lateral lines will need to be added to this system. The system facilitates a robust connection to the Tumbleweed pipeline, where the Company has secured a sale contract for helium, natural gas, and other valuable natural gas liquids. The operationalization of this system underscores the Company's commitment to leveraging advanced technologies for optimized resource management and market responsiveness.

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Update on Syracuse Helium/Natural Gas Project

Update on Syracuse Helium/Natural Gas Project

 

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following update on its ongoing Syracuse HeliumNatural Gas Project in Kansas:

 

  Successful Production Commencement at Durler 2-21  

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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

Juggernaut Closes $1,100,000 from Institutions and Accredited Investors

 

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 8, 2025 TheNewswire - Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the "Company" or "Juggernaut"), further to its June 4, June 12, and June 16, 2025, news releases, the Company is pleased to announce that it has closed its private placement financing (the "Financing") for aggregate gross proceeds of $1,100,000.

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Noble Reports on Canada Nickel's Continued Exploration Success at MacDiarmid, Provides Exploration Update

 

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