For the seventh consecutive time, Pulsar Helium has struck helium near Babbitt.
The international helium developer said it has hit a pressurized zone in the seventh appraisal well it’s drilled at its Topaz Project.
“Intersecting pressurized gas at over 2,100 feet with a bottom- hole pressure approaching 1,000 psi is an exceptional technical result and continues to validate our geological model at Topaz,” Thomas Abraham-James, Pulsar Helium president and chief executive officer said in a news release. “Jetstream #7 demonstrates that the system remains strongly pressurized at increasing depths, which is highly encouraging as we advance the appraisal program. With a planned total depth of 3,000 feet and the flexibility to deepen to 5,000 feet, we are well positioned to further evaluate the vertical extent and reservoir characteristics of this heliumbearing zone.”
It’s yet another sign of a large helium reservoir at the site.
Pulsar Helium has struck helium in all seven appraisal wells it’s drilled at the site, achieving a 100 percent success rate, Pulsar Helium said.
Gas was encountered at about 2,107 feet in the seventh well, Pulsar Helium said.
A preliminary bottom-hole pressure of approximately 953 psi was indicated, indicating a robustly pressurized reservoir system at a greater depth relative to other previous wells at the site, the company said.
The Jetstream #7 findings supports the presence of an active and laterally extensive gas-bearing system at the site, the company said.
Analysis has shown helium- 3 levels from the site to be among the highest levels on earth, Pulsar Helium has said.
Helium-3isusedinquantum computing, fusion and in other applications, the company said.
Pulsar Helium’s drilling program is designed to define the extent and productivity of the reservoir, according to Pulsar Helium.
A seismic testing program at the site was recently completed.
Pulsar Helium in 2024 first struck helium at the site in its first appraisal well, Jetstream #1.
The well was drilled about 50 feet away from a hole that Duluth Metals in 2011 hit helium while conducting copper and nickel exploration.
That finding led to Pulsar Helium’s exploration of the site.
All of Pulsar Helium’s wells at the site are on private land.
Pulsar Helium holds mineral rights on 4,181 acres of private land at the site.
Pulsar Helium has said it plans to drill up to ten appraisal wells at the site.
The company hopes to develop a commercial helium operation from the site. If developed, it would be Minnesota’s first commercial helium operation.
It would also mean development of a new business in northeastern Minnesota.
The Babbitt area site sits amid the Duluth Complex, an estimated 9.4 billion ton reserve of undeveloped critical minerals such copper, nickel, cobalt, and platinum group metals.
Pulsar Helium has headquarters in British Columbia and Portugal.
It also has a helium project in Greenland called Tunu.
