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Vancouver, British Columbia – July 4, 2024 – TheNewswire: Longhorn Exploration Corp. (TSX-V: LEX) (“Longhorn Exploration” or the “Company”) announces the commencement of its comprehensive work program on the Lily Rock Hydrogen Project in Kansas, USA. This strategic initiative aims to leverage advanced technologies and integrated methodologies to uncover and evaluate potential natural hydrogen resources.
The work program is expected to consist of initial mapping field surveys. These efforts will generate magnetic anomaly maps, identify structural characteristics, and analyze geochemistry, providing critical insights into the geological features of the area.
In addition, groundwater studies will play a pivotal role in the exploration process. These studies will focus on determining the dissolved gas composition, deep gas origins, groundwater residence age, and fluid transport modes. By understanding these factors, Longhorn Exploration, and its partner PureWave Hydrogen Corp., can better assess the potential of the Lily Rock Hydrogen Project and make informed decisions for future exploration and development.
To further enhance the accuracy and comprehensiveness of the study, satellite data will be employed. This will provide a broad overview of the prospect area, helping to identify key geological features and areas of interest.
"Our integrated approach aims to provide a thorough understanding of the structural and geochemical features of the Kansas hydrogen leases," said Anthony Zelen, CEO of Longhorn Exploration. "By utilizing cutting-edge technologies such as drones and satellite-derived data, combined with detailed groundwater studies, we are positioning ourselves to make well-informed decisions that will drive the success of our exploration and development efforts."
Longhorn Exploration remains committed to employing innovative strategies and state-of-the-art technologies in its pursuit of unlocking the full potential of its assets. The findings from this work program will serve as a cornerstone for future exploration activities and contribute to the Company’s ongoing growth and success.
About the Lily Rock Hydrogen Project
The Lily Rock Hydrogen Project is located in eastern Kansas, USA. The Lily Rock prospects sit on the southeast side of the crest of a mapped four-way dip basement closure that itself sits upthrown along the major north-east to south-west trending Nemaha Ridge. The leases are in Wabaunsee County and within an area geologically contiguous with the Sue Duroche #2 well which has a reported test with a hydrogen content of over 90%. The Company’s prospect area, located in fault-bounded structures adjacent to the Humbolt Fault, is significant. It sits within the Mid-Continent Rift Zone, where Paleozoic reservoirs, closely associated with hydrogen generation and migration, are concentrated, making it an attractive site for further investigation. It is the fractured basement that is the current focus of the Company’s exploration efforts and where the assessed volumes of prospective resources are located.
For further information, including a copy of the Company’s resource report entitled “Evaluation of the Prospective Hydrogen Resources for Lily Rock Project in Eastern Kansas” (As of June 1, 2024) and dated June 11, 2024, visit: www.longhornexploration.com and SEDAR+ at www.sedarpus.ca.
About PureWave Hydrogen Corp.
PureWave Hydrogen Corp. is a Colorado based company with its mission to pioneer the discovery and development of white (natural) hydrogen resources across North America.
PureWave Hydrogen’s vision is that white (natural) hydrogen can fundamentally transform the energy landscape, offering a sustainable alternative to traditional fossil fuels. Its commitment to sustainability and innovation underpins its plans to explore for natural hydrogen deposits in strategic regions of the United States and Canada, including the significant midcontinent rift system. Leveraging state-of-the-art geospatial data and analytical tools, its team is dedicated to identifying high-potential locations for natural hydrogen extraction.
For further information visit: www.purewavehydrogen.com.
About Longhorn Exploration Corp.: Longhorn Exploration Corp. has the exclusive right and option to acquire PureWave Hydrogen’s rights and obligations under three lease agreements, located in Kansas, USA, known as the “Lily Rock Hydrogen Project”, which allow for the prospecting, exploration, drilling and production of any substance including hydrogen gas. The Company also has an option to acquire a 100% interest and title to the Fame property located in the Clinton Mining Division, British Columbia.
Contact Information - For more information, please contact:
Anthony Zelen, Chief Executive Officer & Director
Tel: 778-388-5258
E-mail: anthony@longhornexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the planned work program on the Lily Rock Hydrogen Project and the expected outcomes, the Company’s plans, the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements.
All information contained in this news release with respect to PureWave Hydrogen was supplied by PureWave Hydrogen.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and hydrogen, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of viruses and diseases on the Company’s ability to operate, failure to secure the equipment and personnel necessary to carry out work programs, decrease in the price of gold, copper and other metals and hydrogen, failure to maintain community acceptance (including first nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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