MAX Power Nearly Triples Size of Rider Natural Hydrogen Project, Stakes 2,112 Additional Sq. Km
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) has nearly tripled the size of its Rider Natural Hydrogen Project in southeast Saskatchewan, making it Canada's largest Natural Hydrogen target area. The company has staked an additional 2,112 sq. km, bringing the total coverage to 3,356 sq. km. Highlights include:
- Historical hydrogen grades up to 87.1% in the new Tribune Block
- Expanded Torquay-Rocanville Corridor based on newly-identified historical Natural Hydrogen occurrences
- Eight new claim blocks added, each showing potential upward migration of hydrogen
- Favorable geology and policy framework position Saskatchewan for potential first North American Natural Hydrogen production
The company is designing a program to verify the existence of naturally occurring hydrogen trends and continues to review datasets to build on its first-mover advantage in the Natural Hydrogen sector in Canada and the United States.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) ha quasi triplicato la dimensione del suo Progetto di Idrogeno Naturale Rider nel sud-est del Saskatchewan, rendendolo l'area target di Idrogeno Naturale più grande del Canada. L'azienda ha rivendicato ulteriori 2.112 km², portando la copertura totale a 3.356 km². Le novità includono:
- Gradi storici di idrogeno fino a 87,1% nel nuovo Blaock Tribune
- Corridoio Torquay-Rocanville ampliato sulla base di nuovi casi storici di Idrogeno Naturale identificati
- Otto nuovi blocchi di richiesta aggiunti, ognuno mostra un potenziale spostamento verso l'alto dell'idrogeno
- Geologia favorevole e quadro normativo posizionano il Saskatchewan per una potenziale prima produzione di Idrogeno Naturale in Nord America
L'azienda sta progettando un programma per verificare l'esistenza di tendenze di idrogeno naturalmente occorrenti e continua a esaminare i dataset per consolidare il proprio vantaggio da pioniere nel settore dell'Idrogeno Naturale in Canada e negli Stati Uniti.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) ha casi triplicado el tamaño de su Proyecto de Hidrógeno Natural Rider en el sureste de Saskatchewan, haciéndolo la área objetivo de Hidrógeno Natural más grande de Canadá. La empresa ha reclamado 2.112 km² adicionales, llevando la cobertura total a 3.356 km². Los aspectos destacados incluyen:
- Grados históricos de hidrógeno de hasta 87,1% en el nuevo Bloque Tribune
- Corredor Torquay-Rocanville ampliado basado en nuevas ocurrencias históricas de Hidrógeno Natural identificadas
- Se han agregado ocho nuevos bloques de reclamación, cada uno mostrando un potencial de migración ascendente de hidrógeno
- Geología favorable y un marco regulatorio posicionan a Saskatchewan para una potencial primera producción de Hidrógeno Natural en América del Norte
La empresa está diseñando un programa para verificar la existencia de tendencias de hidrógeno de origen natural y continúa revisando conjuntos de datos para fortalecer su ventaja como pionero en el sector del Hidrógeno Natural en Canadá y los Estados Unidos.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF)는 남동부 사스카츠완에 있는 Rider 천연 수소 프로젝트의 크기를 거의 세 배로 늘렸습니다, 이로 인해 캐나다에서 가장 큰 천연 수소 목표 지역이 되었습니다. 이 회사는 2,112 평방킬로미터를 추가로 차지하여 총 면적은 3,356 평방킬로미터에 이릅니다. 주요 내용은 다음과 같습니다:
- 새로운 Tribune 블록에서 역사적인 수소 농도 87.1%까지
- 새롭게 식별된 역사적 천연 수소 발생 기반의 Torquay-Rocanville 회랑 확대
- 수소의 상승 이동 가능성을 보이는 여덟 개의 새로운 청구 블록 추가
- 유리한 지질학과 정책 프레임워크가 사스카츠완을 북미 최초의 천연 수소 생산 가능성으로 위치시킴
회사는 자연 발생하는 수소 경향의 존재를 확인하기 위한 프로그램을 설계하고 있으며, 천연 수소 분야에서 캐나다와 미국의 선도적 지위를 강화하기 위해 데이터 세트를 계속 검토하고 있습니다.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) a quasi triplé la taille de son projet d'hydrogène naturel Rider dans le sud-est du Saskatchewan, en faisant la plus grande zone cible d'hydrogène naturel au Canada. L'entreprise a revendiqué 2 112 km² supplémentaires, portant la couverture totale à 3 356 km². Les faits saillants incluent :
- Taux historiques d'hydrogène allant jusqu'à 87,1% dans le nouveau bloc Tribune
- Corridor Torquay-Rocanville élargi sur la base de nouvelles occurrences historiques d'hydrogène naturel identifiées
- Huit nouveaux blocs de revendication ajoutés, chacun montrant un potentiel de migration ascendante de l'hydrogène
- Géologie favorable et cadre politique positionnant le Saskatchewan pour une potentielle première production d'hydrogène naturel en Amérique du Nord
L'entreprise conçoit un programme pour vérifier l'existence de tendances d'hydrogène naturellement présentes et continue d'examiner des ensembles de données pour renforcer son avantage de premier arrivé dans le secteur de l'hydrogène naturel au Canada et aux États-Unis.
MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) hat die Größe seines Rider Natural Hydrogen Projekts im Südosten von Saskatchewan fast verdreifacht und damit das größte Zielgebiet für natürlichen Wasserstoff in Kanada geschaffen. Das Unternehmen hat zusätzlich 2.112 km² beansprucht und bringt die gesamte Fläche auf 3.356 km². Die Höhepunkte umfassen:
- Historische Wasserstoffgehalte von bis zu 87,1% im neuen Tribune Block
- Erweiterter Torquay-Rocanville-Korridor auf Basis neu identifizierter historischer Vorkommen von natürlichem Wasserstoff
- Acht neue Ansprüch-Blöcke hinzugefügt, die alle ein Potenzial für eine Aufwärtsmigration von Wasserstoff zeigen
- Günstige Geologie und ein politischer Rahmen positionieren Saskatchewan für die potenzielle erste Produktion von natürlichem Wasserstoff in Nordamerika
Das Unternehmen entwirft ein Programm zur Überprüfung der Existenz von natürlich vorkommenden Wasserstofftrends und prüft weiterhin Datensätze, um von seinem frühen Vorteilsposition im Bereich des natürlichen Wasserstoffs in Kanada und den Vereinigten Staaten zu profitieren.
- Nearly tripled the size of Rider Natural Hydrogen Project to 3,356 sq. km
- Historical hydrogen grades up to 87.1% in new Tribune Block
- Expanded Torquay-Rocanville Corridor based on new historical Natural Hydrogen occurrences
- Eight new claim blocks added, each showing potential for hydrogen migration
- Saskatchewan's favorable geology and policy framework for Natural Hydrogen exploration
- None.
Historical Hydrogen Grades Up To
VANCOUVER, British Columbia, Aug. 06, 2024 (GLOBE NEWSWIRE) -- MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) has nearly tripled the size of its recently announced Rider Natural Hydrogen Project along the expanded Torquay-Rocanville Corridor in southeast Saskatchewan (refer to August 1, 2024 news release).
Highlights:
- Rider is Canada’s largest Natural Hydrogen target area and now covers 3,356 sq. km with MAX Power’s staking of an additional eight claim blocks comprising 2,112 sq. km;
- Extensive research and data modelling have demonstrated that the favorable Torquay-Rocanville Corridor extends significantly to the east based on newly-identified historical Natural Hydrogen occurrences and favorable geology;
- The additional staking also includes a large claim block (“Tribune”) contiguous to the south and west of the Weyburn Block announced August 1, 2024. At Tribune, an
87.1% historical hydrogen showing in an old well is very close to a major lineament approximately 40 km due south of the96.4% hydrogen showing at Weyburn; - Each of these additional claim blocks, under application, includes evidence of potential upward migration of hydrogen to surface, possibly through serpentinization or fracture zones.
Mr. Rav Mlait, MAX Power CEO, commented: “What our leading team of Natural Hydrogen experts are finding in Saskatchewan is truly quite remarkable in terms of historical data and the broader geological context for this potential alternate energy source. This is ticking all the boxes on our proprietary model, putting Saskatchewan in a very favorable position for the discovery of North America’s first ‘deposits’ or accumulations of naturally occurring hydrogen gas.”
Highlights of Newly-Acquired Claim Blocks
“Tribune”
The Tribune Block is a large east-west orientated area contiguous to the Weyburn Block. There are a series of wells with anomalous hydrogen data. The most significant value is
“Bromhead”
The Bromhead Block is situated in between the Tribune and Torquay blocks. This area starts at the U.S. border and continues northward to the village of Bromhead. Clusters of hydrogen showings are present in historic wells, especially an east-west trend just north of the international border.
“Alameda”
The Alameda Block is situated just west of the town of Alameda and a short distance northeast of the city of Estevan and next to the Lampman West Block. There are several wells of interest on this property with hydrogen values as high as
“Torquay”
The Torquay Block is situated west of Estevan near the village of Torquay where hydrogen values in historical wells are as high as
“Macoun”
The Macoun Block is oriented NW-SE and is located northwest of Estevan and past the town of Midale. Macoun is situated along the Elbow-Weyburn Lineament, the same structure that’s very close to the
“Estevan and Estevan North”
The Estevan and Estevan North Blocks are situated near the city of Estevan and stretch from the U.S. border north toward the Lampman West Block. There are wells with anomalous hydrogen values. Several NW-SE striking lineaments terminate in the area, notably the Winnipegosis Lineament.
“Kisbey”
The Kisbey Block is situated between the Stoughton, Midale and Lampman West Blocks. Several wells have historical hydrogen values as high as
Moving Forward
- Geologists are designing a near-term program to verify and validate the existence of a naturally occurring hydrogen trend or trends at Rider;
- MAX Power continues to review an extensive array of datasets in Saskatchewan and elsewhere with an aggressive plan to further build on its first mover advantage in the Natural Hydrogen sector in Canada and the United States;
- Pro-energy and pro-business Saskatchewan is exceptionally positioned to become the first jurisdiction in North America to produce Natural Hydrogen given a combination of highly favorable geology and a clearly defined policy framework for exploration and development of this important new alternate energy source.
Figure 1: Map showing the location of MAX Power’s Natural Hydrogen Permit Applications
Proposed Model for the Source of Natural Hydrogen and its Concentration in Saskatchewan
- Southern Saskatchewan is entirely covered by the pervasive and thick Western Canadian Sedimentary Basin (“WCSB”);
- The WCSB directly overlies the crystalline Pre-Cambrian basement;
- This basement is the perceived source for naturally occurring hydrogen, especially where the basement rock has an ultramafic composition;
- There are a series of deep structures, including faults, allowing movement of gasses from the basement upwards into the WCSB. In addition to structures, a series of domes and arches add to the structural complexity of the WCSB;
- Natural Hydrogen migrates upward into certain geological formations where it can accumulate.
Natural Hydrogen Video
Learn more about Natural Hydrogen by clicking on the following link:
https://vimeo.com/953002092/d6f8574ba4
MAX Power Natural Hydrogen Deck
Learn more about MAX Power’s first mover advantage in North America’s Natural Hydrogen sector by clicking on the following link:
https://www.maxpowermining.com/Presentations/MAXPower-NaturalHydrogen.pdf
MAX Power Corporate Presentation
Click on the following link to view MAX Power’s Corporate Deck:
https://maxpowermining.com/Presentations/MAXPower-Corporate.pdf
Qualified Person
The technical information in this news release has been reviewed and approved by Thomas Clarke, P.Geo., Pr.Sci.Nat., and Director for MAX Power Mining Corp. Mr. Clarke is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.
About MAX Power Mining
MAX Power is an innovative mineral exploration company focused on North America’s shift to decarbonization. MAX Power is a first mover in the rapidly growing Natural Hydrogen sector, through strategic alliances with Calgary-based Chapman Hydrogen & Petroleum Engineering Ltd., and European-based Larin Engineering HHC. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a recent diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona.
On behalf of the Board of Directors,
| “Rav Mlait”- CEO | MarketSmart Communications |
| MAX Power Mining Corp. | Tel: 877-261-4466 |
| info@maxpowermining.com | |
| Tel: 778-655-9266 | |
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, and any legislation specifically relating to natural hydrogen, exploration and acquisition of natural hydrogen properties; ability to locate, discover and/or extract natural hydrogen from the subsurface; commentary as it relates to the opportune timing to carry out natural hydrogen exploration; and any anticipated increasing demand for natural hydrogen; any results and updates thereto as it relates to any future drill program, and the funding of that program; and upcoming press releases by the Company. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts. They are generally, but not always, identified by the words "expects”, "plans”, "anticipates”, "believes”, “interpreted”, "intends”, "estimates”, "projects”, "aims”, “suggests”, “often”, “target”, “future”, “likely”, “pending”, "potential”, "goal”, "objective”, "prospective”, “possibly”, “preliminary”, and similar expressions, or that events or conditions "will”, "would”, "may”, "can”, "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the CSE, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of drill program results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out its exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96f8812c-bb16-4772-8386-7b8a99800790
FAQ
What is the new size of MAX Power's Rider Natural Hydrogen Project after recent expansion?
What is the highest historical hydrogen grade reported in MAX Power's new claim blocks?
How many new claim blocks did MAX Power (MAXXF) add to its Rider Natural Hydrogen Project?
What is MAX Power's (MAXXF) next step for the Rider Natural Hydrogen Project?
