Further to its previous market releases regarding its flagship Ramsay Natural Hydrogen Project, the Directors of Gold Hydrogen Limited (Gold Hydrogen, ASX: GHY, the Company) are pleased to announce that the Company is currently mobilizing contractors and Company supervisors to the Ramsay 2 well site, with drilling operations to commence in the next 24 to 48 hours.
Ramsay 2 is sited approximately 500m west of Ramsay 1, as outlined in Figure 1. The technical objectives of Ramsay 2 will be similar to Ramsay 1 in terms of well depth and target formations, with a target depth of approximately 1,000m subject drilling conditions.
Ramsay 1 encountered natural hydrogen through the complete Para Limestone and helium in the granite basement. Ramsay 2 has been designed to further test these zones and is expected to take between 14 and 16 days to drill, dependent on ground conditions. Ramsay 2 will be suspended for future well testing in conjunction with Ramsay 1.