CR1 Price sensitive 21 May 2026, 9:03 AM

Methane and Helium Confirmed in Newly Awarded SPA

Constellation Resources Ltd

Constellation Resources Confirms Methane and Helium in New SPA

Key points

  • Methane and Helium confirmed in drillhole WHRD021
  • High concentrations of up to 97% Methane and 0.24% Helium
  • Ongoing gas venting suggests potential connection to a reservoir
  • Historical drilling by AMOCO Minerals confirms presence of combustible gas
  • Ground activities planned for 2H 2026

Full summary

Constellation Resources Ltd. has confirmed the presence of high concentrations of methane and helium in a shallow drillhole located within its newly awarded Special Purpose Area (SPA-0143). Analysis of drill core samples from WHRD021, which was drilled in 2012, revealed the highest readings of hydrogen, methane, helium, and ethane across the basin dataset. Surface gas analysis at the drillhole collar over an eight-month period confirmed the presence of up to 97% methane and 0.24% helium. Historical drilling by AMOCO Minerals in 1977 intersected significant volumes of combustible gas, leading to a surface ignition event. The company plans to commence ground activities targeting soil gas and drillhole collar surveys in the newly awarded SPA-0143 and the adjoining SPA-0119.

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