Augustine Volcano, Alaska (supply: Coombs, M. L. / Alaska Volcano Observatory / U.S. Geological Survey)
GeoAlaska has been awarded a brand new geothermal prospecting license that expands on the corporate’s current exploration space in Augustine Island, Alaska.
The Alaska Division of Pure Sources Division of Oil and Gasoline has issued the ultimate written determination for the Augustine Island Non-Aggressive Geothermal Prospecting Allow. Consistent with the choice, the allow will likely be issued to GeoAlaska LLC, through which Ignis Vitality is a companion, to probe for geothermal assets on state-owned, unencumbered lands.
The allow space consists of the southern portion of Augustine Island, containing about 7,205 acres. The acreage surrounds GeoAlaska’s current permit, increasing, and upgrading GeoAlaska’s place on Augustine. Augustine Island is in Kamishak Bay on the west facet of Decrease Prepare dinner Inlet, roughly 68 miles southwest of Homer and roughly 170 miles south-southwest of Anchorage. Paul Craig, CEO of GeoAlaska, commented that GeoAlaska and its companion, Ignis Vitality Inc., are delighted with this award.
Throughout 2023, GeoAlaska and Ignis Vitality collected magnetotelluric and gravity knowledge at Augustine Island. Craig mentioned “analyses of those knowledge has recognized a horny anomaly — a ‘candy spot’” — that the corporate is planning to drill in the summertime of 2024. The plan is to core the exploration nicely to a depth ample to find out temperatures at numerous depths and to make clear whether or not a industrial hydrothermal system is current, thereby de-risking the prospect.
Richard Calleri, CEO of Ignis Vitality, commented “Ignis Vitality is delighted to proceed our partnership with GeoAlaska and prolong our space of curiosity on Augustine Island. Our intention stays and has all the time been to offer inexpensive, clear, and renewable base load geothermal power to the Rail Belt area of Alaska.”
“Extending our space of curiosity on Augustine Island is in step with our total technique. The subsurface geophysical knowledge that we’ve got collected up to now, may be very promising and we at the moment are figuring out extra targets to check inside the larger Augustine allow.”
GeoAlaska can be one in all two corporations exploring for geothermal assets within the space of Mount Spurr, northwest of Anchorage. The 2 permits have been awarded in a noncompetitive course of.
Supply: Kay Cashman, Petroleum Information
