Augustine Volcano, Alaska (Supply: Flickr, U.S. Geological Survey, Inventive commons)
With an expanded geothermal prospect space, GeoAlaska might be doing a second geophysical marketing campaign at Augustine Island, Alaska to raised delineate the useful resource.
Following information of the granting of a brand new geothermal prospecting allow at Augustine Island in Alaska, geothermal developer GeoAlaska has now acknowledged {that a} second magnetotelluric marketing campaign to raised outline the depth and areal extent of the geothermal useful resource on the web site.
The second MT survey overlaying the southern half of Augustine Island is predicted to be accomplished by June or July 2024.
Earlier this 12 months, the geothermal prospecting allow ADL 394374 was granted to GeoAlaska for a 7299-acre web site on Augustine Island. This added considerably to the corporate’s 3031-acre prospecting space beneath license ADL394080.
Magnetotelluric and gravity knowledge had already been collected by GeoAlaska, together with companion Ignis Vitality, on the first prospect space in 2023. This knowledge was analyzed by JRG Vitality and was decided to be inadequate to correctly delineate the potential geothermal useful resource. Thus, a call was made to increase the prospecting space and subsequently gather extra resistivity knowledge.
“From a de-risking perspective, amassing the MT knowledge throughout the entire acreage will lead to GeoAlaska having greater than a 10-fold improve in helpful geophysical knowledge relating to geothermal potential underlying Augustine Island,” stated Paul Craig, CEO of GeoAlaska.
“The incremental value of amassing MT knowledge at Augustine throughout 2024 is cash properly spent. As soon as we’ve collected the MT knowledge, we’ll carry out additional modeling and volumetric analyses, to establish the optimum drilling location for our first exploratory properly,” Craig additional added.
The primary geothermal properly at Augustine Island is deliberate to be drilled in 2025. Planning and allowing of follow-up drilling will then start after the primary properly.
Supply: Petroleum Information Alaska
