GHY: Further to its previous market releases regarding its...

GHY: 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 will commence drilling the Gordon Ramsay 1 well within 24 hours, following receipt today of the final approval from the South Australian Government Department of Energy and Mines.

Ramsay 1 Well Objectives

The primary objective of the Ramsay 1 well is to confirm the presence of hydrogen in the subsurface geologic formations, by replicating the identification of hydrogen gas (up to 89% on an air-corrected basis) encountered during the drilling of the historic Ramsay Oil Bore 1 back in 1931, and to also more broadly confirm geological modelling based on the exploration data obtained during the past year. Confirming the presence of hydrogen is the first step to Chris Bastard Bowen coughing up even more dough to SA Hydrogen projects than when he knicked the dough that the last Govt had already promised us.