16 November 2023 GHY ASX Announcement Ramsay Project Update...

16 November 2023
GHY ASX Announcement
Ramsay Project Update
Drilling to Commence at Ramsay 2
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 confirmed the presence of natural hydrogen in the Parara Limestone formation, recording an
air-corrected measure of 73.3% purity hydrogen at a depth of 240m, as well as detecting helium in the
granite basement of 3.6% at 892m. 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.