U.S. Geothermal Acquires Second Geothermal Project

Boise, Idaho [] U.S. Geothermal Inc. acquired property from a private party for a second geothermal project at Neal Hot Springs in eastern Oregon near the Idaho border. The new property, 8.5 square miles of geothermal energy and surface rights, was recently made part of U.S. Geothermal’s submittal to Idaho Power Company’s Request For Proposals (RFP) for electricity produced from geothermal sources. A geophysical and geological mapping program has been proposed by an independent geothermal consulting firm to help determine the overall extent of the geothermal reservoir. A high-permeability production zone has been encountered by previous exploration drilling at a depth of 2680 feet and thus represents a confirmed production-drilling target.