The volcanic structures of the Canary Islands off the northwest coast of Africa are the latest hot rocks exploration target for Petratherm Limited. ASX-listed Petratherm (ASX code “PTR”) announced today that it had secured a geothermal exploration licence on Tenerife – the largest of the seven islands comprising the Canary Islands’ archipelago.

“The move into Tenerife represents an opportunity for Petratherm to tap the Islands’ super hot volcanic structures at relatively shallow depth,” the Company’s Managing Director, Mr Terry Kallis, said today.

“Very high temperatures of over 300oC at relatively shallow depths of around two kilometres are often found in active volcanic geological settings analogous to those of the newly acquired Tenerife project area,” Mr Kallis said.