Hertz Energy Begins Exploration at Harriman Antimony Property in Qu茅bec
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) has announced the start of exploration programs at the Harriman Antimony Property in Qu茅bec, beginning September 16, 2024. The property, comprising 49 mineral claims over approximately 2,500 hectares, is located 17 km northeast of New Richmond in the Gasp茅 Region. It is strategically positioned at the intersection of major faults, hosting several antimony and gold showings. Historical results from nearby showings include up to 43.75% Sb and 7.89 g/t Au. The Harriman-4Sud showing on the property returned 15.35% Sb and 0.07 g/t Au from a historical grab sample. Hertz Energy will mobilize a team to conduct geological mapping and prospecting, focusing on areas of favorable geology and historical showings.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) ha annunciato l'inizio di programmi di esplorazione presso il Harriman Antimony Property in Qu茅bec, a partire dal 16 settembre 2024. La propriet脿, che comprende 49 concessioni minerarie su una superficie di circa 2.500 ettari, si trova a 17 km a nord-est di New Richmond, nella regione della Gasp茅. 脠 strategicamente posizionata all'incrocio di importanti faglie, ospitando diverse affioramenti di antimonio e oro. I risultati storici degli affioramenti vicini includono fino al 43,75% di Sb e 7,89 g/t di Au. L'affioramento Harriman-4Sud sulla propriet脿 ha restituito il 15,35% di Sb e 0,07 g/t di Au da un campione prelevato storicamente. Hertz Energy mobiliter脿 un team per effettuare mappature geologiche e prospezioni, concentrandosi su aree di geologia favorevole e affioramenti storici.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) ha anunciado el inicio de programas de exploraci贸n en la Harriman Antimony Property en Qu茅bec, comenzando el 16 de septiembre de 2024. La propiedad, que comprende 49 reclamos minerales sobre aproximadamente 2,500 hect谩reas, est谩 ubicada a 17 km al noreste de New Richmond en la regi贸n de Gasp茅. Est谩 estrat茅gicamente situada en la intersecci贸n de fallas importantes, albergando varias manifestaciones de antimonio y oro. Los resultados hist贸ricos de manifestaciones cercanas incluyen hasta un 43.75% de Sb y 7.89 g/t de Au. La manifestaci贸n Harriman-4Sud en la propiedad devolvi贸 un 15.35% de Sb y 0.07 g/t de Au de una muestra hist贸rica. Hertz Energy movilizar谩 un equipo para realizar mapeo geol贸gico y prospecci贸n, enfoc谩ndose en 谩reas de geolog铆a favorable y manifestaciones hist贸ricas.
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Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) a annonc茅 le d茅but de programmes d'exploration sur la Harriman Antimony Property au Qu茅bec, 脿 partir du 16 septembre 2024. La propri茅t茅, qui comprend 49 revendications mini猫res sur une superficie d'environ 2 500 hectares, est situ茅e 脿 17 km au nord-est de New Richmond dans la r茅gion de Gasp茅. Elle est strat茅giquement positionn茅e 脿 l'intersection de failles majeures, accueillant plusieurs manifestations d'antimoine et d'or. Les r茅sultats historiques des manifestations voisines incluent jusqu'脿 43,75 % Sb et 7,89 g/t Au. La manifestation Harriman-4Sud sur la propri茅t茅 a retourn茅 15,35 % Sb et 0,07 g/t Au 脿 partir d'un 茅chantillon historique. Hertz Energy mobilisera une 茅quipe pour effectuer des cartographies g茅ologiques et des prospectations, en se concentrant sur des zones de g茅ologie favorable et des manifestations historiques.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) hat den Beginn von Explorationsprogrammen im Harriman Antimony Property in Qu茅bec bekannt gegeben, die am 16. September 2024 beginnen. Das Grundst眉ck, das 49 Mineralkonzessionen auf einer Fl盲che von ca. 2.500 Hektar umfasst, befindet sich 17 km nord枚stlich von New Richmond in der Gasp茅-Region. Es ist strategisch an der Schnittstelle wichtiger Verwerfungen positioniert, die mehrere Antimon- und Goldvorkommen beherbergt. Historische Ergebnisse aus nahegelegenen Vorkommen beinhalten bis zu 43,75% Sb und 7,89 g/t Au. Das Vorkommen Harriman-4Sud auf dem Grundst眉ck lieferte 15,35% Sb und 0,07 g/t Au aus einer historischen Probe. Hertz Energy wird ein Team mobilisieren, um geologische Kartierungen und Prospektionen durchzuf眉hren, wobei der Fokus auf g眉nstigen geologischen Bereichen und historischen Vorkommen liegt.
- Strategic location at the intersection of major faults with multiple antimony and gold showings
- Historical high-grade antimony (up to 43.75% Sb) and gold (up to 7.89 g/t Au) results from nearby showings
- Property includes Harriman-4Sud showing with 15.35% Sb from a historical grab sample
- Good infrastructure with road access, hydroelectric power, and nearby port facilities
- Early-stage exploration project with no historical drilling
- previous exploration on much of the property
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) ("Hertz" or the "Company") is pleased to announce the start of exploration programs at the Harriman Antimony Property ("Harriman Property" or the "Property") comprised of 49 mineral claims (approximately 2,500 hectares) located in the Province of Québec beginning the week on September 16, 2024.
The Harriman Property is an exploration stage antimony project located approximately 17 km northeast of the town of New Richmond in the Gaspé Region of Québec (Figures 1, 2). The Gaspé Region is known for a variety of significant mineral deposits, most notably the Mine Gaspé Copper Mine, currently being developed by Osisko Metals. The Harriman Property benefits from good road access, hydroelectric power, port access, and nearby available manpower.
The Harriman Property is strategically located at the intersection of the major ENE trending Restigouche Fault and Grand Pabos Fault with a second order northeast-trending fault hosting numerous antimony and gold showings (Figure 3).
The Property was developed by compiling and reviewing historical antimony (Sb) and gold (Au) showings from the Québec government geoscientific database known as SIGÉOM. The Property area was defined by a series of four antimony showings, all hosted along a northeast-trending fault structure (Figure 4). Historical results from the nearby showings along the northeast-trending fault include
The Harriman Property of Hertz includes the Harriman-4Sud showing returning
Hertz Energy will be mobilizing a team of geologist and technicians this month to the Harriman Project to undertake geological mapping and prospecting. The crew will focus in the area of favourable geology, particularly surrounding the historical showings as well as prospect for new antimony and gold showings.
Figure 1: Harriman Project Geology Map
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Figure 2: Harriman Project Airborne Magnetics Map
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Figure 3: Harriman Project - Structural context and mineral showings
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Figure 4 Harriman Project - Claim Map
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About Antimony-In Short Supply
In August, China announced antimony export restrictions which take effect on September 15, 2024 (source: ) and are expected to have significant implications for the global antimony supply chain. China's announcement of antimony export restrictions has added fuel to a red-hot market and opens another potential flash-point with the West for control of critical minerals. Antimony is a little-known metal with . Antimony's largest end-use is as a flame retardant, but it is also found in solar panels and batteries. The U.S. Department of the Interior has designated it a critical mineral because it is also essential for armour-piercing ammunition, infrared sensors, and precision optics.
Antimony prices have since the start of the year to a record
Analysts estimate the market was already looking at a 10,000-ton shortfall before China's export restrictions. These new controls are not targeted at any specific country but Chinese authorities can refuse licences to export to individual end-user companies or countries as they see fit.
Other Information on Antimony:
Ukraine War Is Depleting U.S. Ammunition Stockpiles, Sparking Pentagon Concern
WASHINGTON-The has depleted American stocks of some types of ammunition and the Pentagon has been slow to replenish its arsenal, sparking concerns among U.S. officials that American military readiness could be jeopardized by the shortage.
China's Antimony Export Restrictions: The Impact on U.S. National Security
i2a China Export Restriction Press Release - 20 August 2024
How China's Antimony Ban Will Cripple the US Military
Kal Malhi, CEO of Hertz Energy commented, "With the current conflicts around the world and the need for countries to stockpile their antimony reserves, there is a rush to develop antimony resources in North America. Hertz Energy's Harriman project is well located and high grade and Hertz is laser focused on deploying our capital and talented geological team to quickly develop the antimony potential at our Harriman Antimony project. Hertz Energy is well funded and currently has approximately
QUALIFIED PERSON STATEMENT
All scientific and technical information contained in this news release was reviewed and approved by Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, who is a "Qualified Person" as defined in NI 43-101.
About the Company
The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the AC/DC Lithium Project, and Snake Lithium Project in Jame Bay Québec. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Québec, Canada, just 26kms southeast of the Corvette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's Snake Lithium Project is also district scale and located amongst highly prospective projects held by other exploration companies. Hertz Energy's Harriman Antimony Project is its first Antimony property acquisition located in the Gaspe region of Quebec,Canada.
For further information, please contact Mr. Kal Malhi or view the Company's filings at .
On Behalf of the Board of Directors
Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
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