Hertz Energy (CSE:HZ, OTCQB:HZLIF) said it has started an exploration program at its new antimony property in Quebec.
The Harriman property spans 49 mineral claims over approximately 2,500 hectares in the Gaspé region of the province in an area known for its significant antimony and gold showings.
Historical results from the area include grades of up to 15.35% antimony and 22.4 g/t gold from grab samples.
Hertz Energy (CSE:HZ, OTCQB:HZLIF)’s exploration team will focus on geological mapping and prospecting in areas of high geological potential, including historical showings.
CEO Kal Malhi highlighted the increasing global demand for antimony, driven by geopolitical tensions, and emphasized the company's goal to identify drill targets in the coming months.
"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 (CSE:HZ, OTCQB:HZLIF)'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,” Malhi said in a statement.
“Hertz Energy is well funded and currently has approximately $750,000 in flow thru capital to deploy on our mineral exploration projects and our team will be on the Harriman project over the next weeks and we aim to identify drill targets and drill the property in the coming months in hopes to define an economic antimony deposit."