Hertz Energy Commences Exploration at Quebec Antimony Property

2 min read | September 12, 2024 10:24 AM EDT | By Team Kalkine Media

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Hertz Energy Commences Exploration at Quebec Antimony Property — Image source: Shutterstock

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Hertz Energy (NASDAQ:HTZ) has commenced an exploration program at its recently acquired antimony property, known as the Harriman property, located in Quebec. This property encompasses 49 mineral claims over approximately 2,500 hectares in the Gaspé region, an area renowned for its notable antimony and gold deposits.

Historical data from the region reveals significant mineralization, with previous grab samples yielding grades as high as 15.35% antimony and 22.4 grams per ton (g/t) gold. These promising historical results highlight the area's potential for valuable mineral resources.

The exploration efforts at Harriman will concentrate on geological mapping and prospecting in regions with high geological potential, including areas with historical mineral showings. This approach aims to identify prospective zones for further investigation and potential resource development.

Kal Malhi, CEO of Hertz Energy, underscored the increasing global demand for antimony, driven by geopolitical tensions and the need for countries to enhance their strategic reserves. Malhi noted that this demand surge is motivating a rush to develop antimony resources in North America. He expressed confidence in the strategic positioning and high-grade potential of the Harriman project.

The company's current focus is on deploying resources effectively to develop the antimony potential at Harriman. Malhi emphasized that Hertz Energy is well-funded, with approximately $750,000 allocated for mineral exploration activities. The team is set to conduct detailed exploration work at the Harriman site over the coming weeks, with the objective of identifying drill targets and initiating drilling operations in the near future.

Hertz Energy's exploration program is designed to advance the development of the Harriman antimony property, potentially contributing to the growing supply of this critical mineral in response to global demand. The company's strategic efforts aim to position the Harriman project as a significant player in the North American antimony sector.

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