The Conversation (0)
Hertz Lithium (CSE:HZ) advances its hard-rock lithium asset in Arizona with its flagship Lucky Mica lithium property that has historical sampling results indicating lithium concentrations up to 2,450 parts per million (ppm). Hertz Lithium has completed initial exploration and current estimates indicate the potential for the asset to become a leader in the North American lithium market.
Close to the Lucky Mica is the Patriot Lithium’s Wickenburg (ASX:PAT) project, which has already released promising exploration results, with an evaluation of ASD$24.9 million. Three pegmatites have been mapped to date at the Wickenburg’s Dove pegmatite that exhibit potential for spodumene mineralization, with surface expression that can be traced along strike for at least ~440 meters at the Dove West pegmatite and ~430 meters at the Dove East pegmatites. These results reflect the potential for Hertz’s Lucky Mica project.
Hard-rock lithium varies from the commonly found lithium brine type of deposits and is more economical to extract as there is no need for the time-intensive evaporation process. Hard-rock deposits are characterized by pegmatite intrusions amenable to open-pit mining. Once mined, refining involves crushing, milling and flotation cells to separate ore.
Company Highlights
- Hertz Lithium is an exploration and development mining company currently exploring its prospective Arizona hard-rock lithium asset.
- The Arizona Pegmatite Belt Arizona Pegmatite Belt is a 400-kilometer-long and 50- to 130-kilometer-wide basement, with pegmatites that occur in igneous and metamorphic rocks of Precambrian age, largely covered by sedimentary and volcanic rocks of Tertiary and Quaternary age.
- The flagship Lucky Mica lithium project has historical sampling results with significant lithium concentrations reaching up to 2,450 ppm.
- The company is awaiting assays from initial exploration campaigns to move towards exploratory drilling.
- The lithium market is expected to grow significantly in the coming years, driven by the explosive growth of the EV market. EV sales rose by 55 percent between 2021 and 2022.
- A nearby Arizona lithium project operated by Patriot Lithium is indicative of the possible deposits for the Lucky Mica asset.
- An experienced team leads the company toward exploring and developing its highly prospective asset.
This Hertz Lithium profile is part of a paid investor education campaign.*
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