Hertz Lithium Inc. Provides Update on Exploration of The Lucky Mica Project and Sympathizes with James Bay Lithium Exploration Halt

Hertz Lithium Inc. Provides Update on Exploration of The Lucky Mica Project and Sympathizes with James Bay Lithium Exploration Halt

Hertz Lithium Inc. (CSE: HZ) (OTC Pink: HZLIF) (FSE: QE2) (the "Company"), a Company focused on lithium exploration and novel extraction technologies, is pleased to provide an update on the field exploration activities that commenced on May 2, 2023, at its Lucky Mica Property (the "Property") in Maricopa County in Arizona, USA.

To date the field team has completed general prospecting, mapping and sampling of pegmatite outcrops and structural mapping on the Property. The team has identified an abundance of 'new' previously unmapped and sampled pegmatites in three clusters as shown in Figure 1 below. These pegmatites are described to occur as 2-6m wide bodies potentially up to 50-100m long and appear to occur conformant with the local metamorphic foliation and may vary in dip from shallow to steeply dipping. The predominant quartz, feldspar pegmatites are more resistant to erosion and weathering and are frequently exposed along ridgelines, and within creek beds, and the identified pegmatites appear to be hosted within weathered greenstone locally mapped as amphibolite (Figure 2). The pegmatitic mineralogy is generally consistent with the lepidolite and spodumene bearing pegmatite identified in the Lucky Mica region on the Property which have returned results up to 7.5% Li2O.

A total of approximately 250 samples have been collected from these clusters and an additional 100 will be collected on the Property before the team leaves the field next week. All samples with be delivered to SGS Laboratories in Phoenix, AZ for analysis with results expected in 6-8 weeks.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9656/169089_0ea0acd3849fe839_002.jpg

Figure 1: Mapped pegmatitic showings predominantly E-W striking (50-100m long, approx. 5m wide) and typically comprising a dominant quartz + feldspar + mica mineralogy with few Li-bearing minerals identified.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9656/169089_0ea0acd3849fe839_002full.jpg.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/9656/169089_0ea0acd3849fe839_003.jpg

Figure 2: Typical exposed pegmatite outcrop - dominantly quartz + feldspar + muscovite, within weathered amphibolite schist.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9656/169089_0ea0acd3849fe839_003full.jpg.

Ongoing Remote Sensing, geophysical analysis and lithostructrual interpretation are expected to proceed over the next 6-8 weeks with delivery of the results to coincide with the returned analytical results of the approximate 350 samples collected in May. This data acquisition, processing and geological interpretations over the Property will be completed by Axiom Geophysics and Remote Sensing (www.axiomgeophysics.com) prior to the follow up trenching phase this fall. The results of these various exploration methods will be compiled and utilized in the strategic development of the trenching program both in the known Lucky Mica area as well as within the regions of the 3 newly discovered pegmatite clusters. Additional prospecting and sampling will be conducted within priority zones to further determine a broader geochemical understanding of the Property.

Qualified Person: Luke van der Meer (P.Geo), a consultant to the Company, is a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information in this news release. Historical information contained in this news release is derived from previous workers previous reports and has not been field verified.

For more information about the Property and the recommended work program, see the technical report prepared by Lee R. Beasley, CPG, MSc, titled "NI 43-101 Technical Report, Lucky Mica Project, Arizona," with an effective date of November 8, 2022, as filed on the Company's profile on www.sedar.com.

JAMES BAY, QUEBEC LITHIUM EXPLORATION PROGRAMS HALTED DUE TO FIRE DANGER

Hertz Lithium sympathizes with the current fire danger around all of Canada and in the James Bay Region of Quebec and respects the Quebec Governments mandate to cease all mineral exploration activities in the province until the fire danger subsides. Furthermore, Hertz management respects decisions by James Bay Lithium exploration companies which include Patriot Battery Metals at their Corvette Lithium Discovery, Winsome Resources at their Adina Lithium Discovery and early-stage explorers Q2 Metals Corp, Ophir Gold, Champion Electric as well companies funded by Hertz Lithium's strategic investor Coloured Ties Capital (TIE) to halt all exploration programs until the fire danger has been mitigated. Coloured Ties associated lithium companies active in the James Bay lithium exploration include Superior Mining International and private companies, Canuck Lithium, Quebec Pegmatite and Agastya Minerals.

Management is hopeful that weather conditions will quickly change, and rain will mitigate the fire danger in the coming days and weeks, but the fact remains the lithium prospects in James Bay Region are going to remain very strong and survive any fire danger time periods.

About Hertz Lithium Inc.

The Company is a British Columbia based mineral exploration company primarily engaged in the acquisition and exploration of mineral properties. The Company's lithium exploration project, the Lucky Mica Project, is located along the Arizona Pegmatite Belt in the Maricopa County of Arizona, USA. The Company is also working with Penn State University's College of Earth and Mineral Science department to develop a novel lithium extraction technology.

For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedar.com.

On Behalf of the Board of Directors

Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca

https://hertzlithium.com

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169089

News Provided by Newsfile via QuoteMedia

HZ:CC
The Conversation (0)
Hertz Lithium: Discovery Of Multiple Outcropping Pegmatite Dykes Identified at AC/DC Lithium Project - James Bay, Canada

Hertz Lithium: Discovery Of Multiple Outcropping Pegmatite Dykes Identified at AC/DC Lithium Project - James Bay, Canada

Highlights

  • Discovery of at least 7 pegmatite occurrences during maiden field program at AC/DC project.
  • Field work followed up on twelve priority targets generates from a recent hyperspectral survey.
  • Field work pin-pointed an approximately 100m long, 5-10m wide, and 5m thick pegmatite.
  • Pegmatite compositions include white-pink feldspar, grey quartz, trace biotite +/- garnet, +/-tourmaline.
  • Project encompassing 516 contiguous mineral claims spanning 265 square kilometers, shares geology and is located contiguous to Rio Tinto's Kaanaayaa Lithium Project.
  • Located 26 km southeast of the Corvette Lithium Project owned by Patriot Battery Metals with an inferred mineral resource of 109.2 Mt at 1.4% Li2O¹.
  • Assays from maiden site visit expected in coming weeks.

Hertz Lithium CEO & Director, Kal Malhi stated, "Hertz Lithium just closed the transaction to acquire Canuck Lithium and the AC/DC Lithium project in James Bay on October 25, 2023. With the help of Dahrouge Geological and Mercator Geological, we were able to assemble an exploration crew to rush onto the property during the final workdays of the exploration season. With only 3.5 workdays on the ground before the weather in James Bay turned adverse, we were able to target some very high-priority targets on the property and complete initial prospecting. The identification of multiple advanced pegmatites with lithium-associated minerals on the property is encouraging and provides our exploration teams strong confidence on the merits of the AC/DC project as well the adjoining Rio Tinto Kaanaayaa Lithium project which hosts similar geology as the AC/DC Lithium Project. "

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hertz Lithium Inc. Announces Acquisition of Canuck Lithium Corp.

Hertz Lithium Inc. Announces Acquisition of Canuck Lithium Corp.

Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company") is pleased to announce that, further to its news release on October 3, 2023, the Company has completed the acquisition (the "Acquisition") of 100% of the issued and outstanding common shares in the capital of Canuck Lithium Corp. ("Canuck"). The Acquisition was completed pursuant to the terms and conditions of a share exchange agreement (the "Definitive Agreement") entered into among the Company, Canuck, and the shareholders of Canuck (the "Canuck Shareholders").

Hertz now owns 100% of the ACDC Project, located in the emerging hard rock lithium district in James Bay, Quebec, Canada. There are approximately 135 historical references to pegmatite outcrops that have never been evaluated or sampled for their lithium potential on the Property according to the Quebec Government's SIGEOM Database (Figure 3).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hertz Lithium Inc. Announces Agreement to Acquire Canuck Lithium Corp.

Hertz Lithium Inc. Announces Agreement to Acquire Canuck Lithium Corp.

Hertz Lithium Inc. (CSE: HZ) (FSE: QE2) (the "Company" or "Hertz") is pleased to announce that it has entered into a share exchange agreement (the "Definitive Agreement") among the Company, Canuck Lithium Corp. ("Canuck"), and the shareholders of Canuck (the "Canuck Shareholders"), pursuant to which the Company will acquire 100% of the issued and outstanding common shares in the capital of Canuck (the "Proposed Transaction").

About Canuck

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hertz Lithium Inc. Announces Engagement of IR Provider

Hertz Lithium Inc. Announces Engagement of IR Provider

Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company") is pleased to announce that it has entered into a service agreement dated September 19, 2023 (the "PRmediaNow Service Agreement") with PRmediaNow Inc. ("PRmediaNow"). Pursuant to the terms and conditions of the Service Agreement, PRmediaNow has agreed to provide the Company with media outreach services. PRmediaNow will provide its services for a period of 3 months, which began on or around September 19, 2023 and ends on December 19, 2023. In accordance with the terms and conditions of the PRmediaNow Service Agreement and as consideration for the services provided by PRmediaNow, the Company has agreed to pay PRmediaNow a cash fee of CDN$6,000 + GST for the first month followed by two months at $3,000 + GST per month. PRmediaNow and its principals are arm's length from the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right or intent to acquire such an interest. PRmediaNow's business is located at 1080 St. Germain, Ottawa, ON K1C 2L8. Its email contact is scott@PRmediaNow.com and its phone number is Tel: 613-806-7135.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hertz Lithium Inc. Provides Update on Penn State Lithium Extraction Technology and IR Provider Contracts

Hertz Lithium Inc. Provides Update on Penn State Lithium Extraction Technology and IR Provider Contracts

Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) (the "Company") is pleased to provide an update on its patent-pending lithium extraction technology being developed in partnership with Penn State University ("PSU").

The Technology is designed to be a novel process for the extraction of lithium from alpha spodumene. Spodumene mineral is the major source of high-purity lithium, however, current technologies do not allow leaching of lithium from alpha spodumene, and therefore most of the methods of lithium extraction from spodumene are focused on modifying the crystal structure of concentrated spodumene mineral using conventional heating (roasting) at 950-1100 degrees Celsius. However, such high-temperature roasting processes are very energy intensive and have been the bottleneck of the economic extraction of lithium from ores. Thus, there is a need for more energy-efficient and environmentally friendly methods for a high-yield extraction of lithium. Penn State discovered a method designed to satisfy these needs.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Lithium ION Energy Announces Warrant Extension

Lithium ION Energy Announces Warrant Extension

Lithium ION Energy Ltd (TSXV: ION) (OTCQB: IONGF) (FSE: ZA4) ("ION" or the "Company") announces today that it intends to extend the expiry date of an aggregate 11,500,000 outstanding common share purchase warrants of the Company (the "April Warrants") by 12 months to April 12, 2025 and an aggregate 4,000,000 outstanding common share purchase warrants of the Company (the "July Warrants" and collectively with the April Warrants, the "Warrants") by 12 months to July 20, 2025 (collectively with the extension of April Warrants, the "Extension").

The April Warrants were issued pursuant to a public offering which closed on April 13, 2021 and are set to expire on April 12, 2024. The April Warrants were issued pursuant to a warrant indenture dated April 13, 2021 between the Company and TSX Trust and each April Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $0.70. The July Warrants were issued pursuant to a non-brokered private placement which closed on July 20, 2023 and are set to expire on July 20, 2024. Each July Warrant entitles the holder thereof to acquire one common share of the Company at a price of CAD $0.40.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Government of Canada Announces Funding to Support Domestic Critical Minerals Value Chains and Create Good Jobs in the Northwest Territories

Government of Canada Announces Funding to Support Domestic Critical Minerals Value Chains and Create Good Jobs in the Northwest Territories

Canada is committed to supporting strong domestic value chains for critical minerals and the clean technologies and energy sources they enable. The Government of Canada is focused on increasing mineral and energy security, creating good jobs and supporting economic opportunities across critical mineral value chains, from upstream exploration and extraction to downstream processing, manufacturing and recycling.

Today, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced a $714,500 investment in Fortune Minerals Limited (Fortune Minerals) to enhance the production of cobalt sulphate and bismuth ingot products from the company's planned mine in the Northwest Territories and refinery in Alberta to increase the supply of critical battery metals that are essential to the development of a domestic electric vehicle value chain. This will be achieved through a pilot-scale hydrometallurgical program designed to optimize processing conditions while ensuring that residues from the process are stable for safe disposal.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Expands Its Exceptional Grassroot Portfolio Across Quebec, Canada and Greenland

Brunswick Exploration Expands Its Exceptional Grassroot Portfolio Across Quebec, Canada and Greenland

Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that, pursuant to its aggressive and innovative grassroot exploration campaign which led to three new discoveries including the flagship Mirage Project, it has expanded its portfolio of targets and map-staked over 215 outcropping, mapped andor interpreted, untested S-type pegmatites, measuring between 500 and 8,800 metres in strike length. These new targets are located in areas that have seen minimal or no current lithium exploration in Quebec, Labrador and, for the first time, Greenland. The newly acquired pegmatites were identified following extensive compilation work by BRW and most are located near existing roads, power infrastructure andor tidal water.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Commencement of Preliminary Economic Assessment for the BamaStar Graphite Project in Coosa County, Alabama, USA

South Star Battery Metals Announces Commencement of Preliminary Economic Assessment for the BamaStar Graphite Project in Coosa County, Alabama, USA

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF), is pleased to announce that it has awarded contracts for the National Instrument 43-101 ("NI43-101") Preliminary Economic Assessment(" PEA" or the "Study") for the BamaStar Graphite Project ("BamaStar"). The interdisciplinary team of consultants, engineers and scientists is co-led by Dorfner ANZAPLAN GmbH and Lycopodium Limited. The PEA is anticipated to be completed and published in July 2024. With the recent mineral lease and surface rights extensions, South Star has successfully completed all the other requirements for BamaStar's option agreement, and preparing the PEA is the final milestone that will give the Company the right to acquire an undivided 75% legal and beneficial interest in and to the minerals, mining rights and the underlying agreements for the mine

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Odessa Minerals (ASX:ODE)

Drilling Approvals Received for Gascoyne East Project

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide an update on its Gascoyne East Project (“Project”) in the Gascoyne region of Western Australia.

Highlights:

Keep reading...Show less
ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an update on the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The second and third holes of the planned 6-hole program have intersected narrow intervals of uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX's geological team.

Hole GC24-02 (180 degree azimuth / -75 degree dip) was drilled at the intersection of east-west and north-northwest faults interpreted from the 2023 ground magnetic survey and intersected fracture-controlled and disseminated blebs of uranium mineralization at 0.8 metres below the unconformity, which was reached at a depth of 108.4 metres. An Exploranium GR-135 handheld scintillometer measured radioactivity of 220 counts per second ("cps") and a Mount Sopris 2PGA-1000 downhole gamma probe measured a radiometric peak of 3,321 cps within a 0.6 metre interval of anomalous radioactivity from 108.9 to 109.5 metres. Drill hole GC24-02 represents an approximately 470-metre step-out to the west of ALX's historical hole GC15-03 (0.143% U3O8 assay over 0.23 metres) and was collared approximately 350 metres to the southwest of Eldorado Nuclear's ("Eldorado") 1979 hole GC-15 (1,520 parts per million ("ppm") uranium over 0.13 metres) (see Figure 1).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×