A recent exploration discovery from the Hertz lithium project near James Bay, Canada has revealed multiple outcropping pegmatite dykes. The results of the exploration included surprise findings of molybdenum, tin, tantalum, niobium and rare earth elements in the samples taken from the property which is under the joint venture partnership between Forsys Metals Corp and MINDECO Inc.
This news is especially significant because the Hertz property may just be the first lithium project located in James Bay, Ontario, which is in the heart of the famed Ring of Fire mineral belt. Discovered in the Parks Township, 390 kilometers northwest of Thunder Bay, the exploration team identified two outcroplings of spodumene, a lithium-bearing mineral with various commercial applications, from the samples.
This is evidence of the growing demand for lithium in recent times, for applications ranging from energy storage, electronics, batteries and green energy. With a current market price of approximately $15,000/t for spodumene, the discovery of lithium at the Hertz project could create significant economic benefits for the region.
Exploration of the Hertz property began in 2017 when MINDECO announced its intention to explore the property in order to assess the viability of mining operations. The exploration team has since completed a number of geophysical, geochemical, and geological studies in order to locate and identify prospective lithium bearing pegmatite dykes.
The team has now collected a total of 16 samples, 14 of which were taken from surface outcrops that have been identified as potentially having economic value. The results of the laboratory analysis have clearly demonstrated the presence of high levels of spodumene and other minerals.
This is an incredibly exciting development for MINDECO, its joint venture partners, and the local communities of the Ring of Fire. With this discovery, MINDECO is now investigating further exploration options at the Hertz property in order to determine the full potential of lithium resources that may be available.
With the potential to create multiple economic opportunities, this discovery at the Hertz project could be the beginning of a new era of exploration and development in James Bay, Ontario and the rest of the Ring of Fire. As these investigations continue, we can look forward to the Hertz lithium project unlocking its true potential.
A recent exploration discovery from the Hertz lithium project near James Bay, Canada has revealed multiple outcropping pegmatite dykes. The results of the exploration included surprise findings of molybdenum, tin, tantalum, niobium and rare earth elements in the samples taken from the property which is under the joint venture partnership between Forsys Metals Corp and MINDECO Inc.
This news is especially significant because the Hertz property may just be the first lithium project located in James Bay, Ontario, which is in the heart of the famed Ring of Fire mineral belt. Discovered in the Parks Township, 390 kilometers northwest of Thunder Bay, the exploration team identified two outcroplings of spodumene, a lithium-bearing mineral with various commercial applications, from the samples.
This is evidence of the growing demand for lithium in recent times, for applications ranging from energy storage, electronics, batteries and green energy. With a current market price of approximately $15,000/t for spodumene, the discovery of lithium at the Hertz project could create significant economic benefits for the region.
Exploration of the Hertz property began in 2017 when MINDECO announced its intention to explore the property in order to assess the viability of mining operations. The exploration team has since completed a number of geophysical, geochemical, and geological studies in order to locate and identify prospective lithium bearing pegmatite dykes.
The team has now collected a total of 16 samples, 14 of which were taken from surface outcrops that have been identified as potentially having economic value. The results of the laboratory analysis have clearly demonstrated the presence of high levels of spodumene and other minerals.
This is an incredibly exciting development for MINDECO, its joint venture partners, and the local communities of the Ring of Fire. With this discovery, MINDECO is now investigating further exploration options at the Hertz property in order to determine the full potential of lithium resources that may be available.
With the potential to create multiple economic opportunities, this discovery at the Hertz project could be the beginning of a new era of exploration and development in James Bay, Ontario and the rest of the Ring of Fire. As these investigations continue, we can look forward to the Hertz lithium project unlocking its true potential.
