27 February 2024
February 27, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 8 drill holes completed at the Fi Southwest, BIG West, Nite, & Fi Boye pegmatites within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1). Drilling intersected significant intervals of spodumene mineralization, with the following highlights:
Highlights:
Discussion of Results
This week’s drill results are from 1,325 m drilled across eight holes, including the first hole of the 2024 winter program at Fi Southwest as well as 2023 results from the Nite, BIG West, and Fi Boye pegmatites. A table of composite calculations, general comments related to this discussion, and a table of collar headers are provided towards the end of this section.
David Smithson, SVP, Geology of LIFT comments, “Results from the deep drilling at Nite this week continue to impress with hole 195 intercepting 15 m at 1.0% Li2O at 250 m from the surface. This is the second deep hole we have drilled on the Nite structure following on from 10 m at 1.4% Li2O drilled at the same level in 2023. The Fi Southwest dyke was similarly impressive this week returning 22 m at 1.0% Li2O near to the surface. Drilling to date on the Fi Southwest dyke has defined over 900 m of good shallow mineralization so we are very excited to test the rest of the structure to depth in the 2024 drill program currently underway in the field.”