LIFT intersects 19 m at 1.31% Li2O at its Fi Southwest pegmatite & 23 m at 1.03% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT

6 March 2024

March 6, 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, & Echo 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:

  • YLP-0200: 19 m at 1.31% Li2O, (Fi Southwest)
  • YLP-0203: 13 m at 1.24% Li2O, (Echo)
    and: 1 m at 0.51% Li2O
  • YLP-0205: 8 m at 1.39% Li2O, (Echo)
    and: 7 m at 0.96% Li2O
    and: 8 m at 0.73% Li2O
  • YLP-0198: 3 m at 1.13% Li2O, (Nite)
    and: 10 m at 0.72% Li2O
    including: 3 m at 1.20% Li2O
  • YLP-0188: 1 m at 1.02% Li2O, (BIG West)

Discussion of Results

This news release provides results for eight holes drilled for 1,116 m as part of the 2024 and 2023 exploration programs. These results include holes drilled on the Fi Southwest, Nite, Echo, and BIG West pegmatite complexes. 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.

Dave Smithson, SVP, Geology of LIFT comments, “The Fi Southwest continues to return robust intercepts of mineralization with hole 200 drilling 19 m at 1.31% Li2O. Drilling on the Fi Southwest has defined 900 m of shallow mineralization to date, so we are very excited to continue to step-out from these numbers to depth. Drilling at the northwest end of Echo also continued to return grade and width this week with hole 203 returning an impressive 13 m of 1.2% Li2O, 350 m from 13 m of 1.24% Li2O, 13 m of 1.48% Li2O and 11 m of 1.42% Li2O drilled in 2023.”

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