LIFT intersects 16 m at 1.26% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT

13 March 2024

March 13, 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 Echo, Fi Main, Fi Southwest, & 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:

  • YLP-0216: 16 m at 1.26% Li2O, (Echo)
    and: 10 m at 1.57% Li2O
    and: 10 m at 1.29% Li2O
  • YLP-0213: 14 m at 1.20% Li2O, (Echo)
    and: 15 m at 0.73% Li2O
    including: 2 m at 1.43% Li2O
    and: 1 m at 0.59% Li2O
  • YLP-0208: 10 m at 0.95% Li2O, (Echo)
    including: 6 m at 1.38% Li2O
    and: 3 m at 1.00% Li2O
  • YLP-0207: 10 m at 0.95% Li2O, (Echo)
    including: 5 m at 1.47% Li2O
    and: 1 m at 0.79% Li2O
  • YLP-0211: 10 m at 0.91% Li2O, (Echo)
    including: 4 m at 1.85% Li2O
    and: 6 m at 0.54% Li2O
    and: 9 m at 0.50% Li2O
    and: 4 m at 0.50% Li2O

Discussion of Results

This news release provides results for eight drill holes (1,428 m), five of which are from the 2024 winter program and three from the 2023 drilling. The five holes from the winter program were all drilled at the Echo pegmatite complex whereas the 2023 holes are from the Fi Main, Fi Southwest, 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.

Francis MacDonald, CEO of LIFT comments, “The Echo pegmatite is living up to initial expectations. We are seeing a complex stacked set of spodumene pegmatites that are shallow-dipping which is very favorable for open pit mining. Drill hole YLP-0216 intersected three branches of pegmatite that total 36 meters within one drill hole.”

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