7 June 2023
June 7, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (CSE: LIFT) (Frankfurt: WS0) is pleased to report the start of a 45,000 meter drill program that began June 2, 2023 at its Yellowknife Lithium Project located to the east of Yellowknife, Northwest Territories. The current drill program is targeting seven outcropping spodumene-bearing pegmatite dyke complexes that are within 10 kilometers of an all-season highway (Figure 1, Road Access Group).
Drilling will begin by targeting areas that, based on historic trench sample results, returned the highest lithia grades from outcropping pegmatites. The Fi Southwest and Fi Main pegmatites will be the first targets to be drilled (Figure 2). The Company plans to drill each pegmatite target at 100 meter by 100 meter centers to a vertical depth of 300 meters. This is expected to provide sufficient sample density to enable estimates for inferred resources by mid-2024.
Francis MacDonald, CEO of Li-FT comments “We are thrilled to have started the drill program at our Yellowknife Lithium Project. This is one of the largest exploration drill programs for lithium globally, which we believe is justified by the impressive outcropping exposures of spodumene-bearing pegmatites across the portfolio that have been reported to have potentially economic grades at surface from work completed in the 1970s and 1980s. We believe that this drill program will show the scale and potential of the Yellowknife Pegmatite Province and put us well on our way to delivering a maiden resource estimate.”