12 October 2023
October 12, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (CSE: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 5 drill holes completed at the Shorty, and BIG East pegmatites within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1). Drilling has intersected significant intervals of spodumene mineralization, with the following highlights:
Highlights:
Discussion of Drill Results
Shorty Pegmatite: Drill Hole YLP0050 was collared just to the south of the center of the Shorty dyke. It intercepted 17 metres of 1.28% Li2O from 42 metres, including within that interval 8 metres of 1.21% Li2O and 6 metres of 1.76% Li2O. Drill hole YLP0055 was collared 52 metres to the southwest of YLP0050, where it also intercepted 17 metres of pegmatite that assayed 1.14% Li2O from 48 metres, including 14 metres of 1.36% Li2O (Table 1and 2, Figures 2, 3, and 4).
BIG East Pegmatite: Drill hole YLP0052 was collared just southwest of the center of the dyke, where it intercepted 15 metres of 1.27% Li2O from 29 metres, including 9 metes of 1.74% Li2O from 31 metres. Drill hole YLP0053 was collared approximately 180 metres north of YLP0052. YLP0053 intersected a series of four dykes that are interpreted to be either parallel dykes and/or branches off a main dyke separated by screens or inclusions of metasediments. The first intercept is 10 metres of 0.76% Li2O from 71 metres, including 5 metres of 1.39% Li2O from 73 metres, followed by 5 metres of 0.90% Li2O from 96 metres, and then 8 metres of 0.24% Li2O from 103 metres, and finally 21 metres of 1.08% Li2O from 117 metres, including 4 metres of 2.09% Li2O from 118 metres and 8 metres of 1.26% Li2O from 126 metres. Hole YLP0056 is on in line and at the same azimuth and dip as YLP0053, but 80 metres southeast of YLP0053 and collared within the BIG East dyke system. YLP0056 intersected two dykes with 8 metres of 1.07% Li2O from 21 metres, including 5 metres of 1.54% Li2O from 22 metres, as well as 9 metres of 1.36% Li2O from 58 metres, including 7 metres of 1.61% Li2O from 59 metres (Table 1 and 2, Figures 5 and 6).
Spodumene is the primary lithium mineral constituent of the dykes and occurs with varying amounts of quartz, feldspar, and muscovite. All the dykes are in amphibolite-grade Burwash Formation metasediments.
Drilling and Bulk Sampling Progress Update
Currently, LIFT has reported results from 58 drill holes (10,222 metres). To date, 179 diamond drill holes have been completed (28,376 metres). A total of 8,933 kilograms of rock has been collected from eight pegmatites in saw-cut channels for metallurgical testing (approximately 1,000 kilograms at each pegmatite). Bulk samples have been shipped to SGS Lakefield for preliminary metallurgical testing.