LIFT Intersects 37 m at 1.22% Li2O at the Fi Southwest pegmatite and 16 m at 1.24% Li2O at the Fi Main pegmatite, Yellowknife Lithium Project, NWT, Announces Management Update

17 October 2023

October 17, 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 Fi Southwest, Fi Main, and BIG East pegmatites within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1). The Company also announced a Management update. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights:   

Highlights:

  • YLP-0054: 37 m at 1.22% Li2O, (Fi SW)
  • YLP-0057: 26 m at 0.47% Li2O, (Fi Main)
  • YLP-0058: 12 m at 1.27% Li2O, (BIG East)
    and: 11 m at 1.06% Li2O.
  • YLP-0062: 16 m at 1.24% Li2O, (Fi Main)

Francis MacDonald, CEO of LIFT comments, “Fi Southwest continues to deliver wide intersects with excellent grades to a vertical depth of 150 meters. BIG East has delivered another great result with the two branches of the dyke system totalling greater than 20 meters of dyke material at consistent grades. Fi Main has more variable grades but continues to expand in terms of overall tonnage.”

Discussion of Drill Results

This week’s drill results are from the Fi pegmatite dyke complex, which includes the Fi Southwest (“Fi SW”) and Fi Main dykes, as well as the BIG East pegmatite dyke swarms.

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