LIFT Intersects 21 m at 1.40% Li2O at the BIG East pegmatite and 19 m at 1.16% Li2O at the Shorty pegmatite, Yellowknife Lithium Project, NWT

7 November 2023

November 7th, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 5 drill holes completed at the BIG East, Shorty, Ki and Fi Southwest 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:

  • YLP-0093: 21 m at 1.40% Li2O, (BIG East)
    and: 7 m at 1.99% Li2O
  • YLP-0073: 19 m at 1.16% Li2O, (Shorty)
  • YLP-0072: 17 m at 0.79% Li2O, (Ki)
    including: 6 m at 1.11% Li2O
    and including: 5 m at 1.03% Li2O
  • YLP-0079: 10 m at 1.36% Li2O, (Shorty)
    and: 4 m at 1.07% Li2O
    and: 1 m at 1.42% Li2O
  • YLP-0075: 10 m at 1.33% Li2O, (Fi-Southwest)
    and: 4 m at 1.29% Li2O

Discussion of Results

This week’s drill results are for five holes from four different pegmatite dykes, including BIG East (YLP-0093), Shorty (YLP-0073, 79), Ki (YLP-0072), and Fi Southwest (YLP-0075). A table of composite calculations, some general comments related to this discussion, and a table of collar headers are provided towards the end of this section.

BIG East Pegmatite

The BIG East pegmatite swarm comprises a 35-80 m wide corridor of parallel-trending dykes that dips around 55°-75° west and extends for at least 1,100 m along surface and 200 m downdip.

YLP-0093 was designed to test the BIG East swarm approximately 500 m from its northern end and 150 vertical m beneath the surface. Drilling intersected two pegmatite dykes over 38 m of core length that are, respectively, 7 m and 25 m in width. Assays returned 1.99% Li2O over 7 m from the upper dyke and 1.40% Li2O over 21 m from the lower one (Table 1 and 2, Figures 2 and 3).

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