LIFT Intersects 28 m at 1.70% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT

20 December 2023

December 19, 2023 – 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-SW, Ki, & 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:

  • YLP-0121: 28 m at 1.70% Li2O, (BIG East)
            and: 6 m at 0.97% Li2O
  • YLP-0114: 17 m at 1.01% Li2O, (Ki)
     including:  5 m at 1.46% Li2O
  • YLP-0116: 13 m at 1.48% Li2O, (Echo)
            and: 9 m at 0.55% Li2O
     including:  2 m at 1.86% Li2O
  • YLP-0124: 12 m at 1.52% Li2O, (Echo)
  • YLP-0112: 11 m at 1.42% Li2O, (Echo)
            and:  5 m at 1.52% Li2O
  • YLP-0106: 10 m at 1.41% Li2O, (Echo)

Francis MacDonald, CEO of LIFT comments, “BIG East continues to deliver wide, high-grade intersections of spodumene: 28 m at 1.70% is phenomenal. We have a nice high-grade pod of mineralization developing at depth. Echo is proving up to be very interesting with stacked pegmatites that are shallowly dipping. This week’s results show greater than 10 m widths with excellent grades.  We are just scratching the surface, having only completed 9 holes in the summer of 2023 at Echo. Finally, Ki also continues to return consistent grades and widths”.

Discussion of Results

This week’s drill results are for eight holes drilled on four different pegmatite complexes, with four holes from Echo (YLP-0106, 0112, 0116, 0124), two holes from BIG East (YLP-0121, -0122), and one hole each from Ki (YLP-0114) and Fi Southwest (YLP-0113). 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.

View Details