LIFT Intersects 26 m at 1.56% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT

3 January 2024

January 3, 2024 – 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 BIG East, Echo, Shorty, & BIG West 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-0117: 26 m at 1.56% Li2O, (BIG East)
  • YLP-0129: 18 m at 0.95% Li2O, (BIG East)
     including:  4 m at 1.29% Li2O
    and including:   5 m at 1.13% Li2O
  • YLP-0128: 10 m at 1.24% Li2O, (Echo)
            and:  12 m at 0.69% Li2O
     including:  5 m at 1.20% Li2O
  • YLP-0126: 10 m at 1.00% Li2O, (Shorty)
     including:   4 m at 1.55% Li2O

Francis MacDonald, CEO of LIFT comments, “The continuity of high-grade spodumene mineralization at BIG East is really shaping up. Also, we’ve intersected the BIG East system in YLP-0129, which looks like a faulted offset of the pegmatite. This opens up additional strike length to the northeast. Drilling at Echo intersected two dykes > 10 m width that are shallowly dipping; we continue to be excited about the near-surface tonnage potential at Echo.”

Discussion of Results

This week’s drill results are for eight holes drilled on four different pegmatite complexes, with three holes reported from BIG East (YLP-0117, -0127, -0129), two holes each from Shorty (YLP-0119, -0126) and BIG West (YLP-0131, -0132), and one hole from Echo (YLP-0128). 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.

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