9 January 2024
January 9, 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 West, Nite, Shorty, Fi Main & Fi Southwest pegmatites within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1). Drilling intersected significant intervals of spodumene mineralization, with the following highlights:
Highlights:
Francis MacDonald, CEO of LIFT comments, “This week we are releasing results for the first holes from the Nite pegmatite. The first interval of 12 m at 1.51% Li2O is of similar grade and width to the surface expression of the dyke. Fi Southwest also produced an excellent intersect this week which is located 200 m below surface. We continue to encounter high grades at these depths.”
Discussion of Results
This week’s drill results are for eight holes drilled on five different pegmatite complexes, including the first hole from the Nite pegmatite (YLP-0138) as well as two holes from Fi Southwest (YLP-0125, 0130), three from BIG West (YLP-0134, 0135, 0139), and one each from Fi Main (YLP-0136) and Shorty (YLP-0133). 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.