LIFT Intersects 23 m at 1.25% Li2O at its Ki pegmatite, Yellowknife Lithium Project, NWT

30 January 2024

January 30, 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 & Ki 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:

  • YLP-0165: 23 m at 1.25% Li2O, (Ki)
  • YLP-0150: 13 m at 1.27% Li2O, (BIG West)
  • YLP-0166: 9.5 m at 1.36% Li2O, (BIG West)
  • YLP-0157: 9 m at 1.10% Li2O, (Nite)
               and:  1 m at 1.13% Li2O
               and:  2 m at 0.85% Li2O
  • YLP-0158: 9 m at 1.02% Li2O, (BIG West)
               and:  7 m at 1.09% Li2O

Discussion of Results

This week’s drill results are for eight holes drilled on three separate pegmatite complexes, including BIG West, Nite and Ki. 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.

Francis MacDonald, CEO of LIFT comments, “This week we have released an excellent result from the Ki pegmatite. Hole YLP-0165 is one of the better holes to date in terms of grade x thickness. The Ki pegmatite will be one of the focuses for the winter drill program and we plan to systematically step out from current drilling along untested spodumene-bearing outcrops to the northwest of drilling completed to date.”

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