Li-FT Announces Start of Winter Drill Program, Yellowknife Lithium Project, NWT
Li-FT Announces Start of Winter Drill Program, Yellowknife
Lithium Project, NWT
January 29, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) (TSXV: LIFT )
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report that the Company has commenced a winter
diamond drill program at the Yellowknife Lithium Project. This 2024 winter drilling program aims
to drill just over 100 holes for 18,600 m on six of LIFT’s pegmatite prospects (Figures 1, 2) to build
on the 34,200 m of drilling across 198 holes that was completed in 2023.
Francis MacDonald, CEO of LIFT comments, “We are excited to have the drills turning again for
the winter program at our Yellowkn ife Lith ium P roject. This winter’ s program will foc us on
resource expansion, stepping outwards from spodumene mineralization defined in our summer
2023 program. Our intent for the 2024 winter program is to system atically drill off six of the
spodumene pegmatites in our portfolio to 100 meters by 100 -meter centers. The planned
meterage is focused in areas that we feel will add the most tonnage for the least number of drilled
meters.”
Figure 1 – Overview map of LIFT’s Yellowknife Lithium Project showing the areas of focus for the 2024 winter drilling program ,
including the BIG, Fi, Ki, Shorty, and Echo pegmatites.
Figure 2 – Reported drill holes from 2023 and planned holes for 2024 winter drilling on the BIG East, Echo, Fi- Main, Fi-SW, Ki, and
Shorty pegmatites.
BIG-East Pegmatite
LIFT plans to drill 2,945 m over 16 diamond drill holes to vertical depths of up to 350 m at the BIG-
East pegmatite. At surface, the pegmatite occurs as a 1.8-kilometer-long northeast-trending dyke
swarm up to 100 m-wide (Figure 3). At approximately 75 m below surface, the swarm merges into
a single 30 m-wide feeder dyke (Figure 4). Drilling across this structure in 2023 returned highlight
intercepts of 28 m of 1.70% Li2O, 26 m of 1.56% Li2O, and 22 m of 1.35% Li2O (Table 1). The 2024
Drilling will focus on extending these grades and widths 450 m to the northeast, stepping out from
2023 results derived from one or two closely spaced dykes that returned 18 m of 1.75% Li2O, 23
m of 1.33% Li2O, and 23 m of 1.17% Li2O. The program will also test below the deepest parts of
the spodumene system at the southwestern end of the dyke and up to 350 m below the surface,
where drill holes will step out below to test beneath the previously drilled 18 m of 1.79% Li2O (hole
YLP-0092) and 28 m of 1.19% Li2O (hole YLP-0085).
Figure 3 – Plan view showing the surface expression of the BIG-East pegmatite, reported holes from 2023 drilling, and planned holes
for the 2024 winter program.
Figure 4 – Cross section from the southern part of the BIG -East pegmatite showing multiple dykes coalescing into a single feeder
dyke at depth, reported holes from the 2023 program, and one of the planned 2024 drill holes.
Table 1 – Assay highlights from 2023 summer drilling at BIG East
Hole From (m) To (m) Interval (m) Li2O (%) Dyke
YLP-0058 92 122 23* 1.17 BIG East
YLP-0064 28 69 23* 1.33 BIG East
YLP-0077 212 234 22 1.35 BIG East
YLP-0085 58 115 28* 1.19 BIG East
YLP-0092 163 181 18 1.79 BIG East
YLP-0109 45 63 18 1.75 BIG East
YLP-0117 164 190 26 1.56 BIG East
YLP-0121 77 105 28 1.70 BIG East
*Cumulative total of 2 or more dykes spaced <20 m apart
Echo Pegmatite
LIFT plans to drill at the Echo pegmatite 8,390 m over 54 diamond drill holes, up to vertical depths
of 250 m below the surface . This pegmatite comprises a steeply dipping, northwest-trending,
feeder dyke that splits into a fanning splay of moderate to gently dipping dykes at its northwest
end (Figure 5). The dyke complex has a total strike length of over 1.0 kilometer with individual
dykes up to 25 m wide. Highlights from 2023 drilling, all of which were collared in the northwest
splay (Figure 6), returned 12 m of 1.52% Li2O, 13 m of 1.24% Li2O, and 10 m of 1.41% Li2O (Table
2). The 2024 drill plan will test the most northwesterly part of the splay structure along 350 m of
strike as well as the feeder dyke along 550 m of strike to the southeast. Proposed holes on the
splay structure will step out from 2023 holes that returned 13 m of 1.48% Li2O and 11 m of 1.42%
Li2O, and test mineralization to a vertical depth of 250 m. The feeder dyke has not yet been drilled
by LIFT, while historical surface work suggests that it is approximately 10 m wide and contains
25-30% spodumene.
Figure 5 – Plan view showing the surface expression of the Echo pegmatite, reported holes from 2023 drilling, and planned holes for
the 2024 winter program.
Figure 6 – Cross section through the northwest splay of the Echo pegmatite showing gently dipping structure, reported holes from
the 2023 program, and three of the planned 2024 drill holes.
Table 2 – Assay highlights from 2023 summer drilling at Echo
Hole From (m) To (m) Interval (m) Li2O (%) Dyke
YLP-0106 6 16 10 1.41 Echo
YLP-0107 47 60 13 1.24 Echo
YLP-0112 7 18 11 1.42 Echo
YLP-0116 45 58 13 1.48 Echo
YLP-0124 5 17 12 1.52 Echo
Fi-Main & Fi-Southwest Pegmatites
LIFT plans to drill 3,395 m over 18 diamond drill holes to vertical depths of up to 325 m at the Fi-
Main and Fi-Southwest (SW) pegmatite dykes.
The Fi-Main dyke is located 250 m to the northeast of Fi -SW and crops out over a distance of
1.5 kilometers (Figure 7). The structure dips steeply to the west and consists of two or more dykes
that appear to coalesce towards the north (Figure 8). Highlights from 2023 drilling include 27 m
of 1.26% Li2O, 22 m of 1.53% Li2O, 30 m of 1.13% Li2O, and 23 m of 1.33% Li2O (Table 3). Drilling
is planned to extend mineralization along 1.0 kilometer of strike length to approximately 150 m
vertically below surface. A second drill at the north end of the dyke will focus on extending the
mineralization another 325 m to the northeast to build on 2023 intersections of 24 m of 1.12%
Li2O and 27 m of 1.26% Li2O.
Figure 7 – Plan view showing the surface expression of the Fi-Main pegmatite, reported holes from 2023 drilling, and planned holes
for the 2024 winter program.
Figure 8 – Cross section through the Fi-Main pegmatite showing multiple closely-spaced dykes, hole YLP-0024 reported from the
2023 program, and one of the planned 2024 drill holes.