Li-FT Intersects Wide Intervals of Spodumene Pegmatite Below Fi Southwest Outcrop, Yellowknife Lithium Project, NWT
Li-FT Intersects Wide Intervals of Spodumene
Pegmatite Below Fi Southwest Outcrop,
Yellowknife Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2023) - Li-FT Power Ltd.
(CSE: LIFT) (FSE:
WS0)
("
LIFT
" or the "
Company
")
is pleased to report that initial drilling below the Fi Southwest
pegmatite has intersected widths of spodumene-bearing pegmatite similar to surface exposures and
that the dyke contains similar amounts of spodumene to what was reported in historic work completed in
the 1970s and 1980s
1
(locally 5 - 50% spodumene content).
Francis MacDonald, CEO of LIFT comments, "We are pleased that, to date, the historic results
1
produced by previous operators have been confirmed by our drilling at Fi Southwest. The presence of
spodumene within the Fi Southwest dyke over drill intersects of 33 to 80 meters suggests that the
historic work was accurate and that the lithium pegmatite dykes have similar widths at depth to outcrops
on surface. We look forward to initial assay results and continued diamond drilling that will extend the
known pegmatite occurrences to depth."
Figure 1 - Location of LIFT's Yellowknife Lithium Project. Drilling will focus on the Road Access Group
of pegmatites which are located to the east of the city of Yellowknife along a government-maintained
paved highway. The Fi Southwest dyke is the target of the first six drill hole during the 2023 drill
campaign.
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Figure 2 – Plan map of the Fi Southwest-Fi Main drill program showing location of A) cross sections and
B) long section (Figures 6, 7, 8). Spodumene-bearing pegmatite intersects for YLP0001 through
YLP0006 are reported below in Table 1.
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Figure 3 - YLP0003 drill set up viewed from a helicopter. YLP0003 intersected 39 meters of
spodumene-bearing pegmatite dyke (55 to 94 meters) which is similar to the width of the outcrop on
surface.
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Assay and Reporting Update
LIFT is pleased to report that the first two holes from the 2023 diamond drill program (YLP0001 &
YLP0002) have been sent to ALS Laboratories. The Company looks forward to providing initial assay
results from the holes reported above in due course.
Figure 4a - Core photos of drill hole YLP0003. Spodumene-bearing pegmatite was intersected from
55 to 94 meters (intersect continues on next page).
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Figure 4b - Core photos of drill hole YLP0003. Spodumene-bearing pegmatite was intersected from
55 to 94 meters.
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Figure 5 - Close up photographs of drill holes YLP0003 and YLP0004 showing the style of
spodumene mineralization within the Fi Southwest pegmatite dyke. Spodumene was logged visually
and confirmed with a portable Laser-Induced Breakdown Spectroscopy analyzer (pLIBS) Note: core is
HQ-size or 63.5 mm in diameter.
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Table 1 - Spodumene pegmatite intersections from the initial six holes of the Yellowknife Lithium
Project. Note YLP0005 and YLP0006 were drilled down-dip due to "high potential archaeology areas".
High-potential archaeology areas will be surveyed in July and if no archaeological sites are found
drilling can proceed from areas oriented against the dip of the dykes.
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Figure 6 - Cross section of holes YLP0002 and YLP0003 showing intersects of spodumene-bearing
pegmatite against LIFT's initial targeting model for the Fi Southwest pegmatite. Note - 3D model was
based on outcropping exposures and extrapolated to 300 meters vertical depth.
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Figure 7 - Cross section of holes YLP0006 showing the intersect of spodumene-bearing pegmatite
against LIFT's initial targeting model for the Fi Southwest pegmatite. Note - 3D model was based on
outcropping exposures and extrapolated to 300 meters vertical depth.
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Figure 8 - Long section of the Fi Southwest pegmatite based on initial targeting model. Pierce points
for planned drill holes is shown as well as spodumene-bearing pegmatite intersects reported in this
news release.
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