Li-FT Starts Drilling at the Rupert Lithium Project, Quebec
Li-FT Starts Drilling at the Rupert Lithium
Project, Quebec
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2023) - Li-FT Power Ltd. (CSE:
LIFT
)
(FSE:
WS0
) ("
LIFT
" or the "
Company
") is pleased to announce it has commenced the first diamond
drill program at the Rupert Lithium Project located in the James Bay region of Quebec.
A total of 17
holes have been planned for 5,000 meters of diamond drilling that will test targets generated by the 2021
and 2022 exploration programs (see press release dated November 9, 2022 for details).
Francis MacDonald, CEO of Li-FT comments, "We have systematically explored approximately 2,000
square kilometers of prospective geology that hosts the Whabouchi Lithium Deposit (37.4 million tons at
1.48% Li
2
O
1
) and has generated nine high-quality targets for follow-up exploration. Our first drill program
will target two robust lithium anomalies at Target A and B in the right geological setting proximal to a
large granite intrusion. These anomalies are large enough to represent a significant spodumene
occurrence in one of the most exciting lithium pegmatite districts on the planet".
a
Figure 1a
- Rupert Drill Targets A & B with geology and lithium concentrations as percentile from the
2021 and 2022 till geochemistry surveys (see press release dated November 9, 2022). The lithium
dispersion anomalies overlie folded metasedimentary rocks of the Eastmain Group & Champion
Complex granites and pegmatites, which also hosts the Whabouchi lithium deposit located 10
kilometers to the southwest
.
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b
Figure 1b
: Exploration drill hole collars relative to the lithium dispersion train heads.
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Initial Rupert Program Targeting Lithium Pegmatites under Cover
The lithium anomalies at Rupert A and B Targets overlie folded metasedimentary rocks of the Eastmain
Group (2730-2740 Ma) and Champion Complex granites and pegmatites (~2690 Ma; Figure 1a), known
for hosting economic Li-bearing pegmatites elsewhere in the region (i.e., Whabouchi deposit;
37.4
million tons at 1.48% Li
2
O
1
; Figure 1a and 1b).
To enhance targeting under widespread glacial till cover, a geological targeting model has been
produced from the 3D inversion of property-wide magnetics data and combined with government survey
maps, field observations and LiDAR.
Favourable structures for emplacement of pegmatite dykes were
identified in the model and targeted where they trend under the heads of the lithium dispersion
anomalies (Figures 2-4).
Based on the tenor, size, and geometry of the dispersion anomalies presented
at Targets A and B, the LIFT
technical team believes there could be a significant spodumene occurrence
hidden below either target.
Figure 2
- Tenor and geometry of the dispersion trains at Targets B & A. Target B has a short stubby
dispersion train which terminates abruptly in an elongate WNW orientation. Target A has a long
narrow dispersion train that terminates abruptly against a N-S oriented lake. Both have classic decay
curves leading back to source.
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Target B Drill Plans
At Target B, nine drill holes are planned for a total of 2,500 meters.
Holes are planned to cross the head
of a 1 kilometer long, Li-in-tills dispersion train where the head terminates abruptly against a structure in
a WNW direction (Figure 2).
Holes are positioned along the entire 1.4 kilometer length of the WNW
termination targeting linear magnetic lows that trend in the same direction (Figure 2-4). Mapping in the
target area in 2022 also reveals numerous WNW-trending muscovite-bearing pegmatite dykes are
present in the target area, including a muscovite-beryl-bearing pegmatite dyke grading 0.1% Li
2
O.
Spodumene grains in tills were also observed across the dispersion train in an indicator mineral
sampling program completed by LIFT and processed by Overburden Drilling Management. The
presence of spodumene grains within the till geochemistry anomaly suggests that underlying bedrock
might also contain spodumene.
Target A Drill Plans
Target A is located 3 kilometers to the northwest of Target B at the head of a 3 kilometer long Li-in-tills
dispersion train (Figure 2).
The dispersion train is oriented in a northwest-southwest orientation where it
disappears under a N-S oriented lake (Figure 3).
Eight exploration holes totaling 2,500 meters have
been planned to cover the entire 1.2 kilometer length of the head.
A broad north-northwest linear
magnetic low, possibly representing a regional structure, has been targeted in geophysics where the
dispersion train disappears under the lake (Figure 2-4). Ancillary holes have also been planned at the
southwest edge of the lake testing northeast-trending magnetic gradients (Figure 4), where a muscovite-
bearing dyke has been mapped on surface trending in the same direction.
No other outcrop has been
observed in the field.
Spodumene grains in tills were also observed across the dispersion train in an
indicator mineral sampling program completed by LIFT and processed by Overburden Drilling
Management. The presence of spodumene grains within the till geochemistry anomaly suggests that
underlying bedrock might also contain spodumene.
Figure 3
- Drilling at Targets A & B will focus on the up-ice terminations of the Li-in-tills anomalies.
The linear nature of the terminations of the heads implies that they terminate at structures.
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Figure 4
- Magnetics gradients at the heads of the Li-in-tills dispersion trains, with proposed drill
holes. The magnetics gradients potentially map important structures where the trains terminate.
These locations are considered highly prospective for emplacement of Li-bearing pegmatites.
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Qualified Person
Don Cummings, P.Geo (OGQ # 2183), independent consultant to Li-FT Power Ltd., Qualified Person
under NI 43- 101 on standards of disclosure for mineral projects, has reviewed and approved the
technical content of this release.
About Li-FT
Li-FT is a mineral exploration company engaged in the acquisition, exploration, and development of
lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium
Project located in Northwest Territories, Canada. Li-FT also holds three early-stage exploration
properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, in
addition to the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Field.
For further information, please contact:
Francis MacDonald
Chief Executive Officer
Tel:
Canada:
+1.778.322.8705
Germany: +49.1522.1073741
Email:
Website:
www.li-ft.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements
(collectively, "forward-looking statements"), including those identified by the expressions "anticipate",
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they relate to the Company or its management. The forward-looking statements are not historical facts
but reflect current expectations regarding future results or events. This press release contains forward-
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estimates, factors and assumptions and involve known and unknown risks, uncertainties and other
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Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties
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materially from those in forward-looking statements include the continued availability of capital and
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Forward-looking statements contained in this press release are expressly qualified by this cautionary
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statements involve known and unknown risks, uncertainties and other factors that may cause actual
results, performance or achievements to be materially different from those implied by such
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can be no assurance that the statements will prove to be accurate or that management's expectations
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assumes no responsibility to update or revise forward-looking information to reflect new events or
circumstances unless required by law. Readers should not place undue reliance on the Company's
forward-looking statements.
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release.
1
Mineral resource estimate from 43-101 technical report titled “NI 43-101 TECHNICAL REPORT FEASIBILITY STUDY ON THE WHABOUCHI
LITHIUM MINE AND SHAWINIGAN ELECTROCHEMICAL PLANT” dated February 21, 2018, authored by Dupere et al. Resource quoted is within
Table 1.4 – Whabouchi Deposit in Pit Mineral Resource Estimate: Measured – 16,953,000 tons at 1.57% Li2O, Indicated – 20,403,000 tons at
1.41% Li2O (Cut-off grade of 0.30% Li¬2O)
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https://www.newsfilecorp.com/release/160325