LIFT Intersects 13 m at 1.11% Li2O at its Ki pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 13 m at 1.11% Li2O at its Ki pegmatite, Yellowknife Lithium
Project, NWT
VANCOUVER, British Columbia, Feb. 06, 2024 -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT ) (OTCQX: LIFFF)
(Frankfurt: WS0) is pleased to report assays from 10 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-0184: 13 m at 1.11% Li2O, (Ki)
• YLP-0171: 12 m at 1.21% Li2O, (Ki)
• YLP-0152: 5 m at 1.24% Li2O, (Nite)
Discussion of Results
This week’s drill results are for ten holes drilled on the Ki, BIG West and Nite pegmatite complexes. 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, “Hole YLP-0184 at the Ki pegmatite is located 500 m to the northwest of any
drilling completed to date. This hole confirms that spodumene mineralization is present in drilling over 900 m of strike length at
Ki. We look forward to drilling additional meters at Ki in the winter 2024 drill program to keep stepping out along strike and
down dip of mineralization intersected to date.”
Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far focused on the Near Field Group of
pegmatites which are located to the east of the city of Yellowknife along a government-maintained paved highway, as well as
the Echo target in the Further Afield Group.
Ki Pegmatite
The Ki pegmatite is a north-northwest trending corridor of dykes that extends for at least 1.3 km on surface and dips steeply to
the southwest. The corridor consists of between one to five dykes with a similar total pegmatite thickness of up to 25 m.
YLP-0168 tested the Ki pegmatite approximately 300 m from its southern mapped extent and 200-250 m beneath the surface.
Three previously released holes are on section with this hole and returned 1.00-1.40% Li 2O over 10-12 m widths at depths of
50 m (YLP-0069) and 100 m (YLP-0096) but no significant grades at 150 m depth (YLP-0155). New drilling intersected five
widely dispersed pegmatite dykes over 360 m of core length, with each dyke between 1-5 m in width and returning <0.10%
Li2O.
YLP-0171 was drilled to test the Ki pegmatite ~400 m from its southern mapped extent and 150 m below the surface. Two
previously released holes fall on the same drill section, with YLP-0110 returning a cumulative 17 m of pegmatite averaging
1.08% Li 2O at 50 m beneath the surface and YLP-0161 returning no significant results from 200 m depth. New drilling
intersected a single 21 m wide pegmatite dyke that returned an assay composite of 1.21% Li 2O over 12 m.
YLP-0184 is the first hole reported from the northern-most part of this corridor and was collared 750-850 m north of holes YLP-
0168 and -0171. Hole YLP-0184 tested approximately 300 m from the northern mapped extent of the Ki corridor and 50 m
beneath the surface. Drilling intersected an 18 m pegmatite dyke flanked by two, 1 m wide dykes, with assays from the
thicker dyke returning a composite of 1.11% Li 2O over 13 m (Table 1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Ki pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0171 with results as shown in the Ki pegmatite dyke with a 12 m interval of 1.21%
Li2O.
Nite Pegmatite
The Nite pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at
least 1.4 km of strike length, ranges from 10-200 m wide, and dips approximately 50°-70° degrees to the east.
YLP-0152 was designed to test the Nite pegmatite approximately 400 m from its northern mapped extent and 50 m beneath
the surface. Drilling returned a 20 m wide interval bookended by 5 m and 8 m pegmatite intervals that are split by a 7 m panel
of country rock. Assay composites from the upper interval returned 1.24% Li 2O over 5 m whereas the lower dyke returned
negligible grade.
YLP-0162 was drilled to test the Nite pegmatite ~500 m from its northern mapped extent and 200-250 m beneath the surface.
Three previously released holes (YLP-0145, -0148, -0157) drilled on the same section returned 2-3 closely spaced dykes with
cumulative 12-16 m of pegmatite averaging 0.90-1.30% Li 2O at depths of 12.5, 50, and 150 m below the surface. Drilling of
YLP-0162 intersected a 23 m interval bookended by 6 and 11 m wide pegmatite intervals split by a 6 m panel of country rock.
Assays for both intervals returned cross-pegmatite composites averaging around 0.20% Li2O.
YLP-0169 explored the Nite pegmatite approximately 200 m from its northern end and 50 m beneath the surface. Drilling
intersected a single 13 m wide pegmatite dyke that returned an assay composite of 0.59% Li 2O over 10 m that includes
0.92% Li2O over 5 m (Table 1 & 2, Figures 4 & 5).
Figure 4 – Plan view showing the surface expression of the Nite pegmatite with diamond drill holes reported in this press
release.
Figure 5 – Cross-section of YLP-0152 which intersected the Nite pegmatite dyke with a 5 m interval of 1.24% Li 2O.
BIG West Pegmatite
The BIG West pegmatite complex comprises a northeast-trending corridor of parallel-trending dykes that is exposed for at
least 1.5 km along strike and is steeply west dipping to subvertical. The complex is bound by two relatively continuous dyke
structures that are 50-100 m apart in the northern half of the corridor and 150 m apart in the south. These dykes are here
referred to as the east-bounding (EB) and west-bounding (WB) dykes. Descriptions below are ordered from southern to
northern-most.
YLP-0170 tested the WB dyke 250 m from its southern extent and 150 m below the surface. Two previously released holes
drilled on the same section (YLP-0158, -0166) returned intersections of 1.10-1.40% Li 2O over 10-16 m at depths of 5 m and 50
m below the surface. New drilling cut a 13 m interval bookended by 4 and 5 m wide pegmatites split by a 4 m panel of country
rock. Assays were generally negligible besides a 1 m interval in the lower pegmatite that ran 0.76% Li 2O.
YLP-0164 tested the WB dyke approximately 450 m from its southern mapped extent, 150 m beneath the surface, and 100 m
down-dip of YLP-0160 (no significant results). Drilling intersected an 11 m pegmatite flanked by 1 and 4 m wide dykes, for total
16 m of pegmatite over 28 m of core. Cross-dyke assay composites returned <0.10% Li 2O for all three pegmatite intervals.
YLP-0154 was drilled ~450 m from the northern mapped extent of the WB and EB dykes to test pierce points at around 150 m
below the surface. Drilling intersected four clusters of 1-4 dykes spaced 25-40 m apart. Individual dyke widths range from 1-9
m and sum to 34 m of pegmatite over 166 m of drill core, with all returning cross-dyke composites of ≤0.10% Li 2O.
YLP-0167 was collared on a section ~150 m north of YLP-0154 to test the WB and EB dykes approximately 300 m from their
northern mapped extent, 50 m below the surface, and 50 m downdip of previously released YLP-0159 (0.73% Li 2O over 5 m).
Drilling intersected 9 and 14 m wide pegmatite dykes that are separated by 86 m of country rock and flanked by one or two 1-
4 m wide dykes. Assay composites returned 0.78% Li 2O over 10 m from the lower of the two thick dykes whereas all other
dykes returned cross-dyke composites of ≤0.10% Li 2O (Table 1 & 2, Figures 6 & 7).
Figure 6 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press
release.
Figure 7 – Cross-section of YLP-0167 which intersected the BIG West pegmatite dyke with a 10 m interval of 0.78% Li 2O.
Table 1 – Assay highlights for drill holes reported in this press release
Hole No. From (m) To
(m) Interval (m) Li2O% Dyke
YLP-0152 64 69 5 1.24 Nite
YLP-0154 No significant results
BIG
West
YLP-0162 No significant results Nite
YLP-0164 No significant results
BIG
West
YLP-0167 136 146 10 0.78 BIG
West
YLP-0168 No significant results Ki
YLP-0169 70 80 10 0.59 Nite
inc 71 76 5 0.92 Nite
YLP-0170 194 195 1 0.76 BIG
West
YLP-0171 194 206 12 1.21 Ki
YLP-0184 47 60 13 1.11 Ki
Drilling Progress Update
The Company has concluded its 2023 drill program at the Yellowknife Lithium Project with 34,238 m completed. Currently,
LIFT has reported results from 174 out of 198 diamond drill holes (30,666 m).
General Statements
All ten holes described in this news release were drilled broadly perpendicular to the dyke orientation so that the true
thickness of reported intercepts will range somewhere between 65-100% of the drilled widths. A collar header table is provided
below.
Mineralogical characterization for the YLP- pegmatites is in progress through hyperspectral core scanning and X-ray diffraction
work. Visual core logging indicates that the predominant host mineral is spodumene.
Table 2 - Drill collars table of reported drill holes in this press release
Drill Hole NAD83 Easting Northing Elevation (m) Azimuth (°) Dip (°) Depth (m) Dyke
YLP-0152 Zone 11 647,631 6,936,590 207 300 45 111 Nite
YLP-0154 Zone 11 653,970 6,933,567 195 118 50 225 BIG West
YLP-0162 Zone 11 647,768 6,936,386 207 300 53 342 Nite
YLP-0164 Zone 11 653,671 6,933,218 208 118 56 230 BIG West
YLP-0167 Zone 11 654,067 6,933,686 194 118 46 186 BIG West
YLP-0168 Zone 12 373,015 6,942,548 252 56 59 375 Ki
YLP-0169 Zone 11 647,745 6,936,762 204 295 47 99 Nite
YLP-0170 Zone 11 653,559 6,933,049 206 118 48 230 BIG West
YLP-0171 Zone 12 373,015 6,942,673 255 56 54 228 Ki
YLP-0184 Zone 12 372,929 6,943,401 256 58 45 102 Ki
QA/QC & Core Sampling Protocols
All drill core samples were collected under the supervision of LIFT employees and contractors. Drill core was transported from
the drill platform to the core processing facility where it was logged, photographed, and split by diamond saw prior to being
sampled. Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Field
duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups of samples were placed in
large bags, sealed with numbered tags in order to maintain a chain-of-custody, and transported from LIFT’s core logging facility
to ALS Labs (“ALS”) laboratory in Yellowknife, Northwest Territories.
Sample preparation and analytical work for this drill program were carried out by ALS. Samples were prepared for analysis
according to ALS method CRU31: individual samples were crushed to 70% passing through 2 mm (10 mesh) screen; a 1,000-
gram sub-sample was riffle split (SPL-21) and then pulverized (PUL-32) such that 85% passed through 75-micron (200 mesh)
screen. A 0.2-gram sub-sample of the pulverized material was then dissolved in a sodium peroxide solution and analysed for
lithium according to ALS method ME-ICP82b. Another 0.2-gram sub-sample of the pulverized material was analysed for 53
elements according to ALS method ME-MS89L. All results passed the QA/QC screening at the lab, all inserted standards and
blanks returned results that were within acceptable limits.
Qualified Person
The disclosure in this news release of scientific and technical information regarding LIFT’s mineral properties has been
reviewed and approved by Ron Voordouw, Ph.D., P.Geo., Partner, Director Geoscience, Equity Exploration Consultants Ltd.,
and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and
member in good standing with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists
(NAPEG) (Geologist Registration number: L5245).
About LIFT
LIFT 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.
LIFT also holds three early-stage exploration properties in Quebec, Canada with excellent potential for the discovery of buried
lithium pegmatites, as well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.
For further information, please contact:
Francis MacDonald Daniel Gordon
Chief Executive Officer Investor Relations
Tel: + 1.604.609.6185 Tel: +1.604.609.6185
Email: [email protected] Email: [email protected]
Website: www.li-ft.com
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“may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking
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those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties
is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed on March 30, 2023,
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