LIFT Intersects 14 m at 1.50% Li2O at the BIG East Pegmatite, Including 12 m at 1.73% Li2O, Yellowknife Lithium Project, NWT
LIFT Intersects 14 m at 1.50% Li2O at the BIG
East Pegmatite, Including 12 m at 1.73% Li2O,
Yellowknife Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2023) - Li-FT Power Ltd. (
CSE: LIFT
)
(
OTCQX: LIFFF
) (
FSE: WS0
) ("
LIFT
" or the "
Company
") is pleased to report assays from 5 drill holes
completed at the Fi Southwest, Shorty, and BIG East pegmatites within the Yellowknife Lithium Project
("YLP") located outside the city of Yellowknife, Northwest Territories (Figure 1). Drilling has intersected
significant intervals of spodumene mineralization, with the following highlights:
Highlights:
YLP0049:
14 m at 1.50% Li
2
O, including 12 m at 1.73% Li
2
O,
(BIG East)
and: 9 m at 0.66% Li
2
O,
and: 12.3 m at 1.28% Li
2
O.
YLP0048:
12 m at 1.11% Li
2
O,
including 10 m at 1.23% Li
2
O (Shorty)
and: 10 m at 1.46% Li2O, including 8 m at 1.71 % Li
2
O.
YLP0051:
15 m at 1.03% Li
2
O
, including 10 m at 1.34% Li
2
O and (Fi SW)
and: 9 m at 1.03% Li
2
O, including 6 m at 1.28% Li
2
O.
Francis MacDonald, CEO of LIFT, comments, "We continue to be impressed with the amount of
spodumene pegmatite being intersected at depth at BIG East. The pegmatite dyke system is much
larger than we anticipated based on the surface expression. YLP0049 intersected more than 35 meters
of pegmatite with an aggregate grade of 1.20% Li
2
O.
"At Fi Southwest, we have constrained the southwestern portion of spodumene within the pegmatite
dyke, but also we have opened up a new zone towards the northeast with YLP0051 that intersected two
zones for a total width of 24 meters. We believe mineralization is plunging towards the northeast, which
opens up an exciting new area to be drilled in the future which has little to no spodumene pegmatite on
surface."
Discussion of Drill Results
Drill hole YLP0042 intercepted 22 metres of 0.98% Li
2
O from 60 metres. The hole is located near the
north end of Fi Southwest dyke. Hole YLP0051, also located at the north end of outcropping Fi
Southwest dyke, intercepted 15 metres of 1.03% Li
2
O from 74 metres, including 10 metes of 1.34%
Li
2
O from 78 metres, as well as 9 metres of 1.03% Li
2
O in a second dyke from 113 metres, including 6
metres of 1.28% Li
2
O from 115 metes. Hole YLP0044, collared near the southern terminus of Fi
Southwest exposure intersected two intervals of pegmatite for 7 metres from 62 metres and 43 metres
from 88 metres that averaged 0.04% Li
2
O and 0.03% Li
2
O, respectively (Table 1 and Figures 2 and 3).
Hole YLP0048 was collared in the center of the Shorty pegmatite dyke where it intersected three
intervals of the Shorty pegmatite dyke, two of which were spodumene-bearing. The hole intercepted 12
metres of 1.11% Li
2
O from 45 metres, including 10 metres of 1.26% Li
2
O from 46 metres, and 10
metres of 1.46% Li
2
O from 65 metres, including 8 metres of 1.71% Li
2
O from 65 metres (Table 1 and
Figures 4 and 5).
The BIG East pegmatite was tested by hole YLP0049, which also had three pegmatite intervals. The
hole collared in pegmatite at 0.7 metres for 12.3 metres of 1.28% Li
2
O, and 9 metres of 0.66% Li
2
O
from 24 metres, as well as 14 metres of 1.50% Li
2
O from 38 metres, including 12 metres of 1.73% Li
2
O
from 39 metres (Table 1, Figures 6 and 7).
Spodumene is the primary lithium mineral constituent of the dykes and occurs with varying amounts of
quartz, feldspar, and muscovite. All the dykes are in amphibolite-grade Burwash Formation
metasediments.
Drilling Progress Update
Currently, LIFT has reported results from 50 drill holes (8,812 meters). To date, 139 diamond drill holes
have been completed (24,500 meters).
Figure 1 - Location of LIFT's Yellowknife Lithium Project. Drilling is focused on the Road Access
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.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_001full.jpg
Figure 2 - Plan view showing the surface expression of the Fi SW pegmatite with diamond drill hole
reported in this press release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_002full.jpg
Figure 3 - Cross-section of YLP0051 which intersected the Fi SW dyke with a 15 m interval of 1.03%
Li
2
O and 9 m of 1.03% Li
2
O.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_003full.jpg
Figure 4 - Plan view showing the surface expression of the Shorty pegmatite with diamond drill holes
reported in this press release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_004full.jpg
Figure 5 - Cross-section of YLP0048 which intersected 12 metres at 1.11% Li
2
O in the Shorty
pegmatite dyke.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_005full.jpg
Figure 6 - Plan view showing the surface expression of the BIG East pegmatite with diamond drill
holes reported in this press release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_006full.jpg
Figure 7 - Cross-section of YLP0049 which intersected
12.3
metres at 1.28% Li
2
O, 14 m at 1.50%
Li
2
O, and 9 m at 0.66% Li
2
O
.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/182713_9812209a94e8c852_007full.jpg
Table 1 - Assay highlights for drill holes reported in this press release.
Hole No.
From (m)
To (m)
Interval (m)
Li
2
O%
Dyke
YLP0042
60
82
22
0.98
Fi-SW
inc
61
65
4
1.12
inc
70
81
11
1.36
YLP0044
62
69
7
0.04
Fi-SW
and
88
131
43
0.03
YLP0048
45
57
12
1.11
Shorty
inc
46
56
10
1.26
and
65
75
10
1.46
inc
65
73
8
1.71
YLP0049
0.7
13
12.3
1.28
BIG-E
and
24
33
9
0.66
and
38
52
14
1.50
inc
39
51
12
1.73
YLP0051
74
89
15
1.03
Fi-SW
inc
78
88
10
1.34
and
113
122
9
1.03
inc
115
121
6
1.28
Table 2 - Drill collars table of reported drill holes in this press release
Hole No.
Easting
1
Northing
1
Elevation (m)
Length (m)
Azimuth
Dip
Dyke
YLP0042
371,397
6,940,913
250.0
111.0
300
45
Fi SW
YLP0044
371,014
6,940,326
250.9
141.0
299
45
Fi SW
YLP0048
372,837
6,938,093
252.7
97
120
45
Hi
YLP0049
346,036
6,932,989
212.9
82
120
44
Big-E
YLP0051
371,391
6,941,122
251.2
138
116
45
Fi SW
1
UTM NAD83 zone 12
QA/QC and 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 logging 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 Carl Verley, P.Geo., Vice-President, Exploration of LIFT
and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects (NI 43-101).
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
Chief Executive Officer
Tel:
+ 1.604.609.6185
Email:
Website:
www.li-ft.com
Daniel Gordon
Investor Relations
Tel: +1.604.609.6185
Email:
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",
"believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent
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
looking statements. These forward-looking statements and information reflect management's current
beliefs and are based on assumptions made by and information currently available to the company
with respect to the matter described in this new release.
Forward-looking statements involve risks and uncertainties, which are based on current expectations
as of the date of this release and subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from 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,
which is available under the Company's SEDAR+ profile at
www.sedarplus.ca
, and in other filings that
the Company has made and may make with applicable securities authorities in the future. Forward-
looking statements contained herein are made only as to the date of this press release and we
undertake no obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law. We caution investors not to place
considerable reliance on the forward-looking statements contained in this press release.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/182713