LIFT intersects 14 m at 1.55% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 14 m at 1.55% Li2O at its Echo pegmatite,
Yellowknife Lithium Project, NWT
March 19, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) ( TSXV: LIFT )
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 8 drill holes completed at the
Echo, Fi Main , Fi Southwest & Nite 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-0223: 14 m at 1.55% Li2O, (Echo)
• YLP-0226: 13 m at 1.45% Li2O, (Echo)
• YLP-0217: 10 m at 0.93% Li2O, (Echo)
and: 2 m at 0.63% Li2O
• YLP-0219: 9 m at 0.97% Li2O, (Fi Main)
Discussion of Results
This news release provides results for eight drill holes (1,916 m), six of which are from ongoing
2024 winter drilling and two from the 2023 program. Three holes are reported from the Echo
pegmatite, two each on Fi Southwest and Nite, and one from Fi Main. 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.
Dave Smithson, SVP, Geology of LIFT comments, “We are pleased to see the first results from the
southeast end of the Echo pegmatite system where holes 223 and 226 intercepted strong shallow
spodumene mineralization averaging 1.55% Li 2O over 14 m and 1.45% Li 2O over 13 m,
respectively. Geological mapping at this portion of the Echo pegmatite system in 2023 reveals
that there is still an additional 500 m of strike -length of spodumene -bearing pegmatite that
remains untested for follow-up drilling, and so we are very excited to build these initial results by
testing the remainder of the dyke to the southeast, to a depth of 250 m from surface.”
Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far mainly 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, and more recently
advancing to the Echo target, the first drilling in the Further Afield Group.
Echo Pegmatite System
The Echo pegmatite complex comprises a fanning splay of moderate to gently dipping dykes for
0.5 km to the northwest (“Echo splay”) , apparently sourced from a steeply dipping, northwest-
trending, feeder dyke (“Echo feeder”). The dyke complex has a total strike length of over 1.0 km.
The feeder dyke is 10-15 m wide whereas the gently dipping dykes in the splay are thicker, ranging
from 10-25 m wide. The holes in this news release were drilled into both the Echo splay and Echo
feeder dyke.
YLP-0223 is the first hole reported from the Echo feeder dyke and was drilled to test 250 m from
its northern mapped extent and 25 m below the surface. Drilling intersected a single 15 m wide
pegmatite dyke that returned an assay composite of 1.55% Li 2O over 14 m (Table 1 & 2, Figures
2 & 3).
Figure 2 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0223 with results as shown in the Echo pegmatite dyke with a 14 m interval of 1.55% Li2O.
YLP-0226 was collared 50 m south of YLP-0223 to test the Echo feeder 300 m from its northern
mapped extent and 25 m below the surface. Drilling intersected a 41 m corridor with 32 m of
pegmatite that includes a 19 m wide dyke that yielded a composite of 1.45% Li2O over 13 m (Table
1 & 2, Figures 2 & 4).
Figure 4 – Cross-section illustrating YLP-0226 with results as shown in the Echo pegmatite dyke with a 13 m interval of 1.45% Li2O.
YLP-0217 was collared 100 m northwest of the Echo feeder to test the Echo splay about 400 m
from its northwest mapped extent, <25 to 100 m below the surface, and on section with previously
released YLP-0124 (1.52% Li2O over 12 m). Drilling intersected a shallow dipping, 79 m wide,
interval with 29 m of pegmatite spread over a 14 m wide dyke and five others between 1- 7 m in
width. Two of these dykes, spaced 25 -30 m apart, combine to form a composite of 0.88% Li2O
over 12 m (Table 1 & 2, Figure 2).
Fi Main Pegmatite
The Fi Main pegmatite complex crops out over at least 1.5 km of strike length within a north-south
striking corridor that dips between 70 °-85° to the west. The central stretch of the complex
consists of a 25-30 m thick dyke that is flanked by one or more <5 m wide dykes within a 25 -75
m wide corridor. This thick dyke splits to the north and south to form a wider corridor (75-150 m)
that hosts a similar volume of pegmatite spread over more and generally narrower dykes.
YLP-0219 was drilled to test the southern part of the Fi Main pegmatite at 150 -250 m below the
surface. Previously released drill holes that returned on-section intersections of upper pegmatite
include YLP-0008 (0.89% Li2O over 20 m, 25 m depth) and YLP -0014 (0.74% Li2O over 23 m, 50
m). New drilling that targeted 150 m beneath the surface intersected a 23 m upper corridor with
17 m of pegmatite grading 0.97% Li 2O over 9 m. Previous on -section intersections of lower
pegmatite include 0.91% Li2O over 15 m at 75 m depth (YLP-0008) and negligible grade at 100 m
depth. (YLP-0014) New drilling intersected a 20 m wide lower corridor with 13 m of pegmatite
that returned negligible grade (Table 1 & 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press
release.
Figure 6 – Cross-section illustrating YLP-0219 with results as shown in the Fi Main pegmatite dyke with a 9 m interval of 0.97% Li2O.
Fi Southwest Pegmatite
The Fi Southwest (Fi -SW) pegmatite complex is exposed over at least 1.1 km on surface and
occurs within a broader corridor that is 50-100 m wide and dips between 60°-80° to the east. The
complex is cored by a 20-40 m wide main dyke that is continuous for at least 800 m along strike,
with numerous sub-parallel subsidiary dykes between 1-5 m in width. At its northern and southern
ends, the main dyke splays out into a broader corridor with more dykes that have narrower widths.
YLP-0201 and YLP-0206 both tested the northern splay.
YLP-0201 was drilled on a section 150 m beyond the mapped northern extent of the main dyke to
test at 50 m below the surface. Drilling intersected a 63 m wide corridor with 7 m of pegmatite
spread over two dykes, neither of which returned significant grade.
YLP-0206 was collared on a section 100 m south of YLP-0201 to test at 250 m below the surface
and just beyond the mapped northern tip of the main dyke. Previously released drilling on this
section returned 1.03% Li2O over 24 m from 50 -100 m depth (YLP -0051), 1.32% Li2O over 14 m
from 125-150 m (YLP-0075), and 1.06% Li2O over 16 m from 150-175 m depth (YLP-0081). New
drilling intersected a 24 m wide corridor with 19 m of pegmatite that assayed negligible grade
(Table 1 & 2, Figure 7).
Figure 7 – Plan view showing the surface expression of the Fi Southwest pegmatite with diamond drill holes reported in this press
release.
Nite Pegmatite
The Nite pegmatite complex is exposed along 1.4 km of strike length as a swarm of parallel -
trending dykes that occur within a north -northeast striking corridor dipping ~50°-70° degrees to
the east. The northern part of this complex consists of a 5-15 m thick dyke flanked by one or more
1-5 m dykes whereas the southern part comprises a fanning splay of 5-10 thin dykes within a 200
m wide corridor.
YLP-0194 was drilled to test the main pegmatite at 400 m from its northern mapped extent and
200-225 m below the surface. Previous drilling on the same section returned 1.24% Li2O over 5 m
from 50 m depth (YLP -0152) and 0.87% Li2O over 6 m from 150 m (YLP -0192). New drilling
intersected a 20 m wide corridor with 13 m of pegmatite that returned negligible grade.
YLP-0197 was collared on a section 200 m south of YLP-0194 to test the Nite main pegmatite at
250 m below the surface. Previously released drilling on the same section returned 0.58% Li2O
over 17 m from 50 m depth (YLP-0196) and 0.81% Li2O over 13 m from 150 m (YLP-0198). New
drilling intersected a 44 m wide corridor with 22 m of pegmatite that returned negligible grade
(Table 1 & 2, Figure 8).
Figure 8 – Plan view showing the surface expression of the Nite pegmatite with diamond drill holes reported in this press release.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP-0194 No significant results Nite
YLP-0197 No significant results Nite
YLP-0201 No significant results Fi SW
YLP-0206 No significant results Fi SW
YLP-0217 16 26 10 0.93
Echo
and 54 56 2 0.63
YLP-0219 181 190 9 0.97 Fi Main
YLP-0223 20 34 14 1.55 Echo
YLP-0226 34 47 13 1.45 Echo