LIFT intersects 16 m at 1.26% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 16 m at 1.26% Li2O at its Echo pegmatite,
Yellowknife Lithium Project, NWT
March 13, 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, & Fi Boye 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-0216: 16 m at 1.26% Li2O, (Echo)
and: 10 m at 1.57% Li2O
and: 10 m at 1.29% Li2O
• YLP-0213: 14 m at 1.20% Li2O, (Echo)
and: 15 m at 0.73% Li2O
including: 2 m at 1.43% Li2O
and: 1 m at 0.59% Li2O
• YLP-0208: 10 m at 0.95% Li2O, (Echo)
including: 6 m at 1.38% Li2O
and: 3 m at 1.00% Li2O
• YLP-0207: 10 m at 0.95% Li2O, (Echo)
including: 5 m at 1.47% Li2O
and: 1 m at 0.79% Li2O
• YLP-0211: 10 m at 0.91% Li2O, (Echo)
including: 4 m at 1.85% Li2O
and: 6 m at 0.54% Li2O
and: 9 m at 0.50% Li2O
and: 4 m at 0.50% Li2O
Discussion of Results
This news release provides results for eight drill holes (1,428 m), five of which are from the 2024
winter program and three from the 2023 drilling. The five holes from the winter program were all
drilled at the Echo pegmatite complex whereas the 2023 holes are from the Fi Main, Fi Southwest,
and Fi Boy e pegmatites. 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, “The Echo pegmatite is living up to initial
expectations. We are seeing a complex stacked set of spodumene pegmatites that are shallow -
dipping which is very favorable for open pit mining. Drill hole YLP-0216 intersected three branches
of pegmatite that total 36 meters within one drill hole.”
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.
Echo Pegmatite System
The Echo pegmatite complex comprises a fanning splay of moderate to gently dipping dykes at
its northwest end (“Echo splay”) that consolidates into a steeply dipping, northwest -trending,
feeder dyke (“Echo feeder”). The dyke complex has a total strike length of over 1.0 km with
individual dykes up to 25 m wide. The holes in this news release were all drilled into the Echo
splay and are described from nearest to furthest from the Echo feeder dyke.
YLP-0216 was collared 400 m northwest of the Echo feeder to test the Echo splay approximately
250 m from its northwestern mapped extent, <25 to 100 m below the surface, and 50 m downdip
of previously released YLP -0128 (1.24% Li2O over 10 m and 1.20% Li2O over 5 m). Drilling
intersected an 87 m interval with 50 m of pegmatite spread over three dykes between 13-23 m in
width. Assays returned significant composites for all three of these dykes, with the upper one
returning 1.57% Li2O over 10 m, the middle dyke assaying 1.29% Li2O over 10 m, and the lower-
most one returning 1.26% Li2O over 16 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-0216 with results as shown in the Echo pegmatite dyke with a 16 m interval of 1.26% Li2O.
YLP-0207 tested the Echo splay on a section 50 m northwest of YLP-0216, approximately 450 m
northwest of the Echo feeder, 200 m from its northwestern mapped extent, 25 -50 m below the
surface, and 100 m up -dip from YLP-0213 (see below). Drilling intersected a 65 m wide interval
with 25 m of pegmatite spread over three dykes that are between 6 -12 m wide. Assays returned
composites of 0.95% Li2O over 10 m from the upper-most dyke, which includes 5 m of 1.47% Li2O,
as well as 0.79% Li2O over 1 m from the second dyke.
YLP-0213 tested the same section as YLP -207 but with intersections targeted 50 m further
downdip to 75-100 m below the surface. Drilling intersected two dyke corridors separated by 55
m of country rock. The upper corridor is 66 m wide with 30 m of pegmatite spread over a 16 m
wide dyke and five subsidiary dykes between 1-6 m in width. The lower corridor comprises a single
dyke that is 23 m wide. Assays returned 1.20% Li2O over 14 m from the thick dyke in the upper
corridor along with 0.59% Li 2O over 1 m from one of the subsidiary dykes. The lower corridor
returned a composite of 0.73% Li2O over 15 m that includes 2 m of 1.43% Li2O (Table 1 & 2, Figures
2 & 4).
Figure 4: – Cross-section illustrating YLP-0213 with results as shown in the Echo pegmatite dyke with a 14 m interval of 1.20% Li2O.
YLP-0211 was collared 100 m northwest of YLP- 0213 to test the Echo splay approximately 550
m from the feeder dyke, 100 m from its northwest extent, 50-100 m below the surface, and 50 m
downdip of YLP -0203 (1.24% Li2O over 13 m). Drilling intersected two intervals of increased
pegmatite; an upper one that is 35 m wide with 20 m of pegmatite spread over three dykes
between 4-10 m in width as well as a lower one that is 17 m wide and contains 13 m of pegmatite.
Assays for the upper interval returned 0.91% Li2O over 10 m and 0.54% Li2O over 6 m, the former
including 4 m of 1.85% Li2O. The lower interval returned composites of 0.50% Li2O over 9 m and
0.50% Li2O over 4 m (Table 1 & 2, Figures 2 & 5).
Figure 5: – Cross-section illustrating YLP-0211 with results as shown in the Echo pegmatite dyke with a 10 m interval of 0.91% Li2O.
YLP-0208 tested the tip of the Echo splay just 50 m from its northwest mapped extent, 600 m
from the feeder dyke, 50 -100 m below the surface, and 50 m downdip of YLP -0202 (0.90% Li2O
over 3 m and 0.50% Li2O over 7 m). Drilling intersected a 58 m wide interval with 32 m of pegmatite
spread over four dykes between 3- 12 m in width. Assay composites for the upper -most dyke
returned 0.95% Li 2O over 10 m that includes 6 m at 1.38% Li2O whereas the lower -most dyke
returned 1.00% Li2O over 3 m (Table 1 & 2, Figures 2 & 6).
Figure 6: – Cross-section illustrating YLP-0208 with results as shown in the Echo pegmatite dyke with a 10 m interval of 0.95% Li2O.
Fi Main Pegmatite
The Fi Main pegmatite is located 250 m to the northeast of the Fi -SW pegmatite complex and
crops out over at least 1.5 km of strike length. The structure dips between 70° -85° to the west-
northwest and consists of two or more dykes that appear to coalesce in the central part of the
complex.
YLP-0190 tested the Fi Main complex approximately 200 m north of the historically mapped
northern end extent of the complex and 400 m north of the 2 nd most northerly hole (YLP- 0024)
that returned 1.12% Li2O over 24 m. Drilling intersected a 126 m wide corridor with 31 m of
pegmatite split among two 11 m wide dykes as well as five 1-3 m wide dykes. No significant assay
results were returned (Table 1 & 2, Figure 7).
Fi Boye Pegmatite
The Fi Boye pegmatite comprises a corridor of mostly north-south striking, steeply east-dipping,
dykes that run parallel to, and lie 500 -700 m west of, the Fi Main complex. The Fi Boy e corridor
has at least 1.7 km of striking length, contains between 1-5 dykes, and ranges from approximately
10-200 m in width. Only two holes were drilled on this dyke in 2023, one of which is reported
below.
YLP-0186 was drilled to test the Fi Boy e dyke approximately 500 m from its northern mapped
extent and 100 m beneath the surface. Drilling intersected a 25 m wide corridor with 21 m of
pegmatite that returned negligible assay results (Table 1 & 2, Figure 7).
Figure 7 – Plan view showing the surface expression of the Fi Main and Fi Boye pegmatites with diamond drill holes reported in this
press release.
Fi Southwest Pegmatite
The Fi SW dyke strikes over at least 1.1 km on surface with an average outcropping width of
approximately 20 m. The dyke dips between 60 °- 80° to the east-southeast and trends towards
the north-northeast. Drilling of Fi SW show that it ranges from a single 20 -40 m wide dyke to 2-3
dykes of similar cumulative width within a 50-70 m wide corridor.
YLP-0187 tested the Fi SW pegmatite approximately 150 m from its northern mapped extent and
250 m vertically below the surface, as well as 50 m, 125 m, and 200 m downdip of, respectively,
previously released intersections that ranged between 1.2- 1.5% Li2O over 12-23 m (YLP -0031,
0047, 0125). Drilling intersected a 20 m wide pegmatite dyke that returned negligible grade (Table
1 & 2, Figure 8).
Figure 8 – Plan view showing the surface expression of the Fi Southwest 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-0186 No significant results Fi Boye
YLP-0187 No significant results Fi SW
YLP-0190 No significant results Fi Main
YLP-0207 27 37 10 0.95
Echo inc 30 35 5 1.47
and 52 53 1 0.79
YLP-0208 37 47 10 0.95
Echo inc 38 44 6 1.38
and 86 89 3 1.00
YLP-0211 50 60 10 0.91
Echo
inc 53 57 4 1.85
and 79 85 6 0.54
and 118 127 9 0.50
and 131 135 4 0.50
YLP-0213 37 38 1 0.59
Echo
and 68 82 14 1.20