LIFT Intersects 18 m at 1.72% Li2O at the BIG East pegmatite and 12 m at 1.04% Li2O at the Shorty pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 18 m at 1.72% Li2O at the BIG East pegmatite and
12 m at 1.04% Li2O at the Shorty pegmatite, Yellowknife Lithium
Project, NWT
October 24, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) ( CSE: LIFT)
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 5 drill holes completed at the
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:
• YLP-0092: 18 m at 1.79% Li2O, (BIG East)
and: 7 m at 1.58% Li2O.
• YLP-0064: 13 m at 1.55% Li2O, (BIG East)
and: 10 m at 1.04% Li2O
• YLP-0063: 9 m at 1.09% Li2O, (BIG East)
and: 8 m at 1.26% Li2O
and: 3 m at 1.20% Li2O.
• YLP-0060: 9 m at 1.21% Li2O, (BIG East)
and: 4 m at 1.39% Li2O
and: 3 m at 1.00% Li2O.
• YLP-0059: 12 m at 1.04% Li2O, (Shorty)
Francis MacDonald, CEO of LIFT comments , “BIG East has delivered the highest grade
intersects from across the project to date in hole YLP0092 across excellent width. Our
expectations from BIG East in terms of grades and widths continue to be exceeded.”
Discussion of Results
This news release includes assay results for one hole from the Shorty pegmatite (YLP-0059)
and four from the BIG East pegmatite dyke swarm (YLP-0060, 63, 64, 92). A table of composite
calculations and some general comments related to this discussion are provided towards the
end of this release.
BIG East
The BIG East pegmatite swarm comprises a 35-80 m wide corridor of parallel-trending dykes that
dips around 55 °-75° west and extends for at least 1,000 metres along surface and 200 metres
downdip.
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.
YLP-0060 was designed to test the BIG East swarm approximately 300 m from its northern end
and 50 vertical metres beneath the surface. Drilling intersected three pegmatite dykes that
assayed intervals of 1.21% Li2O over 9 m, 1.39% Li2O over 4 m, and 1.00% Li2O over 3 m.
YLP-0063 was designed to test the BIG East pegmatite approximately 250 m from its southern
end and 100 vertical metres beneath the surface. Drilling intersected five pegmatite dykes, with
the three uppermost of returning assay composites of 1.26% Li2O over 8 m, 1.09% Li2O over 9 m,
and 1.20% Li2O over 3 m. The lower dykes returned negligible grade.
YLP-0064 tested the BIG East swarm approximately 200 m from its northern end and 50 vertical
metres beneath the surface. Drilling intersected t wo dykes that returned assay composites of
1.04% Li2O over 10 m and 1.55% Li2O over 13 m.
YLP-0092 tested the BIG East swarm approximately 350 metres from its southern tip and 150
vertical metres beneath the surface. Drilling intersected four dykes, with the second and third
ones returning 1.72% Li2O over 18 m and 1.58% Li2O over 7 m. The upper- and lower-most dykes
returned negligible grades (Table 1 and 2, Figures 3, 4, 5 and 6).
Shorty
The Shorty pegmatite comprises a braided zone of dykes that dips 50°-70° to the west-
northwest and extends for at least 600 m on surface and 200 m downdip. LIFT drilling shows
the pegmatite may comprise a single dyke up to 20 m wide or 2-4 dykes, mostly 1-15 m wide,
within a 30-40 m wide corridor (Table 1 and 2, Figures 6 and 7).
YLP-0059 was designed to test the Shorty pegmatite 200 m from its southern end and 50 m
vertically below surface, with drilling intersecting dykes from 45 -51 m and 57 -71 m core depth.
Assays returned 1.04% Li2O over 12 m for the lower dyke. The upper dyke returned no significant
results.
Drilling Progress Update
Currently, LIFT has reported results from 67 diamond drill holes (11,808 metres). To date, 192
diamond drill holes have been completed (32,299 metres).
Figure 2 – Plan view showing the surface expression of the BIG-East pegmatites with diamond drill hole reported in this press release.
Figure 3 – Cross-section of YLP-0092 which intersected the BIG-East pegmatite dyke with a 18 m interval of 1.72% Li2O.
Figure 4 – Cross-section of YLP-0064 which intersected the BIG-East pegmatite dyke with a 13 m interval of 1.55% Li2O .
Figure 5 – Cross-section illustrating YLP-0060 with results as shown in the BIG-East pegmatite dyke with a 9 m interval of 1.21% Li2O
Figure 6 – Plan view showing the surface expression of the Shorty pegmatites with diamond drill hole reported in this press release..
Figure 7 – Cross-section illustrating YLP-0059 with results as shown in the Shorty pegmatite dyke with a 12 m interval of 1.04% Li2O
Table 1 – Assay highlights for drill holes reported in this press release.
Hole ID From To Length Li2O % Dyke
YLP-0059 57 69 12 1.04 SHORTY
YLP-0060
23 26 3 1.00 BIG EAST
32 36 4 1.39 BIG EAST
57 66 9 1.21 BIG EAST
YLP-0063
76 84 8 1.26 BIG EAST
101 110 9 1.09 BIG EAST
119 122 3 1.20 BIG EAST
YLP-0064 28 38 10 1.04 BIG EAST
56 69 13 1.55 BIG EAST
YLP-0092 163 181 18 1.72 BIG EAST
189 196 7 1.58 BIG EAST
General Statements
All five holes described in this news release were drilled at azimuths between 120°-125° and dips
of 45°-50°, broadly perpendicular to the dyke orientation. True thickness of these intercepts will
therefore 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 hyper spectral core
scanning and X -ray diffraction work. Visual core logging indicates that the predominant host
mineral is spodumene whereas other significant non -lithium bearing phases include quartz and
feldspar.
Table 2 - Drill collars table of reported drill holes in this press release
Drill Hole Easting Northing Elevation (m) Azimuth (°) Dip (°) Depth (m) Dyke
YLP-0059 372,720 6,937,930 254 125 45 121 HI (SHORTY)
YLP-0060 346,100 6,933,124 215 120 45 110 BIG EAST
YLP-0063 345,830 6,932,765 198 120 45 160 BIG EAST
YLP-0064 346,157 6,933,215 209 120 45 131 BIG EAST
YLP-0092 345,838 6,932,937 202 120 48 260 BIG EAST
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 core processing facility where it was
logged, photographed, and split by diamond saw prior to being sam pled. 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 carr ied 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 wa s 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).
LIFT Retains Renmark
The Company further announces that it has retained the services of Renmark Financial
Communications Inc. (“Renmark”) to manage some of its investor relations activities.
In consideration of the services to be provided by Renmark, mon thly fees will include cash
consideration of up to $9,000 CAD, starting on November 1st, 2023, for a period of 7 months and
become monthly thereafter.
Renmark does not have any interest, directly or indirectly, in LIFT, or its securities, or any right or
intent to acquire such an interest.
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 projec t 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
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