LIFT intersects 19 m at 1.31% Li2O at its Fi Southwest pegmatite & 23 m at 1.03% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 19 m at 1.31% Li2O at its Fi Southwest pegmatite & 23 m at
1.03% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, March 06, 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 Fi Southwest, BIG
West, Nite, & Echo 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-0200: 19 m at 1.31% Li2O, (Fi Southwest)
• YLP-0203: 13 m at 1.24% Li2O, (Echo)
and: 1 m at 0.51% Li2O
• YLP-0205: 8 m at 1.39% Li2O, (Echo)
and: 7 m at 0.96% Li2O
and: 8 m at 0.73% Li2O
• YLP-0198: 3 m at 1.13% Li2O, (Nite)
and: 10 m at 0.72% Li2O
including: 3 m at 1.20% Li2O
• YLP-0188: 1 m at 1.02% Li2O, (BIG West)
Discussion of Results
This news release provides results for eight holes drilled for 1,116 m as part of the 2024 and 2023 exploration programs. These
results include holes drilled on the Fi Southwest, Nite, Echo, and BIG West 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.
Dave Smithson, SVP, Geology of LIFT comments, “The Fi Southwest continues to return robust intercepts of mineralization
with hole 203 drilling 19 m at 1.31% Li 2O. Drilling on the Fi Southwest has defined 900 m of shallow mineralization to date, so
we are very excited to continue to step-out from these numbers to depth. Drilling at the northwest end of Echo also continued
to return grade and width this week with hole 200 returning an impressive 13 m of 1.2% Li 2O, 350 m from 13 m of 1.24% Li 2O,
13 m of 1.48% Li2O and 11 m of 1.42% Li2O drilled in 2023.”
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.
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-0200 tested the Fi SW pegmatite approximately 250 m from its northern mapped extent and 50 m below the surface, and
in between sections located 50 m north and 50 m south that, from 2023 drilling, returned intersections of 1.0-1.5% Li 2O over
20-25 m to approximately 200 m depth. New drilling intersected a single 26 m pegmatite that returned 1.31% Li 2O over 19 m
(Table 1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Fi Southwest pegmatite with diamond drill hole reported in this
press release.
Figure 3 – Cross-section illustrating YLP-0200 with results as shown in the Fi Southwest pegmatite dyke with a 19 m interval
of 1.31% Li2O.
Echo Pegmatite
The Echo pegmatite complex comprises a steeply dipping, northwest-trending, feeder dyke that splits into a fanning splay of
moderate- to gently dipping dykes at its northwest end. The dyke complex has a total strike length of over 1.0 km with
individual dykes up to 25 m wide. The holes described below were collared on the fanning splay part of the complex that
consists of several subparallel moderate to shallow dipping dykes.
YLP-0202 tested the northwestern fanning splay of the Echo complex, within 100 m of its mapped extent, <25 m below the
surface, as well as 50 and 100 m along strike from YLP-0203 and 0205 respectively (see below) and 200 m along strike from
previously released YLP-0128 (1.24% Li2O over 10 m and 0.69% Li2O over 12 m). Drilling intersected a 10 m dyke flanked by 1
-3 m wide dykes for cumulative 14 m pegmatite over 25 m of core. Assays returned composites of 0.90% Li 2O over 3 m and
0.50% Li2O over 7 m, the latter including a 2 m interval that returned 1.32% Li2O.
YLP-0203 was collared 50 m east of YLP-0202 to test the same dyke system at 25-50 m below the surface. Drilling
intersected a 15 m dyke and a 10 m dyke separated by 16 m of country rock, with the upper and thickest dyke returning an
assay composite of 1.24% Li 2O over 13 m. The lower dyke returned a wall-to-wall composite of 0.21% Li 2O over 10 m that
includes one metre of 0.51% Li2O.
YLP-0205 was collared halfway between YLP-0202 and YLP-0128 to test the Echo dyke fan at 50 m beneath the surface.
Drilling intersected two clusters of dykes that are separated by ~20 m of country rock; the upper group consists of four dykes
between 2-8 m in width for cumulative 25 m of pegmatite in 56 m of core whereas the lower group consists of two dykes that
are each 2 metres wide and separated by 6 m of country rock. Assays from the upper group of dykes returned composites of
1.39% Li 2O over 8 m, 0.96% Li 2O over 7 m, and 0.73% Li 2O over 8 m for a combined 23 m of pegmatite at 1.03% Li 2O. The
lower group returned negligible grades (Table 1 & 2, Figures 4 & 5).
Figure 4 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press
release.
Figure 5 – Cross-section of YLP-0203 which intersected the Echo pegmatite dyke with a 13 m interval of 1.24% Li 2O.
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 and dips approximately 50°-70° to the east. The northern part of this complex consists of a main
dyke flanked by one or more thinner dykes whereas the southern part comprises a fanning splay of 5-10 thinner dykes that is
up to 200 m wide.
YLP-0193 explored the Nite pegmatite approximately 700 m from its northern end and 150 m beneath the surface, as well as
100 m downdip of previously released YLP-0138 (1.51% Li 2O over 12 m) and 100 m up-dip of YLP-0195 (1.00% Li 2O over 15
m). Drilling intersected two groups of dykes separated by 30 m of country rock; an upper group of two dykes summing to 6 m
of pegmatite over 9 m of core and a lower group of five dykes totaling 24 m of pegmatite over 44 m. Notable assays were
returned for 3 of 5 dykes in the lower group, including 1.01% Li2O over 8 m, 0.72% Li2O over 1 m, and 0.56% Li2O over 1 m.
YLP-0196 was drilled on a section 100 m north of YLP-0193 to test the Nite pegmatite 50 m beneath the surface and 100 m
up-dip of YLP-0198 (described below). Drilling intersected three dykes between 5-10 m in width for cumulative 21 m of
pegmatite over 40 m of drill core. The upper-most and widest of these dykes returned 0.51% Li 2O over 10 m that includes two
higher-grade intervals of 1.0-1.1% Li 2O over 2 m. The two lower dykes returned 0.70% Li 2O over 6 m (including 1.12% Li 2O
over 3 m) and 0.59% Li2O over 1 m.
YLP-0198 was drilled 100 m downdip of YLP-0196 (see above) and intersected three 2-10 m wide dykes spaced 8-11 m apart
for cumulative 22 m of pegmatite over 38 m of core. The two lower dykes each returned composites of 0.4-0.7% Li2O over 10 m
that also each includes a 3 m interval of 1.1-1.2% Li 2O (Table 1 & 2, Figures 6 & 7).
Figure 6 – Plan view showing the surface expression of the Nite pegmatite with diamond drill holes reported in this press
release.
Figure 7 – Cross-section of YLP-0193 which intersected the Nite pegmatite dyke with an 8 m interval of 1.01% 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- (EB) and west-bounding (WB) dykes. Three of the holes reported here are the most northerly drilled on
this complex.
YLP-0188 was collared on the transition between more widely and closely spaced EB and WB dykes, approximately 600 m
from the southern mapped extent of the BIG West complex. Drilling was designed to test the BIG West corridor at 50-100 m
beneath the surface and intersected three groups of 1-9 m wide pegmatite spaced 29-36 m apart. Assay results are generally
negligible except a sample from one of the middle group dykes that returned 1.02% Li2O over 1 m (Table 1 & 2, Figure 8).
Figure 8 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill hole 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-0188 56 57 1 1.02 BIG West
YLP-0193 196 197 1 0.56 Nite
and 207 208 1 0.72
and 213 221 8 1.01
YLP-0196 72 82 10 0.51 Nite
inc 73 75 2 1.05
inc 79 81 2 1.02
and 94 95 1 0.59
and 106 112 6 0.70
inc 107 110 3 1.12
YLP-0198 190 193 3 1.13 Nite
and 207 217 10 0.72
inc 211 214 3 1.20
YLP-0200 50 69 19 1.31 Fi SW
YLP-0202 3 6 3 0.90 Echo
and 11 18 7 0.50
inc 14 16 2 1.32
YLP-0203 16 29 13 1.24 Echo
and 51 52 1 0.51
YLP-0205 24 32 8 1.39 Echo
and 44 51 7 0.96
and 72 80 8 0.73
General Statements
All eight 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-0188 Zone 11 653,870 6,933,284 212 115 45 158 BIG West
YLP-0193 Zone 11 647,569 6,936,261 213 298 48 237 Nite
YLP-0196 Zone 11 647,545 6,936,408 204 298 45 128 Nite
YLP-0198 Zone 11 647,638 6,936,351 206 298 50 251 Nite
YLP-0200 Zone 12 371,409 6,940,953 250 302 45 102 Fi SW
YLP-0202 Zone 12 438,904 6,922,693 295 215 45 42 Echo
YLP-0203 Zone 12 438,957 6,922,687 299 215 45 72 Echo
YLP-0205 Zone 12 439,014 6,922,680 304 215 45 126 Echo
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: