LIFT Intersects 21 m at 1.12% Li2O at the Ki pegmatite, including 11 m at 1.70% Li2O and 17 m at 1.28% Li2O at the Shorty pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 21 m at 1.12% Li2O at the Ki pegmatite, including
11 m at 1.70% Li2O and 17 m at 1.28% Li2O at the Shorty
pegmatite, Yellowknife Lithium Project, NWT
November 28th, 2023 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT)
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 5 drill holes completed at the
Ki, Shorty, BIG East and Fi-SW 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-0087: 21 m at 1.12% Li2O, (Ki)
including: 11 m at 1.70% Li2O
• YLP-0091: 17 m at 1.28% Li2O, (Shorty)
and: 16 m at 1.01% Li2O
including: 5 m at 1.55% Li2O
• YLP-0085: 13 m at 1.34% Li2O, (BIG East)
and: 8 m at 0.86% Li2O
and: 4 m at 1.47% Li2O
and: 3 m at 1.09% Li2O
• YLP-0084: 10 m at 1.58% Li2O, (BIG East)
and: 4 m at 1.44% Li2O
and: 6 m at 1.19% Li2O
Francis MacDonald, CEO of LIFT comments, “Drill intersects from this week’s results at Ki are the
widest to date with excellent grades. The northern portion of Shorty, where two arms of the
pegmatite have been structurally juxtaposed, has benefits from an open pit mining perspective.
BIG East continues to deliver excellent widths in grades across the pegmatite dyke system. We
continue to be pleased with the consistency of excellent drill intersects produced across the YLP
portfolio.”
Discussion of Results
This week’s drill results are for five holes from four different pegmatite dykes, including BIG East
(YLP-0084, 85), Ki (YLP -0087), Fi Southwest (YLP -0090), and Shorty (YLP -0091). A table of
composite calculations, some general comments related to this discussion, and a table of collar
headers are provided towards the end of this section.
Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far 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.
Ki Pegmatite
The Ki pegmatite is one of several subparallel dykes that occur within a longer north-of-northwest
trending corridor. The Ki dyke itself extends for at least 1,000 m on surface and 100 m downdip,
is around 20 m thick, and dips between 65°- 80° to the southwest. Typically, the Ki pegmatite
consists of a thick central dyke flanked by one or more narrower (1-5 m wide) dykes.
YLP-0087 was designed to test the Ki pegmatite approximately 400 m from its southeastern end
and 50 m vertically beneath the surface. Drilling intersected a 21 m wide pegmatite flanked by 1
m wide dykes on either side, with the thicker central pegmatite returning an assay composite of
21 m at 1.12% Li2O m that includes 11 m at 1.70% Li2O. The two flanking dykes returned negligible
grade (Table 1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Ki pegmatite with diamond drill hole reported in this press release.
Figure 3 – Cross-section of YLP-0087 which intersected the Ki pegmatite dyke with a 21 m interval of 1.12% Li2O.
Shorty Pegmatite
The Shorty pegmatite is one of several dykes occurring within a broader north -of-northeast
striking corridor. Shorty itself comprises a braided zone of dykes that dips 50 °-70° to the west-
northwest and extends for at least 700 m on surface and 200 m downdip. LIFT drilling shows that
this pegmatite may comprise a single dyke up to 25 m wide or 2 -4 dykes between 1-20 m wide
occurring over 30-90 m of core length.
YLP-0091 was designed to test the northern end of the Shorty pegmatite where it comprises two
thick en échelon dykes. The western dyke was intersected approximately 100 m from its southern
end and 50 m vertically below the surface whereas the eastern one was cut at 100 m from its
northern mapped extent and 100 m beneath the surface. Drilling showed that thes e dykes are
each 20 m in core width and separated by 54 m of country rock. Assay composites for the western
dyke returned 1.28% Li2O over 17 m whereas t he eastern one ran 1.01% Li2O over 16 m with a
subinterval of 1.55% Li2O over 5 m (Table 1 and 2, Figures 4 & 5).
Figure 4 – Plan view showing the surface expression of the Shorty pegmatite with diamond drill hole reported in this press release.
Figure 5 – Cross-section illustrating YLP-0091 with results as shown in the Shorty pegmatite dyke with a 17 m interval of 1.28% Li2O.
BIG East
The BIG East pegmatite swarm comprises a 35-90 m wide corridor of parallel-trending dykes that
dips around 55 °-75° degrees west and extends for at least 1,300 m along surface and 200 m
downdip.
YLP-0084 was designed to test the BIG East swarm approximately 600 m from its southern
mapped extent and 25 m vertically beneath the surface. Drilling intersected seven pegmatite
dykes over 75 m of core length, with dykes ranging from 1-10 m in width for a cumulative total of
25 m. All seven dykes returned at least one assay >0.6% Li2O with some of the better composite
intervals including 1.58% Li2O over 10 m, 1.19% Li2O over 6 m, and 1.44% Li2O over 4 m.
YLP-0085 was drilled on the same section as YLP -0084 but centered at 75 m vertically beneath
the surface. Drilling intersected five pegmatite dykes over 66 m of core length, with dykes ranging
from 2-13 m in width for cumulative core width of 26 m. All five dykes returned at least one assay
>1.00% Li2O with some of the better composite intervals including 1.34% Li2O over 13 m, 0.86%
Li2O over 8 m, and 1.47% Li2O over 4 m (Table 1 and 2, Figures 6 & 7).
Figure 6 – Plan view showing the surface expression of the BIG East pegmatite with diamond drill holes reported in this press
release.
Figure 7 – Cross-section illustrating YLP-0085 and YLP-0084 with results as shown in the BIG East pegmatite dyke with a 13 m
interval of 1.34% Li2O and a 10 m interval of 1.58% Li2O.
Fi Southwest
The Fi Southwest (SW) pegmatite is one of several dykes occurring within a longer and wider
north-of-northeast striking dyke corridor. The Fi SW dyke comprises a single dyke with a width of
25-40 m wide or 2-3 dykes within a 50-70 m wide corridor, and dips 60°-80° to the east-southeast
as well as extending for at least 1,100 m on surface and 200 m downdip.
YLP-0090 was drilled to test the Fi SW pegmatite just beyond its’ northern -most mapped extent
and 50 m vertically below the surface. Drilling intersected three, 2-7 m wide, pegmatite dykes over
94 m of core length with cumulative pegmatite thickness of 13 m. N o significant assay results
were returned.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP0084 7 17 10 1.58 BIG East
and 34 38 4 1.44 BIG East
and 61 67 6 1.19 BIG East
YLP0085 58 71 13 1.34 BIG East
and 81 89 8 0.86 BIG East
and 101 105 4 1.47 BIG East
and 112 115 3 1.09 BIG East
YLP0087 69 90 21 1.12 Ki
inc 72 83 11 1.70 Ki
YLP0090 No significant results Fi SW
YLP0091 42 59 17 1.28 Shorty
and 119 135 16 1.01 Shorty
inc 129 134 5 1.55 Shorty
Drilling Progress Update
The Company has now concluded its 2023 drill program at the Yellowknife Lithium Project with
34,238 m completed. Currently, LIFT has reported results from 92 out of 198 diamond drill holes
(16,214 m).
General Statements
Four of the five holes 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. YLP -0090 was drilled parallel to the dip direction of the dyke but
returned negligible grade. 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
YLP0084 6,932,862 345,966 208 120 45 98 BIG East
YLP0085 6,932,882 345,924 202 120 47 140 BIG East
YLP0087 6,942,625 373,215 256 56 46 105 Ki
YLP0090 6,941,161 371,417 252 115 45 150 Fi SW
YLP0091 6,938,293 372,916 250 124 60 150 Shorty
QAQC
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 meth od 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).