LIFT intersects 22 m at 1.05% Li2O at its Fi Southwest pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 22 m at 1.05% Li2O at its Fi Southwest pegmatite,
Yellowknife Lithium Project, NWT
February 27, 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, & 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-0199: 22 m at 1.05% Li2O, (Fi Southwest)
including: 9 m at 1.87% Li2O
• YLP-0195: 15 m at 1.0% Li2O, (Nite)
including: 2 m at 1.42% Li2O
and including: 8 m at 1.26% Li2O
• YLP-0189: 4 m at 1.11% Li2O, (Fi Boye)
Discussion of Results
This week’s drill results are from 1,325 m drilled across eight holes, including the first hole of the
2024 winter program at Fi Southwest as well as 2023 results from the Nite, BIG West, and Fi Boye
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.
David Smithson, SVP, Geology of LIFT comments, “Results from the deep drilling at Nite this week
continue to impress with hole 195 intercepting 15 m at 1.0% Li2O at 250 m from the surface. This
is the second deep hole we have drilled on the Nite structure following on from 10 m at 1.4% Li2O
drilled at the same level in 2023. The Fi Southwest dyke was similarly impressive this week
returning 22 m at 1 .0% Li2O near to the surface. Drilling to date on the Fi Southwest dyke has
defined over 900 m of good shallow mineralization so we are very excited to test the rest of the
structure to depth in the 2024 drill program currently underway in the field.”
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 shows 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-0199 is the first hole drilled in the 2024 winter program and was collared to test the Fi SW
pegmatite approximately 150 m from its northern mapped extent and 50 m beneath the surface.
Drilling intersected 4 m and 15 m wide pegmatites separated by 3 m of country rock with assays
returning a wall-to-wall composite of 1.05% Li2O over 22 m that includes 9 m of 1.87% Li2O (Table
1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Fi Southwest pegmatite with diamond drill holes reported in this press
release.
Figure 3 – Cross-section illustrating YLP-0199 with results as shown in the Fi Southwest pegmatite dyke with a 22 m interval of
1.05% Li2O.
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° degrees
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-0192 explored the Nite pegmatite approximately 400 m from its northern end, 150 m beneath
the surface, and 100 m downdip of previously released YLP -0152 (1.24% Li2O over 5 m). Drilling
intersected five pegmatite dykes ranging from 1-7 m wide for cumulative pegmatite of 19 m over
45 m of core. The deepest of these three dykes returned 0.87% Li2O over 6 m that includes 2 m
of 1.99% Li2O.
YLP-0195 was drilled on a section 300 m south of YLP -0192 to test the Nite pegmatite 700 m
from its northern end, 250 m beneath the surface, and 200 m downdip of YLP -0138 (1.51% Li2O
over 12 m). New drilling intersected a 17 m wide dyke flanked by several 1- 8 m dykes for
cumulative 28 m of pegmatite over 59 m of core. Sampling of the thick dyke returned an assay
composite of 1.00% Li2O over 15 m that includes subintervals of 1.42% Li2O over 2 m and 1.26%
Li2O over 8 m (Table 1 & 2, Figures 4 & 5).
Figure 4 – Plan view showing the surface expression of the Nite pegmatite with diamond drill holes reported in this press release.
Figure 5 – Cross-section of YLP-0195 which intersected the Nite pegmatite dyke with a 15 m interval of 1.00% Li2O.
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. This week’s results are described from southern - to
northern-most.
YLP-0180 tested the WB dyke approximately 450 m from its southern mapped extent and <25 m
beneath the surface, as well as 50 m and 100 m up -dip of previously released holes (YLP -0160,
0164) that both returned negligible grades. Drilling intersected a single 11 m wide pegmatite dyke
that returned an assay composite of 0.54% Li2O over 5 m, which includes 1 m of 1.60% Li2O.
YLP-0185 was collared just west of the EB dyke and 200 m from the northern mapped extent of
the BIG West complex to target the WB dyke approximately 50 m beneath the surface and 100 m
up-dip of YLP-0191 (see below). Drilling intersected a single one-metre-wide pegmatite dyke that
returned negligible grade.
YLP-0191 was drilled on the same section as YLP-0185 but was collared just east of the EB dyke,
so that it tested this dyke within 25-50 m of the surface and the WB dyke at 150 m depth. Drilling
shows that these bounding dykes are separated by ~100 m of co untry rock, with the EB dyke
comprising two 11-12 m dykes flanked by 2 -3 m wide dykes for cumulative 28 m of pegmatite
over 70 m of drill core whereas WB comprises a single 27 m wide dyke. Significant assays were
returned only from the EB dyke and includes composites of 0.74% Li2O over 11 m (including 1.48%
Li2O over 4 m) and 0.54% Li2O over 12 m (with 1.44% Li2O over 3 m).
YLP-0183 is the most northerly hole drilled on the BIG West complex in 2023, just ~150 m from
its northern mapped extent and targeting the EB dyke within 25 m of the surface. Drilling
intersected a 13 m wide dyke flanked by several 1-7 m wide dykes for 33 m of pegmatite over 69
m of drill core. Assays from the thick dyke returned a composite of 0.51% Li 2O over 6 m that
includes a 1 m interval of 1.16% Li2O whereas the flanking dykes returned negligible grade (Table
1 & 2, Figures 6 & 7).
Figure 6 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press
release.
Figure 7 – Cross-section of YLP-0191 which intersected the BIG West pegmatite dyke with a 11 m interval of 0.74% Li2O.
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. The two holes reported below comprise all the drilling done on Fi Boye in 2023.
YLP-0189 was drilled to test the Fi Boy e dyke approximately 200 m from its northern mapped
extent and 50 m beneath the surface. Drilling intersected a 14 m wide dyke flanked by several 1-
2 m wide dykes for cumulative pegmatite of 16 m over 31 m. The thick dyke returned an assay
composite of 1.11% Li2O over 4 m (Table 1 & 2, Figure 8).
Figure 8 – Plan view showing the surface expression of the Fi Boye 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-0180 10 15 5 0.54
BIG West
inc 13 14 1 1.60
YLP-0183 18 24 6 0.51
BIG West
inc 21 22 1 1.16
YLP-0185 No significant results BIG West
YLP-0189 15 19 4 1.11 Fi Boye
YLP-0191 27 38 11 0.74
BIG West
inc 29 33 4 1.48
and 71 83 12 0.54
inc 72 75 3 1.44
YLP-0192 176 182 6 0.87
Nite
Inc 178 180 2 1.99
YLP-0195 311 326 15 1.00
Nite inc 311 313 2 1.42
and inc 318 326 8 1.26
YLP-0199 58 80 22 1.05
Fi SW
inc 66 75 9 1.87