LIFT Intersects 22 m at 1.35% Li2O and 22 m at 0.82% Li2O including 10 m at 1.35% at the BIG East pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 22 m at 1.35% Li2O and 22 m at 0.82% Li2O
including 10 m at 1.35% at the BIG East pegmatite, Yellowknife
Lithium Project, NWT
November 14th, 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
BIG East and Fi Southwest 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-0077: 22 m at 1.35% Li2O, (BIG East)
• YLP-0074: 22 m at 0.82% Li2O, (BIG East)
including: 10 m at 1.35% Li2O
• YLP-0108: 15 m at 1.28% Li2O, (BIG East)
and: 14 m at 1.27% Li2O
• YLP-0076: 5 m at 1.38% Li2O, (BIG East)
and: 4 m at 1.04% Li2O
and: 3 m at 1.15% Li2O
and: 1 m at 1.33% Li2O
and: 4 m at 1.00% Li2O
• YLP-0081: 10 m at 0.98% Li2O, (Fi-Southwest)
and: 3 m at 1.20% Li2O
and: 3 m at 1.33% Li2O
Discussion of Results
This week’s drill results are for five holes from two different pegmatite dykes, including four from
the BIG East swarm (YLP -0074, 76, 77, 108) and one from Fi Southwest (YLP -0081). 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.
BIG East Pegmatite
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 1,100 m along surface and 200 m
downdip.
YLP-0074 was designed to test the BIG East swarm just 50 m south of the dyke swarm’s northern
mapped extent and 25 m vertically beneath the surface. Drilling intersected two pegmatite dykes
in 33 m of core, with first dyke intercepted over 4 m and the second 22 m but including three 1-2
m wide septa of metasedimentary country rock. Assays from the lower dyke returned 0.82% Li2O
over 22 m, including an interval of 1.35% Li2O over 10 m.
YLP-0076 was drilled 600 m south of YLP-0074 to test the BIG East swarm some 550 m from its
southern mapped extent and 50 to 100 m vertically beneath the surface. Drilling intersected eight,
2-8 m wide pegmatite dykes that are separated by at least 3 m of country rock and sum up to a
total 37 m of pegmatite or approximately 40% of the 90 m interval. Five of these dykes returned
assay composites between 1.00-1.38% Li2O over core widths of 1 -5 m; one returned 0.55% Li2O
over 5 m, and the two narrowest dykes, which bookend this 90 m interval, returned negligible
grades.
YLP-0077 was drilled approximately halfway between YLP -0074 and YLP-0076, approximately
300 m from the northern end of the BIG East swarm and tested 150-200 m below the surface.
Drilling intersected two dykes over 39 m of drill core, with the upper intercept approximately 4 m
wide and the lower dyke 25 m. Assay results for the lower dyke returned a composite of 1.35%
Li2O over 22 m whereas the upper dyke returned 1 m of 0.47% Li2O and otherwise negligible
results.
YLP-0108 was drilled between YLP-0076 and YLP-0077 to test the BIG East swarm approximately
550 m from its northern mapped extent and 75 m vertically below the surface. Drilling again
intersected two dykes over 39 m of drill core, with the upper dyke approximately 14 m wide and
the lower one 17 m. Assay results for the upper dyke returned a composite of 1.27% Li2O over 14
m whereas the lower dyke returned 1.28% Li2O over 15 m (Table 1 and 2, Figures 2, 3 & 4).
Figure 2 – Plan view showing the surface expression of the BIG-East pegmatite with diamond drill holes reported in this press
release.
Figure 3 – Cross-section of YLP-0077 which intersected the BIG-East pegmatite dyke with a 22 m interval of 1.35% Li2O.
Figure 4 – Cross-section of YLP-0108 which intersected the BIG-East pegmatite dyke with a 15 m interval of 1.28% Li2O.
Fi Southwest Pegmatite
The Fi Southwest (SW) pegmatite is one of several dykes occurring within a longer and wider
north-northeast striking dyke corridor. The Fi-SW dyke itself is 25-30 m wide, dips 60°-80° to the
east-southeast and extends for at least 1,100 m on surface and 200 m downdip.
YLP-0081 was drilled to test the Fi-SW pegmatite 50 m from its known northern end and 150-200
m vertically below the surface. Drilling intersected three, 5-14 m wide, pegmatite dykes over 39 m
of core length, for cumulative pegmatite thickness of 22 m (or 56% of this interval). Assay
composites from the upper- to lower-most dyke include, respectively, 1.20% Li2O over 3 m, 1.33%
Li2O over 3 m, and 0.98% Li2O over 10 m (Table 1 and 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Fi-SW pegmatite with diamond drill holes reported in this press release.
Figure 6 – Cross-section illustrating YLP-0081 with results as shown in the Fi-SW pegmatite dyke with a 10 m interval of 0.98% Li2O.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP-0074 18 40 22 0.82 BIG East
Including 20 30 10 1.35 BIG East
YLP-0076
and
and
and
and
70 75 5 1.38 BIG East
82 86 4 1.04 BIG East
92 95 3 1.15 BIG East
100 101 1 1.33 BIG East
114 118 4 1.00 BIG East
YLP-0077 212 234 22 1.35 BIG East
YLP-0081
and
and
200 203 3 1.20 Fi-SW
213 216 3 1.33 Fi-SW
224 234 10 0.98 Fi-SW
YLP-0108
and
67 81 14 1.27 BIG East
90 105 15 1.28 BIG East
Drilling Progress Update
Currently, LIFT has reported results from 82 diamond drill holes (1 4,451 m). T he Company
concluded its initial drill program at the Yellowknife Lithium Project with 198 diamond drill holes
completed (34,238 m).
General Statements
All 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. 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 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-0074 346,281 6,933,311 212 120 45 86 BIG East
YLP-0076 345,892 6,932,836 204 113 45 173 BIG East
YLP-0077 345,939 6,933,226 208 120 47 329 BIG East
YLP-0081 371,564 6,941,035 250 295 68 318 Fi-SW
YLP-0108 345,942 6,932,932 203 120 48 139 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 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 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).
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:
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”, “inten d”, “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
uncertainties that could cause actual results to differ materially from those expressed or implied
by such statements. Additional information about these assumptions and risks and uncertainties