LIFT Intersects 23 m at 1.25% Li2O at its Ki pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 23 m at 1.25% Li2O at its Ki pegmatite, Yellowknife
Lithium Project, NWT
January 30, 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
BIG West, Nite & Ki 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-0165: 23 m at 1.25% Li2O, (Ki)
• YLP-0150: 13 m at 1.27% Li2O, (BIG West)
• YLP-0166: 9.5 m at 1.36% Li2O, (BIG West)
• YLP-0157: 9 m at 1.10% Li2O, (Nite)
and: 1 m at 1.13% Li2O
and: 2 m at 0.85% Li2O
• YLP-0158: 9 m at 1.02% Li2O, (BIG West)
and: 7 m at 1.09% Li2O
Discussion of Results
This week’s drill results are for eight holes drilled on three separate pegmatite complexes,
including BIG West, Nite and Ki. 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.
Francis MacDonald, CEO of LIFT comments, “This week we have released an excellent result from
the Ki pegmatite. Hole YLP-0165 is one of the better holes to date in terms of grade x thickness.
The Ki pegmatite will be one of the focuses for the winter drill program and we plan to
systematically step out from current drilling along untested spodumene-bearing outcrops to the
northwest of drilling completed to date.”
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 occurring within a north -of-northwest
trending corridor. Drill intercepts typically comprise a thick “main” dyke flanked by one or more
narrower (1-5 m wide) dykes although, in places, it is formed by 2 -6 dykes of similar cumulative
thickness spread over up to 80 m of core length. The Ki dyke is visible for at least 1.0 km on
surface and dips between 65°-80° to the southwest.
YLP-0165 tested the Ki pegmatite approximately 200 m from its southern mapped extent and 50
m vertically beneath the surface, as well as 50 m down -dip of YLP-0118 (0.96% Li2O over 1 m).
Drilling intersected a 23 m wide pegmatite dyke that returned 1.25% Li2O over 23 m (Table 1 & 2,
Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Ki pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0165 with results as shown in the Ki pegmatite dyke with a 23 m interval of 1.25% 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 dykes that are 50-100 m apart in the northern
half of the corridor and 150 m apart in the south. To facilitate description, these dykes are here
referred to as the east bounding (EB) and west bounding (WB) dykes. The holes described below
are ordered from southern- to northern-most.
YLP-0163 was drilled ~200 m from the southern mapped extent of the WB dyke and designed to
test a pierce point approximately 50 m vertically below the surface. Drilling intersected a single 9
m wide pegmatite dyke that returned 0.99% Li2O over 9 m.
YLP-0158 was collared 50 m north of YLP -0163 to test the WB dyke ~250 m from its southern
mapped extent and 50 m beneath the surface. Drilling intersected 16 m of pegmatite that is more-
or-less split in half by a 5 m thick panel of country rock. The upper interval returned an assay
composite of 1.09% Li2O over 7 m whereas the lower one ran 1.02% Li2O over 9 m.
YLP-0166 was drilled on the same section as YLP -0158 but aimed to intersect the WB dyke at a
shallower depth. Drilling intersected a single pegmatite dyke, extending from the base of
overburden to 13 m depth, that returned an assay composite of 1.36% Li2O over 9.5 m.
YLP-0150 was collared 50 m north of YLP -0158/0166 to test the WB dyke approximately 300 m
from its southern mapped extent and 50 m vertically below the surface. Drilling intersected a
single 14 m pegmatite dyke that returned an assay composite of 1.27% Li2O over 13 m.
YLP-0160 was collared 150 m north of YLP-0150 to test the WB dyke approximately 450 m from
its southern mapped extent and, again, 50 m vertically beneath the surface. Drilling intersected
five pegmatite dykes over a 70 m interval of drill core that each range between 1-6 m in width and
sum to 16 m. No significant assays were returned.
YLP-0159 was drilled 600 -850 m north of the five holes described above, approximately 300 m
from the northern mapped extent of the WB dyke and 50 m below the surface. Drilling intersected
four dykes over a 35 m interval of drill core that each range betwee n 1-7 m in width and sum to
14 m of pegmatite. The only notable assays were returned for the second dyke, which ran 0.73%
Li2O over 5 m including one meter at 1.48% Li2O (Table 1 & 2, Figures 4, 5 & 6).
Figure 4 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press
release.
Figure 5 – Cross-section of YLP-0150 which intersected the BIG West pegmatite dyke with a 13 m interval of 1.27% Li2O.
Figure 6 – Cross-section of YLP-0166 which intersected the BIG West pegmatite dyke with a 9.5 m interval of 1.36% 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, ranges from 10 -200 m wide, and dips
approximately 50°-70° to the east.
YLP-0157 was designed to test the Nite pegmatite approximately 500 m from its northern
mapped extent and 100 m vertically beneath the surface, as well as 50 m downdip of YLP -0149
(1.04% Li2O over 5 m and 0.78% Li2O over 10 m) and 100 m downdip of YLP -0145 (1.28% Li2O
over 10 m). Drilling intersected three dykes over a 35 m interval of core, with dykes ranging from
4-9 m in width and summing to 17 m of pegmatite. Assay composites, from upper- to lower-most,
include 1.13% Li2O over 1 m, 1.10% Li2O over 9 m and 0.85% Li2O over 2 m (Table 1 & 2, Figure 7).
Figure 7 – Plan view showing the surface expression of the Nite 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-0150 64 77 13 1.27 BIG West
YLP-0157 172 173 1 1.13 Nite
and 183 192 9 1.10 Nite
and 203 205 2 0.85 Nite
YLP-0158 59 66 7 1.09 BIG West
and 71 80 9 1.02 BIG West
YLP-0159 85 90 5 0.73 BIG West
inc 87 88 1 1.48 BIG West
YLP-0160 No significant results BIG West
YLP-0163 69 78 9 0.99 BIG West
YLP-0165 61 84 23 1.25 Ki
YLP-0166 2 11 9.5 1.36 BIG West
Drilling Progress Update
The Company has concluded its 2023 drill program at the Yellowknife Lithium Project with 34,238
m completed. Currently, LIFT has reported results from 164 out of 198 diamond drill holes (28,903
m).
General Statements
All eight 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.
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-0150 Zone 11 653,658 6,933,054 207 118 45 92 BIG West
YLP-0157 Zone 11 647,675 6,936,437 206 300 52 222 Nite
YLP-0158 Zone 11 653,651 6,933,003 205 118 50 101 BIG West
YLP-0159 Zone 11 654,122 6,933,659 204 115 45 111 BIG West
YLP-0160 Zone 11 653,723 6,933,189 214 118 45 122 BIG West
YLP-0163 Zone 11 653,636 6,932,950 209 118 45 95 BIG West
YLP-0165 Zone 12 373,258 6,942,597 259 30 56 97 Ki
YLP-0166 Zone 11 653,698 6,932,986 206 118 45 32 BIG West
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