LIFT Intersects 23 m at 1.40% Li2O at its Fi Main pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 23 m at 1.40% Li2O at its Fi Main pegmatite,
Yellowknife Lithium Project, NWT
January 23, 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 Main, 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-0148: 23 m at 1.40% Li2O, (Fi Main)
• YLP-0182: 11 m at 1.38% Li2O, (Nite)
• YLP-0145: 10 m at 1.28% Li2O, (Nite)
and: 3 m at 1.26% Li2O
• YLP-0149: 5 m at 1.04% Li2O, (Nite)
and: 1 m at 1.04% Li2O
and: 10 m at 0.78% Li2O
including: 5 m at 1.15% Li2O
Discussion of Results
This week’s drill results are for eight holes drilled on four separate pegmatite complexes,
including Fi Main (N = 1), Nite (N = 3), BIG West (N = 2), and Ki (N = 2). A table of composite
calculations, general comments related to this discussion, and a tab le 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.
Fi Main Pegmatite
The Fi Main pegmatite comprises a 10-100 m wide corridor of 1-5 dykes that dip between 70°-85°
to the west-northwest and extends for at least 1.5 km on surface.
YLP-0148 tested the Fi Main pegmatite approximately 300 m from its northern mapped extent, 50
m vertically beneath the surface, and 250 m up-dip from YLP-0020 (0.49% Li2O over 5 m). Drilling
at this site intersected a single 31 m wide pegmatite dyke that returned an assay composite of
1.40% Li2O over 23 m (Table 1 and 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press
release.
Figure 3 – Cross-section illustrating YLP-0148 with results as shown in the Fi Main pegmatite dyke with a 23 m interval of 1.40%
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° degrees to the east.
YLP-0145 was designed to test the Nite pegmatite approximately 500 m from its northern
mapped extent, <25 m vertically beneath the surface, and 50 m up -dip from YLP-0149 (see next
paragraph). Drilling intersected three pegmatite dykes from the base of overburden (B-OVB) to 40
m core depth, ranging from 2 -13 m in width for cumulative pegmatite width of 18 m. The widest
dyke returned an assay composite of 1.28% Li2O over 10 m whereas another dyke, intersected
from B-OVB to 4 m depth, returned 1.26% Li2O over 3 m.
YLP-0149 was designed to test the Nite pegmatite on the same section as YLP-0145 but at 50 m
further downdip. Drilling intersected four pegmatite dykes ranging from 1 -11 m in width for
cumulative pegmatite width of 27 m over 43 m of core length. The three widest dykes, from upper-
to lower-most, returned assay composites of 1.04% Li2O over 5 m, 1.04% Li2O over 1 m, and 0.78%
Li2O over 10 m, the latter including 1.15% Li2O over 5 m.
YLP-0182 was designed to test the Nite pegmatite approximately 600 m from its southern
mapped extent, 250 m vertically beneath the surface, and 200 m down -dip of YLP -0142 (1.47%
Li2O over 10 m). Drilling intersected four pegmatite dykes over 39 m core width, ranging from 2 -
14 m in width for cumulative pegmatite width of 31 m. The widest dyke returned an assay
composite of 1.38% Li2O over 11 m whereas the other three dykes averaged 0.1 -0.3% Li2O over
core widths ranging from 2-10 m (Table 1 & 2, Figures 4, 5 & 6).
Figure 4 – Plan view showing the surface expression of the Nite pegmatite with diamond drill hole reported in this press release.
Figure 5 – Cross-section of YLP-0182 which intersected the Nite pegmatite dyke with a 11 m interval of 1.38% Li2O.
Figure 6 – Cross-section of YLP-0145 which intersected the Nite pegmatite dyke with a 10 m interval of 1.28% 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 approximately 50 -100 m apart
in the north half and just under 150 m apart in the southern part. To facilitate description, these
dykes are here referred to as the east bounding (EB) and west bounding (WB) dykes.
YLP-0151 tested the BIG West EB dyke approximately 150 m from its southern mapped extent,
150 m vertically below the surface, and 100 m down -dip of YLP -0146 (0.52% Li2O over 12 m).
Drilling intersected five pegmatite dykes over 83 m of drill core, including a 15 m thick dyke and
four 2-4 m wide dykes for cumulative pegmatite width of 27 m. The 15 m wide dyke returned a
wall-to-wall composite of 0.18% Li2O over 15 m that includes 0.62% Li2O over 1 m. All other dykes
averaged <0.1% Li2O.
YLP-0153 was designed to test the WB dyke approximately 350 m from its southern mapped
extent and <25 m vertically beneath the surface, as well as 50 m up -dip from YLP -0135 (1.04%
Li2O over 12 m) and 100 m up -dip of YLP -0132 (no significant intercept). Drilling intersected a
single 16 m wide pegmatite extending from the base of overburden (B- OVB) to 18 m depth that
returned an assay composite of 0.99% Li2O over 9 m (Table 1 and 2, Figure 7).
Figure 7 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press
release.
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-0155 tested the Ki pegmatite approximately 300 m from its southern mapped extent and 100
m vertically beneath the surface, as well as 50 m down- dip of YLP-0096 (1.38% Li2O over 12 m)
and 100 m downdip of YLP -0069 (0.96% Li 2O over 10 m). Drilling intersected seven pegmatite
dykes over 96 m of core length, with individual dykes spaced ~7 -14 m from adjacent dykes and
ranging from 1 -15 m in width for cumulative pegmatite width of 31 m. All wall -to-wall assay
composites returned ≤0.1% Li2O.
YLP-0161 tested the Ki pegmatite approximately 400 m from its southern mapped extents, 150
m vertically beneath the surface, and 100 m down -dip of YLP -0110 (1.00% Li 2O over 7 m and
1.13% Li2O over 10 m). Drilling intersected three swarms separated by 50-70 m core lengths, with
each swarm comprising 1 -4 m of pegmatite over 1 -20 m. All wall -to-wall assay composites
returned <0.1% Li2O (Table 1 and 2, Figure 8).
Figure 8 – Plan view showing the surface expression of the Ki 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-0145 1 4 3 1.26 Nite
and 20 30 10 1.28 Nite
YLP-0148 72 95 23 1.40 Fi Main
YLP-0149 65 70 5 1.04 Nite
and 80 81 1 1.04 Nite
and 85 95 10 0.78 Nite
inc 89 94 5 1.15 Nite
YLP-0151 178 179 1 0.62 BIG West
YLP-0153 3 12 9 0.99 BIG West
YLP-0155 No significant results Ki
YLP-0161 No significant results Ki
YLP-0182 302 313 11 1.38 Nite
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 156 out of 198 diamond drill holes (27,493
m).