LIFT Intersects 23 m at 1.50% Li2O at its Fi Southwest pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 23 m at 1.50% Li2O at its Fi Southwest pegmatite,
Yellowknife Lithium Project, NWT
January 9, 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, Shorty, Fi Main & Fi Southwest 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-0125: 23 m at 1.50% Li2O, (Fi SW)
• YLP-0138: 12 m at 1.51% Li2O, (Nite)
• YLP-0135: 12 m at 1.04% Li2O, (BIG-West)
including: 4 m at 1.62% Li2O
• YLP-0134: 9 m at 1.07% Li2O, (BIG-West)
including: 5 m at 1.65% Li2O
Francis MacDonald, CEO of LIFT comments, “This week we are releasing results for the first holes
from the Nite pegmatite. The first interval of 12 m at 1.51% Li 2O is of similar grade and width to
the surface expression of the dyke. Fi Southwest also produced an excellent intersect this week
which is located 200 m below surface. We continue to encounter high grades at these depths.”
Discussion of Results
This week’s drill results are for eight holes drilled on five different pegmatite complexes, including
the first hole from the Nite pegmatite (YLP -0138) as well as two holes from Fi Southwest (YLP -
0125, 0130), three from BIG West (YLP-0134, 0135, 0139), and one each from Fi Main (YLP-0136)
and Shorty (YLP -0133). 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.
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 Southwest Pegmatite
The Fi Southwest (SW) pegmatite is one of several dykes occurring within a north -of-northeast
striking dyke corridor. Drilling at Fi SW shows that mineralization occurs as a single 20-40 m wide
dyke, to 2-3 dykes of similar cumulative width within a 50 -70 m wide corridor. The Fi SW dykes
are visible for at least 1,100 m on surface and dip 60°-80° to the east-southeast.
YLP-0125 tested the Fi SW pegmatite approximately 150 m from its northern mapped extent, 200
m vertically below the surface, and at 75 m and 150 m downdip, respectively, of previously
released YLP -0031 (1.46% Li2O over 22 m) and YLP -0047 (1.15% Li 2O over 12 m). Drilling
intersected a 28 m pegmatite dyke that returned an assay composite of 1.50% Li2O over 23 m as
well as six dykes between 1-7 m in core width that all returned negligible grade.
YLP-0130 was collared 100 m south of YLP-0125 to test the Fi SW pegmatite approximately 250
m from its northern mapped extent and 200 m vertically below the surface, as well as 50 m and
150 m downdip, respectively, of previously released YLP- 0102 (1.14% Li2O over 26 m) and YLP -
0042 (0.98% Li 2O over 22 m). Drilling intersected a 34 m wide pegmatite dyke that returned an
assay composite of 0.52% Li2O over 18 m that includes 1.25% Li2O over 4 m (Table 1 and 2,
Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Fi-SW pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0125 with results as shown in the Fi-SW pegmatite dyke with a 23 m interval of 1.50% Li2O.
Nite Pegmatite
The Nite pegmatite complex comprises a north -northeast trending corridor of parallel -trending
dykes that is exposed for at least 1,300 m of strike length, ranges from 10 -200 m wide, and dips
approximately 50°-70° degrees to the east.
YLP-0138 was designed to test the Nite pegmatite approximately 650 m from its northern and
southern ends, as well as 50 m vertically beneath the surface. Drilling intersected four pegmatite
dykes over 51 m of core length, comprising a 14 m wide dyke as well as three 1 -3 m wide dykes
for cumulative pegmatite width of 20 m. The wider dyke returned an assay composite of 1.51%
Li2O over 12 m whereas the thinner dykes returned negligible grade (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-0138 which intersected the Nite pegmatite dyke with a 12 m interval of 1.51% Li2O.
Shorty Pegmatite
The Shorty pegmatite is one of several dykes occurring within a north--northeast striking corridor.
Drill intercepts at Shorty show that it in some places, the mineralized interval is formed by a single
10-25 m wide dyke whereas elsewhere it comprises 2 -4 dykes with a similar cumulative width
spread over 40 -95 m of core length. The pegmatite is visible for at least 700 m on surface and
dips 50°-70° to the west-northwest.
YLP-0133 was designed to test the Shorty pegmatite approximately 150 m from its southern
mapped extent, 200 m vertically beneath the surface, and 50 m downdip of previously released
YLP-0070 (no significant results). Drilling failed to intersect the downdi p extension of YLP -0070
but did cut a 7 m wide pegmatite dyke near the surface that returned an assay composite of 0.69%
Li2O over 5 m (Table 1 and 2, Figures 6).
Figure 6 – Plan view showing the surface expression of the Shorty pegmatite with diamond drill holes reported in this press release.
BIG West Pegmatite
The BIG West pegmatite complex comprises a northeast -trending corridor of parallel dykes that
is exposed for at least 1,500 m along strike, ranges from 50 -150 m in width, and is steeply west -
dipping to subvertical. All three holes reported below were drilled near the southern mapped
extent of the complex.
YLP-0134 tested the BIG West pegmatite approximately 150 m from its southern mapped extent,
50 m vertically below the surface, and 50 m up -dip of previously released YLP -0131 (0.50% Li2O
over 7 m). Drilling intersected a single 9 m wide pegmatite dyke that returned 1.07% Li2O over the
full 9 m, including 1.65% Li2O over 5 m.
YLP-0135 was collared 200 m north of YLP -0134 to test the BIG West pegmatite approximately
350 m from its southern mapped extent, to 50 m vertically beneath the surface, and 125 m up-dip
of previously released YLP -0132 (no significant results). Drilling intersected a single 18 m wide
pegmatite dyke that returned an assay composite of 1.04% Li 2O over 12 m, including 1.62% Li2O
over 4 m.
YLP-0139 was collared 50 m south of YLP -0134 to test the BIG West pegmatite approximately
100 m from its southern end and 50 m vertically beneath the surface. Drilling intersected a
cumulative 8 m of pegmatite interleaved with country rocks over 15 m of core length that returned
an assay composite of 0.57% Li2O over 8 m, including 1.02% Li2O over 4 m (Table 1 and 2, Figures
7 & 8).
Figure 7 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press
release.
Figure 8 – Cross-section of YLP-0135 which intersected the BIG West pegmatite dyke with a 12 m interval of 1.04% Li2O.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP-0125 226 249 23 1.50 Fi SW
YLP-0130 263 281 18 0.52 Fi SW
inc 276 280 4 1.25 Fi SW
YLP-0133 7 12 5 0.69 Shorty
YLP-0134 62 71 9 1.07 BIG West
inc 64 69 5 1.65 BIG West
YLP-0135 70 82 12 1.04 BIG West
inc 72 76 4 1.62 BIG West
YLP-0136 40 45 5 0.63 Fi Main
and 100 105 5 0.57 Fi Main
inc 101 103 2 1.30 Fi Main
and 198 203 5 0.57 Fi Main
YLP-0138 74 86 12 1.51 Nite
YLP-0139 49 57 8 0.57 BIG West
inc 53 57 4 1.02 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 140 out of 198 diamond drill holes (24,674
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 Easting Northing Elevation (m) Azimuth (°) Dip (°) Depth (m) Dyke
YLP-0125 371,555 6,940,939 252 298 60 300 Fi SW
YLP-0130 371,497 6,940,856 248 298 65 303 Fi SW
YLP-0133 372,517 6,937,955 253 123 64 312 Shorty
YLP-0134 653,625 6,932,906 209 118 45 95 BIG West
YLP-0135 653,668 6,933,104 207 118 45 102 BIG West