LIFT intersects 24 m at 1.33% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 24 m at 1.33% Li2O at its Echo pegmatite,
Yellowknife Lithium Project, NWT
April 16, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX:
LIFFF) (Frankfurt: WS0) is pleased to report assays from 17 drill holes completed at the Echo, 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-0259: 43 m at 0.85% Li2O, (Echo)
including: 24 m at 1.33% Li2O
• YLP-0212: 16 m at 1.29% Li2O, (Echo)
and: 5 m at 1.36% Li2O
and: 5 m at 1.19% Li2O
and: 1 m at 0.68% Li2O
• YLP-0237: 16 m at 1.31% Li2O, (Fi Main)
• YLP-0234: 13 m at 1.32% Li2O, (Echo)
• YLP-0228: 10 m at 1.36% Li2O, (Echo)
• YLP-0235: 10 m at 1.25% Li2O, (Echo)
• YLP-0229: 9 m at 1.28% Li2O, (Fi Main)
and: 12 m at 0.54% Li2O
Discussion of Results
This news release provides results for 17 drill holes (3,729 m) from LIFT’s ongoing 2024 winter
drilling program. Seven holes are reported from the Echo pegmatite complex, eight holes from Fi
Main, and two from Fi Southwest (Fi-SW). 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.
Dave Smithson , SVP, Geology of LIFT comments , “The Echo Pegmatite System continues to
deliver impressive grades and widths close to surface this week. Hole 259 is particularly
significant as it extends spodumene mineralization another 100 m down-dip from 10 m of 1.29%
Li2O and 16 m of 1.26% Li2O drilled in hole 216, last summer. Here, the dykes merge into a single
43 m-wide dyke averaging 0.85% Li2O (Inc. 24 m of 1.33% Li2O), only 75 m from the surface. This
new information confirms for the first time the low -angle nature of mineralization, emphasising
the potential for Echo to deliver accessible tonnes and grades close to surface. We are very
excited to see what happens next as we mobilise our drill rigs to test outward and downward from
these first outstanding results.”
Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far mainly 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, and advancing to
the Echo target, the first drilling in the Further Afield Group.
Echo Pegmatite System
The Echo pegmatite complex comprises a fanning splay of moderate to gently dipping dykes for
0.5 km to the northwest (“Echo splay”) . In addition, the Echo Splay is connected to a steeply
dipping, northwest-trending, feeder dyke (“Echo feeder”). The dyke complex has a total strike
length of over 1.0 km. The feeder dyke is 10 -15 m wide whereas the gently dipping dykes in the
splay are thicker, ranging from 10-25 m.
Three (YLP-0259, 0212, 0220) holes were drilled on the Echo splay. YLP-0259 tested between the
northeastern part of the splay approximately 150-200 m from where it merges, between 35-75 m
below the surface, and stepped back 100 m and 150 m, respectively, from previous ly released
drill holes YLP-0216 (1.35% Li2O over 36 m from 3 intervals in 78 m) and YLP -0128 (0.94% Li2O
over 22 m from 2 intervals in 51 m). New drilling intersected a 43 m wide pegmatite that returned
a wall-to-wall grade of 0.85% Li2O that includes 24 m of 1.33% Li2O. There is no drilling along strike
to the northwest of this intersection (Table 1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0259 with results as shown in the Echo pegmatite dyke with a 24 m interval of 1.33% Li2O.
YLP-0212 was drilled to test the Echo splay approximately 250 -300 m from its merge zone with
the feeder, <25 m to 100 m below the surface, and stepped back of 50 m from previously released
YLP-0205 (1.03% Li2O over 23 m from 3 intervals in 56 m). Drilling cut a 141 m interval with 45 m
of pegmatite spread over seven dykes ranging between 1-21 m in width. Four of the thicker (6-21
m) dykes returned spodumene-bearing intercepts that form a combined composite of 1.26% Li2O
over 27 m (Table 1 & 2, Figures 2 & 4).
Figure 4 – Cross-section illustrating YLP-0212 with results as shown in the Echo pegmatite dyke with a 16 m interval of 1.29% Li2O.
Four of the seven holes reported here were drilled on the Echo feeder, with YLP-0228 designed to
test the Echo feeder dyke approximately 50 m southeast of where it merges with the splay, 25-50
m below the surface, as well as along strike and 50 m southeast of previously released YLP-0226
(1.45% Li 2O over 13 m). New drilling intersected a 14 m wide feeder dyke that returned a
composite of 1.36% Li2O over 10 m (Table 1 & 2, Figures 2 & 5).
Figure 5 – Cross-section illustrating YLP-0228 with results as shown in the Echo pegmatite dyke with a 10 m interval of 1.36% Li2O.
YLP-0234 was drilled along strike and 50 m southeast of holes YLP-0228/0230 to test the feeder
at 25-50 m below the surface. New drilling intersected a 14 m wide pegmatite that returned a
composite of 1.32% Li2O over 13 m (Table 1 & 2, Figures 2 & 6).
Figure 6 – Cross-section illustrating YLP-0234 with results as shown in the Echo pegmatite dyke with a 13 m interval of 1.32% Li2O.
YLP-0235 tested the Echo feeder dyke another 50 m along strike and southeast of YLP-0234 with
new drilling intersecting a 10 m wide pegmatite dyke that returned a wall -to-wall composite of
1.25% Li2O (Table 1 & 2, Figures 2 & 7).
Figure 7 – Cross-section illustrating YLP-0235 with results as shown in the Echo pegmatite dyke with a 10 m interval of 1.25% Li2O.
YLP-0220 was collared in the area where the splay merges with the feeder dyke and stepped
forward 100 m from previous released YLP-0099 (0.62% Li2O over 11 m). New drilling intersected
a 124 m interval with 20 m of pegmatite spread over eight dykes between 1- 9 m in depth. The
thickest dyke (9 m) occurs just below overburden and returned a wall-to-wall composite of 0.96%
Li2O with 5 m of 1.52% Li2O (Table 1 & 2, Figure 2).
YLP-0230 was drilled on the same section as YLP-0228 to test the Echo feeder at 75-100 m below
the surface and 50 m downdip of YLP -0228 (see above). Drilling intersected mostly mafic dyke
where the feeder dyke was expected in addition to a new pegmatite further down the hole, for 17
m of pegmatite within a 35 m interval. Assays returned no significant grades (Table 1 & 2, Figure
2).
Fi Main Pegmatite
The Fi Main pegmatite complex crops out over at least 1.5 km of strike length within a north-south
striking corridor that dips between 70°-85° to the west. The central 800-900 m of the complex can
be split into a northern part where most pegmatite occurs in a single 25- 30 m thick dyke and a
southern part where this dyke splits into upper and lower pegmatites that then remerge 450 m
further south. The width of the Fi Main corridor ranges from 25 -75 m where it is dominated by a
single dyke and between 75-150 m where it is split into two.
Two (YLP-0237, 0214) holes were drilled where the Fi Main dyke is split into an upper and lower
zone, with YLP-0237 drilled to test the upper and lower pegmatites at 25 m and 100 m below the
surface, respectively. This hole was collared along strike and 50 m south of previously released
YLP-0013 (0.65% Li2O over 14 m) and 50 m north of YLP -0018 (0.81% Li2O over 19 m from two
intervals, 59 m apart). New drilling intersected 13 pegmatite dykes over 199 m of drill core, with
dykes ranging from 1 -17 m in width and spaced between 5- 20 m apart. The thickest of these
correlates with the upper zone and returned a composite of 1.31% Li 2O over 16 m (Table 1 & 2,
Figures 8 & 9).
Figure 8 – Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press
release.
Figure 9 – Cross-section illustrating YLP-0237 with results as shown in the Fi Main pegmatite dyke with a 16 m interval of 1.31%
Li2O.
YLP-0229 was drilled on a section located 50 m south of the section with YLP- 0224. Drilling
intersected a 109 m wide corridor with 46 m of pegmatite spread over seven dykes between 2-17
m in width. The two thickest dykes (9 m and 17 m) likely represent the remerging upper and lower
pegmatites and returned a combined composite of 0.86% Li 2O over 21 m. Mineralization in this
area is open at depth and to the south (Table 1 & 2, Figures 8 & 10).
Figure 10 – Cross-section illustrating YLP-0229 with results as shown in the Fi Main pegmatite dyke with a 9 m interval of 1.28%
Li2O.