LIFT intersects 25 m at 1.21% Li2O at its Shorty pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 25 m at 1.21% Li2O at its Shorty pegmatite,
Yellowknife Lithium Project, NWT
June 11, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“ LIFT” or the “ Company”) ( TSXV: LIFT )
(OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 13 drill holes completed at the
Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West pegmatites within the Yellowknife Lithium
Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1). These drill
results are the final batch of results from the winter 2024 drill program. Drilling intersected
significant intervals of spodumene mineralization, with the following highlights:
Highlights:
• YLP-0284: 25 m at 1.21% Li2O, (Shorty)
and: 18 m at 1.41% Li2O
and: 10 m at 1.00% Li2O
and: 5 m at 1.76% Li2O
• YLP-0272: 13 m at 1.05% Li2O, (Ki)
including: 8 m at 1.43% Li2O
Discussion of Results
This news release provides results for 12 drill holes from LIFT’s 2024 winter drilling program and
one hole from the 2023 summer drilling. Holes are reported from seven different pegmatite
complexes that include Shorty, Ki, Echo, BIG East, Fi SW, Nite, and BIG West. A table of composite
calculations, general comments related to this discussion, and a table of collar hea ders are
provided towards the end of this section.
Francis MacDonald, CEO of LIFT comments, “With this being the last drill results press release
for a while, I would like to commend the team for operating a successful winter drill program. LIFT
has drilled approximately 50,000 meters in the last 12 months and has shown the scale of the
Yellowknife Lithium Project. We look forward to reporting a maiden resource estimate in the next
months and also metallurgical test work.”
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.
Shorty Pegmatite
The Shorty pegmatite is formed by several sub -parallel dykes that, together, define a pegmatite-
bearing corridor that is at least 1.4 km long, up to 100 m wide, north -northeast striking, and dips
50°-70° to the west. The corridor itself consists of both country rock and pegmatite , with
pegmatite occurring in either a single 10-40 m wide dyke or as 2-4 dykes with a similar cumulative
width spread over 50-100 m.
YLP-0284 was collared within a few meters of the lease boundary to test one of the thicker dykes
within the Shorty corridor on a center approximately 75 m below the surface and 25 m downdip
of previously released YLP -0283 (1.32% Li 2O over 35 m). New drilling intersected 47 m of
pegmatite split by 7 m of country rock as well as a 10 m wide dyke ~30 m further down the hole.
The thick pegmatite interval returned composites of 1.41% Li 2O over 18 m and 1.21% Li 2O over
25 m whereas the lower one returned a wall-to-wall composite of 1.00% Li2O that includes 5 m of
1.76% Li2O. These intersections indicate that spodumene mineralization widens in the down- dip
direction from YLP -0283 to 0284 and is open below that as well as along strike to the north-
northeast (Table 1 & 2, Figures 2 & 3).
Figure 2 – Plan view showing the surface expression of the Shorty pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0284 with results as shown in the Shorty pegmatite dyke with a 25 m interval of 1.21% Li2O.
Ki Pegmatite
The Ki pegmatite complex comprises a north -northwest trending corridor of dykes that extends
for at least 1.3 km on surface and dips steeply to the southwest. The southern part of the corridor
consists mostly of one large dyke and several narrower flanking dykes that sum to a constant
pegmatite width of around 25 m. The northern part consists of two relatively thick dykes that are
between 50-150 m apart, with the western dyke comprising the northern extension of the Ki dyke
and the more eastern dyke referred to as Perlis.
YLP-0272 was drilled to test the western part of the Ki corridor at approximately 50 m below the
surface and 75-100 m up-dip of previously released YLP -0278 (0.51% Li2O over 5 m), as well as
50 m south and along strike of previously released YLP-0274 (1.16% Li2O over 11 m). New drilling
intersected the Ki dyke (13 m wide) and several subsidiary dykes that are 1 -3 m wide, with the Ki
dyke returning a wall-to-wall composite of 1.05% Li 2O that includes 8 m of 1.43% Li 2O. Together
with YLP-0274, this result defines a new spodumene deposit in the western part of the Ki corridor
that is open at depth and along strike to the north-northwest (Table 1 & 2, Figures 4 & 5).
Figure 4 – Plan view showing the surface expression of the Ki pegmatite with diamond drill holes reported in this press release.
Figure 5 – Cross-section illustrating YLP-0272 with results as shown in the Ki pegmatite dyke with a 13 m interval of 1.05% Li2O.
YLP-0269 was drilled on a section 50 m south of the section with YLP-0272/0278, to test the Ki
corridor from 10 -150 m vertically beneath the surface. Over 185 m of core length, drilling
intersected the Ki dyke (15 m wide) as well as 10 other dykes between 1-6 m wide and separated
from each other by 3 -67 m of country rock. The Ki dyke returned composites of 0.55% Li 2O over
2 m and 0.50% Li2O over 3 m whereas the other 10 dykes all returned assays <0.1% Li2O (Table 1
& 2, Figure 4).
YLP-0265 was drilled on a section 50 m south of YLP-0269 to test the Ki corridor at 50-75 m below
the surface as well as 50 m downdip of previously released YLP -0261 (0.56% Li2O over 3 m) and
50-75 m up-dip of YLP-0276. New drilling intersected an 80 m wide corridor with seven pegmatite
dykes between 1-12 m in width in addition to a 6 m wide dyke a further 82 m down the hole that
is likely the Perlis dyke. Two of the wider dykes within the corridor returned composites of 0.45%
Li2O over 2 m and 0.45% Li2O over 4 m whereas all other dykes, including Perlis, returned assays
<0.2% Li2O (Table 1 & 2, Figure 4).
YLP-0276 stepped back 125 m from YLP -0265 to test the Ki corridor on the same section down
to 250 m below the surface. Drilling intersected five pegmatite corridors that are each separated
by 40-60 m of country rock, with each interval hosting 2-17 m of pegmatite spread over 1-3 dykes
and 2-20 m of drill core. The two intervals with the thickest pegmatite likely correspond to the Ki
and Perlis dykes and returned, respectively, composites of 0.56% Li 2O over 8 m (including 1.17%
Li2O over 3 m) and 0.46% Li2O over 2 m (Table 1 & 2, Figure 4).
Echo Pegmatite
The Echo pegmatite complex comprises a steeply dipping, northwest-trending, feeder dyke (“Echo
feeder”) that splits into a fanning splay of moderate to gently dipping dykes for 0.5 km to the
northwest (“Echo splay”). The dyke complex has a total strike len gth of over 1.0 km. The feeder
dyke is 5-15 m wide whereas the gently dipping dykes in the splay are locally up to 25 m thick.
Two of the three holes reported here were drilled on the splay and one was drilled in the zone
where the splay merges with the feeder.
YLP-0277 was drilled on a section located 400 m from where the Echo splay merges with the
feeder, testing the splay down to 150 m below the surface and in between previously released
YLP-0281 (1.09% Li 2O over 33 m from three intervals spaced a total of 163 m apart) and YLP -
0279 (no significant results). New drilling intersected a 32 m wide pegmatite dyke that is centered
at 75 m below the surface in addition to several thinner dykes. The thick dyke returned a
composite of 0.48% Li 2O over 26 m that includes three higher-grade subintervals averaging 0.9 -
1.2% Li2O over 2-5 m (Table 1 & 2, Figures 6 & 7).
Figure 6 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press release.
Figure 7 – Cross-section illustrating YLP-0277 with results as shown in the Echo pegmatite dyke with a 26 m interval of 0.48% Li2O.
YLP-0270 was drilled to test the Echo splay approximately 200 m from where it merges with the
feeder, down to 225 m vertically beneath the surface, and between previously released YLP-0120
(0.60% Li2O over 24 m) to the southwest and YLP-0273 (no significant results), which was drilled
from the same location as YLP -0270 but at a steeper inclination. New drilling intersected three
intervals of pegmatite each separated by ~75 m country rock, with each in terval comprising one
to three dykes with a cumulative wi dth of 2- 14 m. All assays returned <0.1% Li 2O (Table 1 & 2,
Figure 6).
YLP-0266 was drilled within the area where the Echo splay merges with the feeder, as well as on
section with and stepped back 80 m from previously released YLP-0099 (0.62% Li2O over 11 m).
New drilling intersected three dykes within 100 m of the surface, all of which are just 2- 3 m wide
and returned negligible grades (Table 1 & 2, Figure 6).
Nite Pegmatite
The Nite pegmatite complex is exposed along 1.4 km of strike length as a swarm of parallel -
trending dykes that occur within a north- northeast striking corridor dipping ~50° -70° degrees to
the east. The northern part of this complex consists of a 5-15 m thick dyke flanked by one or more
1-5 m dykes whereas the southern part comprises a fanning splay of 5-10 thin dykes within a 200
m wide corridor.
YLP-0286 was the last hole drilled as part of the 2024 winter program, is the most southerly hole
drilled on the Nite complex and is the hole nearest the structural transition from the narrower
northern part to the wider southern part. This hole was designed to test the Nite corridor at 50-75
m below the surface as well as 50 m southwest and along strike of previously released YLP-0142
(1.47% Li2O over 10 m). New drilling intersected a 63 m wide corridor with 30 m of pegmatite
spread over six dykes between 1 -17 m in width. The thickest two dykes returned wall -to-wall
composites of 0.53% Li2O over 17 m (including 4 m of 1.56% Li2O) and 0.91% Li2O over 6 m. This
result indicates that the Nite complex is open at depth and along strike to the south- southwest
(Table 1 & 2, Figures 8 & 9).
Figure 8 – Plan view showing the surface expression of the Nite pegmatite with diamond drill holes reported in this press release.