LIFT Intersects 26 m at 1.56% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 26 m at 1.56% Li2O at its BIG East pegmatite,
Yellowknife Lithium Project, NWT
January 3, 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 East, Echo , Shorty, & BIG West pegmatites within the Yellowknife Lithium Project (“YLP”)
located outside the city of Yellowknife, Northwest Territories (Figure 1). Drilling has intersected
significant intervals of spodumene mineralization, with the following highlights:
Highlights:
• YLP-0117: 26 m at 1.56% Li2O, (BIG East)
• YLP-0129: 18 m at 0.95% Li2O, (BIG East)
including: 4 m at 1.29% Li2O
and including: 5 m at 1.13% Li2O
• YLP-0128: 10 m at 1.24% Li2O, (Echo)
and: 12 m at 0.69% Li2O
including: 5 m at 1.20% Li2O
• YLP-0126: 10 m at 1.00% Li2O, (Shorty)
including: 4 m at 1.55% Li2O
Francis MacDonald, CEO of LIFT comments, “ The continuity of high -grade spodumene
mineralization at BIG East is really shaping up. Also, we’ve intersected the BIG East system in
YLP-0129, which looks like a faulted offset of the pegmatite. This opens up additional strike
length to the northeast. Dr illing at Echo intersected two dykes > 10 m width that are shallowly
dipping; we continue to be excited about the near-surface tonnage potential at Echo.”
Discussion of Results
This week’s drill results are for eight holes drilled on four different pegmatite complexes, with
three holes reported from BIG East (YLP -0117, -0127, -0129), two holes each from Shorty (YLP -
0119, -0126) and BIG West (YLP -0131, -0132), and one hole from Ec ho (YLP-0128). 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.
BIG East Pegmatite
The BIG East pegmatite complex comprises a corridor of parallel -trending dykes and dyke
swarms that are generally north-northeast striking and dipping 55°-75° degrees to the west. The
main dyke swarm is exposed for at least 1,300 m of strike length and ranges from 10-100 m wide
whereas a smaller swarm, with ~400 m of along -strike continuity, is stepped out 400 m to the
north-northwest (NNW) to form an en échelon-like array with the main swarm.
YLP-0117 was designed to test the main swarm in the BIG East corridor, approximately 500 m
from its southern mapped extent, and 150 m vertically beneath the surface, as well as 100 m
downdip of previously released YLP -0121 (cumulative 34 m of pegmatite averaging 1.57% Li2O)
and 150 m downdip of YLP -0043 (cumulative 39 m of pegmatite averaging 1.12% Li2O). Drilling
intersected a single, 36 m wide, pegmatite dyke that returned an assay composite of 1.56% Li 2O
over 26 m.
YLP-0127 was drilled on the NNW step-out, approximately 100 m from its northern mapped extent
and 50 m vertically beneath the surface. Drilling intersected an 18 m wide pegmatite dyke flanked
by two 1-2 m wide dykes to the west, with all dykes returning negligible grades.
YLP-0129 was also drilled on this NNW step-out, approximately 50 m south of YLP -0127, 100 m
from its southern mapped extent, and 50 m vertically beneath the surface. Drilling intersected a
single 21 m wide pegmatite dyke that returned an assay composite of 0.95% Li2O over 18 m with
subintervals that include 1.29% Li2O over 4 m and 1.13% Li2O over 5 m (Table 1 and 2, Figures 2,
3 & 4).
Figure 2 – Plan view showing the surface expression of the BIG East pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0117 with results as shown in the BIG East pegmatite dyke with a 26 m interval of 1.56%
Li2O.
Figure 4 – Cross-section illustrating YLP-0129 with results as shown in the BIG East pegmatite dyke with an 18 m interval of 0.95%
Li2O.
Echo Pegmatite
The Echo pegmatite complex comprises a north -northwest trending corridor, at least 1,000 m in
length and 450 m in width, with numerous trend-parallel and oblique (mostly northwest-trending)
dykes. Individual dykes range from gently to steeply east dipping and are up to 25 m wide. The
hole described below was collared into a part of the complex comprising three parallel, oblique -
striking, and gently dipping pegmatite intervals (upper, mid, lower) that all merge, to the southeast,
into a wider, more northwesterly-striking, and more steeply dipping dyke.
YLP-0128 tested the middle and lower dykes approximately 150 m from their northern mapped
extent as well as, respectively, <25 m and 50 m vertically beneath the surface. Drilling intersected
a 10 m wide middle dyke that returned an assay composite of 1.24% Li2O over 10 m as well as a
12 m wide lower dyke that assayed 0.69% Li2O over 12 m with a subinterval of 1.20% Li2O over 5
m (Table 1 & 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press release.
Figure 6 – Cross-section of YLP-0128 which intersected the Echo pegmatite dyke with a 10 m interval of 1.24% Li2O.
Shorty Pegmatite
The Shorty pegmatite is one of several dykes occurring within a north -of-northeast striking
corridor. Drill intercepts of Shorty show that it in some places it 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-0119 was designed to test the Shorty pegmatite approximately 300 m from its northern
mapped extent and 200 m vertically beneath the surface, as well as 50 m downdip of YLP -0040
(1.26% Li2O over 8 m) and 150 m downdip of YLP-0048 (cumulative 22 m of pegmatite averaging
1.27% Li2O). Drilling intersected a single 22 m wide pegmatite dyke that returned negligible
assays.
YLP-0126 was designed to test the Shorty pegmatite just 100 m from its southern mapped extent
and 25 m vertically below the surface. Drilling intersected a 12 m wide pegmatite flanked by
several 4 m wide dykes on either side, for cumulative pegmatite width of 28 m over 77 m of drill
core. Assays from the thickest dyke returned a composite of 1.00% Li 2O over 10 m, including
1.55% Li2O over 4 m, whereas the flanking dykes returned negligible grade (Table 1 and 2, Figures
7 & 8).
Figure 7 – Plan view showing the surface expression of the Shorty pegmatite with diamond drill holes reported in this press release.
Figure 8 –Cross-section of YLP-0126 which intersected the Shorty pegmatite dyke with a 10 m interval of 1.00% Li2O.
BIG West Pegmatite
This news release provides results for the first two holes drilled on the BIG West pegmatite
complex, which comprises a northeast-trending corridor of parallel-trending dykes. This corridor
is exposed for at least 1,500 m along strike and ranges from 70-150 m in width.
YLP-0131 tested the BIG West pegmatite approximately 150 m from its southern mapped extent
and 150 m vertically below the surface. Drilling intersected a single 7 m wide pegmatite dyke that
returned 0.50% Li2O over 7 m, including 1.26% Li2O over 2 m.
YLP-0132 was collared 200 m due north of YLP -0131 to test the BIG West pegmatite
approximately 350 m from its southern mapped extent and 150 -200 m vertically beneath the
surface. Drilling intersected 2 m and 15 m wide pegmatite dykes between 208-232 m core depth,
with both dykes returning negligible grades (Table 1 and 2, Figure 9).
Figure 9 – Plan view showing the surface expression of the BIG West 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-0117 164 190 26 1.56 BIG East
YLP-0119 No significant results Shorty
YLP-0126
inc
29 39 10 1.00 Shorty
31 35 4 1.55 Shorty
YLP-0127 No significant results BIG East
YLP-0128
and
inc
15 25 10 1.24 Echo
52 64 12 0.69 Echo
53 58 5 1.20 Echo
YLP-0129
inc
and inc
59 77 18 0.95 BIG East
59 63 4 1.29 BIG East
66 71 5 1.13 BIG East
YLP-0131
inc
186 193 7 0.50 BIG West
188 190 2 1.26 BIG West
YLP0132 No significant results BIG West