LIFT Intersects 27 m at 1.26% Li2O and 22 m at 1.53% Li2O at its Fi Main pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 27 m at 1.26% Li2O and 22 m at 1.53% Li2O at its
Fi Main pegmatite, Yellowknife Lithium Project, NWT
January 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 8 drill holes completed at the
BIG West, Nite, & Fi Mai n 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-0141: 27 m at 1.26% Li2O, (Fi Main)
• YLP-0147: 22 m at 1.53% Li2O, (Fi Main)
• YLP-0142: 10 m at 1.47% Li2O, (Nite)
• YLP-0140: 5 m at 1.14% Li2O, (BIG-West)
David Smithson, SVP, Geology of LIFT comments, “ The impressive near -surface high grade
intercepts at Fi-Main confirm for the first time that grades and widths are improving to the North
on the Fi -Main structure – We are very excited to get the drills back to this structure in the
upcoming 2024 winter drill program to confirm how far, and to what depths these grades extend.
The first holes into the southwest end of Nite have been equally impressive and are also very
important as they show us that the grades and widths are also improving on the Nite structure as
we move to the south – last summer we identifi ed numerous dykes trending outward in this
direction and so we are very excited to test these new zones for more grade and even better
widths in 2024.”
Discussion of Results
This week’s drill results are for eight holes drilled on three different pegmatite complexes,
including Fi Main (YLP-0141, 0147), Nite (YLP-0142), and BIG West (YLP-0140, 0143, 0144, 0146,
0156). 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 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 1,500 m on surface.
YLP-0141 tested the Fi Main pegmatite approximately 400 m from its northern mapped extent
and 50 m vertically beneath the surface. Drilling at this site intersected a single 30 m wide
pegmatite dyke that returned an assay composite of 1.26% Li2O over 27 m.
YLP-0147 was collared 200 m north of YLP-0141 to test the Fi Main pegmatite approximately 200
m from its mapped northern extent and 50 m vertically beneath the surface. Drilling intersected
five pegmatite dykes over 83 m of core length, including a 28 m wide dyke and four 1 -3 m wide
dykes for a cumulative pegmatite width of 36 m. The thick dyke returned an assay composite of
1.53% Li2O over 22 m whereas the four thin dykes returned negligible grade (Table 1 and 2, Figures
2, 3 & 4).
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-0141 with results as shown in the Fi Main pegmatite dyke with a 27 m interval of 1.26%
Li2O.
Figure 4 – Cross-section illustrating YLP-0147 with results as shown in the Fi Main pegmatite dyke with a 22 m interval of 1.53%
Li2O.
Nite Pegmatite
The Nite pegmatite complex comprises a north -northeast trending corridor of parallel -trending
dykes that is exposed for at least 1,400 m of strike length, ranges from 10 -200 m wide, and dips
approximately 50°-70° degrees to the east.
YLP-0142 was designed to test the Nite pegmatite approximately 650 m from its southern
mapped extent at 50 m vertically beneath the surface. Drilling intersected seven pegmatite dykes
over 83 m of core length, comprising a 12 m wide dyke in addition to six 1-5 m wide dykes for
cumulative pegmatite width of 29 m. The wider dyke returned an assay composite of 1.47% Li2O
over 10 m whereas all six thinner dykes returned negligible grade (Table 1 & 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Nite pegmatite with diamond drill hole reported in this press release.
Figure 6 – Cross-section of YLP-0142 which intersected the Nite pegmatite dyke with a 10 m interval of 1.47% Li2O.
BIG West Pegmatite
The BIG West pegmatite complex comprises a northeast -trending corridor of parallel -trending
dykes that is exposed for at least 1,500 m 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 northern part of the complex and just under 150 m apart in the southern part. To facilitate
description for drilling in the southern part of the complex, these dykes are referred to as the east
bounding (EB) and west bounding (WB) dykes.
YLP-0140 tested the BIG West pegmatite (both EB and WB) approximately 450 m from its northern
mapped extent and 25-50 m vertically below the surface. Drilling intersected five pegmatite dykes
over 64 m of drill core, including a 16 m thick dyke and four 1 -7 m wide dykes for cumulative
pegmatite width of 31 m. One 7 m wide dyke returned a composite of 1.14% Li2O over 5 m whereas
the other four, including the 16 m thick dyke, returned wall-to-wall composites averaging 0.1-0.2%
Li2O.
YLP-0143 was designed to test the EB dyke approximately 100 m from its southern mapped
extent and 50 m vertically beneath the surface. Drilling intersected a single 5 m wide pegmatite
that returned negligible grade.
YLP-0146 was collared 50 m north of YLP -043 to test the EB dyke approximately 150 m from its
southern mapped extent and 50 m vertically beneath the surface. Drilling intersected a 13 m wide
pegmatite that returned an assay composite of 0.52% Li2O over 12 m, including 0.85% Li2O over
3 m.
YLP-0144 was drilled to test the WB dyke approximately 250 m from its southern mapped extent
as well as 50 m vertically beneath the surface. The hole was abandoned 40 m above its target
depth and so no pegmatite was intersected, and no samples were taken.
YLP-0156 was collared 100 m north of YLP-0144 to test the WB dyke approximately 350 m from
its southern mapped extent and 50 m vertically beneath the surface. Drilling intersected four
dykes over 44 m of core length, with all four ranging between 2 -8 m in width for cumulative total
of 20 m. Two of these dykes returned assay composites of 0.52% Li2O over 3 m and 0.61% Li2O
over 3 m; the other two returned average grades of 0.1-0.2% Li2O (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.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. From (m) To (m) Interval (m) Li2O% Dyke
YLP-0140 64 69 5 1.14 BIG West
YLP-0141 52 79 27 1.26 Fi Main
YLP-0142 81 91 10 1.47 Nite
YLP-0143 No significant results BIG West EB
YLP-0144 No samples taken BIG West WB
YLP-0146 50 62 12 0.52 BIG West EB
Inc 58 61 3 0.85 BIG West EB
YLP-0147 64 86 22 1.53 Fi Main
YLP-0156 53 56 3 0.52 BIG West WB
and 87 90 3 0.61 BIG West WB
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 148 out of 198 diamond drill holes (26,083
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 NAD83 Easting Northing Elevation (m) Azimuth (°) Dip (°) Depth (m) Dyke
YLP-0140 Zone 11 654,055 6,933,523 202 118 45 90 BIG West
YLP-0141 Zone 12 371,796 6,941,772 253 95 45 105 Fi Main
YLP-0142 Zone 11 647,449 6,936,232 215 300 45 117 Nite
YLP-0143 Zone 11 653,839 6,932,843 208 298 45 101 BIG West
YLP-0144 Zone 11 653,658 6,933,055 209 118 45 23 BIG West
YLP-0146 Zone 11 653,861 6,932,893 209 298 45 101 BIG West
YLP-0147 Zone 12 371,797 6,941,977 252 98 45 103.5 Fi Main
YLP-0156 Zone 11 653,700 6,933,146 211 118 45 113 BIG West
QA/QC & Core Sampling Protocols
All drill core samples were collected under the supervision of LIFT employees and contractors.
Drill core was transported from the drill platform to the core processing facility where it was
logged, photographed, and split by diamond saw prior to being sampled. Samples were then
bagged, and blanks and certified reference materials were inserted at regular intervals. Field
duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups
of samples were placed in large bags, sealed with numbered tags in order to maintain a chain-of-
custody, and transported from LIFT’s core logging facility to ALS Labs (“ALS”) laboratory in
Yellowknife, Northwest Territories.
Sample preparation and analytical work for this drill program were carried out by ALS. Samples
were prepared for analysis according to ALS method CRU31: individual samples were crushed to
70% passing through 2 mm (10 mesh) screen; a 1,000- gram sub-sample was riffle split (SPL-21)
and then pulverized (PUL-32) such that 85% passed through 75 micron (200 mesh) screen. A 0.2-
gram sub-sample of the pulverized material was then dissolved in a sodium peroxide solution and
analysed for lithium according to ALS meth od ME-ICP82b. Another 0.2-gram sub-sample of the
pulverized material was analysed for 53 elements according to ALS method ME -MS89L. All
results passed the QA/QC screening at the lab, all inserted standards and blanks returned results
that were within acceptable limits.
Qualified Person