LIFT intersects 33 m at 1.09% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 33 m at 1.09% Li2O at its Echo pegmatite,
Yellowknife Lithium Project, NWT
May 28, 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,
BIG East, Echo, Fi Main, & Ki 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-0281: 15 m at 1.19% Li2O, (Echo)
and: 9 m at 1.02% Li2O
and: 9 m at 0.98% Li2O
• YLP-0285: 17 m at 1.05% Li2O, (Echo)
including: 9 m at 1.28% Li2O
Discussion of Results
This news release provides results for 13 drill holes (2,669 m) from LIFT’s 2024 winter drilling
program. Holes are reported from five different pegmatite complexes that include Echo, BIG East,
Ki, Fi Main, and Shorty. A table of composite calculations, ge neral 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, “We are excited about the last hole of the Echo
winter program which hit 17 m at 1.05% Li2O, at the northwest limit of drilling. The hole intercepted
a new lower spodumene-bearing dyke that does not crop out at surface and was never intercepted
in the drilling to the southeast. The dyke marks the identification of a total of five spodumene-
bearing dykes across the Echo property to date, highlighting the system’s potential for the
discovery of additional hidden dykes in future follow-up drill testing.”
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
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.
Five of the six holes reported here were drilled on the splay and one was drilled on the feeder.
Holes are described from approximately northwest to southeast.
YLP-0281 was drilled on a section located 400 m from where the splay merges with the feeder,
testing the Echo splay from 75 to 200 m below the surface and stepped back 100 m from
previously released YLP-0212 (1.26% Li2O over 27 m from four intervals spaced a total of 123 m
apart). New drilling intersected three pegmatite dykes between 10- 15 m in width, two of which
are centered around 75- 100 m vertical depth and a third centered at 200 m. These three dykes
returned composites of 1.0-1.2% Li2O over 9-15 m for a cumulative 1.09% Li2O over 33 m (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-0281 with results as shown in the Echo pegmatite dyke with a 33 m interval of 1.09% Li2O.
YLP-0285 was drilled on the Echo splay on a section located 500 m from where the splay merges
with the feeder, to test from 50 to 150 m below the surface and stepped back 200 m from
previously released YLP-0208 (0.96% Li2O over 13 m from two intervals, 39 m apart). New drilling
intersected a 17 m dyke centered at around 75 m below the surface and a 22 m wide dyke
centered at 150 m. The deeper dyke returned a composite of 1.05% Li2O over 17 m that includes
9 m of 1.28% Li2O whereas the shallow dyke returned negligible grade (Table 1 & 2, Figures 2 &
4).
Figure 4 – Cross-section illustrating YLP-0285 with results as shown in the Echo pegmatite dyke with a 17 m interval of 1.05% Li2O.
YLP-0279 was drilled on the same section as YLP-0281 but stepped back to the northeast by 200
m. Within a 200 m interval starting just below overburden, drilling intersected eight pegmatite
dykes with widths of 1 -17 m for cumulative pegmatite thickness of 46 m. All assays returned
<0.1% Li2O (Table 1 & 2, Figure 2).
YLP-0275 was drilled on a section stepped 100 m east of the section with YLP- 0281/0279 and
300 m from where the splay merges with the feeder. The hole was drilled to test at 10 to 125 m
below the surface and stepped back 125 m from previously released YLP-0259 (0.85% Li2O over
43 m). New drilling cut an 80 m interval, starting just below the surface, with five dykes between
2-17 m in width for a cumulative 40 m of pegmatite but with all assays returning <0.2% Li2O (Table
1 & 2, Figure 2).
YLP-0273 was drilled on a section stepped another 100 m east and approximately 200 m from
where the splay merges with the feeder. This hole tested the splay at 50-125 m vertical depth and
stepped back 100 m from previously released YLP-0120 (0.60% Li2O over 24 m) and 200 m from
YLP-0107 (1.04% Li2O over 20 m from three intervals a total of 83 m apart). New drilling cut a 96
m interval with seven pegmatite dykes between 1-5 m in width and summing to 17 m, all of which
returned assays <0.1% Li2O (Table 1 & 2, Figure 2).
YLP-0241 is the only hole reported here that tested the Echo feeder, in this case on a section 550
m southeast from where the feeder merges with the splay. The hole was drilled to test at 50 m
below the surface as well as in between and along strike of previously released YLP-0236 (0.79%
Li2O over 7 m) and YLP-0245 (0.62% Li2O over 7 m). New drilling intersected a 26 m wide corridor
with three dykes between 2-7 m in width, with the thickest of these dykes returning a composite
of 0.53% Li2O over 4 m (Table 1 & 2, Figure 2).
BIG East Pegmatite
The BIG East pegmatite complex comprises a north -northeast trending corridor of parallel -
trending dykes that is exposed for at least 1.8 km of strike length, ranges from 10 -100 m wide,
and dips approximately 55°-75° degrees to the west.
YLP-0260 was drilled near the northern mapped extent of the BIG East pegmatite, to test this
corridor at 50-75 m below the surface and 50 m up- dip of previously released YLP -0271 (1.34%
Li2O over 35 m). New drilling intersected two 14 m wide pegmatite intervals separated by three
metres of country rock that returned composites of 0.46% Li2O over 5 m and 0.82% Li2O over 8
m. This intersection shows that mineralization weakens towards the surface although it remains
open downdip of YLP-0271 (Table 1 & 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the BIG East pegmatite with diamond drill holes reported in this press
release.
Figure 6 – Cross-section illustrating YLP-0260 with results as shown in the BIG East pegmatite dyke with an 8 m interval of 0.82%
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-0249 was drilled on the southern half of the Ki corridor to test the Ki dyke at 50 -75 m below
the surface and 50 m downdip of previously released YLP-0072 (0.79% Li2O over 17 m). Starting
at just below overburden, new drilling intersected an 80 m wide interval with seven pegmatite
dykes between 1-14 m in width that sum to 30 m. The thickest of these dykes is also the deepest
and returned a composite of 0.98% Li2O over 9 m whereas the thinner overlying dykes all returned
assays <0.2% Li2O. The southern extension of the Perlis dyke was intersected 55 m further down
the hole and totals 10 m of pegmatite spread over three closely spaced dykes that all returned
assays <0.2% Li2O (Table 1 & 2, Figures 7 & 8).
Figure 7 – Plan view showing the surface expression of the Ki pegmatite with diamond drill holes reported in this press release.
Figure 8 – Cross-section illustrating YLP-0249 with results as shown in the Ki pegmatite dyke with a 9 m interval of 0.98% Li2O.
YLP-0278 was drilled on a section 150 m north of the section with YLP- 0249/0072 to test the Ki
dyke at 125 m below the surface. Drilling cut a 90 m wide corridor with six dykes between 1-11 m
in width for a total of 24 m of pegmatite. The thickest of these dykes returned a composite of
0.51% Li2O over 5 m whereas the other dykes all returned assays ≤ 0.3% Li2O. The southern
extension of the Perlis dyke was intersected 92 m further down the hole where it comprises four
closely spaced dykes between 1- 3 m wide for cumulative width of 9 m, all of which returned
assays ≤0.1% Li2O (Table 1 & 2, Figure 7).
YLP-0282 was drilled on the northern half of the Ki corridor where the Ki and Perlis dykes occur
more closely together, on a section 300 m north of YLP -0278 and 100 m south of previously
released YLP-0184 (1.11% Li2O over 13 m). Drilling intersected a 120 m wide corridor centered at
approximately 150 m vertically beneath the surface, comprising nine pegmatite dykes between 1-
9 m in width for cumulative 35 m of pegmatite. Three of these dykes are 7 -9 m wide and two of
these returned composites of 0.57% Li2O over 1 m and 0.54% Li2O over 3 m. All other dykes
returned assays <0.2% Li2O (Table 1 & 2, Figure 7).
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 co untry 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 of core length.
YLP-0280 was drilled to test one of the thicker dykes in the Shorty corridor at 25 m below the
surface and 25 m up -dip of YLP -0283 (1.32% Li 2O over 35 m). New drilling intersected a 43 m
wide corridor with three dykes that total to 10 m of pegmatite, with all assays returning <0.2%
Li2O. This result indicates spodumene mineralization diminishes rapidly up -dip from YLP -0283
but is still open at depth (Table 1 & 2, Figure 9).