LIFT Intersects 34 m at 1.35% Li2O at the Fi Southwest Pegmatite, Yellowknife Lithium Project, NWT
LIFT Intersects 34 m at 1.35% Li2O at the Fi
Southwest Pegmatite, Yellowknife Lithium
Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Li-FT Power Ltd.
(CSE: LIFT)
(OTCQX: LIFFF) (FSE: WS0)
("
LIFT
" or the "
Company
") is pleased to report assays from 5 drill holes
completed at the Fi Southwest, Shorty, and BIG East 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:
YLP0038:
34 m at 1.35% Li
2
O,
including 27 m at 1.53% Li
2
O (Fi Southwest)
YLP0036:
12 m at 1.19% Li
2
O
, including 9 m at 1.46% Li
2
O (Shorty)
YLP0039:
13 m at 1.05% Li
2
O
, and (BIG East)
11 m at 1.28% Li
2
O
YLP0045:
12 m at 1.05% Li
2
O
, including 8 m at 1.51% Li
2
O (BIG East)
and:
13 m at 0.71% Li
2
O
, including 4 m at 1.59% Li
2
O
and:
16 m at 0.92%
Li
2
O,
including 13 m at 1.10% Li
2
O
Francis MacDonald, CEO of LIFT, comments, "Fi Southwest and Shorty pegmatites continue to produce
excellent drill results with demonstrable quantities of spodumene. The surprise for us is that BIG East has
more spodumene pegmatite material than expected, based on outcropping surface expression.
Although grade is partially diluted by internal sections of wallrock, the overall amount of pegmatite dyke
material at BIG East could add more tonnage than expected."
Discussion of Drill Results
Drill hole YLP0036 tested the Shorty pegmatite. The pegmatite is a moderately-dipping dyke that trends
for over 800 metres on surface with an average width of 25 metres. The hole was drilled into mid-section
of the dyke where it splays into three branches with intercepts ranging from 4 metres to 12 metres. The
thicker middle dyke intercepted 12 metres of 1.19% Li
2
O from 59 metres down the hole with a 9 metre
interval from 62 metres averaging 1.46 % Li
2
O (Table 1; Figures 2 & 3).
Drill holes YLP0038 and YLP0041 were drilled in the Fi Southwest dyke. Hole YLP0038 intercepted 34
metres of 1.35% Li
2
O from 67 metres, including 27 metres of 1.53% Li
2
O from 72 metres. Hole
YLP0041 drilled at the south end of the dyke intercepted a 31-metre interval of pegmatite from 66
metres, which was essentially barren (Table 1; Figures 4 & 5).
Figure 1 - Location of LIFT's Yellowknife Lithium Project. Drilling is 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.
To view an enhanced version of this graphic, please visit:
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Drill holes YLP0039 and YLP0045 tested the BIG East dyke swarm which is exposed over 1,300 meters
as a 120 metre-wide corridor of parallel-trending dykes.
The holes were drilled 50 metres apart under
the central section of the dyke swarm to 90 metres below surface.
Hole YLP0039 intercepted two dykes,
the upper one with 13 metres averaging 1.05 % Li
2
O from 66 metres, and the lower one 30 metres
averaging 0.87% Li
2
O from 92 metres including 11 metres averaging 1.28% Li
2
O from 111 metres.
Hole YLP0045 is also interpreted to have intercepted two dykes. The intercept in the upper dyke was
very similar to that in YLP0039, averaging 1.05% Li
2
O over 12 metres from 66 metres, including 8
metres averaging 1.51% Li
2
O from 67 metres. The lower dyke is interpreted to have intercepted 33 m of
pegmatite with a 4 metre inclusion of metasediments in the middle. The upper section of that dyke
averages 13 metres of 0.71% Li
2
O from 96 metres, including 4 metres of 1.59% Li
2
O from 104 metres;
the lower section averages 0.92% Li
2
O for 16 metres from 113 metres, including 13 metres of 1.10%
Li
2
O from 115 metres (Table 1; Figures 6 & 7). Spodumene is the primary lithium mineral constituent of
the dyke swarm occurring with varying amounts of quartz, feldspar, and muscovite.
Figure 2 - Plan view showing the surface expression of the Shorty pegmatite with diamond drill hole
reported in this press release.
To view an enhanced version of this graphic, please visit:
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Figure 3 - Cross-section of YLP0036 which intersected three branches of the Shorty dyke, including a
12 metre interval at 1.19% Li2O.
To view an enhanced version of this graphic, please visit:
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Figure 4 - Plan view showing the surface expression of the Fi Southwest pegmatite with diamond drill
holes reported in this press release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/181048_698531617475e842_004full.jpg
Figure 5 - Cross-section of YLP0038 which intersected 34 metres at 1.35% Li2O at the Fi Southwest
pegmatite dyke.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/181048_698531617475e842_005full.jpg
Figure 6 - Plan view showing the surface expression of the BIG East pegmatite with diamond drill
holes reported in this press release.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/181048_698531617475e842_006full.jpg
Figure 7 - Cross-section of YLP0039 which intersected 13 metres at 1.05% Li2O and 30 m at 0.87%
Li2O.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8766/181048_698531617475e842_007full.jpg
Table 1 - Assay highlights for drill holes reported in this press release.
Hole No.
From (m)
To (m)
Interval (m)
Li
2
O %
Dyke
YLP0036
38
42
4
0.86
Shorty
and
59
71
12
1.19
inc.
62
71
9
1.46
and
89
92
3
0.48
YLP0038
67
101
34
1.35
Fi-SW
inc.
72
99
27
1.53
YLP0039
66
79
13
1.05
BIG-E
and
92
122
30
0.87
inc.
92
107
15
0.76
inc.
111
122
11
1.28
YLP0041
66
97
31
0.07
Fi-SW
YLP0045
66
78
12
1.05
BIG-E
inc.
67
75
8
1.51
and
96
109
13
0.71
inc.
104
108
4
1.59
and
113
129
16
0.92
inc.
115
128
13
1.1
Table 2 - Drill collars table of reported drill holes in this press release
Hole No.
Northing
1
Easting
1
Elevation (m)
Length (m)
Azimuth
Dip
Dyke
YLP0036
6938143
372860
248.8
120.0
95
45
Shorty
YLP0038
6940782
371324
248.2
120.0
301
44
Fi SW
YLP0039
6933121
346016
208.0
200.0
118
45
BIG East
YLP0041
6940486
371134
247.8
114.0
301
45
Fi SW
YLP0045
6933163
346040
209.4
190.0
119
45
BIG East
1
UTM NAD83 zone 12
QA/QC and 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 logging 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 method 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
The disclosure in this news release of scientific and technical information regarding LIFT's mineral
properties has been reviewed and approved by Carl Verley, P.Geo., Vice-President, Exploration of Li-
FT Power and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for
Mineral Projects (NI 43-101).
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of
lithium pegmatite projects located in Canada. The Company's flagship project is the Yellowknife Lithium
Project located in Northwest Territories, Canada. LIFT also holds three early-stage exploration
properties in Quebec, Canada with excellent potential for the discovery of buried lithium pegmatites, as
well as the Cali Project in Northwest Territories within the Little Nahanni Pegmatite Group.
For further information, please contact:
Francis MacDonald
Chief Executive Officer
Tel:
+ 1.604.609.6185
Email:
Website:
www.li-ft.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements
(collectively, "forward-looking statements"), including those identified by the expressions "anticipate",
"believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent
they relate to the Company or its management. The forward-looking statements are not historical facts
but reflect current expectations regarding future results or events. This press release contains forward-
looking statements. These forward-looking statements and information reflect management's current
beliefs and are based on assumptions made by and information currently available to the company
with respect to the matter described in this new release.
Forward-Looking statements involve risks and uncertainties, which are based on current expectations
as of the date of this release and subject to known and unknown risks and uncertainties that could
cause actual results to differ materially from those expressed or implied by such statements.
Additional information about these assumptions and risks and uncertainties is contained under "Risk
Factors and Uncertainties" in the Company's latest annual information form filed on March 30, 2023,
which is available under the Company's SEDAR+ profile at www.sedarplus.ca, and in other filings that
the Company has made and may make with applicable securities authorities in the future. Forward-
Looking statements contained herein are made only as to the date of this press release and we
undertake no obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law. We caution investors not to place
considerable reliance on the forward-looking statements contained in this press release.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this
release.
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