LIFT intersects 35 m at 1.34% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
LIFT intersects 35 m at 1.34% Li2O at its BIG East pegmatite,
Yellowknife Lithium Project, NWT
April 30, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX:
LIFFF) (Frankfurt: WS0) is pleased to report assays from 16 drill holes completed at the BIG East,
Echo, Fi Main , & BIG North 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-0271: 35 m at 1.34% Li2O, (BIG East)
• YLP-0251: 28 m at 1.06% Li2O, (BIG East)
including: 10 m at 1.69% Li2O
and including: 3 m at 1.59% Li2O
• YLP-0258: 16 m at 1.48% Li2O, (BIG East)
• YLP-0246: 14 m at 1.02% Li2O, (Echo)
• YLP-0262: 11 m at 1.22% Li2O, (BIG East)
• YLP-0240: 9 m at 1.04% Li2O, (Echo)
including: 4 m at 1.98% Li2O
• YLP-0254: 6 m at 1.23% Li2O, (Echo)
Discussion of Results
This news release provides results for 16 drill holes (2,227 m) from LIFT’s 2024 winter drilling
program. Four holes are reported from the BIG East pegmatite complex, eight from Echo, three
from Fi Main, and one from BIG North. A table of composite calcula tions, general 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, “This week we saw the first holes back from the
northeast end of the very impressive B IG-East pegmatite where YLP-0271 intercepted the best
width, and highest grades drilled to date on the Big-E pegmatite, averaging 1.34% Li2O over 35 m.
This hole marks the very most northeast limit of drilling and extends high grade mineralization
under the lake from the southwest for a total of 750 m, to date. We are very excited to see what
happens next as we move our drill rigs up onto the ice and continue testing along the dyke for
more high-grade lithium zones hidden by the lake.”
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.
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. The four holes reported here were all drilled
at the northern end of this pegmatite complex and are presented below from southern - to
northern-most.
YLP-0271 and YLP0262 are the most northerly holes drilled on the BIG East main pegmatite
complex to date, with YLP-0271 collared 50 m north-northeast of YLP-0258 and designed to test
the BIG East corridor 75-100 m below the surface. YLP-0271 intersected a 38 m wide pegmatite
dyke that returned a composite of 1.34% Li2O over 35 m (Table 1 & 2, Figures 2 & 3).
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-0271 with results as shown in the BIG East pegmatite dyke with a 35 m interval of 1.34%
Li2O.
YLP-0262 is the most northerly hole drilled on the main BIG East complex, collared 50 m north -
northeast of YLP-0271, the hole was designed to intersect the corridor 50 m beneath the surface.
Drilling intersected a 42 m wide corridor with 28 m of pegmatite in two dykes. The lower dyke is
11 m wide and returned a wall-to-wall composite of 1.22% Li2O whereas the 17 m wide upper dyke
returned negligible grade. Overall, results from these four holes show that the northern end of the
BIG East complex is open at depth and along strike to the northeast (Table 1 & 2, Figures 2 & 4).
Figure 4 – Cross-section illustrating YLP-0262 with results as shown in the BIG East pegmatite dyke with a 11 m interval of 1.22%
Li2O.
YLP-0251 was drilled 150 m from the northern mapped extent of the BIG East complex to test
between 75- 100 m below the surface and 25 -50 m downdip of previously released YLP -0066
(1.34% Li2O over 20 m from two intervals 7 m apart). Drilling intersected a 32 m wide pegmatite
dyke that returned an assay composite of 1.06% Li2O over 28 m that includes 10 m of 1.69% Li2O
and 3 m of 1.59% Li2O (Table 1 & 2, Figures 2 & 5).
Figure 5 – Cross-section illustrating YLP-0251 with results as shown in the BIG East pegmatite dyke with a 28 m interval of 1.06%
Li2O.
YLP-0258 was collared 50 m north -northeast of YLP -0251 to test the BIG East complex
approximately 75 m beneath the surface and 50 m downdip of previously released YLP -0074
(0.82% Li2O over 22 m). Drilling intersected a 28 m wide pegmatite dyke that returned an assay
composite of 1.48% Li2O over 16 m (Table 1 & 2, Figures 2 & 6).
Figure 6 – Cross-section illustrating YLP-0258 with results as shown in the BIG East pegmatite dyke with a 16 m interval of 1.48%
Li2O.
Echo Pegmatite System
The Echo pegmatite complex comprises a fanning splay of moderate to gently dipping dykes for
0.5 km to the northwest (“Echo splay”). At its east end, the Echo Splay is connected to a steeply
dipping, northwest-trending, feeder dyke (“Echo feeder”). The dyke complex has a total strike
length of over 1.0 km. The feeder dyke is 10 -15 m wide whereas the gently dipping dykes in the
splay are thicker, ranging from 10 -25 m. Seven of the holes reported here were drilled on the
feeder dyke and are described below from northern to southern most whereas one hole was
drilled on the splay.
YLP-0246 was drilled on a section 50 m south -southeast of the section with YLP -0235/0240 to
test the Echo feeder at 50 m below the surface. Drilling intersected 7 m and 20 m wide pegmatite
dykes separated by 34 m of country rock, with the lower dyke returning a composite of 1.02% Li2O
over 14 m. The upper dyke returned negligible grade (Table 1 & 2, Figures 7 & 8).
Figure 7 – Plan view showing the surface expression of the Echo pegmatite with diamond drill holes reported in this press release.
Figure 8 – Cross-section illustrating YLP-0246 with results as shown in the Echo pegmatite dyke with a 14 m interval of 1.02% Li2O.
YLP-0240 tested the Echo feeder dyke on a section approximately 200 m south -southeast of
where it merges with the splay, 100 m below the surface, and 75 m downdip of previously released
YLP-0235 (1.25% Li2O over 10 m). Drilling intersected a 9 m wide dyke with a wall -to-wall
composite of 1.04% Li2O that includes 4 m of 1.98% Li2O (Table 1 & 2, Figure 7).
YLP-0254 was drilled on a section located 100 m south- southeast of YLP-0248 to test the Echo
feeder at 125 m below the surface. Drilling intersected a 7 m wide dyke that returned a composite
of 1.23% Li2O over 6 m (Table 1 & 2, Figure 7).
YLP-0248 was collared 50 m south of YLP-0246 to test the Echo feeder at 25 -50 m below the
surface. Drilling intersected an 11 m wide pegmatite dyke that returned a wall-to-wall composite
of 0.92% Li2O that includes 5 m at 1.68% Li2O (Table 1 & 2, Figure 7).
YLP-0236 was drilled on a section located 50 m south -southeast of YLP-0239 to test the Echo
feeder at 25-50 m below the surface. Drilling intersected a 7 m wide dyke that returned a wall-to-
wall composite of 0.79% Li2O that includes 3 m of 1.42% Li2O (Table 1 & 2, Figure 7).
YLP-0245 was collared on the southern-most section to test the Echo feeder dyke, located 100 m
south-southeast of the section with hole YLP -0236 and designed to test at 25 m below the
surface. Drilling intersected a 7 m wide dyke with a wall -to-wall composite of 0.62% Li2O that
includes 3 m of 1.30% Li2O (Table 1 & 2, Figure 7).
YLP-0239 was drilled on a section located 50 m south- southeast of YLP-0254 to test the Echo
feeder at 25 m below the surface. Drilling intersected a 7 m wide dyke that returned a composite
of 0.51% Li2O over 1 m (Table 1 & 2, Figure 7).
YLP-0222 is the only hole reported here that was drilled into the Echo splay, with the hole collared
in the area where the splay merges with the feeder and stepped forward approximately 80 m from
previously released YLP-0223 (1.45% Li2O over 15 m). Drilling intersected two pegmatite dykes
that are each just 2 m wide and returned negligible grades (Table 1 & 2, Figure 7).
Fi Main Pegmatite
The Fi Main pegmatite complex crops out over at least 1.5 km of strike length within a north-south
striking corridor that dips between 70°-85° to the west. The central 800-900 m of the complex can
be split into a northern part where most pegmatite occurs in a single 25- 30 m thick dyke and a
southern part where this dyke splits into upper and lower pegmatites that then remerge 450 m
further south. The width of the Fi Main corridor ranges from 25 -75 m where it is dominated by a
single dyke and between 75-150 m where it is split into two.
YLP-0247 was drilled on the southern part of the Fi Main complex where it is split into an upper
and lower zone. This hole was designed to test the upper zone at 50 m below the surface and the
lower zone at around 125 m, as well as 25-50 m downdip of previously released YLP-0018 (0.81%
Li2O over 19 m from two dykes, 59 m apart) as well as 200 -250 m up-dip of YLP-0137 and YLP-
0019 (both no significant results). New drilling intersected a 29 m wide upper zone that returned
a wall -to-wall composite of 0.52% Li2O as well as a 19 m wide lower zone that returned a
composite of 0.50% Li2O over 11 m. Both zones include higher-grade subintervals of 1.0-1.1% Li2O
over 5-10 m (Table 1 & 2, Figures 9 & 10).