LIFT reports grab samples up to 3% Li2O within 1 km by 1.5 km area at the Cali Lithium Project, NWT, Canada
LIFT reports grab samples up to 3% Li2O within 1 km by 1.5 km
area at the Cali Lithium Project, NWT, Canada
May 7, 2024 – Vancouver, B.C., Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX:
LIFFF) (Frankfurt: WS0) is pleased to provide an update on surface work completed during the
summer of 2023 at the Cali Lithium Project, Northwest Territories (Figure 1).
During the summer surface program in 2023, LIFT completed a soil geochemistry survey covering
the Cali Property, as well as a mapping and prospecting campaign. Rock sampling and mapping
indicate that the spodumene pegmatite dyke swarm system is larger than had been anticipated
with numerous spodumene pegmatite swarms present within an area of 1.5 kilometers by 1
kilometer (Figure 2). Out of 163 grab samples collected, 124 returned grades at greater than 1.0%
Li2O.
Figure 1 – Location of LIFT’s Cali Lithium Project (CLP). The CLP is located in the Mackenzie Mountains along the Northwest
Territories-Yukon border. The area is accessible by road and is located ~850 kilometers from rail in Fort Nelson, British Columbia.
Figure 2 – Rock sampling results from the Cali pegmatite corridors. Multiple outcropping spodumene pegmatite corridors have been
defined over a 1.5 kilometer by 1 kilometer area. Boulders and subcrop (e.g. rocks that are not in place) suggest additional dykes
may be present beneath cover.
Soil geochemistry results successfully outlined the outcropping corridors of spodumene
pegmatites, and additionally defined an area with very little outcrop that has a similar magnitude
of anomalism which could indicate spodumene pegmatites are located beneath soil cover (Figure
3).
Francis MacDonald, CEO of LIFT comments, “We are very pleased with the surface program
results from 2023. When we initiated this program, we were expecting spodumene-bearing
corridors to be limited to a single 150 m wide corridor, but the discovery of additional pegmatite
corridors significantly upgrades the potential of the area. The new lithium anomaly defined by soil
geochemistry adds even more upside with the potential for additional pegmatites located under
cover. We see excellent potential at Cali to host a large spodumene resource.”
Figure 3 – Soil sampling results from the Cali Lithium Project. Soil geochemistry successfully outlines outcropping spodumene
pegmatite corridors. An additional lithium anomaly has been defined that occurs in an area with more extensive soil cover. Th e
strength of the soil anomaly suggests there could be additional spodumene pegmatites located beneath cover.
About the Cali Lithium Project
The Cali Lithium Project (CLP) is located in the Mackenzie Mountains on the border of the
Northwest Territories and Yukon within the Little Nahanni Pegmatite Group (LNPG). The LNPG is
a Cretaceous-age (~82-million-year-old) rare-element pegmatite dyke swarm over an area of 13
km x 5 km that is hosted within Proterozoic Hyland Group sedimentary rocks. The pegmatites are
dominantly spodumene-bearing with subordinate spodumene-free (mainly lepidolite-rich) dikes.
The Cali area was originally staked in 1961 by the Canada Tungsten Mining Corporation Ltd. who
reported grab samples of 1.5% and 2.5% Li 2O. No work was completed again until 1977 when
Canadian Superior Exploration Ltd. (CSEL) staked the Cali area and completed a mapping and
sampling campaign. CSEL concluded that there was excellent potential for a spodumene
resource in the area. After the CSEL work, only sporadic sampling programs have been completed
in the area.
QA/QC & Sampling Protocols
All rock and soil samples were collected under the supervision of LIFT employees and
contractors. Sample location and descriptions were recorded in the field with samples
transported to a temporary exploration camp where blanks and certified reference materials were
inserted at regular intervals. Field duplicates are 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 the temporary exploration camp via helicopter/fixed wing to ALS
Global’s (“ALS”) laboratory in Whitehorse, Yukon. Sample preparation and analytical work for this
exploration program were carried out by ALS. Rock samples were prepared for analysis according
to ALS method PREP-31: individual samples were crushed to 7 5% 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 0.2gram sub -sample of the
pulverized material was then dissolved in a sodium peroxide solution and analyzed for 53
elements according to ALS method ME- MS89L. Soil Samples were prepared for analysis
according to ALS method PREP -41: individual samples screened to 180 micron (80 mesh) (SCR-
41). A 0.25g sub-sample of the screened material was then dissolved in a Four Acid solution and
analyzed for 48 elements according to the super trace lowest detection limit ICP-MS ALS method
ME-MS61L. 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 Ron Voordouw, Ph.D., P.Geo., Partner,
Director Geoscience, Equity Exploration Consultants Ltd., and a Qualified Person as defined by
National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and member
in good standing with the Northwest Territories and Nunavut Association of Professional
Engineers and Geoscientists (NAPEG) (Geologist Registration number: L5245).
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 Daniel Gordon
Chief Executive Officer Investor Relations
Tel: + 1.604.609.6185 Tel: +1.604.609.6185
Email: [email protected] Email: [email protected]
Website: www.li-ft.com
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