LIFT Resumes Drilling at the Yellowknife Lithium Project, NWT
LIFT Resumes Drilling at the Yellowknife
Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2023) -
Vancouver, B.C.,
Li-FT Power
Ltd.
(CSE: LIFT) (OTCQX: LIFFF) (FSE: WS0)
("
LIFT
" or the "
Company
")
is pleased to report that
diamond drilling has resumed at the Yellowknife Lithium Project. Drilling activities were suspended on
August 15, 2023 due to wildfire activity near the city of Yellowknife. Drilling has resumed with one drill rig
at the Echo target and will scale up to six drill rigs by September 16, 2023 which will continue into
October. No damage to any samples, equipment, or infrastructure has been sustained during the
evacuation.
Francis MacDonald, CEO of LIFT, comments, "We are relieved that the threat from wildfires in the
vicinity of Yellowknife has decreased, and that residents and industry have been welcomed back to the
area. We would like to commend front-line responders, essential workers, and the Indigenous, municipal,
territorial, and federal governments for their efforts to resolve this very challenging situation and all
residents who have been displaced for their tenacity and resilience during this difficult time.
We are
delighted to resume what has been a highly successful exploration program to date."
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 Field.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/180543