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Li-FT Power Initiates 45,000 Meter Drill Program at the Yellowknife Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) ("LIFT" or the "Company") is pleased to report the start
About this update from Li-ft Power Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 7, 2023) - Li-FT Power Ltd. (CSE: LIFT) (FSE: WS0) (\"LIFT\" or the \"Company\") is pleased to report the start of a 45,000 meter drill program that began June 2, 2023 at its Yellowknife Lithium Project located to the east of Yellowknife, Northwest Territories. The current drill program is targeting seven outcropping spodumene-bearing pegmatite dyke complexes that are within 10 kilometers of an all-season highway (Figure 1, Road Access Group). Drilling will begin by targeting areas that, based on historic trench sample results, returned the highest lithia grades from outcropping pegmatites. The Fi Southwest and Fi Main pegmatites will be the first targets to be drilled (Figure 2). The Company plans to drill each pegmatite target at 100 meter by 100 meter centers to a vertical depth of 300 meters. This is expected to provide sufficient sample density to enable estimates for inferred resources by mid-2024. Francis MacDonald, CEO of Li-FT, comments, \"We are thrilled to have started the drill program at our Yellowknife Lithium Project. This is one of the largest exploration drill programs for lithium globally, which we believe is justified by the impressive outcropping exposures of spodumene-bearing pegmatites across the portfolio that have been reported to have potentially economic grades at surface from work completed in the 1970s and 1980s. We believe that this drill program will show the scale and potential of the Yellowknife Pegmatite Province and put us well on our way to delivering a maiden resource estimate.\" Fi Southwest & Fi Main Pegmatite Dyke Targets LIFT plans to drill 16,075 meters over 79 diamond drill holes to a vertical depth of 300 meters at the Fi targets. The Fi area is comprised of two northeast trending dykes that have a cumulative strike length of 3,300 meters (Figure 4a). The Fi Southwest dyke is the shorter and wider of the two dykes, with a total strike length of 1,100 meters and an average outcropping width of 21 meters. The dyke has a 540 meter-long central segment that dips steeply to the southeast and contains 5-30% spodumene (Figure 4b). In 1975, fourteen trenches were completed across the dyke, as shown in Figure 4a below. The Fi Main dyke is located 250 meters to the northeast of Fi Southwest and crops out over a total distance of 2...