Business
Li-FT Power Intersects 14 m at 1.50% Li2O at the BIG East Pegmatite, Including 12 m at 1.73% Li2O, Yellowknife Lithium Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2023) - Li-FT Power Ltd. (CSE: LIFT) (OTCQX: LIFFF) (FSE: WS0) ("LIFT" or the "Company") is pleased to
About this update from Li-ft Power Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 4, 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: YLP0049: 14 m at 1.50% Li2O, including 12 m at 1.73% Li2O, (BIG East) and: 9 m at 0.66% Li2O, and: 12.3 m at 1.28% Li2O. YLP0048: 12 m at 1.11% Li2O, including 10 m at 1.23% Li2O (Shorty) and: 10 m at 1.46% Li2O, including 8 m at 1.71 % Li2O. YLP0051: 15 m at 1.03% Li2O, including 10 m at 1.34% Li2O and (Fi SW) and: 9 m at 1.03% Li2O, including 6 m at 1.28% Li2O. Francis MacDonald, CEO of LIFT, comments, \"We continue to be impressed with the amount of spodumene pegmatite being intersected at depth at BIG East. The pegmatite dyke system is much larger than we anticipated based on the surface expression. YLP0049 intersected more than 35 meters of pegmatite with an aggregate grade of 1.20% Li2O. \"At Fi Southwest, we have constrained the southwestern portion of spodumene within the pegmatite dyke, but also we have opened up a new zone towards the northeast with YLP0051 that intersected two zones for a total width of 24 meters. We believe mineralization is plunging towards the northeast, which opens up an exciting new area to be drilled in the future which has little to no spodumene pegmatite on surface.\" Discussion of Drill Results Drill hole YLP0042 intercepted 22 metres of 0.98% Li2O from 60 metres. The hole is located near the north end of Fi Southwest dyke. Hole YLP0051, also located at the north end of outcropping Fi Southwest dyke, intercepted 15 metres of 1.03% Li2O from 74 metres, including 10 metes of 1.34% Li2O from 78 metres, as well as 9 metres of 1.03% Li2O in a second dyke from 113 metres, including 6 metres of 1.28% Li2O from 115 metes. Hole YLP0044, collared near the southern terminus of Fi Southwest exposure intersected two intervals of pegmatite for 7 metres from 62 metres and 43 metres from 88 metres that averaged 0.04% Li2O and 0.03% Li2O, respectively (Table 1 and Figures 2 and 3). Hole YLP0048 was collared in the...