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Li-FT Power intersects 14 m at 1.55% Li2O at its Echo pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleas
About this update from Li-ft Power Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to report assays from 8 drill holes completed at the Echo, Fi Main, Fi Southwest & Nite 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-0223: 14 m at 1.55% Li2O, (Echo) YLP-0226: 13 m at 1.45% Li2O, (Echo) YLP-0217: 10 m at 0.93% Li2O, (Echo)and: 2 m at 0.63% Li2O YLP-0219: 9 m at 0.97% Li2O, (Fi Main) Discussion of Results This news release provides results for eight drill holes (1,916 m), six of which are from ongoing 2024 winter drilling and two from the 2023 program. Three holes are reported from the Echo pegmatite, two each on Fi Southwest and Nite, and one from Fi Main. A table of composite calculations, 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, “We are pleased to see the first results from the southeast end of the Echo pegmatite system where holes 223 and 226 intercepted strong shallow spodumene mineralization averaging 1.55% Li2O over 14 m and 1.45% Li2O over 13 m, respectively. Geological mapping at this portion of the Echo pegmatite system in 2023 reveals that there is still an additional 500 m of strike-length of spodumene-bearing pegmatite that remains untested for follow-up drilling, and so we are very excited to build these initial results by testing the remainder of the dyke to the southeast, to a depth of 250 m from surface.” 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 more recently advancing to the Echo target, the first drilling in the Further Afield Group. 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”), apparently sourced from a steeply dipping, northwest-trending, feeder dyke (“Echo feeder”). The dyke complex ...