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Li-FT Power Intersects 23 m at 1.25% Li₂O at its Ki pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is please
About this update from Li-ft Power Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 30, 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 BIG West, Nite & Ki 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-0165: 23 m at 1.25% Li2O, (Ki) YLP-0150: 13 m at 1.27% Li2O, (BIG West) YLP-0166: 9.5 m at 1.36% Li2O, (BIG West) YLP-0157: 9 m at 1.10% Li2O, (Nite)and: 1 m at 1.13% Li2Oand: 2 m at 0.85% Li2O YLP-0158: 9 m at 1.02% Li2O, (BIG West)and: 7 m at 1.09% Li2O Discussion of Results This week’s drill results are for eight holes drilled on three separate pegmatite complexes, including BIG West, Nite and Ki. 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. Francis MacDonald, CEO of LIFT comments, “This week we have released an excellent result from the Ki pegmatite. Hole YLP-0165 is one of the better holes to date in terms of grade x thickness. The Ki pegmatite will be one of the focuses for the winter drill program and we plan to systematically step out from current drilling along untested spodumene-bearing outcrops to the northwest of drilling completed to date.” Figure 1 – Location of LIFT’s Yellowknife Lithium Project. Drilling has been thus far focused on the Road Access Group of pegmatites which are located to the east of the city of Yellowknife along a government-maintained paved highway, as well as the Echo target in the Further Afield Group. Ki Pegmatite The Ki pegmatite is one of several subparallel dykes occurring within a north-of-northwest trending corridor. Drill intercepts typically comprise a thick “main” dyke flanked by one or more narrower (1-5 m wide) dykes although, in places, it is formed by 2-6 dykes of similar cumulative thickness spread over up to 80 m of core length. The Ki dyke is visible for at least 1.0 km on surface and dips between 65°-80° to the southwest. YLP-0165 tested the Ki pegmatite approximately 200 m from its southern mapped extent and 50 m vertically beneath the surface, as well as 50 m ...