Business
Li-FT Power Intersects 23 m at 1.50% Li2O at its Fi Southwest pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Jan. 09, 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. 09, 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, Shorty, Fi Main & Fi Southwest 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-0125: 23 m at 1.50% Li2O, (Fi SW) YLP-0138: 12 m at 1.51% Li2O, (Nite) YLP-0135: 12 m at 1.04% Li2O, (BIG-West)including: 4 m at 1.62% Li2O YLP-0134: 9 m at 1.07% Li2O, (BIG-West)including: 5 m at 1.65% Li2O Francis MacDonald, CEO of LIFT comments, “This week we are releasing results for the first holes from the Nite pegmatite. The first interval of 12 m at 1.51% Li2O is of similar grade and width to the surface expression of the dyke. Fi Southwest also produced an excellent intersect this week which is located 200 m below surface. We continue to encounter high grades at these depths.” Discussion of Results This week’s drill results are for eight holes drilled on five different pegmatite complexes, including the first hole from the Nite pegmatite (YLP-0138) as well as two holes from Fi Southwest (YLP-0125, 0130), three from BIG West (YLP-0134, 0135, 0139), and one each from Fi Main (YLP-0136) and Shorty (YLP-0133). 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. 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. Fi Southwest Pegmatite The Fi Southwest (SW) pegmatite is one of several dykes occurring within a north-of-northeast striking dyke corridor. Drilling at Fi SW shows that mineralization occurs as a single 20-40 m wide dyke, to 2-3 dykes of similar cumulative width within a 50-70 m wide corridor. The Fi SW dykes are visible for at least 1,100 m on surface and dip 60°-80° to the east-southeast. YLP-0125 tested the Fi SW pegmatite approximately 150 m from its northern mapped...