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Li-FT Power Intersects 23m at 1.40% Li2O at its Fi Main pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Jan. 23, 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. 23, 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 Fi Main, 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-0148: 23 m at 1.40% Li2O, (Fi Main) YLP-0182: 11 m at 1.38% Li2O, (Nite) YLP-0145: 10 m at 1.28% Li2O, (Nite) and: 3 m at 1.26% Li2O YLP-0149: 5 m at 1.04% Li2O, (Nite) and: 1 m at 1.04% Li2O and: 10 m at 0.78% Li2Oincluding: 5 m at 1.15% Li2O Discussion of Results This week’s drill results are for eight holes drilled on four separate pegmatite complexes, including Fi Main (N = 1), Nite (N = 3), BIG West (N = 2), and Ki (N = 2). 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 Main Pegmatite The Fi Main pegmatite comprises a 10-100 m wide corridor of 1-5 dykes that dip between 70°-85° to the west-northwest and extends for at least 1.5 km on surface. YLP-0148 tested the Fi Main pegmatite approximately 300 m from its northern mapped extent, 50 m vertically beneath the surface, and 250 m up-dip from YLP-0020 (0.49% Li2O over 5 m). Drilling at this site intersected a single 31 m wide pegmatite dyke that returned an assay composite of 1.40% Li2O over 23 m (Table 1 and 2, Figures 2 & 3). Figure 2 – Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press release. Figure 3 – Cross-section illustrating YLP-0148 with results as shown in the Fi Main pegmatite dyke with a 23 m interval of 1.40% Li2O. Nite Pegmatite The Nite pegmatite complex comprises a north-northeast trending corridor of parallel-t...