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Li-FT Power Intersects 26 m at 1.56% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Jan. 03, 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. 03, 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 East, Echo, Shorty, & BIG West 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: • YLP-0117: 26 m at 1.56% Li2O, (BIG East) • YLP-0129: 18 m at 0.95% Li2O, (BIG East) including: 4 m at 1.29% Li2O and including: 5 m at 1.13% Li2O • YLP-0128: 10 m at 1.24% Li2O, (Echo) and: 12 m at 0.69% Li2O including: 5 m at 1.20% Li2O • YLP-0126: 10 m at 1.00% Li2O, (Shorty) including: 4 m at 1.55% Li2O Francis MacDonald, CEO of LIFT comments, “The continuity of high-grade spodumene mineralization at BIG East is really shaping up. Also, we’ve intersected the BIG East system in YLP-0129, which looks like a faulted offset of the pegmatite. This opens up additional strike length to the northeast. Drilling at Echo intersected two dykes > 10 m width that are shallowly dipping; we continue to be excited about the near-surface tonnage potential at Echo.” Discussion of Results This week’s drill results are for eight holes drilled on four different pegmatite complexes, with three holes reported from BIG East (YLP-0117, -0127, -0129), two holes each from Shorty (YLP-0119, -0126) and BIG West (YLP-0131, -0132), and one hole from Echo (YLP-0128). 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. BIG East Pegmatite The BIG East pegmatite complex comprises a corridor of parallel-trending dykes and dyke swarms that are generally north-northeast striking and dipping 55°-75° degrees to the west. The main dyke swarm...