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Li-FT Power Intersects 28 m at 0.99% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
VANCOUVER, British Columbia, Dec. 27, 2023 (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, Dec. 27, 2023 (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, Fi Main, Ki, & Shorty 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-0115: 28 m at 0.99% Li2O, (BIG East)including: 8 m at 1.43% Li2O YLP-0120: 23 m at 0.61% Li2O, (Echo)including: 6 m at 1.06% Li2O YLP-0111: 11 m at 0.52% Li2O, (Shorty)including: 2 m at 1.24% Li2O YLP-0124: 6 m at 1.07% Li2O, (BIG East) Discussion of Results This week’s drill results are for eight holes drilled on five different pegmatite complexes, with two holes each from BIG East (YLP-0115, -0123), Shorty (YLP-0070, -0111), and Fi Main (YLP-0071, -0137) as well as one hole each from Echo (YLP-00120) and Ki (YLP-0118). 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 that is exposed for at least 1,300 m of strike length, ranges from 10-100 m wide, and dips approximately 55°-75° degrees to the west. The northern-most ~300-400 m of this corridor is stepped over 300 m to the west to form an en échelon-like array with the southern bulk of the complex. YLP-0115 was drilled to test the BIG East swarm approximately 600 m from its southern end and 200 m vertically beneath the surface, as well as 50 m downdip of previously released YLP-0092 (combined 25 m of pegmatite averaging 1.73% Li2O), 150 m downdip of YLP-0085 (combined 28 m at 1.19% Li2O), and 200 m downdip of YLP-0084 (combined 20 m at 1.44% Li2O). Drilling intersected a single 31 m wide pegmatite dyke that returned an assay composite of 0.99% Li2O over 28 m, including a subinterval of 1...