AllPennyStocks.com News Brief: Li-FT Power Ltd.

News Brief: Li-FT Power Ltd.

Tuesday, October 17, 2023

VANCOUVER, British Columbia based Li-FT Power Ltd. (CSE: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) reported assays from 5 drill holes completed at the Fi Southwest, Fi Main, and BIG East pegmatites within the Yellowknife Lithium Project located outside the city of Yellowknife, Northwest Territories. The Company also announced a Management update.  

According to the release, drilling has intersected significant intervals of spodumene mineralization, with the following highlights:

YLP-0054: 37 m at 1.22% Li 2 O, (Fi SW)

YLP-0057: 26 m at 0.47% Li 2 O, (Fi Main)

YLP-0058: 12 m at 1.27% Li 2 O, (BIG East)

and: 11 m at 1.06% Li 2 O.

YLP-0062: 16 m at 1.24% Li 2 O, (Fi Main)

Francis MacDonald, CEO of LIFT comments, “Fi Southwest continues to deliver wide intersects with excellent grades to a vertical depth of 150 meters. BIG East has delivered another great result with the two branches of the dyke system totalling greater than 20 meters of dyke material at consistent grades. Fi Main has more variable grades but continues to expand in terms of overall tonnage.”

LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada. The Company’s flagship project is the Yellowknife Lithium Project located in Northwest Territories, Canada.

Shares are trading down 20 cents at $7.88


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