Tuesday, November 28, 2023

Vancouver, British Columbia based Li-FT Power Ltd. ( TSXV: LIFT ) ( OTCQX: LIFFF ) ( Frankfurt: WS0 ) reported assays from 5 drill holes completed at the Ki, Shorty, BIG East and Fi-SW pegmatites within the Yellowknife Lithium Project located outside the city of Yellowknife, Northwest Territories.  

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

YLP-0087: 21 m at 1.12% Li 2 O, (Ki)

including: 11 m at 1.70% Li 2 O

 

YLP-0091: 17 m at 1.28% Li 2 O, (Shorty)

and: 16 m at 1.01% Li 2 O

including: 5 m at 1.55% Li 2 O

 

YLP-0085: 13 m at 1.34% Li 2 O, (BIG East)

and: 8 m at 0.86% Li 2 O

and: 4 m at 1.47% Li 2 O

and: 3 m at 1.09% Li 2 O

 

YLP-0084: 10 m at 1.58% Li 2 O, (BIG East)

and: 4 m at 1.44% Li 2 O

and: 6 m at 1.19% Li 2 O

Francis MacDonald, CEO of LIFT comments, “Drill intersects from this week’s results at Ki are the widest to date with excellent grades. The northern portion of Shorty, where two arms of the pegmatite have been structurally juxtaposed, has benefits from an open pit mining perspective. BIG East continues to deliver excellent widths in grades across the pegmatite dyke system. We continue to be pleased with the consistency of excellent drill intersects produced across the YLP portfolio.”

LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada.

Shares are trading up 4 cents at $5.70

Industry Competitors: Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI) and Piedmont Lithium (NASDAQ: PLL)