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![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.](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2023/11/figure-1-17.jpeg?quality=90&strip=all&w=288&h=216&sig=OoYANS7SBTRn5xrVW4E8sQ)
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VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) — Li-FT Energy Ltd. (“LIFT” or the “Firm”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt:
WS0) is happy to report assays from 5 drill holes accomplished on the BIG East and Fi Southwest pegmatites throughout the Yellowknife Lithium Challenge (“YLP”) positioned exterior town of Yellowknife, Northwest Territories (Determine 1). Drilling has intersected vital intervals of spodumene mineralization, with the next highlights:
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Highlights:
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- YLP-0077: 22 m at 1.35% Li2O, (BIG East)
- YLP-0074: 22 m at 0.82% Li2O, (BIG East)
together with: 10 m at 1.35% Li2O - YLP-0108: 15 m at 1.28% Li2O, (BIG East)
and: 14 m at 1.27% Li2O - YLP-0076: 5 m at 1.38% Li2O, (BIG East)
and: 4 m at 1.04% Li2O
and: 3 m at 1.15% Li2O
and: 1 m at 1.33% Li2O
and: 4 m at 1.00% Li2O - YLP-0081: 10 m at 0.98% Li2O, (Fi-Southwest)
and: 3 m at 1.20% Li2O
and: 3 m at 1.33% Li2O
Dialogue of Outcomes
This week’s drill outcomes are for 5 holes from two totally different pegmatite dykes, together with 4 from the BIG East swarm (YLP-0074, 76, 77, 108) and one from Fi Southwest (YLP-0081). A desk of composite calculations, some common feedback associated to this dialogue, and a desk of collar headers are supplied in the direction of the tip of this part.
Determine 1 – Location of LIFT’s Yellowknife Lithium Challenge. Drilling has been to this point centered on the Street Entry Group of pegmatites that are positioned to the east of town of Yellowknife alongside a government-maintained paved freeway, in addition to the Echo goal within the Additional Afield Group.
https://www.globenewswire.com/NewsRoom/AttachmentNg/46a39fdf-bbed-452a-a3dd-42a980bb5a5e
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BIG East Pegmatite
The BIG East pegmatite swarm contains a 35-90 m broad hall of parallel-trending dykes that dips round 55°-75° levels west and extends for at the least 1,100 m alongside floor and 200 m downdip.
YLP-0074 was designed to check the BIG East swarm simply 50 m south of the dyke swarm’s northern mapped extent and 25 m vertically beneath the floor. Drilling intersected two pegmatite dykes in 33 m of core, with first dyke intercepted over 4 m and the second 22 m however together with three 1-2 m broad septa of metasedimentary nation rock. Assays from the decrease dyke returned 0.82% Li2O over 22 m, together with an interval of 1.35% Li2O over 10 m.
YLP-0076 was drilled 600 m south of YLP-0074 to check the BIG East swarm some 550 m from its southern mapped extent and 50 to 100 m vertically beneath the floor. Drilling intersected eight, 2-8 m broad pegmatite dykes which might be separated by at the least 3 m of nation rock and sum as much as a complete 37 m of pegmatite or roughly 40% of the 90 m interval. 5 of those dykes returned assay composites between 1.00-1.38% Li2O over core widths of 1-5 m; one returned 0.55% Li2O over 5 m, and the 2 narrowest dykes, which bookend this 90 m interval, returned negligible grades.
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YLP-0077 was drilled roughly midway between YLP-0074 and YLP-0076, roughly 300 m from the northern finish of the BIG East swarm and examined 150-200 m under the floor. Drilling intersected two dykes over 39 m of drill core, with the higher intercept roughly 4 m broad and the decrease dyke 25 m. Assay outcomes for the decrease dyke returned a composite of 1.35% Li2O over 22 m whereas the higher dyke returned 1 m of 0.47% Li2O and in any other case negligible outcomes.
YLP-0108 was drilled between YLP-0076 and YLP-0077 to check the BIG East swarm roughly 550 m from its northern mapped extent and 75 m vertically under the floor. Drilling once more intersected two dykes over 39 m of drill core, with the higher dyke roughly 14 m broad and the decrease one 17 m. Assay outcomes for the higher dyke returned a composite of 1.27% Li2O over 14 m whereas the decrease dyke returned 1.28% Li2O over 15 m (Desk 1 and a pair of, Figures 2, 3 & 4).
Determine 2 – Plan view exhibiting the floor expression of the BIG-East pegmatite with diamond drill holes reported on this press launch.
https://www.globenewswire.com/NewsRoom/AttachmentNg/af3fb791-7df4-4cbc-a960-3a957b290d63
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Determine 3 – Cross-section of YLP-0077 which intersected the BIG-East pegmatite dyke with a 22 m interval of 1.35% Li2O.
https://www.globenewswire.com/NewsRoom/AttachmentNg/819c3360-7f8c-4357-9e5a-b8d6db2936a5
Determine 4 – Cross-section of YLP-0108 which intersected the BIG-East pegmatite dyke with a 15 m interval of 1.28% Li2O.
https://www.globenewswire.com/NewsRoom/AttachmentNg/cf7d524b-e866-4cf3-874d-0c620ab4597c
Fi Southwest Pegmatite
The Fi Southwest (SW) pegmatite is one in all a number of dykes occurring inside an extended and wider north-northeast putting dyke hall. The Fi-SW dyke itself is 25-30 m broad, dips 60°-80° to the east-southeast and extends for at the least 1,100 m on floor and 200 m downdip.
YLP-0081 was drilled to check the Fi-SW pegmatite 50 m from its identified northern finish and 150-200 m vertically under the floor. Drilling intersected three, 5-14 m broad, pegmatite dykes over 39 m of core size, for cumulative pegmatite thickness of twenty-two m (or 56% of this interval). Assay composites from the upper- to lower-most dyke embody, respectively, 1.20% Li2O over 3 m, 1.33% Li2O over 3 m, and 0.98% Li2O over 10 m (Desk 1 and a pair of, Figures 5 & 6).
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Determine 5 – Plan view exhibiting the floor expression of the Fi-SW pegmatite with diamond drill holes reported on this press launch.
https://www.globenewswire.com/NewsRoom/AttachmentNg/0b098144-12ac-4893-9b21-1fa5dabd2e17
Determine 6 – Cross-section illustrating YLP-0081 with outcomes as proven within the Fi-SW pegmatite dyke with a ten m interval of 0.98% Li2O.
https://www.globenewswire.com/NewsRoom/AttachmentNg/25ef2e3b-32a5-4fb2-919d-851c406b2663
Desk 1 – Assay highlights for drill holes reported on this press launch.
Gap No. | From (m) | To (m) | Interval (m) | Li2O% | Dyke |
YLP-0074 | 18 | 40 | 22 | 0.82 | BIG East |
Together with | 20 | 30 | 10 | 1.35 | BIG East |
YLP-0076 | 70 | 75 | 5 | 1.38 | BIG East |
and | 82 | 86 | 4 | 1.04 | BIG East |
and | 92 | 95 | 3 | 1.15 | BIG East |
and | 100 | 101 | 1 | 1.33 | BIG East |
and | 114 | 118 | 4 | 1.00 | BIG East |
YLP-0077 | 212 | 234 | 22 | 1.35 | BIG East |
YLP-0081 | 200 | 203 | 3 | 1.20 | Fi-SW |
and | 213 | 216 | 3 | 1.33 | Fi-SW |
and | 224 | 234 | 10 | 0.98 | Fi-SW |
YLP-0108 | 67 | 81 | 14 | 1.27 | BIG East |
and | 90 | 105 | 15 | 1.28 | BIG East |
Drilling Progress Replace
Presently, LIFT has reported outcomes from 82 diamond drill holes (14,451 m). The Firm concluded its preliminary drill program on the Yellowknife Lithium Challenge with 198 diamond drill holes accomplished (34,238 m).
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Common Statements
All 5 holes described on this information launch had been drilled broadly perpendicular to the dyke orientation in order that the true thickness of reported intercepts will vary someplace between 65-100% of the drilled widths. A collar header desk is supplied under.
Mineralogical characterization for the YLP pegmatites is in progress via hyperspectral core scanning and X-ray diffraction work. Visible core logging signifies that the predominant host mineral is spodumene whereas different vital non-lithium bearing phases embody quartz and feldspar.
Desk 2 – Drill collars desk of reported drill holes on this press launch
Drill Gap | Easting | Northing | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) | Dyke |
YLP-0074 | 346,281 | 6,933,311 | 212 | 120 | 45 | 86 | BIG East |
YLP-0076 | 345,892 | 6,932,836 | 204 | 113 | 45 | 173 | BIG East |
YLP-0077 | 345,939 | 6,933,226 | 208 | 120 | 47 | 329 | BIG East |
YLP-0081 | 371,564 | 6,941,035 | 250 | 295 | 68 | 318 | Fi-SW |
YLP-0108 | 345,942 | 6,932,932 | 203 | 120 | 48 | 139 | BIG East |
QA/QC and Core Sampling Protocols
All drill core samples had been collected below the supervision of LIFT workers and contractors. Drill core was transported from the drill platform to the core processing facility the place it was logged, photographed, and break up by diamond noticed previous to being sampled. Samples had been then bagged, and blanks and licensed reference supplies had been inserted at common intervals. Discipline duplicates consisting of quarter-cut core samples had been additionally included within the pattern runs. Teams of samples had been positioned in massive baggage, sealed with numbered tags to keep up a chain-of-custody, and transported from LIFT’s core logging facility to ALS Labs (“ALS”) laboratory in Yellowknife, Northwest Territories.
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Pattern preparation and analytical work for this drill program had been carried out by ALS. Samples had been ready for evaluation in line with ALS methodology CRU31: particular person samples had been crushed to 70% passing via 2 mm (10 mesh) display; a 1,000-gram sub-sample was riffle break up (SPL-21) after which pulverized (PUL-32) such that 85% handed via 75-micron (200 mesh) display. A 0.2-gram sub-sample of the pulverized materials was then dissolved in a sodium peroxide resolution and analysed for lithium in line with ALS methodology ME-ICP82b. One other 0.2-gram sub-sample of the pulverized materials was analysed for 53 components in line with ALS methodology ME-MS89L. All outcomes handed the QA/QC screening on the lab, all inserted requirements and blanks returned outcomes that had been inside acceptable limits.
Certified Particular person
The disclosure on this information launch of scientific and technical data concerning LIFT’s mineral properties has been reviewed and authorised by Ron Voordouw, Ph.D., P.Geo., Associate, Director Geoscience, Fairness Exploration Consultants Ltd., and a Certified Particular person as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (NI 43-101) and member in good standing with the Northwest Territories and Nunavut Affiliation of Skilled Engineers and Geoscientists (NAPEG) (Geologist Registration quantity: L5245).
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About LIFT
LIFT is a mineral exploration firm engaged within the acquisition, exploration, and growth of lithium pegmatite tasks positioned in Canada. The Firm’s flagship mission is the Yellowknife Lithium Challenge positioned in Northwest Territories, Canada. LIFT additionally holds three early-stage exploration properties in Quebec, Canada with glorious potential for the invention of buried lithium pegmatites, in addition to the Cali Challenge in Northwest Territories throughout the Little Nahanni Pegmatite Group.
For additional data, please contact:
Cautionary Assertion Concerning Ahead-Trying Data
Sure statements included on this press launch represent forward-looking data or statements (collectively, “forward-looking statements”), together with these recognized by the expressions “anticipate”, “consider”, “plan”, “estimate”, “anticipate”, “intend”, “might”, “ought to” and related expressions to the extent they relate to the Firm or its administration. The forward-looking statements will not be historic details however replicate present expectations concerning future outcomes or occasions. This press launch comprises ahead wanting statements. These forward-looking statements and knowledge replicate administration’s present beliefs and are primarily based on assumptions made by and knowledge presently accessible to the corporate with respect to the matter described on this new launch.
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Ahead-looking statements contain dangers and uncertainties, that are primarily based on present expectations as of the date of this launch and topic to identified and unknown dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied by such statements. Extra details about these assumptions and dangers and uncertainties is contained below “Danger Components and Uncertainties” within the Firm’s newest annual data type filed on March 30, 2023, which is on the market below the Firm’s SEDAR+ profile at www.sedarplus.ca, and in different filings that the Firm has made and should make with relevant securities authorities sooner or later. Ahead-looking statements contained herein are made solely as to the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements whether or not on account of new data, future occasions or in any other case, besides as required by regulation. We warning traders to not place appreciable reliance on the forward-looking statements contained on this press launch.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch.
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