Tuesday, November 14, 2023

Vancouver, British Columbia based Li-FT Power Ltd. (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) reported assays from 5 drill holes completed at the BIG East and Fi Southwest pegmatites within the Yellowknife Lithium Project located outside the city of Yellowknife, Northwest Territories. Drilling has intersected significant intervals of spodumene mineralization, with the following highlights:

YLP-0077: 22 m at 1.35% Li2O, (BIG East)

YLP-0074: 22 m at 0.82% Li2O, (BIG East)

       including: 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

According to the release, this week’s drill results are for five holes from two different pegmatite dykes, including four from the BIG East swarm (YLP-0074, 76, 77, 108) and one from Fi Southwest (YLP-0081). A table of composite calculations, some general comments related to this discussion, and a table of collar headers are provided towards the end of this section.

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

Shares are trading off 70 cents at $5.10

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