By Shane Lasley
Mining News
Yellowknife Lithium assays are rolling in
Latest batch from road-accessible BIG East, Shorty properties North of 60 Mining News – October 13, 2023
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Last updated 10/20/2023 at 12:12pm
Li-FT Power Ltd.
Two drill rigs test a large outcropping pegmatites on Li-FT Power's Yellowknife Lithium project in Northwest Territories.
Li-FT Power Ltd. Oct. 12 continued its steady stream of assays from the 2023 drilling on its Yellowknife Lithium project in Northwest Territories, with results from holes testing the BIG East and Shorty pegmatites.
Yellowknife Lithium consists of 11 properties that cover some of the most prospective targets within the Yellowknife Pegmatite Province, a 9,600-square-kilometer (3,700 square miles) area east of the NWT capital city. Li-FT has divided these properties into two groups – five in a road-accessible area immediately east of Yellowknife and a cluster of six about 50 kilometers (30 miles) further east.
The latest batch of results is from five holes drilled on the road-accessible BIG East and Shorty properties.
Highlights from this latest batch of assays include:
• 17 meters averaging 1.28% lithium oxide from a depth of 42 meters in hole YLP0050 (Shorty).
• 15 meters averaging 1.27% lithium oxide from a depth of 29 meters in hole YLP0052 (BIG East).
• 10 meters averaging 0.76% lithium oxide from a depth of 71 meters, five meters averaging 0.9% lithium oxide from 96 meters, and 21 meters averaging 1.08% lithium oxide from 117 meters in hole YLP0053 (BIG East).
Li-FT Power Ltd.
Drills cut across multiple branches of pegmatite at BIG East.
• 17 meters averaging 1.14% lithium oxide from a depth of 48 meters in hole YLP0055 (Shorty).
• Eight meters averaging 1.07% lithium oxide from a depth of 21 meters and nine meters averaging 1.36% lithium oxide from a depth of 58 meters in hole YLP0056 (BIG East).
So far, Li-FT has completed 28,376 meters of drilling in 179 holes at its Yellowknife Lithium project this year; assays are pending for 121 of those holes.
In addition to drilling, the company has collected 8,933 kilograms of bulk sample material from eight pegmatites for preliminary metallurgical testing.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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