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Li-FT wraps drilling at Yellowknife Lithium

Latest assays still amounts less than 50% of pending results North of 60 Mining News - November 22, 2023

Li-FT Power Ltd. Nov. 21 announced the latest batch of assays from its 2023 exploration program, as well as the end of the year's 34,238-meter drill program at its Yellowknife Lithium project in Northwest Territories.

Including this latest batch of assays, Li-FT has reported results from 87 out of 198 holes drilled at Yellowknife this year.

Much like past results, the latest round comes from five holes drilled at the Ki, Shorty, and BIG East pegmatites. Of these, one returned from Ki has the company pleasantly surprised.

Highlights from these holes include:

14 meters averaging 1.5% lithium oxide from a depth of eight meters in hole YLP-0080 (Ki).

10 meters averaging 1.75% Li2O from eight meters in YLP0089 (Shorty), with two deeper intervals of five meters averaging 1.15% Li2O from 18 meters, and three meters averaging 1.51% Li2O from 88 meters.

10 meters averaging 1.45% Li2O from 60 meters and 14 meters averaging 1.16% Li2O from 80 meters in YLP-0086 (BIG East).

15 meters averaging 1.07% Li2O from 10 meters in YLP-0082 (Shorty).

"We are pleased with the high-grade intersection of 14 meters at 1.50% lithium oxide returned from the Ki pegmatite in this release," said Li-FT Power CEO Francis MacDonald. "Previous drilling at Ki was returning grades averaging around 0.90% lithium oxide, so this increase in grade is a welcome surprise. BIG East and Shorty continue to deliver excellent results as well."

Li-FT adds that all five holes for this release were drilled broadly perpendicular to the dyke orientation so that the true thickness of reported intercepts will range somewhere between 65-100% of the drilled widths.

With the company wrapping up drilling for the year, a backlog of over 100 holes remains to be reported. Although the company did not reach its target of 45,000 meters, there is plenty to look forward to as assays will most assuredly roll into the next year.


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