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By A.J. Roan
Mining News 

Home stretch for 2023 Li-FT drill assays

North of 60 Mining News - February 16, 2024


Last updated 2/25/2024 at 6:50am

Results impress with high-grade lithium at Nite.

Li-FT Power Ltd. Feb. 13 announced the next eight holes from its Yellowknife Lithium Project in Northwest Territories, Canada, bringing the total reported to 182 out of the 198 drilled last year.

Despite kicking off its 2024 season before receiving remaining assays from 2023, the volume of data already received from last year's expansive drill campaign gave the company a clear enough picture to get a head start in another impressively sized 2024 winter program, aiming for 18,600 meters between six of its more prospective targets.

"Our intent for the 2024 winter program is to systematically drill off six of the spodumene pegmatites in our portfolio to 100 meters by 100-meter centers," said Li-FT Power CEO Francis MacDonald. "The planned meterage is focused in areas that we feel will add the most tonnage for the least number of drilled meters."

Li-FT Power Ltd.

Plan view showing the surface expression of the Nite pegmatite with latest reported holes.

This week's drill results come from four holes drilled at the BIG West pegmatite, two at Nite, and two at Ki.

Key highlights from this round of drilling include:

Seven meters averaging 0.67% lithium oxide in hole YLP-0172 (BIG West).

Five meters averaging 0.77% Li2O in YLP-0173 (BIG West).

10 meters averaging 0.56% Li2O in YLP-0176 (BIG West).

11meters averaging 1.52% Li2O in YLP-0177 (Nite).

12 meters averaging 0.64% Li2O in YLP-0179 (Ki).

Li-FT Power Ltd.

Cross-section illustrating YLP-0177, with results as shown in the Nite pegmatite dyke and its 11-meter interval of 1.52% Li2O.

"This week's results show the high-grade nature of the Nite pegmatite," said MacDonald. "11 meters at 1.52% Li2O is an excellent result and shows that there is further potential along strike to the southwest and downdip at the Nite pegmatite."

YLP-0177 was drilled to test Nite approximately 600 meters from its southern mapped extent and 100 to 150 meters beneath surface. Two previously released holes drilled on the same section returned similar grades between 1.4 to 1.5% Li2O over 10 to 11 meters, so the returns from 0177 give Li-FT confidence of potential further southwest and downdip.

Plugging in the final gaps of data, a completed picture should be made in the coming weeks with its likely two last batches to be reported. From this, despite drills already turning, adjustments could possibly be made if a particularly interesting intercept comes back.

Nevertheless, the strong consistency between its pegmatite complexes represents a growing resource at the historic Yellowknife Pegmatite Province, one that Li-FT is eager to cultivate.


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