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Li-FT powering through another campaign

North of 60 Mining News – May 31, 2024

Reports latest batch of assays as it closes in on balance of planned winter drilling.

Li-FT Power Ltd. May 28 announced the next batch of assays from 13 drill holes completed at the Shorty, BIG East, Echo, Fi Main, and Ki pegmatites on the company's Yellowknife Lithium project just outside the capital of Northwest Territories, Canada.

Into its second year exploring for hard rock lithium in the nearly forgotten Yellowknife Pegmatite Province, Li-FT powered through its first year with 34,238 meters of drilling in nearly 200 holes.

Keeping the momentum up, the company began its second year targeting 18,400 meters before the final assays of the previous year came in and has kept up with consistent reports nearly weekly for the last several months.

Consisting of 11 properties divided 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 – Li-FT's Yellowknife Lithium project is made up of a 141,572-hectare (349,832 acres) land package that covers some of the most prospective targets found within the YPP.

This week's result comes from 2,669 meters drilled at five different pegmatites – Echo, BIG East, Ki, Fi Main, and Shorty – during the winter program.

Li-FT Power Ltd.

Plan view of surface expression of the Echo pegmatite with all holes drilled to date.

The company is particularly excited about the results from Echo, the most advanced of the Further Afield pegmatites. Highlights Include:

15 meters averaging 1.19% lithium oxide from a depth of 83 meters in hole YLP-0281 (Echo).

17 meters averaging 1.05% Li2O from 173 meters in YLP-0285 (Echo).

"We are excited about the last hole of the Echo winter program which hit 17 meters at 1.05% Li2O, at the northwest limit of drilling," said Li-FT Power Senior Vice President of Geology Dave Smithson. "The hole intercepted a new lower spodumene-bearing dyke that does not crop out at surface and was never intercepted in the drilling to the southeast."

Currently, Li-FT has reported results from 270 diamond drill holes totaling 46,764 meters. Finishing its winter drill program at the Yellowknife Lithium project with a combined total of 286 diamond drill holes totaling 49,548 meters drilled between its last summer and winter programs, it seems the company will keep going until it has mapped out the full extent of the YPP.

"The dyke marks the identification of a total of five spodumene-bearing dykes across the Echo property to date, highlighting the system's potential for the discovery of additional hidden dykes in future follow-up drill testing."


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