Highlights:
- YLP-0141: 27 m at 1.26% Li2O, (
Fi Main ) - YLP-0147: 22 m at 1.53% Li2O, (
Fi Main ) - YLP-0142: 10 m at 1.47% Li2O, (Nite)
- YLP-0140: 5 m at 1.14% Li2O, (BIG-West)
Discussion of Results
This week’s drill results are for eight holes drilled on three different pegmatite complexes, including
Figure 1 – Location of LIFT’s
Fi Main Pegmatite
The
YLP-0141 tested the Fi Main pegmatite approximately 400 m from its northern mapped extent and 50 m vertically beneath the surface. Drilling at this site intersected a single 30 m wide pegmatite dyke that returned an assay composite of 1.26% Li2O over 27 m.
YLP-0147 was collared 200 m north of YLP-0141 to test the Fi Main pegmatite approximately 200 m from its mapped northern extent and 50 m vertically beneath the surface. Drilling intersected five pegmatite dykes over 83 m of core length, including a 28 m wide dyke and four 1-3 m wide dykes for a cumulative pegmatite width of 36 m. The thick dyke returned an assay composite of 1.53% Li2O over 22 m whereas the four thin dykes returned negligible grade (Table 1 and 2, Figures 2, 3 & 4).
Figure 2 – Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press release.
Figure 3 – Cross-section illustrating YLP-0141 with results as shown in the Fi Main pegmatite dyke with a 27 m interval of 1.26% Li2O.
Figure 4 – Cross-section illustrating YLP-0147 with results as shown in the Fi Main pegmatite dyke with a 22 m interval of 1.53% Li2O.
Nite Pegmatite
The Nite pegmatite complex comprises a north-northeast trending corridor of parallel-trending dykes that is exposed for at least 1,400 m of strike length, ranges from 10-200 m wide, and dips approximately 50°-70° degrees to the east.
YLP-0142 was designed to test the Nite pegmatite approximately 650 m from its southern mapped extent at 50 m vertically beneath the surface. Drilling intersected seven pegmatite dykes over 83 m of core length, comprising a 12 m wide dyke in addition to six 1-5 m wide dykes for cumulative pegmatite width of 29 m. The wider dyke returned an assay composite of 1.47% Li2O over 10 m whereas all six thinner dykes returned negligible grade (Table 1 & 2, Figures 5 & 6).
Figure 5 – Plan view showing the surface expression of the Nite pegmatite with diamond drill hole reported in this press release.
Figure 6 – Cross-section of YLP-0142 which intersected the Nite pegmatite dyke with a 10 m interval of 1.47% Li2O.
BIG West Pegmatite
The BIG West pegmatite complex comprises a northeast-trending corridor of parallel-trending dykes that is exposed for at least 1,500 m along strike and is steeply west dipping to subvertical. The complex is bound by two relatively continuous dykes that are approximately 50-100 m apart in the northern part of the complex and just under 150 m apart in the southern part. To facilitate description for drilling in the southern part of the complex, these dykes are referred to as the east bounding (EB) and west bounding (WB) dykes.
YLP-0140 tested the BIG West pegmatite (both EB and
YLP-0143 was designed to test the EB dyke approximately 100 m from its southern mapped extent and 50 m vertically beneath the surface. Drilling intersected a single 5 m wide pegmatite that returned negligible grade.
YLP-0146 was collared 50 m north of YLP-043 to test the EB dyke approximately 150 m from its southern mapped extent and 50 m vertically beneath the surface. Drilling intersected a 13 m wide pegmatite that returned an assay composite of 0.52% Li2O over 12 m, including 0.85% Li2O over 3 m.
YLP-0144 was drilled to test the
YLP-0156 was collared 100 m north of YLP-0144 to test the
Figure 7 – Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press release.
Table 1 – Assay highlights for drill holes reported in this press release.
Hole No. | From (m) | To (m) | Interval (m) | Li2O% | Dyke |
YLP-0140 | 64 | 69 | 5 | 1.14 | BIG West |
YLP-0141 | 52 | 79 | 27 | 1.26 | |
YLP-0142 | 81 | 91 | 10 | 1.47 | Nite |
YLP-0143 | No significant results | BIG West EB | |||
YLP-0144 | No samples taken | BIG West WB | |||
YLP-0146 | 50 | 62 | 12 | 0.52 | BIG West EB |
Inc | 58 | 61 | 3 | 0.85 | BIG West EB |
YLP-0147 | 64 | 86 | 22 | 1.53 | |
YLP-0156 | 53 | 56 | 3 | 0.52 | BIG West WB |
and | 87 | 90 | 3 | 0.61 | BIG West WB |
Drilling Progress Update
The Company has concluded its 2023 drill program at the
General Statements
All eight holes described in this news 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. A collar header table is provided below.
Mineralogical characterization for the YLP- pegmatites is in progress through hyperspectral core scanning and X-ray diffraction work. Visual core logging indicates that the predominant host mineral is spodumene.
Table 2 - Drill collars table of reported drill holes in this press release
Drill Hole | NAD83 | Easting | Northing | Elevation (m) | Azimuth (°) | Dip (°) | Depth (m) | Dyke |
YLP-0140 | Zone 11 | 654,055 | 6,933,523 | 202 | 118 | 45 | 90 | BIG West |
YLP-0141 | Zone 12 | 371,796 | 6,941,772 | 253 | 95 | 45 | 105 | |
YLP-0142 | Zone 11 | 647,449 | 6,936,232 | 215 | 300 | 45 | 117 | Nite |
YLP-0143 | Zone 11 | 653,839 | 6,932,843 | 208 | 298 | 45 | 101 | BIG West |
YLP-0144 | Zone 11 | 653,658 | 6,933,055 | 209 | 118 | 45 | 23 | BIG West |
YLP-0146 | Zone 11 | 653,861 | 6,932,893 | 209 | 298 | 45 | 101 | BIG West |
YLP-0147 | Zone 12 | 371,797 | 6,941,977 | 252 | 98 | 45 | 103.5 | |
YLP-0156 | Zone 11 | 653,700 | 6,933,146 | 211 | 118 | 45 | 113 | BIG West |
QA/QC & Core Sampling Protocols
All drill core samples were collected under the supervision of LIFT employees and contractors. Drill core was transported from the drill platform to the core processing facility where it was logged, photographed, and split by diamond saw prior to being sampled. Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Field duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups of samples were placed in large bags, sealed with numbered tags in order to maintain a chain-of-custody, and transported from LIFT’s core logging facility to
Sample preparation and analytical work for this drill program were carried out by ALS. Samples were prepared for analysis according to ALS method CRU31: individual samples were crushed to 70% passing through 2 mm (10 mesh) screen; a 1,000-gram sub-sample was riffle split (SPL-21) and then pulverized (PUL-32) such that 85% passed through 75 micron (200 mesh) screen. A 0.2-gram sub-sample of the pulverized material was then dissolved in a sodium peroxide solution and analysed for lithium according to ALS method ME-ICP82b. Another 0.2-gram sub-sample of the pulverized material was analysed for 53 elements according to ALS method ME-MS89L. All results passed the QA/QC screening at the lab, all inserted standards and blanks returned results that were within acceptable limits.
Qualified Person
The disclosure in this news release of scientific and technical information regarding LIFT’s mineral properties has been reviewed and approved by
LIFT Receives Approval to Amend Land Use Permit & Water Licenses for the
LIFT is pleased to announce that it received approval for amendments to its Land Use Permit and Water licenses for the
About LIFT
LIFT is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in
For further information, please contact:
Chief Executive Officer Tel: + 1.604.609.6185 Email: info@li-ft.com Website: www.li-ft.com | Investor Relations Tel: +1.604.609.6185 Email: investors@li-ft.com |
Cautionary Statement Regarding Forward-Looking Information
Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release.
Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed on
Neither the
Figures accompanying this announcement are available at:
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7740f795-a858-4986-a5c4-857174ef579f
Figure 1
Location of LIFT’s Yellowknife Lithium Project . Drilling has been thus far focused on the Road Access Group of pegmatites which are located to the east of the city of Yellowknife along a government-maintained paved highway, as well as the Echo target in the Further Afield Group .
Figure 2
Plan view showing the surface expression of the Fi Main pegmatite with diamond drill holes reported in this press release.
Figure 3
Cross-section illustrating YLP-0141 with results as shown in the Fi Main pegmatite dyke with a 27 m interval of 1.26% Li2O.
Figure 4
Cross-section illustrating YLP-0147 with results as shown in the Fi Main pegmatite dyke with a 22 m interval of 1.53% Li2O.
Figure 5
Plan view showing the surface expression of the Nite pegmatite with diamond drill hole reported in this press release.
Figure 6
Cross-section of YLP-0142 which intersected the Nite pegmatite dyke with a 10 m interval of 1.47% Li2O.
Figure 7
Plan view showing the surface expression of the BIG West pegmatite with diamond drill holes reported in this press release.
2024 GlobeNewswire, Inc., source