Li-FT Power Ltd. (CSE: LIFT | OTC: LIFFF | Frankfurt: WS0) has unveiled the first assay results from its Yellowknife lithium project (YLP) in the Northwest Territories of Canada. These results stem from the first five drill holes at the Fi Southwest pegmatite at Yellowknife and reveal high-grade lithium spodumene widths and grades similar to previous historical reports.
“We are very encouraged with these first drill results at the Yellowknife lithium project. The widths and grades of lithium and spodumene intersected in these holes are similar to what was historically reported in the 1950s to 1980s,” commented Francis MacDonald, Li-FT CEO.
“Eight different pegmatites will be drilled this summer with 45,000m of drilling that will utilize six drill rigs. We look forward to reporting additional results in the coming weeks and month. We believe that these initial drill results show that the YLP has excellent potential to become one of the next destinations in North America to define significant spodumene resources.”
The initial assays corresponding with historical data boost confidence in the ongoing exploration efforts and provide essential context to the current findings.
Key results include:
- Hole YLP0001, with 1.3% lithium oxide over 35m, including 1.58% over 27m
- Hole YLP0003 returned 1.43% lithium oxide over 39m, including 1.57% over 35m
- Hole YLP0004 yielded 1.39% lithium over 33m, including 1.55% over 39m
Drill results have confirmed spodumene mineralization over 320m of strike length, to a depth of approximately 150m from surface at the Fi Southwest dyke which remains open in all directions. Drilling is ongoing on the remainder of the dyke, which is currently testing a total of 1,100m of strike-length to a depth of 250m. To date, 9,246m of drilling have been completed over 56 drill holes.
For further information, please visit: www.li-ft.com
To read more articles like this, please visit: www.theassay.com/news
