LIFT Intersects 18 m at 1.75% Li2O and 26 m at 1.02% Li2O on the BIG East pegmatite, Yellowknife Lithium Mission, NWT, The Canadian Enterprise Journal

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) — Li-FT Energy Ltd. (“LIFT” or the “Firm”) (CSE: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is happy to report assays from 5 drill holes accomplished on the BIG East and Ki pegmatites throughout the Yellowknife Lithium Mission (“YLP”) situated outdoors the town of Yellowknife, Northwest Territories (Determine 1). Drilling has intersected important intervals of spodumene mineralization, with the next highlights:

Highlights:

• YLP-0109: 18 m at 1.75% Li₂O, (BIG East)

• YLP-0068: 26 m at 1.02% Li₂O, (BIG East)
  together with: 10 m at 1.65% Li₂O
  together with: 5 m at 1.36% Li₂O

• YLP-0066: 10 m at 1.40% Li₂O, (BIG East)
  and: 10 m at 1.28% Li₂O

• YLP-0067: 12 m at 1.08% Li₂O, (Ki)
• YLP-0069: 10 m at 0.96% Li₂O, (Ki)

Francis MacDonald, CEO of LIFT feedback, “We’re happy to see extra very high-grade outcomes coming from BIG East. Final week we launched holes YLP-0092 which intersected 18 metres at 1.79% Li₂O which is situated within the southwestern portion of the dyke system. This week’s spotlight of 18 metres at 1.75% Li₂O in gap YLP-0109 is situated within the northeastern portion of the dyke swarm, virtually 500 metres away. This reveals the potential to have a number of high-grade zones throughout the BIG East pegmatite system.”

Dialogue of Outcomes

This week’s drill outcomes are for 3 holes from the BIG East pegmatite (YLP-0066, 68, 109) and the primary two holes from the Ki pegmatite (YLP-0067, 69). A desk of composite calculations and a few common feedback associated to this dialogue are supplied in direction of the top of this part.

BIG East

The BIG East pegmatite swarm includes a 35-80 m broad hall of parallel-trending dykes that dips round 55°-75° levels west and extends for at the least 1,000 metres alongside floor and 200 metres downdip.

Determine 1 – Location of LIFT’s Yellowknife Lithium Mission. Drilling is concentrated on the Street Entry Group of pegmatites that are situated to the east of the town of Yellowknife alongside a government-maintained paved freeway, in addition to the Echo goal within the Additional Afield Group.

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YLP-0066 was designed to check the BIG East swarm roughly 100 m from its northern finish and 50 vertical metres beneath the floor. Drilling intersected three, 4-14 m broad, pegmatite dykes over 41 m of core size with the decrease two returning assay intervals of 1.28% Li₂O over 10 m and 1.40% Li₂O over 10 m. The upper-most dyke returned negligible outcomes.

YLP-0109 was collared 50 m south of YLP-0066 to check BIG East pegmatite roughly 150 m from its northern finish and 50 vertical metres beneath the floor. Drilling intersected a 19 m broad dyke flanked by 1-4 m broad dykes on either side, with the thick central dyke returning 1.75% Li₂O over 18 m. No important grades had been returned from the thinner flanking dykes.

YLP-0068 was collared 550 m south of YLP-0109 to check the BIG East swarm roughly 300 m from its southern finish and 100 to 150 m vertically beneath the floor. Drilling intersected 5 pegmatite dykes over 71 m of core size from 85-166 m depth, comprising a 26 m broad central pegmatite flanked by 1-9 m broad dykes on both aspect. The central dyke returned a wall-to-wall composite of 1.02% Li₂O over 26 m that features subintervals of 1.65% Li₂O over 10 m and 1.36% Li₂O over 5 m. Outcomes from the 4 narrower flanking dykes had been insignificant. (Desk 1 and a couple of, Figures 2, 3, 4 and 5).

Ki Pegmatite

This information launch supplies the primary 2023 drilling outcomes from the Ki pegmatite dyke, which includes an roughly 20 m thick pegmatite flanked by a number of 1-5 m broad dykes. The principle dyke dips 65°-80° to the southwest and extends for at the least 600 metres on floor and 100 metres downdip (Desk 1 and a couple of, Figures 6 and seven).

YLP-0067 was drilled to check the Ki dyke roughly 225 m from its southern finish and 25 vertical metres under the floor. Drilling intersected 19 m of pegmatite from 9 to twenty-eight m core depth along with a 1 m broad flanking dyke from 30-31 metres. Assays returned 1.08% Li₂O over 12 metres whereas the flanking dyke returned insignificant grades.

YLP-0069 was collared 50 m northwest of YLP-0067 to check the Ki dyke roughly 275 m from its southern finish and 25 m vertically beneath the floor. Drilling intersected 20 m of pegmatite from 6-26 m core depth along with a 2 m flanking dyke from 29-31 m. Assays from the primary dyke returned 0.96% Li₂O over 10 m whereas the flanking dyke returned insignificant grades.

Drilling Progress Replace

At present, LIFT has reported outcomes from 72 diamond drill holes (12,689 metres). So far, 195 diamond drill holes have been accomplished (33,184 metres).

Determine 2 – Plan view displaying the floor expression of the BIG-East pegmatites with diamond drill holes reported on this press launch.

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Determine 3 – Cross-section of YLP-0109 which intersected the BIG-East pegmatite dyke with an 18 m interval of 1.75% Li₂O.

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Determine 4 – Cross-section of YLP-0068 which intersected the BIG-East pegmatite dyke with a 26 m interval of 1.02% Li₂O.

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Determine 5 – Cross-section illustrating YLP-0066 with outcomes as proven within the BIG-East pegmatite dyke with a ten m interval of 1.40% Li₂O.

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Determine 6 – Plan view displaying the floor expression of the Ki pegmatites with diamond drill holes reported on this press launch.

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Determine 7 – Cross-section illustrating YLP-0067 with outcomes as proven within the Ki pegmatite dyke with a 12 m interval of 1.08% Li₂O.

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Desk 1 – Assay highlights for drill holes reported on this press launch.

Gap No.	From (m)	To (m)	Interval (m)	Li2O%	Dyke
YLP-0066	49	59	10	1.28	BIG EAST
and	66	76	10	1.40	BIG EAST
YLP-0067	10	22	12	1.08	Ki
YLP-0068	109	135	26	1.02	BIG EAST
together with	110	120	10	1.65	BIG EAST
and together with	128	133	5	1.36	BIG EAST
YLP-0069	13	23	10	0.96	Ki
YLP-0109	45	63	18	1.75	BIG EAST

Common Statements

All 5 holes described on this information launch had been drilled broadly perpendicular to the dyke orientation in order that the true thickness of reported intercepts will vary someplace between 65-100% of the drilled widths. A collar header desk is supplied under.

Mineralogical characterization for the YLP pegmatites is in progress by way of hyper spectral core scanning and X-ray diffraction work. Visible core logging signifies that the predominant host mineral is spodumene whereas different important non-lithium bearing phases embrace quartz and feldspar.

Desk 2 – Drill collars desk of reported drill holes on this press launch

Drill Gap	Easting	Northing	Elevation (m)	Azimuth (°)	Dip (°)	Depth (m)	Dyke
YLP-0066	346,208	6,933,297	210	120	45	146	BIG EAST
YLP-0067	373,265	6,942,658	258	48	45	35	Ki
YLP-0068	345,854	6,932,811	203	120	47	181	BIG EAST
YLP-0069	373,228	6,942,692	255	60	45	45	Ki
YLP-0109	346,185	6,933,255	210	120	43	116	BIG EAST

QA/QC and Core Sampling Protocols

All drill core samples had been collected below the supervision of LIFT staff and contractors. Drill core was transported from the drill platform to the core processing facility the place it was logged, photographed, and cut up by diamond noticed previous to being sampled. Samples had been then bagged, and blanks and authorized reference supplies had been inserted at common intervals. Area duplicates consisting of quarter-cut core samples had been additionally included within the pattern runs. Teams of samples had been positioned in massive luggage, sealed with numbered tags with the intention to keep a chain-of-custody, and transported from LIFT’s core logging facility to ALS Labs (“ALS”) laboratory in Yellowknife, Northwest Territories.

Pattern preparation and analytical work for this drill program had been carried out by ALS. Samples had been ready for evaluation in keeping with ALS methodology CRU31: particular person samples had been crushed to 70% passing by way of 2 mm (10 mesh) display; a 1,000-gram sub-sample was riffle cut up (SPL-21) after which pulverized (PUL-32) such that 85% handed by way of 75 micron (200 mesh) display. A 0.2-gram sub-sample of the pulverized materials was then dissolved in a sodium peroxide answer and analysed for lithium in keeping with ALS methodology ME-ICP82b. One other 0.2-gram sub-sample of the pulverized materials was analysed for 53 components in keeping with ALS methodology ME-MS89L. All outcomes handed the QA/QC screening on the lab, all inserted requirements and blanks returned outcomes that had been inside acceptable limits.

Certified Particular person

The disclosure on this information launch of scientific and technical info concerning LIFT’s mineral properties has been reviewed and authorised by Ron Voordouw, Ph.D., P.Geo., Companion, Director Geoscience, Fairness Exploration Consultants Ltd., and a Certified Particular person as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives (NI 43-101) and member in good standing with the Northwest Territories and Nunavut Affiliation of Skilled Engineers and Geoscientists (NAPEG) (Geologist Registration quantity: L5245).

About LIFT

LIFT is a mineral exploration firm engaged within the acquisition, exploration, and improvement of lithium pegmatite initiatives situated in Canada. The Firm’s flagship challenge is the Yellowknife Lithium Mission situated in Northwest Territories, Canada. LIFT additionally holds three early-stage exploration properties in Quebec, Canada with wonderful potential for the invention of buried lithium pegmatites, in addition to the Cali Mission in Northwest Territories throughout the Little Nahanni Pegmatite Group.

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Cautionary Assertion Concerning Ahead-Wanting Info

Sure statements included on this press launch represent forward-looking info or statements (collectively, “forward-looking statements”), together with these recognized by the expressions “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “intend”, “could”, “ought to” and related expressions to the extent they relate to the Firm or its administration. The forward-looking statements usually are not historic info however replicate present expectations concerning future outcomes or occasions. This press launch incorporates ahead wanting statements. These forward-looking statements and data replicate administration’s present beliefs and are primarily based on assumptions made by and data presently obtainable to the corporate with respect to the matter described on this new launch. 

Ahead-looking statements contain dangers and uncertainties, that are primarily based on present expectations as of the date of this launch and topic to identified and unknown dangers and uncertainties that might trigger precise outcomes to vary materially from these expressed or implied by such statements. Further details about these assumptions and dangers and uncertainties is contained below “Danger Elements and Uncertainties” within the Firm’s newest annual info kind filed on March 30, 2023, which is offered below the Firm’s SEDAR+ profile at www.sedarplus.ca, and in different filings that the Firm has made and should make with relevant securities authorities sooner or later. Ahead-looking statements contained herein are made solely as to the date of this press launch and we undertake no obligation to replace or revise any forward-looking statements whether or not on account of new info, future occasions or in any other case, besides as required by legislation. We warning traders to not place appreciable reliance on the forward-looking statements contained on this press launch.

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