The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
More than half of 30,000 meters in 188 holes remain pending North of 60 Mining News – October 20, 2023
With a 45,000-meter drill program to unlock the potential of the Yellowknife Pegmatite Province, Li-FT Power has charged full bore into exploring this slumbering hard rock lithium project east of Northwest Territories' capital.
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Li-FT Power Ltd. Oct. 17 announced the next batch of assays from the company's Yellowknife Lithium project in Northwest Territories, with results from holes drilled at Fi Southwest, Fi Main, and the BIG East pegmatites.
Consisting of 11 properties that cover some of the most prospective targets within the growing Yellowknife Pegmatite Province, the Yellowknife Lithium project is a 9,600-square-kilometer (3,700 square miles) area east of NWT's capital city.
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 has been rolling out assays from these targets consistently for the last several weeks.
Just last week, the company announced five holes from its BIG East and Shorty targets. Highlights from this announcement include:
• 17 meters averaging 1.28% lithium oxide from a depth of 42 meters in hole YLP0050 (Shorty).
• 15 meters averaging 1.27% lithium oxide from 29 meters in YLP0052 (BIG East).
• 37 meters averaging 1.22% lithium oxide from 180 meters in YLP0054 (Fi Southwest).
• 10 meters averaging 1.14% lithium oxide from 48 meters in YLP0055 (Shorty).
• Eight meters averaging 1.07% lithium oxide from 21 meters and nine meters averaging 1.36% lithium oxide from 58 meters in YLP0056 (BIG East).
• 16 meters averaging 1.24% lithium oxide from 43 meters in YLP0062 (Fi Southwest).
YLP0054 and YLP0061 tested Fi Southwest, a 25- to 30-meter-wide dyke that dips to the east-southeast and extends from at least 900 meters on surface and 200 meters downdip. Both holes were drilled on the same section located approximately 250 meters south of the dykes' northern tip.
The company states no significant results came from 0061.
YLP0062, which was collared 100 meters north of 0057 and was aimed at testing the Fi Main dyke, returned a single 16-meter-thick interval of pegmatite.
Drilling on BIG East, YLP0058 was designed to test the BIG East pegmatite swarm, which comprises a 35- to 80-meter-wide corridor of parallel-trending dykes.
Collared approximately 200 meters from its northern end and 100 meters vertically beneath the surface, drilling intersected five dykes over 76 meters of core length, with individual dykes ranging from one to 12 meters in length and summing a combined width of 32 meters.
"Fi Southwest continues to deliver wide intersects with excellent grades to a vertical depth of 150 meters," said Li-FT Energy CEO Francis MacDonald. "BIG East has delivered another great result with the two branches of the dyke system totalling greater than 20 meters of dyke material at consistent grades. Fi Main has more variable grades but continues to expand in terms of overall tonnage."
Assays remain pending for more than half the 30,000 meters completed in 188 holes drilled this year at Yellowknife. Considering the consistent grades typically ranging between 1% and 1.5%, each announcement should bolster the confidence of this hard rock lithium source as a valuable future domestic supply for clean, renewable technologies.
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