Li-FT reports excellent results from Ki

Li-FT Power Ltd. Jan. 30 and Feb. 6 announced two more batches of assays from its 2023 drilling at the Yellowknife Lithium Project in Northwest Territories, Canada, with both continuing to highlight the strong consistency of its hard rock lithium deposits.

While awaiting the results from an additional 24 holes from last year's 198-hole drill campaign, Li-FT has set drills turning once more, starting its 2024 winter program Jan. 29, aiming for 18,600 meters in 100 holes, targeting six of its most prospective targets.

"We are excited to have the drills turning again for the winter program at our Yellowknife Lithium Project," said Li-FT Power CEO Francis MacDonald. "This winter's program will focus on resource expansion, stepping outwards from spodumene mineralization defined in our summer 2023 program."

Ideally, a mineral exploration company would have all its previous year's assays in hand before initiating a new program, as it provides a comprehensive understanding of the geological characteristics and mineralization patterns in the area being explored. This information is crucial for making informed decisions about the location, depth, and orientation of future drill holes.

By analyzing all available assay results together, an exploration company can identify trends, potential mineral deposits, and areas of interest, thus optimizing the efficiency and effectiveness of subsequent drilling.

However, Li-FT is in a unique position where the geological structures that outline potential lithium at the historic Yellowknife Pegmatite Province are mostly exposed and given the 150-plus results it has received so far, it is evident the company felt confident in its analysis of the project without the remaining assays.

Just after announcing the start of its winter drilling, Li-FT reported a batch of eight results completed from the BIG West, Nite, and Ki pegmatites.

As has been seen from previous results, drilling returned significant intervals of spodumene mineralization; highlights include:

• 23 meters averaging 1.25% lithium oxide from a depth of 61 meters in hole YLP-0165 (Ki).

• 13 meters averaging 1.27% Li2O from 64 meters in YLP-0150 (BIG West).

• 9.5 meters averaging 1.36% Li2O from surface in YLP-0166 (BIG West).

• Nine meters averaging 1.02% Li2O from 59 meters in YLP-0158 (BIG West).

• Nine meters averaging 1.1% Li2O from 172 meters in YLP-0157 (Nite).

"This week we have released an excellent result from the Ki pegmatite," MacDonald said on Jan. 31. "Hole YLP-0165 is one of the better holes to date in terms of grade x thickness. The Ki pegmatite will be one of the focuses for the winter drill program and we plan to systematically step out from current drilling along untested spodumene-bearing outcrops to the northwest of drilling completed to date."

The latest batch of drill results come from 10 holes drilled on the same targets from last week's announcement – Big West, Nite, and Ki.

Highlights from the latest round of assays include:

• 13 meters averaging 1.11% lithium oxide from a depth of 47 meters in hole YLP-0184 (Ki)

• 12 meters averaging 1.21% Li2O from 194 meters in YLP-0171 (Ki).

• Five meters averaging 1.24% Li2O from 64 meters in YLP-0152 (Nite).

"Hole YLP-0184 at the Ki pegmatite is located 500 meters to the northwest of any drilling to date," said the lithium explorer CEO. "This hole confirms that spodumene mineralization is present in drilling over 900 meters of strike length at Ki."

With Ki being on the pipeline for the 2024 season, it is likely that the full extent of this target, as well as many others, will continue to be mapped out in this underexplored northern region.

"We look forward to drilling additional meters at Ki in the winter 2024 drill program to keep stepping out along strike and down dip of mineralization intersected to date," finished MacDonald.