From GlobeNewswire: 2024-05-07 03:05:00

Li-FT Power Ltd. (LIFT) updates on Cali Lithium Project, reporting a larger-than-anticipated spodumene pegmatite dyke system from surface work in 2023. Out of 163 grab samples collected, 124 showed grades exceeding 1.0% Li2O. The Cali Project in Northwest Territories is poised for significant lithium resource potential based on soil geochemistry and rock sampling results. CEO Francis MacDonald expresses excitement over the program’s results, highlighting the discovery of additional pegmatite corridors. Clay Lithium Project disclosed as located in the Mackenzie Mountains on the Northwest Territories-Yukon border within the Little Nahanni Pegmatite Group, which is estimated to be 82 million years old and hosts multiple pegmatite dikes. Past evidence suggests the area is well-suited for a spodumene resource. Rock and soil samples collected under strict protocols from Li-FT employees and contractors, then analyzed by ALS Global laboratory in Whitehorse, Yukon. The protocol involved the analysis of a variety of elements, ensuring accuracy and quality control. Ron Voordouw, Ph.D., P.Geo., from Equity Exploration Consultants Ltd., reviewed and approved the scientific and technical information concerning Li-FT’s mineral properties. LIFT focuses on lithium pegmatite exploration projects in Canada, with their Yellowknife Lithium Project in Northwest Territories as the flagship. Additional early-stage properties in Quebec complement the Cali Project within the Little Nahanni Pegmatite Group. Forward-looking statements in the press release set forth initial expectations and goals based on current information available to the company. Li-FT advises caution when considering the forward-looking information provided.



Read more at GlobeNewswire: LIFT reports grab samples up to 3% Li2O within 1 km by 1.5