During the summer surface program in 2023, LIFT completed a soil geochemistry survey covering the Cali Property, as well as a mapping and prospecting campaign.
Key Points:
- During the summer surface program in 2023, LIFT completed a soil geochemistry survey covering the Cali Property, as well as a mapping and prospecting campaign.
- Out of 163 grab samples collected, 124 returned grades at greater than 1.0% Li2O.
- We see excellent potential at Cali to host a large spodumene resource.”
Figure 3 – Soil sampling results from the Cali Lithium Project.
- An additional lithium anomaly has been defined that occurs in an area with more extensive soil cover.
Retrieved on:
Wednesday, March 27, 2024
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Security (finance) VANCOUVER, British Columbia, March 27, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce it has closed the previously announced marketed public offering (the “Public Offering”) of 1,179,500 common shares of the Company issued on a “flow-through” basis (each a “Flow-Through Share”) at a price of $6.05 per Flow-Through Share. The Public Offering generated aggregate gross proceeds of $7,135,975. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
Key Points:
- The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
- The Public Offering was led by Canaccord Genuity Corp. on behalf of a syndicate of agents, including SCP Resource Finance LP.
- The Base Shelf Prospectus and the Prospectus Supplement are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
- The Private Placement Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
Previously released drill holes that returned on-section intersections of upper pegmatite include YLP-0008 (0.89% Li2O over 20 m, 25 m depth) and YLP-0014 (0.74% Li2O over 23 m, 50 m).
Key Points:
- Previously released drill holes that returned on-section intersections of upper pegmatite include YLP-0008 (0.89% Li2O over 20 m, 25 m depth) and YLP-0014 (0.74% Li2O over 23 m, 50 m).
- Previously released drilling on this section returned 1.03% Li2O over 24 m from 50-100 m depth (YLP-0051), 1.32% Li2O over 14 m from 125-150 m (YLP-0075), and 1.06% Li2O over 16 m from 150-175 m depth (YLP-0081).
- Previous drilling on the same section returned 1.24% Li2O over 5 m from 50 m depth (YLP-0152) and 0.87% Li2O over 6 m from 150 m (YLP-0192).
- Previously released drilling on the same section returned 0.58% Li2O over 17 m from 50 m depth (YLP-0196) and 0.81% Li2O over 13 m from 150 m (YLP-0198).
Retrieved on:
Wednesday, March 13, 2024
YLP-0216 was collared 400 m northwest of the Echo feeder to test the Echo splay approximately 250 m from its northwestern mapped extent,
Key Points:
- YLP-0216 was collared 400 m northwest of the Echo feeder to test the Echo splay approximately 250 m from its northwestern mapped extent,
- Figure 3 – Cross-section illustrating YLP-0216 with results as shown in the Echo pegmatite dyke with a 16 m interval of 1.26% Li2O.
- The upper corridor is 66 m wide with 30 m of pegmatite spread over a 16 m wide dyke and five subsidiary dykes between 1-6 m in width.
- Assays for the upper interval returned 0.91% Li2O over 10 m and 0.54% Li2O over 6 m, the former including 4 m of 1.85% Li2O.
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- /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, March 18, 2024 /CNW/ - Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that it has commenced a marketed best efforts public offering (the "Public Offering") of up to 1,179,500 common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Flow-Through Shares") at a price of $6.05 per Flow-Through Share (the "Offering Price") for aggregate gross proceeds of up to $7,135,975.
- The Public Offering is being conducted through a syndicate of agents led by Canaccord Genuity Corp. (collectively, the "Agents").
- The Public Offering will be conducted pursuant to the Company's Canadian base shelf prospectus dated December 22, 2023 (the "Base Shelf Prospectus").
- The Public Offering and the Non-Brokered Offering are subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange.
Dave Smithson, SVP, Geology of LIFT comments, “The Fi Southwest continues to return robust intercepts of mineralization with hole 203 drilling 19 m at 1.31% Li2O.
Key Points:
- Dave Smithson, SVP, Geology of LIFT comments, “The Fi Southwest continues to return robust intercepts of mineralization with hole 203 drilling 19 m at 1.31% Li2O.
- New drilling intersected a single 26 m pegmatite that returned 1.31% Li2O over 19 m (Table 1 & 2, Figures 2 & 3).
- Figure 3 – Cross-section illustrating YLP-0200 with results as shown in the Fi Southwest pegmatite dyke with a 19 m interval of 1.31% Li2O.
- Drilling intersected a 10 m dyke flanked by 1-3 m wide dykes for cumulative 14 m pegmatite over 25 m of core.
Retrieved on:
Tuesday, February 27, 2024
The Fi Southwest dyke was similarly impressive this week returning 22 m at 1.0% Li2O near to the surface.
Key Points:
- The Fi Southwest dyke was similarly impressive this week returning 22 m at 1.0% Li2O near to the surface.
- Figure 3 – Cross-section illustrating YLP-0199 with results as shown in the Fi Southwest pegmatite dyke with a 22 m interval of 1.05% Li2O.
- The deepest of these three dykes returned 0.87% Li2O over 6 m that includes 2 m of 1.99% Li2O.
- Significant assays were returned only from the EB dyke and includes composites of 0.74% Li2O over 11 m (including 1.48% Li2O over 4 m) and 0.54% Li2O over 12 m (with 1.44% Li2O over 3 m).
Retrieved on:
Tuesday, February 13, 2024
YLP-0174 explored the Nite pegmatite approximately 100 m from its northern end and 50 m beneath the surface.
Key Points:
- YLP-0174 explored the Nite pegmatite approximately 100 m from its northern end and 50 m beneath the surface.
- Drilling intersected three pegmatite dykes ranging from 2-5 m wide for cumulative pegmatite of 9 m over 27 m of core.
- New drilling intersected a 16 m dyke preceded by four 1-7 m dykes for cumulative pegmatite of 31 m over 72 m of drill core.
- Figure 3 – Cross-section illustrating YLP-0177 with results as shown in the Nite pegmatite dyke with a 11 m interval of 1.52% Li2O.
Retrieved on:
Tuesday, February 6, 2024
YLP-0171 was drilled to test the Ki pegmatite ~400 m from its southern mapped extent and 150 m below the surface.
Key Points:
- YLP-0171 was drilled to test the Ki pegmatite ~400 m from its southern mapped extent and 150 m below the surface.
- Hole YLP-0184 tested approximately 300 m from the northern mapped extent of the Ki corridor and 50 m beneath the surface.
- Drilling returned a 20 m wide interval bookended by 5 m and 8 m pegmatite intervals that are split by a 7 m panel of country rock.
- Drilling intersected an 11 m pegmatite flanked by 1 and 4 m wide dykes, for total 16 m of pegmatite over 28 m of core.
