If you want quality junior lithium exposure, read on. (I know I’ve used that line before!)
Li-FT Power Ltd. (“LIFT” or the “Company“) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is a mineral exploration company engaged in the acquisition, exploration, and development of lithium pegmatite projects located in Canada.
A ‘pegmatite’ is an igneous rock created underground when interlocking crystals form during the final stages of magma.
After a nice run to CDN6.00 in mid-January, the shares have had some profit-taking, which has moved the stock to CDN4.75. This is at the low end of the 52-week range of CDN4.50 to CDN10.37.
What else is down? The price of Lithium. Could add to the investment case made.
It could be a great entry price or add more. As I have said before, this stock is volatile, with double-digit percentage moves in the past. Yesterday, the Company released great drilling results.
LIFT Intersects 13 m at 1.11% Li2O at its Ki pegmatite, Yellowknife Lithium Project, NWT
The Company announced 10 drill holes completed at the BIG West, Nite & Ki pegmatites within the Yellowknife Lithium Project (“YLP”) located outside the city of Yellowknife, Northwest Territories (Figure 1).
Drilling intersected significant intervals of spodumene mineralization, with the following highlights:
Highlights:
· YLP-0184: 13 m at 1.11% Li2O, (Ki)
· YLP-0171: 12 m at 1.21% Li2O, (Ki)
· YLP-0152: 5 m at 1.24% Li2O, (Nite)
Impress your friends; Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2, and is a commercially important source of Lithium. It occurs as colourless to yellowish, purplish, or lilac kunzite yellowish-green or emerald-green hiddenite, prismatic crystals, often of great size.
Final words from Francis MacDonald, LIFT CEO; “Hole YLP-0184 at the Ki pegmatite is located 500 m to the northwest of any drilling completed to date. This hole confirms that spodumene mineralization is present in drilling over 900 m of strike length at Ki. 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.”
Lift keeps delivering impressive results. If you forgot the last ones on Jan 23, here they are:
YLP-0148: 23 m at 1.40% Li2O, (Fi Main)
YLP-0182: 11 m at 1.38% Li2O, (Nite)
YLP-0145: 10 m at 1.28% Li2O, (Nite)
and: 3 m at 1.26% Li2O
YLP-0149: 5 m at 1.04% Li2O, (Nite)
and: 1 m at 1.04% Li2O
and: 10 m at 0.78% Li2O
including 5 m at 1.15% Li2O
Faites Vos Jeux…
