Li-FT Power (LIFT.V) has consistently been putting out drill results from its flagship Yellowknife Lithium project over the past few months, and this will likely continue for the next several months as the company has only reported results from 72 diamond drill holes despite already having completed 195 holes for a total of almost 33,200 meters.
In an update that was published late October, the company published the assay results from five holes of which four were drilled on the Big East target (a 35-80 meter wide corridor of parallel trending dykes that extend for at least 1,000 meters along surface and 200 meters down dip) and one was drilled on the Shorty target (this target has now been traced for 600 meters on surface and about 200 meters down dip. And as you can see below, the grades were pretty good with hole YLP-0092 best described as ‘excellent’ as a grade of 1.79% Li2O is very strong.
Last week’s assay results were also very encouraging as the company continued to pull 1%+ mineralization out of the ground.
As the company still needs to report on in excess of 100 holes, the news flow will be very steady for the next few quarters to come.
Disclosure: The author has no position in Li-FT Power. Please read the disclaimer.
