- Li-FT Power (CSE:LIFT), a top-performing lithium stock, has initiated exploration activities on its 100-per-cent-owned CALI lithium project in the Northwest Territories
- The program will focus on rock sampling and mapping to better understand the average grade across CALI’s numerous spodumene pegmatite dykes
- Li-FT Power is a mineral exploration company focused on lithium pegmatite projects in Canada
- The Canadian lithium stock (CSE:LIFT) is up by 68 per cent over the past year
Li-FT Power (CSE:LIFT), a top-performing lithium stock, has initiated exploration activities on its 100-per-cent-owned CALI lithium project in the Northwest Territories.
The property features a series of north-northwest trending spodumene pegmatite dykes near a 13 kilometre long spodumene pegmatite dyke trend known as the Little Nahanni Pegmatite Group. Float mapping suggests that the lithium-bearing dykes may be up to 1,100 metres in length.
The exploration program will employ rock sampling and mapping to better understand the average grade across the dykes’ exposed strike length to 300 m vertical. The team will also prospect for parallel dykes and dyke extensions trending onto the project from the south through detailed soil sampling.
Historical geological mapping characterizes the dykes as:
- Outcropping over a 500 m strike length
- Having a 300 m outcropping vertical extent
- Occurring as parallel dykes in corridors up to 100 m wide
The company will integrate the data it collects into a 3D geology model for exploration target generation and planning for a resource definition drill program in summer 2024. Its Land Use Permit application is in the final stages, which would clear the way for advanced exploration activities, including drilling.
“During our recent field visit to the CALI property in late June, we were very impressed with the amount of spodumene-bearing boulders covering the surface,” Francis MacDonald, CEO of Li-FT, said in a statement. “The spodumene percentages that we observed were quite high and we also expect very good grades to come back from surface sampling. The extent of this spodumene pegmatite dyke swarm is impressive and we believe there is excellent potential at the CALI project to demonstrate a large spodumene resource that is also relatively close to transportation infrastructure.”
Li-FT Power is a mineral exploration company focused on lithium pegmatite projects in Canada. Its flagship Yellowknife lithium project in the Northwest Territories features spodumene-bearing pegmatites with strike lengths up to 1,800 m and widths up to 40 m outcrop. Recent exploration at Yellowknife yielded 60 m at 1.26 per cent Li2O and 30 m at 1.13 per cent Li2O. The company also owns three early stage exploration projects, including CALI.
Li-FT Power (CSE:LIFT) last traded at $8.40 per share. The Canadian lithium stock is up by 68 per cent over the past year.
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