LIFT Intersects 26 m at 1.29% Li2O at its BIG East pegmatite, Yellowknife Lithium Project, NWT
Original announcement by tmx on
- Company
- Li-FT Power Ltd.
- Ticker
- LIFT
- Exchange
- TSX
- Region
- Northwest Territories
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update
- Extracted
- 2026-08-20 23:08:28 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
LIFT Power Ltd. announced positive drill results from its 2026 winter program at the Yellowknife Lithium Project in the Northwest Territories, with a highlight intercept of 26 meters at 1.29% Li2O. These results confirm the continuity of mineralization at depth and extend the known strike length of the BIG East pegmatite, which is expected to contribute to the expansion of the project's existing inferred mineral resource estimate. The drilling program included resource delineation and extension holes, with several intercepts showing strong to moderate lithium grades.
Reasoning: LIFT's latest drill results from the BIG East pegmatite show strong lithium grades over significant widths, confirming continuity and extending mineralization. This program is expected to support the expansion of the existing inferred resource, with robust QA/QC and QP sign-off enhancing confidence in the results.
Positive factors
- Strong lithium grades over significant widths
- Confirmation of mineralization continuity at depth
- Extension of mineralization along strike and at depth
- Supports expansion of the existing resource base
- Comprehensive QA/QC procedures and QP sign-off
Negative factors
- No specific true width reported for individual intercepts
- Some holes returned no significant results
Facts used in scoring: 11
Classification and evidence
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document states that true thickness will range between 65-100% of drilled widths but does not provide specific true widths for individual intercepts.
Evidence · text
“All holes described in this news release were drilled broadly perpendicular to the dyke orientation so that the true thickness of reported intercepts will range somewhere between 65-100% of the drilled widths.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The drilling program extended along 1,000 m of strike length and mineralization remains open at depth and along strike.
Evidence · text
“The 2026 winter program extended along 1,000 m of strike length of the BIG East complex and reached depths of 50 to 300 m vertically below surface.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release details sample collection, insertion of blanks and certified reference materials, field duplicates, chain-of-custody, and laboratory procedures by ALS Labs.
Evidence · text
“All drill core samples were collected under the supervision of LIFT employees and contractors. Drill core was transported from the drill platform to the core processing facility where it was logged, photographed, and split by diamond saw prior to being sampled. Samples were then bagged, and blanks and certified reference materials were inserted at regular intervals. Field duplicates consisting of quarter-cut core samples were also included in the sample runs. Groups of samples were placed in large bags, sealed with numbered tags in order to maintain a chain-of-custody, and transported from LIFT’s core logging facility to ALS Labs (“ALS”) laboratory in Yellowknife, Northwest Territories.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information has been reviewed and approved by Ron Voordouw, Ph.D., P.Geo., a Qualified Person as defined by NI 43-101.
Evidence · text
“The disclosure in this news release of scientific and technical information regarding LIFT’s mineral properties has been reviewed and approved by Ron Voordouw, Ph.D., P.Geo., Partner, Director Geoscience, Equity Exploration Consultants Ltd., and consultant to Li-FT Power Ltd. A Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101)”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling program included 'resource delineation holes' aimed at improving geological understanding and supporting resource expansion.
Evidence · text
“Figure 3 – Plan map showing BIG tenure boundary, pegmatite dykes, 2023-2024 drill traces, and the 2026 resource delineation holes.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The 2026 drill results are stated to 'improve geological understanding of the deposit and supports localized expansion of the current MRE'.
Evidence · text
“The 2026 results improve geological understanding of the deposit and supports localized expansion of the current MRE, including its southern extent where it remains open at depth and along strike.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The mineral resource estimate was published in October 2024, making it over a year and a half old at the time of this May 2026 announcement.
Evidence · text
“This program marks the first drill campaign in BIG area since publication of the mineral resource in October 2024.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The consolidated mineral resource estimate is entirely in the 'inferred category'.
Evidence · text
“totals 50.4 million tonnes (Mt) at 1.00% Li 2 O for 506,000 tonnes of Li 2 O (1.25 million tonnes of LCE) in the inferred category”
Extracted facts
Stored fact records: 11. Some facts used in scoring do not have a stored record.
Drill Results (11)
YLP0312Yellowknife Lithium Project · lithiumGrade: 1.29Grade Unit: % Li2OIntercept: 26 mView all detailsHide details
Identity
- Hole ID
- YLP0312
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.29
- Grade Unit
- % Li2O
- Intercept
- 26 m
- From
- 170 m
- To
- 196 m
- Hole Depth
- 222 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0312:170.0-196.0
- Mining Method
- open_pit
Location
- Easting
- 346052
- Northing
- 6933275
- CRS
- NAD83 Zone 12N
- Elevation
- 201 m
- Azimuth
- 121 °
- Dip
- 62 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept shows a strong lithium grade over a significant width, contributing positively to the project's resource potential and confirming continuity at depth.
Positive factors
- Strong grade (1.29% Li2O)
- Significant intercept length (26 m)
- Supports resource expansion
Evidence · table
“1.29”
Context: 26
YLP0312Yellowknife Lithium Project · lithiumGrade: 1.65Grade Unit: % Li2OIntercept: 17 mView all detailsHide details
Identity
- Hole ID
- YLP0312
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.65
- Grade Unit
- % Li2O
- Intercept
- 17 m
- From
- 177 m
- To
- 194 m
- Hole Depth
- 222 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0312:170.0-196.0
- Mining Method
- open_pit
Location
- Easting
- 346052
- Northing
- 6933275
- CRS
- NAD83 Zone 12N
- Elevation
- 201 m
- Azimuth
- 121 °
- Dip
- 62 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This high-grade sub-interval within the broader intercept significantly enhances the overall quality of the drill result, indicating a richer zone of mineralization.
Positive factors
- High-grade sub-interval (1.65% Li2O)
- Significant intercept length (17 m)
- Enhances overall intercept quality
Evidence · table
“1.65”
Context: 17
YLP0313Yellowknife Lithium Project · lithiumGrade: 1.12Grade Unit: % Li2OIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- YLP0313
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.12
- Grade Unit
- % Li2O
- Intercept
- 10 m
- From
- 198 m
- To
- 208 m
- Hole Depth
- 254 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0313:198.0-208.0
- Mining Method
- open_pit
Location
- Easting
- 346067
- Northing
- 6933380
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 51 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept provides a moderate lithium grade over a good width, confirming mineralization continuity at depth and contributing to the resource base.
Positive factors
- Moderate grade (1.12% Li2O)
- Decent intercept length (10 m)
- Confirms continuity at depth
Evidence · table
“1.12”
Context: 10
YLP0313Yellowknife Lithium Project · lithiumGrade: 0.68Grade Unit: % Li2OIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- YLP0313
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 0.68
- Grade Unit
- % Li2O
- Intercept
- 10 m
- From
- 230 m
- To
- 240 m
- Hole Depth
- 254 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0313:230.0-240.0
- Mining Method
- open_pit
Location
- Easting
- 346067
- Northing
- 6933380
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 51 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept, while having a weaker grade, still confirms the presence of mineralization at depth, which is important for resource expansion.
Positive factors
- Confirms mineralization at depth
- Decent intercept length (10 m)
Negative factors
- Weak grade (0.68% Li2O)
Evidence · table
“0.68”
Context: 10
YLP0313Yellowknife Lithium Project · lithiumGrade: 1.03Grade Unit: % Li2OIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- YLP0313
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.03
- Grade Unit
- % Li2O
- Intercept
- 6 m
- From
- 233 m
- To
- 239 m
- Hole Depth
- 254 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0313:230.0-240.0
- Mining Method
- open_pit
Location
- Easting
- 346067
- Northing
- 6933380
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 51 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This sub-interval shows a moderate lithium grade, improving the overall quality of the broader intercept and indicating a higher-grade zone within it.
Positive factors
- Moderate grade (1.03% Li2O)
- Improves overall quality of the parent intercept
Evidence · table
“1.03”
Context: 6
YLP0322Yellowknife Lithium Project · lithiumGrade: 0.97Grade Unit: % Li2OIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- YLP0322
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 0.97
- Grade Unit
- % Li2O
- Intercept
- 10 m
- From
- 70 m
- To
- 80 m
- Hole Depth
- 159 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0322:70.0-80.0
- Mining Method
- open_pit
Location
- Easting
- 345815
- Northing
- 6932715
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 53 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept shows a moderate lithium grade over a good width, contributing to the southern extension of mineralization and supporting resource growth.
Positive factors
- Moderate grade (0.97% Li2O)
- Decent intercept length (10 m)
- Extends mineralization to the south
Evidence · table
“0.97”
Context: 10
YLP0322Yellowknife Lithium Project · lithiumGrade: 0.57Grade Unit: % Li2OIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- YLP0322
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 0.57
- Grade Unit
- % Li2O
- Intercept
- 5 m
- From
- 93 m
- To
- 98 m
- Hole Depth
- 159 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0322:93.0-98.0
- Mining Method
- open_pit
Location
- Easting
- 345815
- Northing
- 6932715
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 53 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept, while narrow and of weak grade, still confirms the presence of lithium mineralization in the area, contributing to the overall geological understanding.
Positive factors
- Confirms mineralization presence
Negative factors
- Weak grade (0.57% Li2O)
- Narrow intercept length (5 m)
Evidence · table
“0.57”
Context: 5
YLP0322Yellowknife Lithium Project · lithiumGrade: 1.15Grade Unit: % Li2OIntercept: 9 mView all detailsHide details
Identity
- Hole ID
- YLP0322
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.15
- Grade Unit
- % Li2O
- Intercept
- 9 m
- From
- 101 m
- To
- 110 m
- Hole Depth
- 159 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0322:101.0-110.0
- Mining Method
- open_pit
Location
- Easting
- 345815
- Northing
- 6932715
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 53 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept shows a moderate lithium grade over a good width, further extending mineralization to the south and supporting resource growth.
Positive factors
- Moderate grade (1.15% Li2O)
- Decent intercept length (9 m)
- Extends mineralization to the south
Evidence · table
“1.15”
Context: 9
YLP0322Yellowknife Lithium Project · lithiumGrade: 0.53Grade Unit: % Li2OIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- YLP0322
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 0.53
- Grade Unit
- % Li2O
- Intercept
- 2 m
- From
- 127 m
- To
- 129 m
- Hole Depth
- 159 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0322:127.0-129.0
- Mining Method
- open_pit
Location
- Easting
- 345815
- Northing
- 6932715
- CRS
- NAD83 Zone 12N
- Elevation
- 197 m
- Azimuth
- 121 °
- Dip
- 53 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This very narrow intercept with a weak grade confirms the presence of mineralization but is of limited individual significance.
Positive factors
- Confirms mineralization presence
Negative factors
- Weak grade (0.53% Li2O)
- Very narrow intercept length (2 m)
Evidence · table
“0.53”
Context: 2
YLP0324Yellowknife Lithium Project · lithiumGrade: 1.04Grade Unit: % Li2OIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- YLP0324
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1.04
- Grade Unit
- % Li2O
- Intercept
- 11 m
- From
- 54 m
- To
- 65 m
- Hole Depth
- 129 m
Classification
- Deposit Type
- other
- Program
- mixed
- Sample Type
- drill
- Group ID
- YLP0324:54.0-65.0
- Mining Method
- open_pit
Location
- Easting
- 345901
- Northing
- 6932781
- CRS
- NAD83 Zone 12N
- Elevation
- 195 m
- Azimuth
- 121 °
- Dip
- 45 °
QA/QC
- Laboratory
- ALS
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- blanks, standards, duplicates, check_assays
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: This intercept shows a moderate lithium grade over a good width, extending mineralization near the southern end of the BIG East complex and supporting resource growth.
Positive factors
- Moderate grade (1.04% Li2O)
- Decent intercept length (11 m)
- Extends mineralization near southern end of complex
Evidence · table
“1.04”
Context: 11
Fact 11Yellowknife Lithium Project · lithiumGrade: 1Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yellowknife Lithium Project
- Commodity
- lithium
- Region
- northwest territories
- Reported Region
- Northwest Territories
- Ticker
- LIFT
Geometry
- Grade
- 1
- Grade Unit
- % Li2O
Compositing
- Cutoff Grade
- 0.4
- Cutoff Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-10-01T00:00:00.000Z
Dates
- Event date
- 2026-05-13T00:00:00.000Z
Reasoning: The existing MRE, while significant in size and grade, is entirely in the inferred category and is over a year old, indicating a need for further drilling to upgrade confidence and update the estimate.
Positive factors
- Large inferred resource (50.4 Mt)
- Good average grade (1.00% Li2O)
- Positions project as one of the largest spodumene projects in North America
Negative factors
- Entire resource is in the inferred category
- Estimate is stale (October 2024)
- No new resource update in this release
Evidence · text
“The consolidated mineral resource estimate (MRE) for LIFT’s Yellowknife Lithium Project covers 8 of 13 spodumene-bearing pegmatite dykes (Figures 1, 2) and totals 50.4 million tonnes (Mt) at 1.00% Li 2 O for 506,000 tonnes of Li 2 O (1.25 million tonnes of LCE) in the inferred category, positioning the project as one of the largest spodumene projects in North America.”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.