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LIFT defines 13 km by 6 km spodumene-in-till anomaly at the Pontax Lithium Project, Quebec, and updates on other Quebec exploration activities
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VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX:
LIFFF) (Frankfurt: WS0) is pleased to report results from its summer 2023 exploration program at the Pontax Project and the Rupert Project, both in the
James Bay region of Quebec. Pontax is comprised of 100%-owned ground and ground under option agreement with Harfang Exploration Inc. (“Harfang”).
The summer 2023 surface exploration program was comprised of geologic mapping, prospecting, and glacial-sediment (till) sampling. Till samples were processed to look for spodumene grains within the till. The results at Pontax revealed a 13 km by 6 km anomaly that has spodumene grain counts similar to till down-ice of the Whabouchi lithium deposit, located approximately 2 km northeast of LIFT’s sampling. Additional spodumene anomalies were defined on the Rupert property where, importantly, background values have been well-defined (Figure 2).
Francis MacDonald, CEO of LIFT comments, “The size and strength of the Pontax spodumene anomaly is very impressive. We understand the expression of a large spodumene resource in till from our sampling results down-ice of the Whabouchi lithium deposit. The anomaly that we have defined at Pontax has similar amounts of spodumene grains in till, but we are seeing this anomalism over a 13 km by 6 km area in comparison to a 4 km by 1 km area down-ice of Whabouchi. The implication of this is that we believe there is potential for a large spodumene pegmatite dyke swarm buried beneath extensive glacial sediments in the Pontax area. The next exploration program will be tailored to narrowing this large area down to drill targets”.
Figure 1 – Spodumene grains from glacial till sampling in the Pontax area.
Figure 2 - Pontax spodumene anomaly vs. the Whabouchi Li Deposit (Arcadium Lithium & Investissement Quebec). The spodumene anomaly down-ice of Whabouchi is similar to many areas within the Pontax project. The strength of the anomalies in the Pontax areas may indicate a spodumene pegmatite dyke swarm is present nearby, beneath glacial sediments.
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Figure 3 - Location of the Pontax, Rupert, and Moyenne projects, James Bay region, Quebec.
Discussion of till sampling program
Till sampling for geochemistry or indicator minerals has been used extensively in Canada and other regions previously covered by glaciers (see Figure 4) to make a number of discoveries beneath the transported sediment cover (e.g. Rainy River (Gold), Ekati (Diamonds), East Kemptville (Tin), Regnault (Gold), Casa Berardi (Gold), Blackwater (Gold)). In addition to new discoveries, many orientation surveys have been completed over previously discovered deposits that suggest a till sampling program would have been a successful methodology if employed during early exploration phases (e.g. Meliadine (Gold), Madrid (Gold), Strange Lake (REE-Be), Lac des Isles (PGE)).
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