TSXV: LIFT   |  OTCQX: LIFFF   |   FRA: WS0

Projects

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Location of NAR’s DeStaffany, LDG & Mackay Lithium Projects along side LIFT’s Yellowknife Lithium Project. The pegmatites are located to the east and the northeast of the city of Yellowknife.

DeStaffany Lithium Project

The DeStaffany lithium property covers 1,843 ha located on the north central shore of Great Slave Lake, approximately 18 km northeast of the Nechalacho mine and 115 km east of Yellowknife. The property hosts the Moose 1 and Moose 2 lithium-tantalum-niobium bearing pegmatites. The pegmatites were initially evaluated in the 1940’s for tantalum and niobium but have never been subject to a focused evaluation of their lithium potential. New discoveries are possible within the property as highlighted by the identification of additional pegmatites by North Arrow.

The Moose 1 pegmatite has never been drilled but has been traced over a 370 m strike, averaging 4.5 m to 6.0 m in width, with a maximum width of approximately 11 m, and hosts spodumene mineralization that returned 1.5% Li2O over 7.5 m from historic channel sampling in 2009. 

The Moose 2 pegmatite has been mapped over a 450 m strike length, is up to 30 m wide. The pegmatite was bulk sampled for its tantalum and niobium potential in the 1940’s and 1950’s, producing tantalum and niobium concentrates, but has never been evaluated or drilled for its lithium potential. Spodumene mineralization is common throughout the pegmatite, with elevated lithium analyses of up to 1.98% Li2O returned from samples along at least a 250 m strike length of the body.

The Moose pegmatites are located within 1 km of Great Slave Lake, providing good year-round access to the property from both Yellowknife and Hay River on the south side of lake. Next steps for the property will include preparation for mapping, sampling and prospecting fieldwork ahead of initial drill testing of these mineralized spodumene pegmatites.

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DeStaffany Lithium Project spodumene pegmatite occurrences. The DaStaffany Project is located ~ 4 kilometers from LIFT’s BET pegmatite.

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