06:49 AM EDT, 03/19/2024 (MT Newswires) -- Li-FT Power Ltd. ( LIFFF ) , which fell more than 3% and closer to 52-week lows yesterday, earlier Tuesday reported drill results from the Yellowknife project in the Northwest Territories.

Drilling intersected intervals of spodumene mineralization, with highlights including 14 meters at 1.55% lithium oxide (Li2O), 13 meters at 1.45% Li2O, 10 meters at 0.93% Li2O and 9 meters at 0.97% Li2O.

Three holes are reported from the Echo pegmatite, two each on Fi Southwest and Nite, and one from Fi Main.

"Geological mapping at this portion of the Echo pegmatite system in 2023 reveals that there is still an additional 500 [meters] of strike-length of spodumene-bearing pegmatite that remains untested for follow-up drilling, and so we are very excited to build these initial results by testing the remainder of the dyke to the southeast, to a depth of 250 [meters] from surface," said David Smithson, senior vice president of geology at Li-FT.