11:41 AM EDT, 03/13/2024 (MT Newswires) -- Li-FT Power Ltd. ( LIFFF ) reported Wednesday assays from eight drill holes mainly at the Echo pegmatite within the Yellowknife lithium project in the Northwest Territories.

Results include 16 meters at 1.26% lithium oxide, 14 meters at 1.20% lithium oxide and 10 meters at 0.95% lithium oxide.

"The Echo pegmatite is living up to initial expectations," CEO Francis MacDonald said. "We are seeing a complex stacked set of spodumene pegmatites that are shallow-dipping which is very favorable for open pit mining."

Li-FT at last look fell 12.7% in early Wednesday trading.

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