The recently staked claims, the company said, have outcropping spodumene pegmatites that are a continuation of the Cali dyke swarm defined during the summer 2023 field program. Subsequent sampling and mapping indicated that the swarm system is larger than anticipated, with numerous spodumene pegmatite swarms present within an area of 1.5 km by 1 km. Out of 163 grab samples collected, 124 returned grades at greater than 1.0% Li2O (lithium oxide).
The land acquisition follows the Canadian government’s recent approval of an amendment to the Sahtú Land Use Plan, which made lands to the northwest of Li-FT Power’s current tenure available for staking. The company has permits in place to conduct advanced exploration activities on the Cali property, including drilling.
“Acquiring new areas through staking is the most cost-effective way to increase a company’s land position. The newly staked ground has outcropping spodumene…
