LIFT reports grab samples up to 3% Li2O within 1 km by 1.5 km area at the Cali Lithium Project, NWT, Canada - Seite 2

About the Cali Lithium Project

The Cali Lithium Project (CLP) is located in the Mackenzie Mountains on the border of the Northwest Territories and Yukon within the Little Nahanni Pegmatite Group (LNPG). The LNPG is a Cretaceous-age (~82-million-year-old) rare-element pegmatite dyke swarm over an area of 13 km x 5 km that is hosted within Proterozoic Hyland Group sedimentary rocks. The pegmatites are dominantly spodumene-bearing with subordinate spodumene-free (mainly lepidolite-rich) dikes.

The Cali area was originally staked in 1961 by the Canada Tungsten Mining Corporation Ltd. who reported grab samples of 1.5% and 2.5% Li₂O. No work was completed again until 1977 when Canadian Superior Exploration Ltd. (CSEL) staked the Cali area and completed a mapping and sampling campaign. CSEL concluded that there was excellent potential for a spodumene resource in the area. After the CSEL work, only sporadic sampling programs have been completed in the area.

QA/QC & Sampling Protocols

All rock and soil samples were collected under the supervision of LIFT employees and contractors. Sample location and descriptions were recorded in the field with samples transported to a temporary exploration camp where blanks and certified reference materials were inserted at regular intervals. Field duplicates are also included in the sample runs. Groups of samples were placed in large bags, sealed with numbered tags in order to maintain a chain-of custody, and transported from the temporary exploration camp via helicopter/fixed wing to ALS Global’s (“ALS”) laboratory in Whitehorse, Yukon. Sample preparation and analytical work for this exploration program were carried out by ALS. Rock samples were prepared for analysis according to ALS method PREP-31: individual samples were crushed to 75% passing through 2 mm (10 mesh) screen; a 1,000-gram sub-sample was riffle split (SPL-21) and then pulverized (PUL-32) such that 85% passed through 75 micron (200 mesh) screen. A 0.2gram sub-sample of the pulverized material was then dissolved in a sodium peroxide solution and analyzed for 53 elements according to ALS method ME-MS89L. Soil Samples were prepared for analysis according to ALS method PREP-41: individual samples screened to 180 micron (80 mesh)(SCR-41). A 0.25g sub-sample of the screened material was then dissolved in a Four Acid solution and analyzed for 48 elements according to the super trace lowest detection limit ICP-MS ALS method ME-MS61L. All results passed the QA/QC screening at the lab, all inserted standards and blanks returned results that were within acceptable limits.