Company with lithium in NWT can see pegmatites from space - Li-FT Power CEO Francis MacDonald

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Li-FT Power is advancing the Yellowknife lithium project in Canada’s Northwest Territories. The project contains 13 lithium pegmatite systems that are exposed at surface and visible from satellite imagery. Historical channel sampling produced average grades of 1.10 - 1.59% Li2O over 7- to 40-meter widths. Strike extents of pegmatites visible on surface are 100 to 1,800m.

He said the Yellowstone project is unique in that it has railway access and a paved highway that goes through seven lithium deposits. Another advantage is the railway runs to the Pacific coast, allowing Li-FT to ship the spodumene concentrate to Asia for processing. - The disconnect between gold prices and gold equities are explained by central bank precious metal purchases, said Wheaton Precious Metals CEO Randy Smallwood. - After hitting all-time highs overnight, the gold market is attracting some technical selling following mixed economic data.Thursday, S&P Global said its preliminary Purchasing Managers Index for the manufacturing sector rose to 52.5, up from February’s reading of 52.2.

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