Abasca Resources Reports Graphite Intersections and Plans Further Drilling

Abasca Resources Inc. has released assay results from drillhole KLS-25-072 in the Thor Graphite Zone at its Loki Flake Graphite Deposit, part of the Key Lake South Project in Saskatchewan. This winter drilling program successfully intersected three zones of graphite mineralization. Notable results include a primary zone with an average grade of 8.57% Cg over 40 meters and another 32-meter zone at 6.43% Cg. The company has resumed in-fill drilling at Loki, with plans for a 5,000-meter program aimed at providing an indicated resource estimate.

The collected samples underwent extensive analysis at SRC Geoanalytical Laboratories, with rigorous quality controls in place. The assay results are promising for continued exploration, according to Brian McEwan, Vice-President of Exploration. The company remains optimistic about future exploration at the Thor Zone and ongoing work at the Loki Deposit.