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Abasca Resources Announces Exploration Update at its Loki Flake Graphite Deposit and Non-Brokered Private Placement of up to $2.5 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Abasca Resources Inc.
[{"type":"text","content":"Abasca Resources Announces Exploration Update at its Loki Flake Graphite Deposit and Non-Brokered Private Placement of up to $2.5 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES SASKATOON, SK / ACCESS Newswire / September 8, 2025 / Abasca Resources Inc. (\"Abasca\" or the \"Company\") (TSX V:ABA) is pleased to announce the completion of geohydrological and geotechnical drilling work as part of its 2025 summer program at its 100% owned Key Lake South Project (KLS) (see Figure 1). This drilling consisted of six sonic drillholes totaling of 235 m and four diamond drillholes totaling 868 m in and around the Loki Flake Graphite Deposit (the \"Loki Deposit\"), as detailed in Table 1 and Figure 2. The material collected, core logging, lab analysis and on-going monitoring data collection are part of the environmental baseline study initiated in the spring of 2025 to support the design of an open-pit, tailings planning and Environmental Impact Assessment (EIA). Drillcore recovered from the diamond drilling will also be used for mineral resource estimates and metallurgical testing. The remainder of the 2025 summer program will now focus on in-fill drilling on the main pit-constrained inferred resource area at the Loki Deposit (Figure 2) to support an upgrade of the mineral resource estimate.Dawn Zhou, President and CEO, stated \"Abasca is delighted with the progress of the environmental baseline study and geotechnical data collection following the 2025 winter resource expansion drilling and the initiation of summer resource upgrade drilling. The Company will continue the environmental baseline study, metallurgical testing and other tasks while completing resource drilling for the Loki Deposit to advance toward the development stage on an expeditious timeline\".\"The Loki Deposit continues to provide consistent results with drillcores from the geotechnical drilling in the Deposit being similar to that intersected in the 2024 summer drill program. These intersections of strong graphite mineralization confirm our model and provide confidence in continuing to develop this critical mineral resource. As we complete the in-fill program, we look forward to planning additional programs to test this mineralized trend toward the southwest\" commented Brian McEwan, Vice-President of Exploration...