ABOUT ABASCA RESOURCES INC.
Abasca Resources Inc. (TSX-V: ABA) is a Canadian mineral exploration company focused on its Key Lake South Uranium Project (KLS), located approximately 15 kilometres south of the Key Lake mill which processes ore from Cameco Corp.’s (TSX: CCO; NYSE: CCJ) McArthur River uranium mine. Provincial Highway 914, a north-south all-weather highway in Saskatchewan, crosses the project, providing ideal access. The project consists of 12 contiguous claims (23,977 hectares or approximately 240 sq. km) which were staked during 2011 to 2012 and have been held and explored by a private company (“SaskCo”) until the end of 2022. The project was then transferred to Abasca Resources Inc. by reverse takeover of a TSX Venture listed corporation and is 100%-owned.
In addition to the uranium prospectivity, KLS also hosts the Loki Flake Graphite Zone (“Loki Zone”) in the northern part of the project area. The Loki Zone was discovered by SaskCo in 2016 while exploring for
uranium at KLS and representative drill core samples were taken from the zone for the purpose of uranium exploration. The 2016 drilling intersected the zone over a 2 km trend with intersections up to 40 m in length.
In the fall of 2023, the samples were re-analysed for graphite and assays returned values up to 22.2 % Cg. A subset of the samples was also selected to determine the graphite flake size distribution by QEMSCAN,
which yielded a median passing percent up to 214 μm.
KEY LAKE SOUTH URANIUM PROJECT
HIGHLIGHTS
• Size: 23,977 Ha
• Total Metres Drilled: 30,770 (129 holes)
• Metres Drilled Since 2012: 23,780 (78 holes)
• Metres Drilled at Loki Flake Graphite Zone: 9,816 (39 holes)
▪ Loki Flake Graphite Zone: 9,816 (39 holes)
• Target Areas: 13
• 100%-Owned
• 15 km south of Key Lake Uranium Mill
• Geological similarities and along strike of past Key Lake Mine
• Prospective Conductors: > 50 km
• Loki Flake Graphite Zone: open 2 km trend
To learn more about Abasca Resources, please visit www.abasca.ca.
To learn more about the activity in the Athabasca Basin area and to view the digital map, go to https://digigeodata.com/area/athabasca-basin/-basin/