Abasca Resources Updates on Summer Exploration at KLS Project

Abasca Resources Inc. (TSXV:ABA) has provided an update on its 2024 summer exploration. The focus has been on assessing the Flake Graphite potential at the Loki Zone and testing conductor corridors for uranium mineralization.

The drilling program at Loki Zone involved 21 drill holes covering approximately 5,500 meters. All holes successfully intersected graphite mineralization, and samples have been submitted for analysis.

Regional exploration also included 7 drill holes totalling 3,593 meters along the Mustang-Seager Trend and north of the Loki Zone. Despite no significant radioactivity, the corridor remains untested.

Abasca has restated its financial results following a transaction with SaskCo, now accounting for it as a reverse takeover under IFRS 2.