Abasca Resources Completes 2023 Winter Drill Program on Key Lake South Uranium Project, Intersecting Anomalous Radioactivity

SASKATOON, SK / ACCESSWIRE / April 17, 2023 / Abasca Resources Inc. (‘Abasca’ or the ‘Company’) (TSX V:ABA) is pleased to announce the completion of its winter drilling program on the 100%-owned, 23,977-hectare Key Lake South Uranium Project (‘KLS’). The Company drilled a total of 11 holes (Figure 1) comprising 4,959 metres at the Mustang target area (‘Mustang’), intersecting lengths from 0.15 metre to 4.35 metres of anomalous radioactivity in 8 holes (Table 1).

The drilling identified and confirmed multiple stacked graphitic fault zones at Mustang. Overprinting fracture zones, fault gouge, and fault breccia demonstrate re-activation of several of these fault zones, which has been seen to be ideal features in other uranium deposits in the Athabasca Basin region. All drillholes intersected similar stratigraphy of biotite-garnet gneiss with intervals of granitic gneiss and local pegmatite bound between two major graphitic fault zones, and calc-silicate rocks at the contact with a […]

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