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AMV Capital Corp. ( (TSE:ABA) ) just unveiled an update.
Abasca Resources Inc. reported assay results from the in-fill component of its summer 2025 drilling campaign at the Loki Flake Graphite Deposit, part of its Key Lake South Project in Saskatchewan. The 6,210 metres of drilling across 27 holes returned substantial graphite intersections, including up to 62.10 metres at 9.43% Cg, with several high-grade intervals exceeding 14% Cg, supporting greater confidence in upgrading the current 11.31 million tonne inferred resource grading 7.65% Cg.
The company also launched its 2026 winter drill program at Key Lake South, targeting southeastward extension of the Loki Deposit on a 100-by-100-metre grid, as well as geotechnical and hydrogeological work to support project development and exploratory drilling at the nearby Thor Zone. Management highlighted the consistency of mineralization and indicated that the technical field work is aimed at underpinning the next stages of project advancement, potentially strengthening Abasca’s position in the emerging Canadian graphite supply chain.
More about AMV Capital Corp.
Abasca Resources Inc. is a Canadian exploration company focused on developing the Loki Flake Graphite Deposit within its 100%-owned Key Lake South Project in northern Saskatchewan. The company is advancing a significant flake graphite resource, targeting applications in graphite-intensive sectors such as battery materials and other industrial uses, and is working to upgrade and expand its existing inferred mineral resource base.
Average Trading Volume: 46,715
Technical Sentiment Signal: Buy
Current Market Cap: C$11.04M
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