Cosa Resource – Summer Exploration Program Updates On 3 Key Uranium Targets In The Athabasca Basin
Keith Bodnarchuk, President and CEO of Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF), joins me to review the 3 key targets for this summer work program at this Canadian uranium exploration company operating in the Athabasca Basin region of northern Saskatchewan. The portfolio comprises roughly 209,000 ha across multiple projects in, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.
We start of discussing the 2024 drilling will kick off in August at their Ursa Project, following up on Drill hole UR24 -03 from the winter drill program, that intersected structure, alteration, and minor sulphide mineralization several hundred meters above the unconformity. The Ursa Project captures over 60-kilometres of strike length of the Cable Bay Shear Zone, a regional structural corridor with known mineralization and limited historical drilling. It potentially represents the last remaining eastern Athabasca corridor to not yet yield a major discovery. Modern geophysics completed by Cosa in 2023 identified multiple high-priority target areas characterized by conductive basement stratigraphy beneath or adjacent to broad zones of inferred sandstone alteration – a setting that is typical of most eastern Athabasca uranium deposits.
Keith then outlined Cosa’s award-winning management team, which has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy’s Hurricane deposit. Prior to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison Mines’ Gryphon deposit and 92 Energy’s Gemini Zone, and held key roles in the founding of both NexGen and IsoEnergy.
Next we pivoted over to both the Aurora and Orion Projects where the Company will be flying Airborne VTEM gravity at Aurora, and conducting ANT surveying at Orion, to further refine km-scale sandstone conductivity anomalies. Both projects are expected to be drill ready for H1 2025. We wrapped up with the share structure, key strategic investors, and the financial strength of the company to complete this year’s exploration and have access to capital in the future.
If you have any questions for Keith regarding Cosa Energy, then please email them in to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Cosa Resource at the time of this recording.
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