- Cosa Resources (TSXV:COSA) received permits from Saskatchewan’s government for geophysics and exploration work on its Ursa uranium project
- The company expects that trail construction activities will begin in December 2023 followed by geophysical surveying commencing early in 2024
- The permits are valid until June 2025, which would allow for multiple seasons of drill testing
- Cosa Resources Corp. last traded at $0.41 per share
Cosa Resources (TSXV:COSA) received permits from Saskatchewan’s government for geophysics and exploration work on its Ursa uranium project.
Located in Saskatchewan’s Athabasca Basin, Ursa covers 65 kilometres of strike length of the Cable Bay Shear Zone, a highly prospective and underexplored geological analogue to the setting underpinning major current- and past-producing eastern Athabasca uranium mines.
With these permits, the Vancouver-based miner is continuing procurement to support exploration drilling programs in winter 2024. Selection of contractors to complete trail establishment, ground-based geophysical surveying, diamond drilling, and temporary work camps is underway.
Basement conductivity model 100 metres below the unconformity with selected sandstone conductivity contours and target areas. Source: Cosa Resources Corp.
The company expects that trail construction activities will begin in December 2023 followed by geophysical surveying commencing early in 2024. Mobilization of diamond drilling equipment and personnel will be initiated as drill targets are refined in high priority areas. The permits are valid until June 2025, which would allow for multiple seasons of drill testing.
Sandstone conductivity model 200 metres above the unconformity with selected basement conductivity contours and target areas. Source: Cosa Resources Corp.
“Saskatchewan’s status as a favoured uranium exploration district is built on the Athabasca Basin’s long history of discovery, development and production of Tier 1 uranium deposits and the province’s reputation as a stable, low-risk political environment,” Keith Bodnarchuk, the company’s president and CEO, said in a news release. “We are pleased to have progressed Ursa to this important milestone well ahead of the upcoming winter exploration season. With permits in hand and an abundance of high-priority target areas identified by our recently completed MobileMT survey, we are excited to complete ground-based geophysics and follow up diamond drilling in winter 2024.”
Cosa Resources Corp. is a mineral exploration company focused on the exploration of its uranium properties in northern Saskatchewan. Its portfolio includes five uranium exploration properties: Ursa, Orion, Castor, Charcoal and Helios, totalling more than 1,000 square km in the eastern Athabasca Basin.
Cosa Resources Corp. last traded at $0.41 per share.
Join the discussion: Find out what everybody’s saying about this Canadian mining stock on the Cosa Resources Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.