Business
Cosa Acquires the Aurora Uranium Project, Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) -   Cosa Resources Corp. (...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Acquires the Aurora Uranium Project, Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - December 4, 2023) -  Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce it has entered into an asset purchase agreement dated December 1, 2023 (the \"Purchase Agreement\") for the acquisition (the \"Acquisition\") of the Aurora Project in the Athabasca Basin, Saskatchewan (\"Aurora\", or the \"Property\"). HighlightsOver 16,800 hectares added to Cosa's 100% owned exploration portfolio with no encumbrances.Aurora covers 17 kilometres of the southeastern rim of the Athabasca Basin between Key Lake and the GMZ uranium discovery.Keith Bodnarchuk, President and CEO, commented: \"The discovery of the GMZ uranium zone in 2021 confirms that there is uranium discovery potential along the southeastern rim of the Athabasca Basin. Having recently demonstrated the value of modern and comprehensive geophysical coverage at our Ursa Project, we believe that underexplored lands like Aurora can be significantly upgraded with the same approach and we look forward to advancing this project towards drill testing.\"Andy Carmichael, VP Exploration, commented: \"Cosa is excited to have acquired a large swathe of the Athabasca Basin's southeastern rim just 16 kilometres from the Key Lake Mill. As discoveries in districts across the Basin have historically begun at the edges and progressed inward, this highly underexplored piece of ground is an excellent addition to our portfolio of uranium exploration projects in the Basin.\"About AuroraThe Property comprises seven contiguous claims totaling 16,896 hectares which cover 17 kilometres of the Athabasca Basin's southeastern rim (Figure 1). The Property is located 16 kilometres east of the Key Lake Mill and former Key Lake Mine (Figure 2). Between 1983 and 2002 the Key Lake Mine produced 209.8 million pounds of U3O8 at an average grade of 2.3% U3O8. The Key Lake Mill is one of three licensed uranium mills in Saskatchewan and currently processes ore from the McArthur River Mine. Aurora is 40 kilometres southwest of the recently discovered GMZ uranium zone. Access and infrastructure at Aurora are excellent as an existing network of winter roads and the Provincial powerline supplying Key Lake and McArthur River extend through th...