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Cosa Announces Commencement of Ground Geophysics and Access Trail Establishment at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2024) - Cosa Resources Corp. (TSXV: C...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Announces Commencement of Ground Geophysics and Access Trail Establishment at the 100% Owned Ursa Uranium Project in the Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - January 11, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce that ground geophysical surveying has commenced at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (\"Ursa\" or the \"Property\"). Highlights80 km of ground-based electromagnetic (EM) surveying to be completed over five target areasResults will aid targeting for initial drill campaign planned for Q1 2024 Best-in-class EM technology and modelling techniques, a significant advantage over the technological limitations of the historical work at UrsaKeith Bodnarchuk, President & CEO, commented: \"This survey marks the start of Cosa's ground-based exploration at Ursa, a significant milestone for the Company and the final step before initiating diamond drilling. We are pleased to have quickly advanced the Project to this stage and look forward to updating the market on the survey results. With an abundance of target areas at Ursa and several target generation programmes planned across our portfolio, 2024 will be a busy and exciting year for Cosa.\"Andy Carmichael, VP of Exploration commented: \"Since receiving the MobileMT™ airborne survey and 3D inversion results in 2023, we have been eager to launch ground-based follow-up surveying. The survey contractor Cosa selected for this work has extensive experience in the Athabasca Basin and has deployed cutting edge EM survey equipment to Ursa. We look forward to receiving the ground EM survey results and continuing to plan for the upcoming winter drill program. With the onset of frozen ground conditions in northern Saskatchewan, Cosa has also begun establishing a winter trail to access the Project ahead of drill mobilization.\"Electromagnetic SurveyingThe ground EM surveys are being completed to follow-up the property wide MobileMT™ airborne survey results announced on November 1st, 2023. From the airborne survey Cosa has identified 11 target areas which contain conductivity anomalies consistent with the unconformity-related uranium deposit model (Figures 2 and 3). Top priority target areas are structurally complex bas...