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Cosa Receives Exploration Permits for the Ursa Uranium Project in the Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Cosa Resources Corp. (TSXV: ...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Receives Exploration Permits for the Ursa Uranium Project in the Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce it has received the necessary permits from the Saskatchewan Government to conduct ground-based geophysics and diamond drilling exploration work on its 100% owned Ursa uranium project in the Athabasca Basin, Saskatchewan (\"Ursa\", or the \"Property\"). HighlightsPermitted activities include access trail construction, camp establishment, diamond drilling and geophysical surveyingPermits are valid until June 2025, allowing for multiple seasons of drill testingTrail building is expected to commence Q4/2023 followed by ground-based geophysics and diamond drilling in Q1/2024Keith Bodnarchuk, President & CEO, commented: \"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. 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.\"Next StepsWith the receipt of permits, Cosa is continuing procurement to support exploration programs in winter 2024. Selection of contractors to complete trail establishment, geophysical surveying, diamond drilling, and temporary work camps is underway. It is anticipated 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 (Figures 2 and 3). To streamline 2024 exploration, Cosa intends to utilize the winter access trail to mobilize supplies and equipment for an expanded summer drilling campaign at Ursa.About UrsaUrsa covers 65 kilometres of strike length of the Cable Bay Shear Zone, a highly prospective and underexplored geological analogue to the se...