Business
Cosa Resources Announces Airborne Geophysical Surveys at Ursa, Orion Uranium Projects in Athabasca Basin, Saskatchewan
Vancouver, British Columbia – TheNewswire - May 11, 2023 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce it has eng
About this update from Cosa Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - May 11, 2023 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce it has engaged Expert Geophysics Limited (“Expert”) to conduct airborne MobileMT™ surveys at its 100% owned Ursa and Orion uranium projects in the Athabasca Basin. Highlights Magnetotelluric (MT) survey method capable of detecting basement electromagnetic (EM) conductors and anomalous resistivity zones in the sandstone Planned surveying totals 2,900 line-kilometres to provide property-wide coverage at Ursa and Orion Modern geophysical dataset will facilitate identification and prioritization of target areas for follow-up Keith Bodnarchuk, President & CEO, commented: “Cosa’s first pass work at the Ursa and Orion projects demonstrates our commitment to efficiently and effectively exploring these projects for the next major uranium deposit. We are eager to see the results of this survey and work towards drill testing.” Andy Carmichael, VP of Exploration commented: “Ursa and Orion contain nearly 75 kilometres of combined strike length of highly underexplored magnetic lows hosting EM conductors. With such a large area to explore, MobileMT results will evaluate prospective corridors in their entirety to identify and prioritize key areas for follow-up.” Planned Survey Approximately 2,900 line-kilometres of MobileMT surveying is planned at Ursa and Orion in summer 2023, with 90% of the work to be completed at Ursa. MobileMT is a modern, helicopter-borne, magnetotelluric (MT) survey system capable of detecting both the basement-hosted EM conductors and sandstone-hosted zones of anomalous resistivity commonly associated with significant Athabasca Basin uranium deposits. MobileMT is capable of resolving resistivity contrasts to depths exceeding 1000 metres, and MT surveys have mapped basement conductors and sandstone alteration zones at both the McArthur River and Shea Creek uranium deposits. The planned survey is a time- and cost-effective approach to gaining a high-level assessment of the nearly 75 kilometres of underexplored, prospective strike length covered by the properties, and will accelerate exploration through the prioritization of target areas. Surveying is planned to begin in late June and will take approximately three weeks to complete. Ursa Property ...