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Cosa Resources Announces Commencement of Diamond Drilling at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Cosa Resources Corp. (TSXV: COSA...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Resources Announces Commencement of Diamond Drilling at the 100% Owned Ursa Uranium Project in the Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce that following completion of ground-based geophysical surveying, the Company has commenced diamond drilling at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (\"Ursa\" or the \"Property\").HighlightsUp to 3,000 metres of drilling planned to evaluate the highly prospective Kodiak target areaInterpretation of historical boulder geochemistry survey results identified large illite, uranium, and boron anomalies down-ice of the Kodiak target area Mobilization of additional fuel and supplies to facilitate larger spring and summer drill program is underwayKeith Bodnarchuk, President and CEO, commented: \"After months of assembling an industry-leading exploration team and a portfolio of prospective and underexplored uranium projects, we are thrilled to announce Cosa's inaugural drill program at our 100% owned Ursa Project is underway. We want to thank our stakeholders, shareholders, and supporters for their enthusiasm as we work towards our goal of discovering the Athabasca Basin's next major uranium deposit. With the close of our $6.5 million financing expected soon, we are ready to begin testing targets at Ursa while advancing multiple other key projects towards drill readiness. The additional funding will also allow us to expand summer drilling at Ursa where warranted. We look forward to updating the market on exploration results.\"Andy Carmichael, VP of Exploration, commented: \"We would like to thank Accurate Industries, Bryson Drilling, Matrix Camps, and Athabasca Catering for their valued contributions to getting this drill campaign underway under difficult winter conditions. The recently completed ground geophysical survey confirmed quality basement conductors are present in target areas identified from the Property-wide 2023 MobileMT survey. Compilation of historical data has identified geochemical anomalies in boulders down-ice of several of Cosa's geophysically-driven target areas. We are excited to be drilling this large and prospective Project.\"Diamond Drilling at UrsaUp to 3,000 metres of dia...