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Cosa Resources Announces Results of Airborne Geophysics at the 100% Owned Ursa and Orion Uranium Projects in the Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - Cosa Resources Corp. (TSXV: C...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Resources Announces Results of Airborne Geophysics at the 100% Owned Ursa and Orion Uranium Projects in the Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce the results of project-wide MobileMT surveys at its 100% owned Ursa and Orion uranium projects in the Athabasca Basin, Saskatchewan (\"Ursa\", \"Orion\" or the \"Property\"). HighlightsMore than 110 kilometres of basement conductive trend defined, including over 100 kilometres at Ursa and over 10 kilometres at OrionLarge, deeply rooted basement structures fundamental to the formation of Athabasca uranium deposits are interpreted to be present at both projectsMultiple kilometre-scale, sandstone-hosted conductive anomalies suggest hydrothermal alteration zones characteristic of Athabasca uranium deposits are presentEleven initial target areas identified, none of which have been tested by historical drillingFollow-up will include ground geophysics to refine targets in advance of drill testingKeith Bodnarchuk, President & CEO, commented: \"Given the size and amount of unexplored land at both the Ursa and Orion Projects, we invested in a modern and comprehensive survey to highlight the most prospective areas, and we are thrilled to report that these results have exceeded our expectations for both Projects. Previous operators in the area were limited by now-obsolete airborne geophysical technology, and historical drilling targeted conductive zones based on small ground electromagnetic (EM) surveys. Cosa's new 3-D conductivity model suggests that all 15 historical drill holes were completed in low-priority areas. Our thesis that Ursa and Orion would be significantly upgraded with a full modern geophysical survey has proven correct, with the identification of 11 initial high priority target areas. Cosa is now set up to advance exploration at Ursa and Orion in 2024 and beyond.\"Andy Carmichael, VP of Exploration commented: \"We completed MobileMT™ surveys to rapidly develop target areas and avoid expensive, systematic exploration of these expansive and highly underexplored Projects. Having identified multiple areas with geophysical signatures consistent with known Athabasca Basin uranium deposits, Cosa has est...