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Cosa Resources Begins Airborne Geophysical Survey at Charcoal and Castor Uranium Projects
Vancouver, British Columbia – TheNewswire - November 15, 2022 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce the s
About this update from Cosa Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - November 15, 2022 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce the start of an airborne geophysical survey on the Charcoal and Castor uranium projects. Both projects are 100% owned by the Company and located in the prolific Athabasca Basin in Northern Saskatchewan. Keith Bodnarchuk, President & CEO, commented: “The start of our exploration program on the recently acquired Charcoal and Castor uranium projects is an exciting development for Cosa. The timing of the airborne geophysical survey is important because it will set the Company up for more advanced exploration in 2023. We look forward to advancing our current uranium assets and continuing to explore value accretive opportunities for our team and project portfolio.” The Survey Geotech Airborne Geophysical Surveys (Geotech Ltd.) has been contracted to fly a 1,540 line-km of Versatile Time-Domain Electromagnetic (VTEM™ Plus) and Horizontal Magnetic Gradiometer survey over the Castor and Charcoal projects. The VTEM™ Plus system will be flown over the project lands with flight lines spaced at 150m apart, providing high-resolution imaging of potential mineralizing systems associated with basement-hosted uranium deposits. The survey is now underway and will help to characterize the geology of the projects by locating conductive stratigraphy and alteration zones in areas of structural complexity. Surveying is expected to be complete within two to four weeks and data processing and interpretation of the results will follow immediately afterward. The Projects Charcoal A large, 21,080 ha property, Charcoal is located 52 km northeast of Cameco Corp.’s Rabbit Lake – Eagle Point mine operations. The property sits within a prominent magnetic low anomaly that extends northeast from the mine (Figure 1). The magnetic low signature likely indicates the presence of prospective metasedimentary bedrock beneath the glacial till cover. Additionally, historical assessment records from the Government of Saskatchewan indicate the presence of numerous airborne electromagnetic conductors, possibly indicating the presence of graphitic metasediments and associated brittle faults, which are often associated with uranium mineralization in the Athabasca Basin. The property is 8 km up-ice from a historical ...