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Cosa's Initial Drilling Program at Murphy Lake North Uranium Project Identifies Two Kilometre Strike Extension of Hurricane Trend
Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Cosa Resources Corp. ( TSXV: C...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa's Initial Drilling Program at Murphy Lake North Uranium Project Identifies Two Kilometre Strike Extension of Hurricane TrendVancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to report the inaugural drill program has confirmed that the Murphy Lake North Uranium Project contains up to 2 kilometres strike length of the extension of geology underpinning the Hurricane deposit. Murphy Lake North (\"MLN\" or the \"Property\") is a joint venture (the \"Joint Venture\") between Cosa and Denison Mines Corp. (\"Denison\") (TSX: DML) (NYSE American: DNN) and is located in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.HighlightsLocated and defined the Hurricane trend extension within Murphy Lake North, the primary objective of the inaugural drilling campaignFinal drill hole intersected a significant zone of sandstone-hosted alteration and structure, overshooting optimal target by 25 metres; zone is open along strike in both directions and up to two kilometres of untested Hurricane trend strike length is interpreted within Murphy Lake NorthPlans are in development for a fully funded summer drill program to follow up winter drilling resultsKeith Bodnarchuk, Cosa President and CEO, commented: \"The results of our inaugural drill program at the Murphy Lake North Joint Venture have exceeded our expectations and have confirmed our thesis that MLN hosts the same geology underpinning the Hurricane deposit only a few kilometres away. These initial results require immediate follow up, leading to the decision to leave the drill and equipment on-site to ensure a seamless summer start-up and significant cost savings. Having recently closed our C$6 million oversubscribed private placement, we are fully funded for the foreseeable future and intend to meet with our Joint Venture partner and largest shareholder, Denison Mines, as soon as possible to develop plans for an exciting follow up drill program.\"Andy Carmichael, Cosa VP Exploration, commented: \"The key objective of winter drilling at MLN was to locate and define the extension of Hurricane trend basement rocks and structures within the Property. In addition to meeting that objective, the final ...