Cosa Resources Announces Mobilization of Drill Crews to its 100% Owned Ursa Uranium Project, Athabasca Basin, Saskatchewan
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has announced the mobilization of drill crews to its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan. The company plans up to 4,000 metres of drilling in its second diamond drilling campaign at Ursa. Key points include:
- Targeting follow-up on sandstone-hosted alteration and structure with associated anomalous uranium geochemistry
- Anticipated receipt of preliminary geophysical models across multiple projects
- Drilling expected to commence shortly and continue into October
- Results of Ambient Noise Tomography (ANT) surveys at Ursa and Orion projects expected in early September
- Geophysical interpretations from airborne VTEM and gravity surveys at Aurora and Orbit expected in coming weeks
The company aims to update stakeholders with detailed plans in the coming days and remains committed to discovering the next tier-1 uranium deposit in the Athabasca Basin.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) ha annunciato la mobilitazione delle squadre di perforazione per il suo progetto Ursa, che è interamente posseduto, nella formazione dell'Athabasca, Saskatchewan. L'azienda prevede fino a 4.000 metri di perforazione nella sua seconda campagna di perforazione a diamante a Ursa. I punti chiave includono:
- Obiettivo di seguire le alterazioni e la struttura ospitate in arenaria con geochimica dell'uranio anomala associata
- Ricezione anticipata di modelli geofisici preliminari su più progetti
- Inizio delle perforazioni previsto a breve e continuazione fino a ottobre
- Risultati dei sondaggi di Tomografia a Rumore Ambientale (ANT) nei progetti Ursa e Orion attesi per i primi di settembre
- Interpretazioni geofisiche dai sondaggi aerei VTEM e di gravità ad Aurora e Orbit attese nelle prossime settimane
L'azienda mira ad aggiornare gli stakeholder con piani dettagliati nei prossimi giorni e rimane impegnata nella scoperta del prossimo deposito di uranio di prima categoria nella formazione dell'Athabasca.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) ha anunciado la movilización de equipos de perforación para su proyecto de uranio Ursa, de propiedad total, en la cuenca de Athabasca, Saskatchewan. La empresa planea hasta 4,000 metros de perforación en su segunda campaña de perforación con diamante en Ursa. Los puntos clave incluyen:
- Enfoque en el seguimiento de alteraciones y estructuras hospedadas en arenisca con química del uranio anómala asociada
- Recepción anticipada de modelos geofísicos preliminares en múltiples proyectos
- La perforación se espera que comience en breve y continúe hasta octubre
- Resultados de las encuestas de Tomografía de Ruido Ambiental (ANT) en los proyectos Ursa y Orion se esperan a principios de septiembre
- Interpretaciones geofísicas de encuestas aéreas VTEM y de gravedad en Aurora y Orbit esperadas en las próximas semanas
La empresa tiene como objetivo actualizar a los interesados con planes detallados en los próximos días y se mantiene comprometida a descubrir el próximo depósito de uranio de primera categoría en la cuenca de Athabasca.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF)는 드릴 팀을 동원한다고 발표했습니다 수익의 100%를 소유한 아사바스카 분지, 서스캐처원에 있는 우르사 우라늄 프로젝트에 대해. 회사는 우르사에서 최대 4,000미터의 시추를 계획하고 있습니다 두 번째 다이아몬드 시추 캠페인에서. 주요 사항은 다음과 같습니다:
- 비정상적인 우라늄 지화학과 관련된 사암 기반의 변형 및 구조 후속 타깃
- 여러 프로젝트에 대한 초기 지구물리학 모델이 조만간 수신될 것으로 예상됨
- 시추가 곧 시작되고 10월까지 계속될 것으로 예상됨
- 우르사 및 오리온 프로젝트의 환경 소음 투영 (ANT) 결과가 9월 초에 발표될 것으로 예상됨
- 오로라 및 오르빗에서의 공중 VTEM 및 중력 조사에 대한 지구물리학적 해석이 향후 수주 내에 발표될 것으로 예상됨
회사는 근 days에 자세한 계획으로 이해 관계자를 업데이트하는 것을 목표로 하며 아사바스카 분지에서 차세대 1급 우라늄 매장지를 발견하는 데 전념하고 있습니다.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) a annoncé la mobilisation des équipes de forage pour son projet d'uranium Ursa, entièrement détenu, dans le bassin d'Athabasca, Saskatchewan. L'entreprise prévoit jusqu'à 4 000 mètres de forage lors de sa deuxième campagne de forage diamanté à Ursa. Les points clés incluent :
- Ciblage de la suite sur les altérations et structures hébergées dans le grès avec géochimie de l'uranium anormale associée
- Réception anticipée des modèles géophysiques préliminaires sur plusieurs projets
- Forage prévu pour commencer prochainement et se poursuivre jusqu'en octobre
- Résultats des enquêtes de Tomographie du Bruit Ambiant (ANT) sur les projets Ursa et Orion attendus début septembre
- Interprétations géophysiques des enquêtes aéroportées VTEM et gravimétriques à Aurora et Orbit attendues dans les semaines à venir
L'entreprise vise à mettre à jour les parties prenantes avec des plans détaillés dans les jours à venir et reste déterminée à découvrir le prochain gisement d'uranium de premier plan dans le bassin d'Athabasca.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) hat die Mobilisierung von Bohrteams angekündigt für ihr zu 100% eigenes Ursa-Uran-Projekt im Athabasca-Becken in Saskatchewan. Das Unternehmen plant bis zu 4.000 Meter Bohrungen in seiner zweiten Diamantbohrkampagne bei Ursa. Wichtige Punkte sind:
- Zielverfolgung der in Sandstein-hosted Alterationen und Strukturen mit assoziierter anomaler Uran-Geochemie
- Erwarteter Erhalt von vorläufigen geophysikalischen Modellen über mehrere Projekte
- Bohrungen sollen kurzfristig beginnen und bis Oktober fortgesetzt werden
- Ergebnisse der Ambient Noise Tomography (ANT) Umfragen bei den Ursa- und Orion-Projekten, die Anfang September erwartet werden
- Geophysikalische Interpretationen aus Luft-VTEM- und Gravitätsbefragungen bei Aurora und Orbit, die in den kommenden Wochen erwartet werden
Das Unternehmen hat sich zum Ziel gesetzt, in den kommenden Tagen die Stakeholder mit detaillierten Plänen zu aktualisieren und bleibt entschlossen, das nächste Tier-1-Uranlager im Athabasca-Becken zu entdecken.
- Initiation of second drilling campaign at 100% owned Ursa uranium Project
- Planned drilling of up to 4,000 metres
- Expansion of exploration activities with geophysical surveys across multiple projects
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that personnel have mobilized to the Company's
Highlights
Up to 4,000 metres of drilling planned for the second diamond drilling campaign at Ursa
Targets include follow-up on sandstone-hosted alteration and structure with associated anomalous uranium geochemistry
Additional guidance on drill targets and status of geophysical programs to be released in the coming days
Keith Bodnarchuk, President and CEO, commented: "We are thrilled to begin mobilization to the
Mobilization and Geophysics
Cosa's technical team, support contractors, and diamond drilling crews have mobilized and are expected to reach the Ursa camp in the coming days. Drilling is expected to commence shortly thereafter and continue into October. The Company remains dedicated to the effective pursuit of the Athabasca Basin's next tier-1 uranium discovery and aims to update the market with details on drill targets once drilling has commenced.
Results of the Ambient Noise Tomography (ANT) surveys completed at the Ursa and Orion projects are expected in early September and will be used to aid additional drill targeting at Ursa. Recent drilling targeting ANT anomalies proximal to at least one eastern Athabasca uranium deposit has intersected favourable hydrothermal alteration and structure in the Athabasca sandstone, validating the method's potential to prioritize target areas. The technology has also been used to identify previously unknown drill targets within proven exploration corridors.
Additionally, geophysical interpretations from recently completed airborne VTEM and gravity surveys at Aurora and Orbit are expected in the coming weeks. The results of these surveys will guide first-pass drilling currently scheduled in 2025.
About Cosa Resources Corp.
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 216,000 ha across multiple projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.
Cosa's award-winning management team has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy's Hurricane deposit. Prior to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison Mines' Gryphon deposit and 92 Energy's Gemini Zone and held key roles in the founding of both NexGen and IsoEnergy.
Cosa's primary focus through 2024 is initial drilling at our Ursa Project, which captures over 60-kilometres of strike length of the Cable Bay Shear Zone, a regional structural corridor with known mineralization and limited historical drilling. It potentially represents the last remaining eastern Athabasca corridor to not yet yield a major discovery. Modern geophysics completed by Cosa in 2023 identified multiple high-priority target areas characterized by conductive basement stratigraphy beneath or adjacent to broad zones of inferred sandstone alteration - a setting that is typical of most eastern Athabasca uranium deposits. Initial drilling results from Ursa in winter 2024 are positive and include the intersection of a broad zone of alteration with associated structure in the Athabasca sandstone located 250 to 460 metres above the sub-Athabasca unconformity. Follow-up is planned for the second half of 2024.
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to properties in which the Company has no interest. Mineralization on those neighbouring properties does not necessarily indicate mineralization on the Company's properties.
Contact
Keith Bodnarchuk, President and CEO
info@cosaresources.ca
+1 888-899-2672 (COSA)
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company's exploration and development plans. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including the price of uranium and other commodities; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221469
FAQ
What is the planned drilling depth for Cosa Resources' Ursa uranium Project in 2024?
When are the results of the Ambient Noise Tomography (ANT) surveys for Cosa Resources' Ursa and Orion projects expected?
What geophysical surveys has Cosa Resources recently completed at its Aurora and Orbit projects?
When is Cosa Resources planning to conduct first-pass drilling at Aurora and Orbit projects?
