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Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU), a Canadian uranium exploration company, has recently acquired the 100% owned Cosmo uranium property in the Athabasca Basin, Saskatchewan. The property covers 12 claims totaling 9,308 hectares and is strategically located near existing infrastructure, making it a promising exploration prospect. With a focus on clean energy projects, Cosa Resources aims to further strengthen its portfolio and advance its projects towards drilling.
The company's management team, including President and CEO Keith Bodnarchuk and VP of Exploration Andy Carmichael, has a proven track record of success in uranium exploration in Saskatchewan. Cosa Resources plans to conduct an initial diamond drilling program at the Ursa Project, following the completion of ground-based geophysical surveying, to evaluate the Kodiak target area and identify potential mineralization.
In addition to its drilling activities at Ursa, Cosa Resources is planning extensive Ambient Noise Tomography (ANT) surveys at Ursa and Orion to prioritize strike and refine future drill targets. The company is also conducting airborne electromagnetic (EM) and gravity surveys at the Aurora and Orbit projects to advance these properties towards drill readiness for 2025.
As part of its commitment to exploration excellence, Cosa Resources has appointed Daniel Hrabok as Senior Project Geologist. With over a decade of experience in uranium exploration, Mr. Hrabok's expertise will further enhance the company's technical capabilities and support its ongoing exploration efforts in the Athabasca Basin.
Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has entered an agreement to expand its Orbit Uranium Project in Saskatchewan's Athabasca Basin. The acquisition includes two mineral claims totaling 6,049 hectares, doubling the project's footprint to 12,718 hectares. This expansion increases Cosa's control of untested strike length to eight kilometres, located on trend with uranium mineralization and favorable geological features.
The expanded Orbit Project is situated 19 km south of the Athabasca Basin and 22 km south of the Key Lake Mill. Despite the area's proximity to significant historical uranium production, it has seen little modern exploration. Cosa aims to complete initial drill testing at the Orbit Project in 2025. The acquisition will be completed through the issuance of 250,000 common shares to Skyharbour Resources , subject to TSXV approval.
Cosa Resources has completed ground and airborne geophysical surveys at its Ursa, Orion, Astro, and Orbit uranium projects in the Athabasca region. These surveys are a important step in identifying promising drill targets. The surveys include Ambient Noise Tomography (ANT) at Ursa and Orion, and airborne EM and gravity surveys at Aurora and Orbit.
The ANT survey at Ursa used 746 nodes over 27 kilometers, focusing on conductive zones that showed significant alteration. At Orion, 184 nodes were deployed to cover key conductive anomalies identified in 2023. The airborne surveys at Aurora and Orbit aimed to map basement-hosted conductive features and gravity anomalies, which will guide 2025 exploration efforts. The company has also granted 1,179,000 stock options to its directors, officers, employees, and advisors, set to vest over three years with an exercise price of $0.305 per share.
These developments are fully funded by a $6.5 million financing completed earlier this year, positioning Cosa well for upcoming drilling programs.
Cosa Resources Corp. (TSXV: COSA, OTCQB: COSAF, FSE: SSKU) announced the voting results from its Annual General and Special Meeting of Shareholders held on June 12, 2024.
Shareholders approved all matters, including the reappointment of D&H Group LLP as auditors (99.98% in favor), setting the number of directors at five (99.95% in favor), and ratifying the Stock Option Plan (98.77% in favor).
A total of 14,602,734 common shares (25.75% of outstanding shares) were voted.
Directors elected were Steve Blower (99.87% in favor), Keith Bodnarchuk (99.01% in favor), Janine Richardson (99.87% in favor), Wes Short (99.82% in favor), and Ted Trueman (99.86% in favor).
Cosa Resources has announced the start of Ambient Noise Tomography (ANT) surveys at its Ursa and Orion Uranium Projects in the Athabasca Basin. This survey will cover 27 kilometers of conductive strike length at Ursa and a kilometre-scale zone of sandstone hosted conductivity anomaly at Orion. The surveys aim to locate hydrothermal alteration systems at depth, guiding future drilling including the upcoming summer program at Ursa. Additionally, Daniel Hrabok, a seasoned Professional Geoscientist, has joined Cosa as Senior Project Geologist. Hrabok brings over a decade of uranium exploration experience and has worked on notable projects in the Athabasca and Thelon Basins. His expertise is expected to significantly enhance Cosa's exploration capabilities.
Cosa Resources Corp. announces its summer exploration plans for Athabasca Basin uranium projects, including diamond drilling at Ursa, ANT surveys at Ursa and Orion, and airborne EM and gravity surveying at Aurora and Orbit. The company is fully funded for this work post a C$6.5 million bought deal financing, aiming to capitalize on a strengthening uranium market by expanding its drill target pipeline. ANT surveys at Ursa and Orion will help prioritize targets, while EM and gravity surveys at Aurora and Orbit aim to advance these projects towards drill readiness for 2025.
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