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Cosa Resources Corp. reports uranium exploration developments across its northern Saskatchewan portfolio in the Athabasca Basin. Company news centers on drilling, anomalous radioactivity and uranium assay results, target generation, and geological interpretation at projects including Murphy Lake North and Darby, where Cosa operates joint ventures with Denison Mines.
Updates also cover project expansions, claim additions, strategic collaboration activity, and option agreements affecting assets such as Orion and Aurora. Recurring disclosures describe Athabasca Basin exploration targets, graphitic basement structures, sandstone alteration, unconformity settings, and the company's mix of wholly owned and operated joint venture uranium projects.
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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