Global Uranium Advances Athabasca Basin Exploration with Launch of ZTEM Survey at Astro Project
Global Uranium and Cosa Resources have launched a significant geophysical survey at the Astro Uranium Project in Saskatchewan's eastern Athabasca Basin. The helicopter-borne ZTEM survey, conducted by Geotech, will cover over 1,460 line-kilometers to identify deep basement conductors and potential uranium deposits.
This initiative is part of Global Uranium's earn-in agreement with Cosa, announced April 9th, 2025, allowing Global to earn up to 80% project interest. The Astro Project, located 28 kilometers from Cameco's McArthur River Mine, features over 40 kilometers of untested magnetic low strike length.
The survey data will be analyzed by Condor Consulting to guide future exploration, including Ambient Noise Tomography, ground EM surveys, and drill testing planned for 2025-2026. Historical drilling has already identified promising alteration features and geochemical signatures typical of uranium systems.
Global Uranium e Cosa Resources hanno avviato un'importante indagine geofisica presso il Progetto Uranio Astro nella parte orientale del Bacino di Athabasca, Saskatchewan. L'indagine ZTEM condotta tramite elicottero, eseguita da Geotech, coprirà oltre 1.460 chilometri lineari per identificare conduttori profondi del basamento e potenziali depositi di uranio.
Questa iniziativa fa parte dell'accordo di earn-in tra Global Uranium e Cosa, annunciato il 9 aprile 2025, che consente a Global di acquisire fino all'80% di interesse nel progetto. Il Progetto Astro, situato a 28 chilometri dalla miniera McArthur River di Cameco, presenta oltre 40 chilometri di lunghezza di basso magnetismo non ancora testata.
I dati raccolti saranno analizzati da Condor Consulting per guidare le esplorazioni future, inclusi la Tomografia del Rumore Ambientale, indagini EM a terra e prove di perforazione previste per il 2025-2026. Le perforazioni storiche hanno già individuato caratteristiche di alterazione promettenti e firme geochimiche tipiche dei sistemi di uranio.
Global Uranium y Cosa Resources han iniciado una importante encuesta geofísica en el Proyecto Uranio Astro en la cuenca de Athabasca oriental de Saskatchewan. La encuesta ZTEM realizada desde helicóptero, llevada a cabo por Geotech, cubrirá más de 1,460 kilómetros lineales para identificar conductores profundos del basamento y posibles depósitos de uranio.
Esta iniciativa forma parte del acuerdo de earn-in de Global Uranium con Cosa, anunciado el 9 de abril de 2025, que permite a Global obtener hasta un 80% de interés en el proyecto. El Proyecto Astro, ubicado a 28 kilómetros de la mina McArthur River de Cameco, cuenta con más de 40 kilómetros de longitud de baja magnetización sin explorar.
Los datos de la encuesta serán analizados por Condor Consulting para orientar futuras exploraciones, incluyendo Tomografía de Ruido Ambiental, encuestas EM terrestres y pruebas de perforación previstas para 2025-2026. Las perforaciones históricas ya han identificado características de alteración prometedoras y firmas geoquímicas típicas de sistemas de uranio.
글로벌 우라늄과 코사 리소스는 사스카추완 동부 애서배스카 분지에 위치한 아스트로 우라늄 프로젝트에서 중요한 지구물리학 조사를 시작했습니다. Geotech가 수행하는 헬리콥터 탑재 ZTEM 조사는 1,460킬로미터 이상의 라인 구간을 커버하여 심층 기저부 전도체와 잠재적인 우라늄 매장지를 탐색합니다.
이 프로젝트는 2025년 4월 9일 발표된 글로벌 우라늄과 코사의 인수 계약의 일환으로, 글로벌 우라늄이 프로젝트 지분 최대 80%를 획득할 수 있도록 합니다. 아스트로 프로젝트는 Cameco의 맥아더 리버 광산에서 28킬로미터 떨어진 곳에 위치하며, 40킬로미터 이상의 미검증 저자기장 구간을 포함합니다.
조사 데이터는 Condor Consulting이 분석하여 향후 탐사를 안내할 예정이며, 여기에는 환경 소음 단층 촬영, 지상 EM 조사 및 2025-2026년 예정된 시추 테스트가 포함됩니다. 과거 시추 작업에서는 우라늄 시스템에 흔히 나타나는 유망한 변질 특성과 지구화학적 신호가 이미 확인되었습니다.
Global Uranium et Cosa Resources ont lancé une importante enquête géophysique sur le Projet Uranium Astro dans le bassin d'Athabasca oriental, en Saskatchewan. L'enquête ZTEM menée par hélicoptère, réalisée par Geotech, couvrira plus de 1 460 kilomètres linéaires afin d'identifier des conducteurs profonds du socle et des dépôts potentiels d'uranium.
Cette initiative s'inscrit dans le cadre de l'accord d'earn-in entre Global Uranium et Cosa, annoncé le 9 avril 2025, permettant à Global d'acquérir jusqu'à 80 % d'intérêt dans le projet. Le projet Astro, situé à 28 kilomètres de la mine McArthur River de Cameco, comprend plus de 40 kilomètres de longueur de faible magnétisme non testée.
Les données de l'enquête seront analysées par Condor Consulting afin d'orienter les futures explorations, incluant la tomographie par bruit ambiant, des levés EM au sol et des tests de forage prévus pour 2025-2026. Les forages historiques ont déjà identifié des caractéristiques d'altération prometteuses et des signatures géochimiques typiques des systèmes d'uranium.
Global Uranium und Cosa Resources haben eine bedeutende geophysikalische Untersuchung im Astro Uranium Projekt im östlichen Athabasca-Becken von Saskatchewan gestartet. Die von Geotech durchgeführte ZTEM-Helikopterbefliegung wird über 1.460 Linienkilometer abdecken, um tiefliegende Grundgebirgskonduktoren und potenzielle Uranvorkommen zu identifizieren.
Diese Initiative ist Teil der Earn-in-Vereinbarung von Global Uranium mit Cosa, die am 9. April 2025 angekündigt wurde und Global ermöglicht, bis zu 80 % Projektanteil zu erwerben. Das Astro-Projekt, 28 Kilometer von Camecos McArthur River Mine entfernt, verfügt über mehr als 40 Kilometer ungetestete magnetisch niedrige Streckenlänge.
Die Umfragedaten werden von Condor Consulting analysiert, um zukünftige Explorationen zu steuern, darunter Ambient Noise Tomographie, bodengestützte EM-Untersuchungen und Bohrtests, die für 2025-2026 geplant sind. Frühere Bohrungen haben bereits vielversprechende Alterationsmerkmale und geochemische Signaturen typischer Uran-Systeme identifiziert.
- Strategic earn-in agreement allows Global Uranium to acquire up to 80% interest in Astro Project
- Project location is just 28km from Cameco's McArthur River Mine, a world-class uranium deposit
- Fully funded ZTEM survey program covering 1,460 line-kilometers
- Property contains over 40km of untested magnetic low strike length
- Historical drilling has identified uranium system indicators in the area
- Only 25% of the property has been previously surveyed
- Additional costly exploration phases (ANT, ground EM surveys, drilling) will be required in 2025-2026
- No immediate revenue generation as project is in early exploration phase
ZTEM Survey to Map Deep Conductive Targets Across Underexplored Uranium Corridor Near McArthur River Mine
CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the "Company" or “Global”) and Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) (“Cosa”) are pleased to announce that geophysical surveying has commenced at the Astro Uranium Project in the eastern Athabasca Basin, Saskatchewan. This fully funded program marks the first phase of Global Uranium’s multi-stage earn-in agreement with Cosa announced by the Company on April 9th, 2025, giving Global the right to earn up to an
The helicopter-borne ZTEM survey, carried out by Geotech Ltd., is designed to provide property-wide electromagnetic coverage to identify deep basement conductors, structural features, and zones of alteration commonly associated with high-grade uranium deposits. The survey will total over 1,460 line-kilometres and will significantly expand on the less than
“Launching this comprehensive airborne survey underscores our strategic commitment to unlocking the full exploration potential of the Astro Project,” said Ungad Chadda, CEO of Global Uranium. “Our focus is on high-impact exploration in proven uranium jurisdictions, and Astro fits squarely within that vision. This program is a key step toward defining high-priority drill targets in a region known for world-class uranium deposits.”
The ZTEM data will be interpreted by Condor Consulting Inc., recognized experts in Athabasca Basin geophysics, and will inform a follow-up campaign involving Ambient Noise Tomography (ANT), ground EM surveys, and drill testing of the most prospective areas in 2025 and 2026.
The Astro Project is located approximately 28 kilometres from Cameco’s McArthur River Mine and contains over 40 kilometres of untested magnetic low strike length with limited modern geophysical coverage. Historical drilling in the area has identified alteration features and geochemical signatures associated with unconformity-style uranium systems. Global Uranium’s exploration approach is designed to rapidly and efficiently assess these targets through modern survey techniques and strategic drilling.
QUALIFIED PERSON
Jared Suchan, Ph.D., P.Geo., Global Uranium’s Vice President of Exploration and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
ABOUT GLOBAL URANIUM CORP.
Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. In addition to its rights under the Option Agreement, the Company currently has rights to the following other uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.
ABOUT COSA RESOURCES CORP.
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. Its portfolio comprises roughly 237,000 ha across multiple
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. In addition to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison’s Gryphon deposit.
ON BEHALF OF THE BOARD OF DIRECTORS
Ungad Chadda
CEO
587-330-0045
info@globaluranium.com
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things: the Project, including the prospectivity of the Project, its potential to host extensions of the McArthur River/Fox Lake Structural Corridor and other beneficial geological trends; the Company’s ability to establish the Project as a significant contributor to the Athabasca Basin's uranium landscape; and the Company’s and Cosa’s exploration plans with respect to the Project, including the Project’s candidacy for advanced geophysical exploration and drilling to delineate compelling targets. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including the assumption that: the historical work done with respect to the Project is representative of the actual geological nature of the Project; that the Project may share the geological characteristics of nearby projects, deposits and mines; and that the Company and Cosa will successfully collaborate with respect to the exploration of the Project pursuant to the Option Agreement, including by progressing advanced geophysical exploration and drilling. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include: the risk that the Company does not earn-in to any interest in the Project pursuant to the Option Agreement; risks inherent in the Company and Cosa’s joint exploration of the Project, including the risk that the Company and Cosa disagree on the manner or timeline for the exploration of the Project and/or are unable to collaborate on the exploration of the Project successfully pursuant to the Option Agreement; risks inherent in the exploration and development of mineral deposits, including risks relating to receiving requisite permits and approvals, changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a project; that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company; that the characteristics of the Project may not reflect the characteristics of nearby projects, deposits and mines; operational risks; regulatory risks, including risks relating to the CSE’s approval of the share issuances pursuant to the Option Agreement and the acquisition of the necessary licenses and permits to conduct exploration on the Project; financing, capitalization and liquidity risks; title and environmental risks; and risks relating to the failure to receive all requisite regulatory approvals. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
FAQ
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