Keith Bodnarchuk, President and CEO of Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF), joins us to review the news today where the next phase of exploration with a 4,000 meter drill program has commenced at their Ursa Uranium Project in the Athabasca Basin region of Saskatchewan. The Ursa Project 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.
Over the past 12 months the team has progressed Ursa from a high upside and severely underexplored project to one that has been strategically advanced by modern geophysics and is ready for more focused drill testing. The objectives of the exploration program are to follow-up the results of winter drilling at the Kodiak target area, follow-up on compelling geochemistry identified in historical drilling at both the Kodiak and Grizzly target areas, along with completing an initial test of Ambient Noise Tomography (ANT) derived target areas. Drilling at the Kodiak target area will follow-up a significant zone of sandstone alteration and structure with geochemical enrichment intersected by 2024 drill hole UR24-03. Drilling at the Grizzly target area will evaluate the down-dip extension of strongly anomalous uranium geochemistry with structure and alteration intersected in multiple historical drill holes.
There will be airborne survey results at both Aurora and Orbit released to the market later this year, as they vector in on drill targets for the 2025 season. The Company remains fully funded to complete all of their exploration plans for balance of 2024 and into 2025.
If you have any questions for Keith regarding Cosa Resources, then please email them in to us at Shad@kereport.com or Fleck@kereport.com.
- In full disclosure, Shad is a shareholder of Cosa Resources at the time of this recording.
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