Keith Bodnarchuk, President and CEO, and Andy Carmichael, VP of Exploration of Cosa Resources Corp (TSX-V: COSA) (OTCQB: COSAF), both join me to review the news released on January 20th, which announced the core drilling plans for the Murphy Lake North Project for the winter exploration program. Murphy Lake North is a joint venture between Cosa and Denison Mines Corp. (TSX: DML) (NYSE American: DNN) and is located in the eastern Athabasca Basin, Saskatchewan. Cosa is the project operator and holds a 70% interest with Denison holding a 30% interest.
Keith walks us through the history that their experienced team has previously working for Denison Mines, as well as IsoEnergy, and their familiarity with this area of the eastern Athabasca Basin. In conjunction with this exploration campaign several other team members from Denison have joined the team at Cosa Resources, and they will be helping to support these exploration efforts.
Andy then walks us through the 1,600 meters of drilling planned for the first campaign on Murphy Lake North since 2005, and how the Larocque Lake Trend has been significantly revitalized since the 2018 discovery of the Hurricane Deposit – the world’s highest-grade Indicated Mineral Resource for uranium. He walks us through the 2 main target areas, which include the interpreted strike extension of Hurricane Deposit geology of the CH1 and CH2 conductive trends proximal to favorable historical drill results and intersections of uranium mineralization, within Murphy Lake North and following up on historical.
Keith the wraps up providing the projected timelines where the mobilization of drill and crew has already started and will continue into early February, and once everything is in place the drilling should take about 4 weeks to complete. There is the potential to have radioactivity readings from the drill core following that, and then an anticipated quick turnaround for the drill assays.
If you have any questions for Keith or Andy regarding Cosa Resources, then please email them in to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Cosa Resources at the time of this recording.
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