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 March 20, 2025 reporting that the inaugural drill program has confirmed that the Murphy Lake North Uranium Project contains up to 2 kilometres strike length of the extension of geology underpinning the Hurricane deposit. 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.
Highlights
- Located and defined the Hurricane trend extension within Murphy Lake North, the primary objective of the inaugural drilling campaign
- Final drill hole intersected a significant zone of sandstone-hosted alteration and structure, overshooting optimal target by 25 metres; zone is open along strike in both directions and up to two kilometres of untested Hurricane trend strike length is interpreted within Murphy Lake North
Andy walks us through the extension of the Hurricane Trend, where the historic exploration holes were drilled, and where the 4 drill holes from this maiden drill program were located. Not only did they find the right faulting and geological structure, but they also found the alteration zone in the sandstone that tells them they are vectoring in on the right areas. Plans are in development for a fully funded summer drill program to follow up winter drilling results.
Keith wraps us up covering the financial strength of the company, reviews their recent capital raise, and key strategic shareholders. The company is well-funded to proceed with their summer drill program and initiatives on other properties.
If you have any questions for Keith or Andy regarding Cosa Resources, then please email them in to me at Shad@kereport.com.
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* In full disclosure, Shad is a shareholder of Cosa Resources at the time of this recording.
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