Cosa Resources (CSE:COSA)

Cosa Resources Announces Acquisition of Astro Uranium Exploration Property in the Eastern Athabasca Basin

Cosa Resources Corp. (CSE: COSA ) (“ Cosa Resources ” or the “Company”) is pleased to announce the acquisition of the 100% owned Astro uranium exploration property in the Eastern Athabasca Basin, Saskatchewan.

Highlights

  • Astro covers 20 kilometres strike length of electromagnetic (EM) conductors which are untested by drilling
  • Strong potential exists to develop significant additional conductive strike with low-cost airborne surveying
  • The 40,025-hectare project was acquired by low-cost staking and is 100% owned by Cosa Resources with no encumbrances

Keith Bodnarchuk, President & CEO, commented: “We are thrilled to add Astro to Cosa's portfolio of underexplored magnetic low corridors in the Athabasca Basin. Astro is another result of our efforts to acquire projects with potential for Tier 1 discoveries. Cosa is preparing to initiate significant exploration programs on multiple properties in our portfolio and we are eager to share our plans and results with shareholders.”

Andy Carmichael, VP of Exploration commented: “Astro has the key primary attributes which warrant significant exploration in the Athabasca Basin – conductive basement and abundant search space. With 20 kilometres of undrilled, prospective strike length already defined and good potential to add significantly more, we view Astro as an early-stage project with great prospects.”

Astro Property

The Astro property is located 28 kilometres west of the McArthur River Mine, 17 kilometres west of the Fox Lake Deposit, and 13 kilometres north of the Millennium Deposit (Figure 2). Access trails extending west from the McArthur River haul road are within six kilometres of the property’s eastern boundary, and other access trails on Cosa’s Ursa property extend onto Astro.

Astro covers a series of subparallel, northwest-trending magnetic low and high zones interpreted to represent prospective metasediments and buttressing granitic rocks, respectively. Historical airborne and ground EM surveying has defined 20 kilometres of EM conductor strike length within the property, including conductors extending from Cosa’s contiguous Ursa project to the west. Most historical conductors within the property extend to the limits of their survey areas, indicating significant potential to develop additional conductive strike length by extending survey coverage (Figure 2). The continuity of magnetic lows at Astro is encouraging, as is the property’s location between the Cable Bay Shear Zone and an interpreted corridor extending south to the Millennium deposit.

No drilling has been completed on the project. The depth to the unconformity is expected to be between 800 and 1000 metres. Initial steps will include compilation and interpretation of historical geophysical survey data and planning for modern airborne geophysical surveying.

Figure 1 – Cosa’s Eastern Athabasca Portfolio with Prospective Uranium Corridors

Figure 2 – Astro Project Map

About Cosa Resources

Cosa Resources is a Canadian mineral exploration company based in Vancouver, BC and is focused on the exploration of its uranium and copper properties in northern Saskatchewan. The portfolio includes six uranium exploration properties: Ursa, Orion, Castor, Charcoal, Helios, and Astro, totaling 140,677 ha in the eastern and northern Athabasca Basin.

The team behind Cosa Resources has a track record of success in Saskatchewan, with several decades of combined experience in uranium exploration, discovery, and development in the province.

Qualified Person

The Company’s disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa Resources. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to neighboring properties in which the Company has no interest. Mineralization on those neighboring properties does not necessarily indicate mineralization on the Company’s properties.

Contact

Keith Bodnarchuk, President and CEO

info@cosaresources.ca

+1 888-899-2672 (COSA)

Cautionary Statements

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain “Forward‐Looking Statements” within the meaning of applicable securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward looking statements or information relate to, among other things: the exploration, development, and production at the Company’s mineral projects.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of the Company, future growth potential for the Company and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective manner.

These statements reflect the Company’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the speculative nature of exploration and development; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified in the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

Source

Click here to connect with Cosa Resources Corp. (CSE: COSA ), to receive an Investor Presentation

COSA:CC
The Conversation (0)
Cosa Resources Announces Summer Exploration Plans for Athabasca Basin Uranium Projects

Cosa Resources Announces Summer Exploration Plans for Athabasca Basin Uranium Projects

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce its summer exploration plans for its portfolio of Athabasca Basin uranium projects.

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cosa Resources Announces Completion of Inaugural Diamond Drilling Program at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan

Cosa Resources Announces Completion of Inaugural Diamond Drilling Program at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce the completion of the winter 2024 diamond drilling program at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan ("Ursa" or the "Property").

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cosa Resources Closes C$6.5 Million Private Placement

Cosa Resources Closes C$6.5 Million Private Placement

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that it has closed the brokered private placement previously announced by the Company on February 12, 2024, as upsized on February 13, 2024, for aggregate gross proceeds of C$6,500,816 (the "Offering"). The Offering was completed through a syndicate of underwriters, led by Haywood Securities Inc. and including PI Financial Corp. (collectively, the "Underwriters").

Pursuant to the Offering, the Company issued 2,128,000 units of the Company (the "Hard Dollar Units") at a price of C$0.47 per Hard Dollar Unit and 7,704,000 charity flow-through units of the Company (the "Charity FT Units", and together with the Hard Dollar Units, the "Units") at a price of C$0.714 per Charity FT Unit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cosa Resources Announces Commencement of Diamond Drilling at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan

Cosa Resources Announces Commencement of Diamond Drilling at the 100% Owned Ursa Uranium Project in the Athabasca Basin, Saskatchewan

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce that following completion of ground-based geophysical surveying, the Company has commenced diamond drilling at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan ("Ursa" or the "Property").

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Cosa Resources Acquires the Cosmo Uranium Property, Athabasca Basin, Saskatchewan

Cosa Resources Acquires the Cosmo Uranium Property, Athabasca Basin, Saskatchewan

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce the acquisition of the 100% owned Cosmo uranium property in the eastern Athabasca Basin, Saskatchewan ("Cosmo" or the "Property").

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
GTI Energy

Major 50% Upgrade Boosts Lo Herma Uranium Resource to 8.57Mlbs, Scoping Study Initiated

GTI Energy Ltd (GTI or Company) is pleased to update the uranium Mineral Resource Estimate (MRE) at its Lo Herma Project (Lo Herma or the Project) located in Wyoming’s Powder River Basin (Figure 1). The MRE for the Project is focused on mining by In-Situ Recovery (ISR) methods and is reported at an appropriate cut-off grade of 200 ppm U3O8 and a minimum grade thickness (GT) of 0.2 per mineralised horizon as:

6.21 million tonnes of total mineralisation at average grade of 630 ppm eU3O8 for 8.57 million pounds (Mlbs) of eU3O8 contained metal classified as 2.78Mlbs of Indicated (32%) and 5.79Mlbs of Inferred.

Keep reading...Show less
Nick Hodge, gold bars.

Nick Hodge: Uranium and Gold Outlook for 2025, Plus Battery Passport Profits

In an interview at the New Orleans Investment Conference, Nick Hodge, publisher at Digest Publishing, discussed the growing prevalence of "battery passports" and the investment angle he sees there.

He also shared his thoughts on how to invest in uranium at this point in the cycle, saying that power-intensive artificial intelligence (AI) data centers are boosting demand for the commodity, which was already strong.

"I've been a uranium bull for a long time — our moment is here. You can't have AI without uranium," said Hodge.

Keep reading...Show less
Nuclear Fuels CEO and President Greg Huffman.

Nuclear Fuels Aims to Boost US Domestic Uranium Supply Chain, CEO Greg Huffman says

Issues facing the global uranium supply chain have created a significant opportunity for emerging explorers and producers to leverage the growing demand for nuclear energy and build more secure and stable domestic supply chains.

In an interview with the Investing News Network, Nuclear Fuels (CSE:NF) CEO and President Greg Huffman said his company is strategically positioned to supply growing US uranium demand by advancing its uranium projects in Wyoming.

“We have massive, massive increases in terms of expected demand for uranium,” he said. “What we at Nuclear Fuels are focused on is being able to come up with new sources of domestic US uranium to help supply that increase in demand for nuclear power.”

Keep reading...Show less

Laramide's 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

Highlights:

  • Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits
    • HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U 3 O 8 from 15.00m ,
      • including 1.00m @ 1,015.29 ppm (0.10%) U 3 O 8 from 28.00m
      • and 1.00m @ 2,128.46 ppm (0.21%) U 3 O 8 from 34.00m
    • HJ24DD019 – 6.00m @ 1,177.43 ppm (0.12%) U 3 O 8 from 87.00m ,
      • including 4.00m @ 1,520.58 ppm (0.15%) U 3 O 8 from 89.00m
  • Uranium mineralisation at Huarabagoo continues to deliver impressive results including:
    • HB24DD010 – 15.60m @ 2,237.03 ppm (0.22%) U 3 O 8 and 0.53 g/t Au from 68.40m ,
      • including 1.00m @ 2,264.06 ppm (0.23%) U 3 O 8 and 0.23 g/t Au from 70.00m
      • and 7.00m @ 4311.16 ppm (0.43%) U 3 O 8 and 0.10 g/t Au from 76.00m
      • with highest intercept result of 1.00m @ 1.42% U 3 O 8 and 0.01 g/t Au from 80.00m
  • Broad zones of gold mineralisation were also intercepted with grades up to 24.2g/t Au
    • HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U 3 O 8 and 1.95 g/t Au from 48.00m ,
      • including 2.00m @ 1,720.45 ppm (0.17%) U 3 O 8 and 1.64 g/t Au from 57.00m
      • and 2.00m @ 2,202.16 ppm (0.22%) U 3 O 8 and 12.39 g/t Au from 64.00m
      • with highest intercept result of 1.00m @ 2,299.44 ppm (0.22%) U 3 O 8 and 24.20g/t Au from 65.00m
    • HB24DD006 – 8.00m @ 1,449.86 ppm (0.14%) U 3 O 8 & 0.22 g/t Au from 36.00m ,
      • including 1.70m @ 6,208.83 ppm (0.62%) U 3 O 8 & 0.78 g/t Au from 37.60m .
  • New Exploration Permit (EPM 28807) granted adjacent to Westmoreland Project adding 327km   2 of highly prospective tenure in NW Queensland

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to announce another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ) and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×