Cosa Resources Announces Completion of Geophysical Surveys at Multiple Eastern Athabasca Uranium Projects

Core Insights - Cosa Resources Corp. has completed ground and airborne geophysical surveys at its Ursa, Orion, Aurora, and Orbit projects, marking a significant step in developing drill targets across its uranium portfolio [12][13] - The Ambient Noise Tomography (ANT) surveying at Ursa and Orion involved 930 nodes and is expected to guide follow-up drilling planned for August and September 2024 [13][14] - The company is fully funded for its exploration activities following a $6.5 million financing deal earlier in the year [13] Group 1: Geophysical Surveys - The ANT surveying at Ursa covered 746 nodes over 27 kilometers, targeting zones of alteration and structure identified in previous drilling [14] - Airborne electromagnetic and gravity surveys were conducted at Aurora and Orbit to map basement-hosted conductive features and gravity anomalies [4][12] - The results from these surveys will help prioritize follow-up targets for exploration in 2025 [4][12] Group 2: Project Development - Cosa Resources is focusing on initial drilling at the Ursa Project, which is located in a region with known mineralization and limited historical drilling [22] - The company has identified multiple high-priority target areas characterized by conductive basement stratigraphy beneath sandstone alteration, typical of eastern Athabasca uranium deposits [22] - Initial drilling results from Ursa in winter 2024 have been positive, indicating a broad zone of alteration in the Athabasca sandstone [22] Group 3: Management and Expertise - Cosa's management team has a proven track record in uranium exploration, having previously contributed to significant discoveries in the region [8] - The company has engaged Condor Consulting Inc. for detailed interpretation of the airborne survey results [17] - The management emphasizes the importance of the recent geophysical programs in advancing their exploration strategy [13]