Cosa and Denison Mines Approve 2026 Program for Joint Venture Uranium Projects

Core Viewpoint - Cosa Resources Corp. has received approval for exploration plans at its Darby and Murphy Lake North projects, which are joint ventures with Denison Mines, positioning the company favorably for the 2026 exploration season [1][2]. Exploration Plans - The exploration for 2026 will include four drilling campaigns at both Darby and MLN, along with property-scale geophysical surveying at MLN [3]. - Winter drilling at Darby will focus on areas near historical drill holes that suggest proximity to uranium mineralization, particularly zones of sandstone alteration and anomalous geochemistry [4]. - At MLN, winter drilling will target the Cyclone trend, where previous drilling revealed significant structural alteration associated with graphitic basement faulting [5]. Geophysical Surveying - A DC resistivity survey is planned for MLN to identify zones of anomalous resistivity in sandstone, which may indicate hydrothermal alteration or faulting [6]. Timeline - Field crews are expected to mobilize early in 2026, with drilling at Darby starting in late January and concluding in late March at MLN. The DC-resistivity surveying at MLN is scheduled to begin in April [7]. Project Details - The Darby project is located 10 kilometers west of Cameco's Cigar Lake Mine and has multiple prospective conductive trends with historical weak uranium mineralization [8]. - The Murphy Lake North project is situated 2.7 kilometers east of the Hurricane deposit, which is known for its high-grade uranium resources. The project includes the Hurricane trend and the Cyclone trend, both of which have shown promising results in previous drilling [9]. Company Background - Cosa Resources is a Canadian uranium exploration company with a portfolio of approximately 237,000 hectares in the Athabasca Basin, focusing on underexplored projects [15]. - The company has a strategic collaboration with Denison Mines, which enhances its access to additional prospective uranium exploration projects [16]. - Cosa's management team has a successful track record in uranium exploration, including the discovery of the Hurricane deposit [17].