Denison Mines & Cosa Resources JV on Multiple Uranium Projects
Cosa Resources Announces Exploration Joint Ventures with Denison Mines for Multiple Uranium Projects
Cosa Resources – Final Drill Hole of Fall Program Hits Basement-Hosted Radioactivity at Ursa Project
Welcome to Cosa ResourcesCorp.
The uranium bull market is here. Early-stage explorers run by proven teams offer great upside potential through exposure to possible new discoveries of world class deposits, in one of the top districts for uranium exploration and development - Saskatchewan's Athabasca Basin.
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple 100% owned and Cosa operated Joint Venture projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.
Cosa’s award-winning management team has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy’s Hurricane deposit. Prior to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison’s Gryphon deposit and 92 Energy's Gemini Zone and held key roles in the founding of both NexGen and IsoEnergy.
Cosa’s primary focus through 2024 was initial drilling at the 100% owned Ursa Project, which captures over 60-kilometres of strike length of the Cable Bay Shear Zone, a regional structural corridor with known mineralization and limited historical drilling. It potentially represents the last remaining eastern Athabasca corridor to not yet yield a major discovery, which the Company believes is primarily due to a lack of modern exploration. Modern geophysics completed by Cosa in 2023 identified multiple high-priority target areas characterized by conductive basement stratigraphy beneath or adjacent to broad zones of inferred sandstone alteration – a setting that is typical of most eastern Athabasca uranium deposits. Guided by a recently completed Ambient Noise Tomography (ANT) survey, Cosa’s second and most recent drilling campaign at Ursa intersected a significant zone of unconformity-style sandstone hosted structure and alteration underlain by several intervals of anomalous radioactivity in the basement rocks. Follow-up is currently in planning for 2025.
In November of 2024, the Company announced a transformative strategic partnership with Denison Mines that has secured Cosa access into several additional highly prospective eastern Athabasca projects while offering Denison Mines exposure to Cosa’s potential for exploration success and pipeline of potentially ISR-amenable uranium deposits.