Cosa Resources Corp. recently announced the acquisition of the 100% owned Cosmo uranium property in the eastern Athabasca Basin in Saskatchewan. 

“With the successful acquisition of Cosmo, we continue to strengthen our portfolio of prospective and under-explored uranium projects in the Athabasca Basin,” said Keith Bodnarchuk, President and CEO of Cosa Resources. “As the clean energy revolution builds momentum, projects with sufficient size and the right geological framework are becoming more difficult to acquire. We look forward to advancing Cosmo to drill testing given the proximity to known mineralization on trend and the project’s location close to existing infrastructure.”

Cosmo comprises 12 claims totaling 9,308 hectares (ha) in the eastern Athabasca Basin and is located 36 km west of the Hurricane Deposit and 58 km north of the Cigar Lake Mine. It is within 7 km of Provincial Highway 905 and has access to a network of trails and power lines. 

“Historically, the Mudjatik domain was considered less prospective than other parts of the eastern Athabasca Basin and so received far less exploration attention,” said Andy Carmichael, VP of Exploration. “The discovery of the Hurricane deposit in 2018 proved the Mudjatik is highly prospective and revitalized exploration of this previously undervalued domain. Cosmo’s 18 km of Mudjatik magnetic low has never seen a modern ground geophysical survey or a single drill hole and represents an excellent exploration prospect proximal to the mining and milling infrastructure of the eastern Athabasca.”

Cosmo covers 18 km of curvilinear magnetic low strike length interpreted to represent favourable metasediments. Historical exploration was limited to a 1979 lake sediment sampling program and a 2007 airborne geophysical survey. While no drilling is known within the Property, historical drilling located 13 to 25 kilometres along strike to the east intersected several intervals of weak uranium mineralization.

Cosa anticipates initial work will include electromagnetic (EM) surveying to define target areas within the property. Given the ease of access and proximity to known mineralization along strike, positive results would warrant aggressive follow up work including ground EM and diamond drilling.

Cosa Resources is a Canadian uranium exploration company operating in northern SK. The portfolio comprises roughly 209,000 ha across multiple projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.