Cosa Resources Corp. announced that ground geophysical surveying has commenced at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan. The ground EM surveys are being completed to follow-up the property wide MobileMTTM airborne survey results announced on November 1st, 2023.

From the airborne survey Cosa has identified 11 target areas which contain conductivity anomalies consistent with the unconformity-related uranium deposit model (Figures 2 and 3). Top priority target areas are structurally complex basement conductive trends coincident with sandstone-hosted, kilometre-scale zones of anomalous conductivity, which could reflect large-scale hydrothermal alteration zones commonly associated with Athabasca uranium deposits. Cosa has engaged Discovery International Geophysics (Discovery) of Saskatoon, SK, to complete at least 80 kilometres of ground EM surveying to upgrade the accuracy of conductor locations in advance of diamond drilling.

Discovery has deployed a survey system featuring state of the art superconducting quantum interference device (SQUID) EM receivers to collect the best quality data possible and maximize the signal to noise ratio. In conjunction with the stepwise moving loop transient electromagnetic (SWML-TEM) survey technique, the SQUID receivers significantly increase data resolution compared to historical EM surveys completed on the Project.