Cosa Resources Corp. announced it has received the necessary permits from the Saskatchewan Government to conduct ground-based geophysics and diamond drilling exploration work on its 100% owned Ursa uranium project in the Athabasca Basin, Saskatchewan. Highlights.

Permitted activities include access trail construction, camp establishment, diamond drilling and geophysical surveying. Permits are valid until June 2025, allowing for multiple seasons of drill testing. Trail building is expected to commence fourth quarter/2023 followed by ground-based geophysics & diamond drilling in first quarter of 2024.

With the receipt of permits, Cosa is continuing procurement to support exploration programs in winter 2024. Selection of contractors to complete trail establishment, geophysical surveying, diamond drilling, and temporary work camps is underway. It is anticipated that trail construction activities will begin in December 2023 followed by geophysical surveying commencing early in 2024.

Mobilization of diamond drilling equipment and personnel will be initiated as drill targets are refined in high priority areas. To streamline 2024 exploration, Cosa intends to utilize the winter access trail to mobilize supplies and equipment for an expanded summer drilling campaign at Ursa.