Cosa Resources (CSE:COSA) CEO Keith Bodnarchuk joined Steve Darling from Proactive to share news the company has done a recent financing bringing in 5.5 million dollars. The company says much of that will be used on exploration at its Ursa Project. The company intends to conduct airborne electromagnetic surveys followed by ground geophysics to prepare for a drilling program in 2024. The lack of modern geophysics in the area presents an opportunity for Cosa Resources to uncover untapped potential.
Bodnarchuk also talked about a recent acquisition of the Orbit uranium exploration property in the Athabasca Basin region of Saskatchewan. The property covers four kilometres of the interpreted strike extension of a reactivated graphitic structural trend. Historical drilling along trend intersected 0.07% U3O8 over 0.2 metres.
Bodnarchuk says the initial work the company plans to do will include compilation and interpretation of existing geological and geophysical data. The company also will do an airborne or ground EM surveying to map the interpreted extension of the prospective graphitic structural zone.