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Cosa Resources Completes the Expansion of Its 100% Owned Orbit Uranium Project, Athabasca Basin, Saskatchewan

Cosa Resources Completes the Expansion of Its 100% Owned Orbit Uranium Project, Athabasca Basin, Saskatchewan

Cosa資源公司完成其100%擁有的Athabasca盆地Orbit鈾項目的擴建,位於薩斯喀徹溫省。
newsfile ·  08/06 04:33

Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce completion of the previously announced expansion (the "Acquisition") of the Orbit uranium Property in the Athabasca Basin, Saskatchewan ("Orbit" or the "Property") from Skyharbour Resources Ltd. (the "Vendor") pursuant to an asset purchase agreement dated July 26, 2024 (the "Purchase Agreement").

溫哥華,不列顛哥倫比亞省——(Newsfile Corp.-2024年8月6日)——Cosa Resources Corp.(TSXV:COSA)(OTCQB:COSAF)(FSE:SSKU)(“Cosa”或“公司”)很高興宣佈完成此前宣佈的擴張(“收購”)Saskatchewan省Athabasca盆地(“Orbit”)中的鈾礦物產權,來自Skyharbour Resources Ltd.(“供應商”),根據2024年7月26日的資產購買協議(“購買協議”)

Highlights

亮點

  • Two mineral dispositions totalling 6,049 hectares have been acquired, doubling the footprint of Orbit to 12,718 hectares

  • Expands Cosa's control of undrilled strike length to eight kilometres located on trend with uranium mineralization, hydrothermal alteration, and reactivated graphitic faulting to the southwest

  • 已獲得兩個礦產權,總面積爲6,049公頃,使Orbit的面積擴大到12,718公頃

  • 將Cosa對未鑽探的沿着鈾化礦物化路徑、熱液改造和重激活石墨斷層向西南延伸的八公里控制能力擴大。

Keith Bodnarchuk, President and CEO of Cosa, commented: "We are very pleased to double the footprint of the Orbit Project, which covers shallow target areas that have been largely overlooked by modern exploration. We look forward to receipt of results from recent airborne electromagnetic and gravity surveys which will guide continued exploration of this prospective area located only 25 kilometres from the Key Lake Uranium mill. We thank the Skyharbour team for their part in completing this Acquisition in a timely and businesslike manner. Having closed this transaction, Cosa continues to identify and pursue cost-effective opportunities to add to our pipeline of exciting projects and drill targets as we remain fully funded to complete all of our exploration plans into 2025."

Cosa的董事長兼CEO Keith Bodnarchuk評論道:“我們非常高興將Orbit項目的面積擴大一倍,覆蓋了現代勘探基本忽略的淺目標區域。我們期待從最近進行的空中電磁和重力調查中獲得結果,這將指導繼續開發這個有前途的區域,該區域距Key Lake鈾礦場僅25公里。我們感謝Skyharbour團隊及時而商業方式地完成了此項收購,並認爲Cosa繼續尋找並追求成本效益高的項目和鑽探目標的機會,因爲我們已獲得全額籌資並計劃在2025年前完成所有的勘探計劃。”

The Expanded Orbit Project

擴展軌道項目

The Orbit Project is located roughly 19 kilometres south of the Athabasca Basin and 22 kilometres south of the Key Lake Mill and former Key Lake Mine (Figure 1) and is accessible by a network of trails extending to within 11 kilometres of the Project from Provincial Highway 914. Despite the Key Lake Mine's historical production of over 209 million lbs U3O8 at an average grade of 2.3%, the Orbit Project and surrounding area have seen little modern exploration.

Orbit項目位於Athabasca盆地以南約19公里和Key Lake鈾礦山以南約22公里的位置(圖1),可以通過一系列小徑到達該項目,距省道914僅11公里。儘管Key Lake礦山歷史上的產量超過20900萬磅U3O8,平均品位爲2.3%,但Orbit項目和周圍地區基本沒有接受現代勘探。

The northern portion of the expanded Orbit Project captures nearly eight kilometres of the interpreted strike extension of a northeast-trending magnetic low corridor that hosts occurrences of graphitic faulting, strong hydrothermal alteration, and weak uranium mineralization including 0.07% U3O8 in drill hole TED-01 (106.4 - 106.6 metres). The trend is sub-parallel to that which hosts the Gaertner and Deilmann uranium deposits of the former Key Lake Mine.

擴展軌道項目的北方几乎覆蓋了一個東北走向的磁性低點延伸的折線8公里,其中包括了再生石墨化斷層、強烈的熱液改造和弱鈾礦化。鑽孔TED-01(106.4 - 106.6m)中礦化程度爲0.07%U3O8。 該趨勢與曾經的Key Lake Mine鈾礦的Gaertner和Deilmann鈾礦產所在的趨勢基本呈互爲平行之勢。

The southern portion of the Orbit Project covers curvilinear, northeast-trending magnetic lows crosscut by lineaments identified from regional magnetic data which suggest favourable structural complexity. As with the northern portion of the Orbit Project, this area is untested by drilling. Like the 100% owned Aurora project to the northeast, Cosa believes that the Orbit Project is underexplored and remains prospective for near surface and open-pit amenable uranium mineralization. The Company aims to complete initial drill testing at the Orbit Project in 2025.

軌道項目的南部覆蓋曲線完成的東北向磁性低點,這些低點由區域磁性數據識別的線ament穿過,表明有利結構複雜性。與軌道項目的北部一樣,這個區域也未經鑽探測試。與東北的100%擁有的奧羅拉項目類似,科薩認爲軌道項目的開發越來越少,仍具有潛在性,適合露天和露天開採鈾礦。該公司旨在2025年完成軌道項目的初始鑽探測試。

Acquisition Details

收購細節

Pursuant to the Purchase Agreement, Cosa has acquired a 100% unencumbered ownership of two mineral claims from the Vendor in exchange for 250,000 common shares of the Company (the "Consideration Shares"). The Consideration Shares are subject to a four-month hold period pursuant to applicable Canadian securities laws, after which 50% of the Consideration Shares will become free trading. The Vendor has agreed to voluntary resale restrictions whereby the balance of 50% of the Consideration Shares will become free trading six months after closing.

根據購買協議,Cosa已以公司250,000股普通股的形式從供應商獲取了兩個礦業權的100%無負擔權屬。根據適用的加拿大證券法規定,考慮股票將被限制四個月,之後50%的考慮股票將成爲自由買賣。供應商同意自願銷售限制,即在交易結束後6個月,剩餘50%的考慮股票將成爲自由買賣。


Figure 1 - Orbit Uranium Project and Expanded Claims


圖1-軌道鈾項目和擴展索賠

About Cosa Resources Corp.

關於Cosa公司。

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 216,000 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.

Cosa Resources是一家在北部薩斯喀徹溫省運營的加拿大鈾勘探公司。組合包括位於Athabasca盆地地區的多個項目,總共約21.6萬公頃,所有這些項目都未得到充分開發,而大部分位於或毗鄰已建立的鈾走廊內。

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 Mines' Gryphon deposit and 92 Energy's Gemini Zone and held key roles in the founding of both NexGen and IsoEnergy.

Cosa屢獲殊榮的管理團隊在薩斯喀徹溫省擁有長期成功的記錄。在2022年,Cosa團隊成員因他們之前發現IsoEnergy的颶風礦牀而被授予AME Colin Spence Award。在Hurricane之前,Cosa的人員曾領導團隊或扮演關鍵角色發現了Denison Mines的Gryphon礦牀和92 Energy的Gemini Zone,並在NexGen和IsoEnergy的成立中擔任重要角色。

Cosa's primary focus through 2024 is initial drilling at our 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. 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. Initial drilling results from Ursa in winter 2024 are positive and include the intersection of a broad zone of alteration with associated structure in the Athabasca sandstone located 250 to 460 metres above the sub-Athabasca unconformity. Follow-up is planned in the second half of 2024.

Cosa 的主要重點直到 2024 年是在我們的 Ursa 項目進行初步鑽探,該項目涵蓋了 Cable Bay 剪切帶超過 60 公里長的部分,這是一個已知礦化和歷史鑽探有限的區域性構造迴廊。該項目有可能是東部 Athabasca 迴廊中尚未發現重大礦牀的最後機會。Cosa 在 2023 年完成的現代地球物理工作識別出多個高優先級的目標區域,這些區域的下部地層電性地層下面或相鄰於推測的砂岩蝕變帶,這是大多數東部 Athabasca 鈾礦牀的典型地貌。2024 年冬天在 Ursa 鑽探的初步結果是積極的,幷包括位於距離亞阿特巴斯卡不整合面 250 至 460 米處的 Athabasca 砂岩中的一大片蝕變和相關構造的交叉口。後續計劃在 2024 年下半年進行。

Qualified Person

合格人士

The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Andy Carmichael, P.Geo., Vice President, Exploration for Cosa. Mr. Carmichael is a Qualified Person as defined under the terms of National Instrument 43-101. This news release refers to properties in which the Company has no interest. Mineralization on those neighboring properties does not necessarily indicate mineralization on the Company's properties.

本新聞稿涉及的技術或科學信息的披露已由Cosa的勘探副總裁Andy Carmichael,P.Geo.審核和批准。 Carmichael先生是根據National Instrument 43-101定義的合格人員。這則新聞稿提到了公司沒有利益的資產。鄰近物業上的礦化不一定意味着公司資產上也存在礦化。

Contact

聯繫人

Keith Bodnarchuk, President and CEO
info@cosaresources.ca
+1 888-899-2672 (COSA)

Keith Bodnarchuk,總裁兼首席執行官
info@cosaresources.ca
+1 888-899-2672(COSA)

Cautionary Statements

警示聲明

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX創業公司交易所及其監管服務提供者(如TSX創業公司政策所定義)均不承擔本發佈信息充分性或準確性的責任。

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company's exploration and development plans. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at . Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including the price of uranium and other commodities; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

本新聞發佈包含根據加拿大證券法所述的前瞻性信息(統稱“前瞻性聲明”)。前瞻性聲明通常可通過諸如:“相信”、“期望”、“預計”、“意圖”、“評估”、“計劃”、“推測”及類似表達方式或者其自然揭示的未來事件來識別。所有非歷史事實的聲明均屬於前瞻性聲明。本新聞發佈中的前瞻性聲明包括但不限於有關公司勘探和開發計劃的聲明。雖然公司認爲本新聞稿中的任何前瞻性聲明都是合理的,但它不能保證這些聲明中的期望和假設將被證明是正確的。可能導致實際結果與此前瞻性信息不同的因素包括但不限於:股票和債務市場狀況的變化,商品價格的波動,獲得所需監管或政府批准的延遲以及採礦勘探和開發行業中涉及的其他風險,包括在公司的管理的討論與分析中列出的風險下。本新聞發佈中的前瞻性信息是基於管理層認爲合理的意見和假設,包括鈾和其他商品的價格;勘探和開發成本,勘探項目開發預估費用;公司能夠以安全、有效的方式進行運營以及其能夠以合理的條款獲得融資。雖然公司認爲在準備本新聞發佈中的前瞻性信息時使用的假設和因素是合理的,但不應過分依賴這些信息。公司不承擔任何更新或修訂任何前瞻性信息的意圖或義務,除非適用證券法要求。

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