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Cosa Resources Corp. ( (TSE:COSA) ) has issued an announcement.
Cosa Resources Corp. announced the successful results of its initial drilling program at the Murphy Lake North Uranium Project, confirming a two-kilometre strike extension of the Hurricane trend. The findings exceeded expectations, revealing significant sandstone-hosted alteration and structure, prompting plans for a fully funded summer drill program. This development strengthens Cosa’s position in the uranium exploration sector and suggests potential for further discoveries, benefiting stakeholders involved in the project.
More about Cosa Resources Corp.
Cosa Resources Corp. operates in the uranium exploration industry, focusing on identifying and developing uranium deposits. The company is primarily engaged in projects located in the Athabasca Basin, Saskatchewan, known for its high-grade uranium resources. Cosa Resources collaborates with Denison Mines Corp. in a joint venture for the Murphy Lake North Uranium Project, where it holds a 70% interest.
YTD Price Performance: -12.50%
Average Trading Volume: 115,658
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of COSA stock, go to TipRanks’ Stock Analysis page.