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Cosa Resources Corp. ( (TSE:COSA) ) has provided an announcement.
Cosa Resources Corp. has begun its winter 2026 drilling campaign at the Darby uranium project in Saskatchewan’s eastern Athabasca Basin, with follow-up drilling at the nearby Murphy Lake North joint venture to commence next. As operator with a 70% interest alongside Denison Mines’ 30% stake, Cosa plans about 2,500 metres of drilling at Darby to test priority targets defined by a 2025 core relogging and reinterpretation program, focusing on zones of sandstone alteration and anomalous uranium near graphitic basement faults. At Murphy Lake North, the company will drill roughly 1,200 metres to follow up encouraging 2025 results along the Cyclone trend, including testing a previously inaccessible 1,200-metre gap beneath a lake and a possible parallel structural trend. The campaign underscores Cosa’s strategy to advance underexplored but highly prospective ground near world-class deposits such as Cameco’s Cigar Lake Mine and IsoEnergy’s Hurricane deposit, potentially enhancing the company’s resource discovery prospects and reinforcing its positioning within the emerging eastern Athabasca uranium corridor.
More about Cosa Resources Corp.
Cosa Resources Corp. is a Canadian uranium exploration company focused on northern Saskatchewan’s Athabasca Basin, a globally significant uranium district. Its roughly 237,000-hectare portfolio includes a mix of 100%-owned and joint venture projects located within or near established uranium corridors, and it operates several joint ventures with Denison Mines, which is also its largest shareholder. The company’s management team has a strong regional track record, having been involved in the discovery of notable high-grade uranium deposits such as Hurricane and Denison’s Gryphon deposit.
Average Trading Volume: 145,698
Technical Sentiment Signal: Buy
Current Market Cap: C$40.89M
See more insights into COSA stock on TipRanks’ Stock Analysis page.