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Cosa Resources Corp. ( (TSE:COSA) ) has issued an announcement.
Cosa Resources Corp. announced significant findings from its summer drilling program at the Cyclone Trend on the Murphy Lake North Project, identifying two kilometers of strong sandstone alteration and graphitic faulting. These results suggest a highly prospective area for uranium deposits, with the potential for further exploration. The successful program enhances Cosa’s position in the uranium exploration sector and underscores the strategic value of its partnership with Denison Mines Corp. The findings could have positive implications for future uranium discoveries in the infrastructure-rich eastern Athabasca Basin.
More about Cosa Resources Corp.
Cosa Resources Corp. operates in the uranium exploration industry, focusing on identifying and developing uranium deposits. The company is involved in a joint venture with Denison Mines Corp. on the Murphy Lake North Project located in the eastern Athabasca Basin, Saskatchewan, where it holds a 70% interest.
Average Trading Volume: 137,877
Technical Sentiment Signal: Buy
Current Market Cap: C$23.11M
For a thorough assessment of COSA stock, go to TipRanks’ Stock Analysis page.