Saskatchewan’s Athabasca Basin is a strategic area in the uranium mining industry, as it is home to one of the largest and best-known uranium deposits in the world. Recently, the area has been a hotspot for exploration activity with many companies vying for permits in this highly sought-after region. One such company is Cosa Exploration Inc., which recently received exploration permits from the Saskatchewan Ministry of Energy and Resources for its Ursa Uranium Project in the Athabasca Basin.
The Ursa Project consists of 10 exploration claims which total 11,255 hectares. The area is located approximately 250 km northeast of Saskatoon in the eastern part of the Basin and is close to existing uranium resources. The project is prospective for uranium-bearing carbonate replacement deposits (CRDs) which are typical for the Athabasca Basin.
Cosa is well positioned to pursue this project. They have a strong technical team, led by President Dr. A.D. Wagner, and have a successful track record of exploration in the Basin. In fact, they recently had great success at their Maverick Project, which has been identified as a strong prospect for further uranium exploration and development.
The nearby Cameco-Cameco joint venture Cigar Lake Mine is viewed as the highest-grade uranium mine in the world, and represents a similar geologic environment to that of Cosa’s project. This provides the company with a great opportunity to capitalize on their discovery potential in the area.
Cosa Exploration remains committed to the Athabasca Basin. With their recent permit victory, they are well positioned to advance their Ursa Project and explore for uranium resources. Their depth of knowledge and experience make them a strong choice for anyone looking to get a foothold in Saskatchewan.
