Cosa Resources has identified multiple uranium-source radiometric anomalies at its Aurora project in the Athabasca Basin following a property-wide airborne geophysical survey.

The survey, completed by Special Projects Inc., used 50-metre line spacing to generate high-resolution magnetic and radiometric data. Several of the identified anomalies are located near prospective basement features previously mapped by the company.

The work, fully funded by partner Traction Uranium Corp. under an earn-in agreement, provides a new geological model for the 17-kilometre project area, which has not seen diamond drilling since 1979.

“Excellent work by SPI has delivered high-resolution magnetic and radiometric data sets that have advanced our understanding of prospectivity and basement geology at Aurora. In combination with electromagnetic and gravity surveying completed by Cosa in 2024, this survey has identified or improved several target areas worthy of follow up work. We are looking forward to commencing a planned fully partner-funded fall drilling program at Aurora later this year following completion of drilling at the Company's Murphy Lake North and Darby joint ventures with Denison Mines.”

— Andy Carmichael, VP Exploration

Cosa is currently integrating the new data with previous geophysical and drilling results to finalise targets for an inaugural drill program, which is scheduled to commence in the autumn of 2026.

Cosa is currently trading at $0.55, up 3.77%.

Read the full announcement: Cosa Announces Results of Partner Funded Airborne Radiometric Survey at the Aurora Uranium Project, Athabasca Basin, Saskatchewan