Mr. Jared Suchan reports
TRACTION URANIUM ANNOUNCES AIRBORNE RADIOMETRIC SURVEY CONTRACTOR FOR THE AURORA URANIUM PROJECT, SASKATCHEWAN
Special Projects Inc. has been engaged to complete an airborne radiometric survey at Traction Uranium Corp.'s Aurora uranium project located in Saskatchewan's Athabasca basin region. The survey will be completed under the direction of Cosa Resources Corp., the underlying owner and operator of the project. Traction holds an option to acquire an 80-per-cent interest in Aurora from Cosa, subject to the satisfaction of certain earn-in requirements. The Aurora project is located approximately 16 kilometres east of the Key Lake uranium mill and past-producing mine, and covers approximately 17 kilometres of prospective strike along the southeastern margin of the Athabasca basin.
SPI is a Calgary-based airborne geophysical survey contractor specializing in airborne geophysics, radiometrics and magnetic surveying. The airborne radiometric system includes a custom-designed 16-detector focused gamma-ray spectrometer designed to provide high spatial resolution for the detection of radioactive responses associated with mineralized boulders, small outcrops and other near-surface targets. The planned survey is intended to provide property-scale radiometric coverage across Aurora and assist in identifying radioactive anomalies that may warrant follow-up exploration. Given Aurora's basin-margin setting, where sandstone cover is interpreted to be shallow to locally absent in portions of the project area, the survey is expected to support the evaluation of near-surface uranium target potential and help prioritize areas for future ground-based work. Final survey data, including planned line kilometres, line spacing, acquisition timing, flight specifications and final deliverables, will be confirmed following finalization of the survey plan with SPI. The company expects the survey results to be integrated with existing geological, geophysical, historical exploration and remote sensing data sets to support target refinement across the project.
Jared Suchan, chief executive officer of Traction, commented: "Engaging Special Projects is an important step in advancing Aurora. A modern, property-scale airborne survey is foundational to systematically evaluating a project of this size, and we believe the planned program will provide the technical insight needed to prioritize areas with potential for shallow uranium targets. We look forward to finalizing the survey plan and advancing Aurora toward ground-based follow-up."
The company will provide further updates once survey acquisition has commenced and following receipt and interpretation of the final survey products.
Qualified person
Jared Suchan, PhD, PGeo, chief executive officer and director of the company, a qualified person within the meaning of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical contents of this news release.
For a discussion of the company's quality assurance/quality control and data verification processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile at SEDAR+.
About Traction Uranium Corp.
Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca region.
About Cosa Resources Corp.
Cosa Resources is a Canadian uranium exploration company operating in Northern Saskatchewan. Its portfolio comprises roughly 237,000 hectares across multiple 100-per-cent-owned and Cosa-operated joint venture projects in the Athabasca basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.
Cosa's award-winning management team has a long record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence award for their previous involvement in discovering IsoEnergy's Hurricane deposit. In addition to Hurricane, Cosa management led teams or had integral roles in the discovery of Denison's Gryphon deposit, and held key roles in the founding of both NexGen and IsoEnergy.
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