Drill Results
BP Silver Discovers Multiple New Veins and Breccia Structures at the Cosuno Silver Project
BP Silver Extends Cosuño Corridor to 3.5km, Awaits Critical June Assays as Phase 2 Drilling Prep Continues
Executive Summary
- BP Silver Corp announced an exploration update for its Cosuño Silver Project in Bolivia on May 19, 2026.
- Geological mapping has extended the mineralized corridor to approximately 3.5 km.
- Identified 16 new outcropping vein and breccia structures with aggregate strike length of ~2,100 m.
- Significant structure identified at Jalsuri Northeast extending ~1,000 m (most significant in that area to date).
- Over 200 new chip and channel samples collected; assay results expected first week of June.
- Total project sampling exceeds 520 samples since inception.
- Widespread stockwork mineralization recorded suggesting potential bulk-tonnage targets alongside high-grade veins.
Material Impact
- The news is consistent with the work program outlined on May 14, 2026 (road construction, mapping, geophysics).
- It confirms the robustness of the system but does not provide new grade data; assay results are pending in June.
- Compared to February/March drill results which drove price from $0.85 to $1.32, this is incremental progress rather than a valuation re-rating event.
- No strategic investors (e.g., Sprott, Lundin) or M&A activity mentioned; no material change in capital structure beyond previous financing.
- The extension of the corridor supports the long-term thesis but does not de-risk the project as significantly as drill intercepts did previously.
- Market likely priced in this exploration progress following the $10M financing closure in April 2026.
BPAG · Price
Company Overview
- Company: BP Silver Corp (TSX-V: BPAG | OTCQB: BPSCF).
- Flagship Project: Cosuño Silver Project, Bolivia.
- Project Type: Early-stage exploration targeting silver-gold polymetallic mineralization within a ~10.5 km² lithocap zone.
- Status: Phase 1 drilling completed (Nov-Dec 2025); Phase 2 planned for mid-2026.
- Targets: Pocañita Chica, Pocañita Grande, Pocalleta, Jalsuri.
- Community: 5-year community agreement and MOU in place to provide social licence.
- Management: Tim Shearcroft (CEO), Dr. Mark Cruise (Executive Chair), Stewart Redwood (Director/Qualified Person).
More from BP Silver Corp.
Oct 28, 2026 · 07:02