BP Silver Initial Drilling Intersects Significant Mineralization Within Cosuno Lithocap
Executive Summary
- BP Silver released assay results from the first two holes (CO‑0001 and CO‑0002) of its Phase I, eleven‑hole drill program at the Cosuño Silver Project in Bolivia, showing significant silver‑gold mineralization within a lithocap that is typically barren.
- Dr. Mark Cruise was appointed Executive Chair of BP Silver, effective February 2 2026.
- The company engaged Adelaide Capital to provide investor‑relations and capital‑markets advisory services for a three‑month term at C$10,000 per month.
Key Details
- Hole CO‑0001 (23–85 m, 62 m interval):
- Ag 38.1 g/t, Au 0.22 g/t, AgEq 56.96 g/t.
- Sub‑intervals: 35–64 m – Ag 56.03 g/t, Au 0.28 g/t, AgEq 80.03 g/t; 35–40 m – Ag 97.72 g/t, Au 0.39 g/t, AgEq 131.15 g/t; 48–52 m – Ag 114.15 g/t, Au 0.42 g/t, AgEq 150.15 g/t.
- Hole CO‑0002 (41–76 m, 33 m interval):
- Ag 23.43 g/t, Au 0.46 g/t, AgEq 62.86 g/t.
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Sub‑interval 57–60 m – Ag 35.8 g/t, Au 1.04 g/t, AgEq 124.95 g/t (higher gold grade).
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Assay methodology: Silver and multi‑elements analyzed by aqua regia digestion/ICP‑MS; gold by fire assay/AA. QA/QC included certified reference materials, blanks, duplicates; core recovery 97.5 % (CO‑0001) and 95 % (CO‑0002).
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Drill program overview: Phase I targeted four high‑priority surface anomalies within a ~10.5 km² hydrothermal alteration system; holes drilled at –45° inclination to depths of ~101 m (CO‑0001) and ~107 m (CO‑0002).
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Executive Chair appointment: Dr. Mark Cruise, former independent director, now Executive Chair; brings >30 years mining experience, $1 B+ capital‑markets fundraising, M&A expertise.
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Investor Relations partnership: Adelaide Capital engaged Feb 1 2026; monthly fee C$10,000 for three months; subject to TSX Venture Exchange approval.
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Qualified Person: Dr. Stewart D. Redwood (Director, QP) reviewed and approved technical information.
Notable Quotes
“The gold grades are higher than expected and over significant widths in the Jalsuri target… confirming that the silver anomalies defined by surface rock sampling continue at depth.” – Dr. Stewart D. Redwood, Director & Qualified Person
“Cosuño’s lithocap is mineralized as lithocaps are usually barren, indicating strong potential for deeper discoveries.” – Dr. Stewart D. Redwood
All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.