BP Silver Commences Phase 2 Drill Program at the Cosuno Silver Project, Bolivia
BP begins phase 2 drilling at the Cosuno project following high-grade results from the initial phase 1 exploration program.
BP Silver Corp. has officially commenced its Phase 2 diamond drill program at the Cosuno Silver Project in Bolivia. The program targets approximately 2,000 meters across 20 to 24 holes. Primary objectives include expanding the Pocañita Chica target to confirm down-dip and along-strike continuity of high-grade silver mineralization, and testing newly identified breccia and vein structures at the Jalsuri cluster.
Phase 2 is the first segment of a broader ~8,000-meter diamond drilling campaign planned for 2026. A property-wide drone magnetic (MAG) survey is scheduled to commence once logistical delays regarding specialized batteries are resolved. Geological mapping and road construction continue to identify and access new drill targets.
BP Silver Corp. (BPAG) has commenced Phase 2 drilling, marking an expected operational milestone following the successful completion of Phase 1 and the closure of a C$10.02 million financing in April 2026. The update confirms management's stated 2026 work program and validates the company's ability to execute on its exploration plan. The news does not contain genuinely new, unexpected, or market-moving information, as the market was already positioned for this step given the prior drill results and capital raise. The update is incremental and routine, serving to maintain investor interest and demonstrate progress toward a future resource estimate.
BP Silver Corp. (BPAG) is a Tier 2 mining issuer focused on the Cosuno Silver Project in Potosí, Bolivia. The flagship Cosuno project covers 3,375 hectares and hosts a ~10.5 square kilometer hydrothermal alteration system with advanced argillic alteration and a mineralized lithocap. Phase 1 drilling, consisting of 11 holes totaling 906 meters, intersected high-grade silver, including 1 meter grading 1,655 g/t Ag and 38 meters grading 116.39 g/t Ag at the Pocañita Chica target.
The company also holds the Titiri project (4,900 hectares), which features a 2.5 km mineralized corridor with historical trench sampling showing up to 14 meters grading 478 g/t Ag. BP Silver Corp. aims to establish a NI 43-101 inferred resource estimate and potentially advance toward a Tier 1 silver deposit.