BP Silver Provides Update on Drone Magnetic Survey at the Cosuno Silver Project, Bolivia
BP’s MAG survey nears its midpoint, setting the stage for a 6,000m phase 3 drill program at its project in Bolivia.
BP Silver Corp. (BPAG) issued an operational update regarding its property-wide drone-based magnetic survey at the 100% owned Cosuno Silver Project in Bolivia. The survey is approximately 35% complete and is designed to cover a minimum of 540 line-kilometers.
The collected data will be integrated with existing geological mapping, surface sampling, and drilling datasets to refine the exploration model. This refined model will directly support the planned 6,000-meter Phase 3 diamond drill program, which is anticipated to commence later in 2026. No new assay results, financing announcements, or material changes to the exploration timeline were disclosed.
BP Silver Corp. (BPAG) has announced that its MAG survey is 35% complete, an expected incremental step in the company’s 2026 exploration roadmap. The survey was initially announced in May 2026, and the current level of completion aligns with standard field progress.
The update serves as a procedural confirmation that the company is on track to transition from Phase 2 drilling into Phase 3, which will be the critical test for defining a broader mineralized system. The release is positive but routine, as it merely tracks progress toward a previously communicated milestone without delivering new assay data or capital. The news does not introduce new market-moving information, nor does it alter the company's financial or operational trajectory materially.
BP Silver Corp. (BPAG) is a Tier 2 mining issuer focused on the Cosuno Silver Project in Bolivia's prolific silver belt. The project covers a 10.5 km² hydrothermal alteration zone characterized by advanced argillic alteration, silicified clasts, and hydrothermal breccias. Geologically, Cosuno shares affinity with the Cerro Rico model (mineralized lithocap) and the Pulacayo model (high-grade vein/breccia system).
The company is in the early-stage exploration phase. Phase 1 drilling (906m) was completed in December 2025, returning high-grade silver intercepts up to 1,655 g/t Ag. Phase 2 drilling (~2,000m) is currently underway, and Phase 3 drilling (6,000m) is planned for later in 2026.
The Titiri project (4,900 hectares) is also in the early exploration stage, with historical sampling showing high-grade polymetallic potential.