Tim Shearcroft, CEO and Co-Founder of BP Silver Corp. (TSXV: BPAG), joins me for a review of the results from the first two drill holes of its initial eleven-hole Phase I drill program at the Cosuño Silver Project, located in the prolific Bolivian silver belt. Additionally, the Company is working on finalizing the title at their Titiri Project, located in a major under-explored silver belt with Tier 1 discovery potential.
The Phase I drill program tested four initial targets in the southern portion of Cosuño, selected as initial targets because they were outcropping, in an area that is covered by surficial overburden. Drill Holes CO-0001 and CO-0002 were drilled in the Jalsuri target, a northwest-southeast trending ridge formed by a prominent mineralized structure. These results validated that the lithocap at Cosuño is mineralized with precious metals and base metals.
- CO-0001 intercepted 62 meters of 56.96 silver equivalent (AgEq), including 29 meters of 80 AgEq, and 4 meters of 150 AgEq
- CO-0002 intercepted 33 meters of 62.86 silver equivalent (AgEq), including 3 meters of 124.95 AgEq
The remaining 9 holes from Phase I will have more holes returned from the Jalsuri, Benhur, Pocalleta, and Pocañita Chica target areas. We also discussed the potential for future drilling at the other portion of Jalsuri, and the Pocañita Grande targets.
We discuss the prospectivity of Bolivia for mineral exploration and exploitation, the handful of companies that have made solid advancements on their projects in country, and how the political administration has recently changed to become more amenable to foreign business investment and mineral extraction.
Additionally, their team is working with the government to finalize obtaining the title to begin exploration on their Titiri Project. Titiri was staked over a large land concession containing outcropping mineralization historically explored by ASARCO. This Project contains a 2.5km-long silver-lead-zinc zone, with excellent historical trench results, that was never drilled. Titiri is a very High Priority structural setting at the intersection of several major crustal-scale faults, along which multiple deposits occur. There is a MOU in place with local communities, and they’d like to get on the ground for exploration in mid-2026.
If you have any questions for Tim regarding BP Silver, then please email those into me at Shad@kereport.com.
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