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BP Silver Initial Drilling Intersects Significant Mineralization Within Cosuño Lithocap
Hole CO-0001 Returns 29 Meters at 56 g/t Silver & 0.28 g/t Gold (80 g/t AgEq) Vancouver, Bri...
About this update from Bp Silver Corp.
[{"type":"text","content":"BP Silver Initial Drilling Intersects Significant Mineralization Within Cosuño LithocapHole CO-0001 Returns 29 Meters at 56 g/t Silver & 0.28 g/t Gold (80 g/t AgEq)Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - BP Silver Corp. (TSXV: BPAG) (\"BP Silver\" or the \"Company\") announces assay results (\"Assays\") from the first two drill holes of its eleven-hole Phase I drill program (the \"Program\") at the Cosuño Silver Project (\"Cosuño\") in Bolivia. The Company expects to release assays from the remaining nine drill holes over the coming weeks. The Company also announces that Dr. Mark Cruise, has been appointed as the Company's Executive Chair.Dr. Stewart D. Redwood, Director and Qualifying Person stated, \"Cosuño is a 10.5 square kilometer zone of alteration. The Program tested only four targets in the southern portion of Cosuño, selected as initial targets because they were outcropping. We expect there to be many more hidden targets as most of the area is covered by surficial overburden. We are literally scraping the surface with two short holes into this extensive system, and it is very significant that Cosuño's lithocap is mineralized as lithocaps are usually barren.\"Dr. Redwood continued, \"We expect Cosuño's grades to increase when we drill deeper into and below the lithocap. Lithocaps are extensive zones of clay and silica alteration that form in the top part of Bolivian polymetallic vein systems and tin porphyries, similar to those which overlie porphyry copper deposits. The nearest neighbour to Cosuño, in a similar geological setting, the Pulacayo deposit, has a large lithocap that is barren and conceals a major vein that produced 640 million ounces of silver and 200,000 tons each of lead and zinc.\"Key Highlights from Cosuño's Initial ResultsAssays released are from the first two drill holes, Hole CO-0001 and CO-0002, which tested one of four initial surface targets identified within the large ~10.5km2 Cosuño hydrothermal system (Table 1 & Figure 1). The assays demonstrate that silver and gold mineralization identified at surface continues at depth within the lithocap. The results are significant because mineralized Lithocap's are usually barren in similar Bolivian systems, indicating Cosuño's potential for further discoveries at dept...