BP Silver Reports 35% Completion of Drone Magnetic Survey at Cosuño Project in Bolivia
Key Takeaways
- •The drone-based magnetic survey at the Cosuño Silver Project is approximately 35% complete and still in progress.
- •The survey is planned to cover a minimum of 540 line kilometers using 100-meter line spacing, with 50-meter spacing in selected areas.
- •BP Silver plans to integrate the survey data with existing geological and exploration datasets to improve its exploration model.
- •The survey is intended to help generate targets for a planned 6,000-meter Phase 3 diamond drill program expected to start later this year.
BP Silver Reports 35% Completion of Drone Magnetic Survey at Cosuño Project in Bolivia
BP Silver Corp.
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2026) - BP Silver Corp. (TSXV: BPAG) (OTCQB: BPSCF) ("BP Silver" or the "Company") said it has updated its property-wide drone-based magnetic ("MAG") survey at its 100% owned Cosuño Silver Project ("Cosuño") in Bolivia.
As of the date of the news release, the MAG survey is approximately 35% complete and continues to advance. The program is planned to cover a minimum of 540 line kilometers at 100-meter (m) line spacing, with 50 m line spacing to be used where higher-resolution coverage is warranted.
The Company said data from the MAG survey will be integrated with existing geological mapping, surface sampling, drilling, and other geophysical datasets to further refine its exploration model and support target generation for its planned 6,000 m Phase 3 diamond drill program, which is expected to begin later this year. The survey adds another layer of technical data to a project that has already seen surface sampling and an initial drilling campaign, allowing the company to compare geophysical signatures with known alteration and geochemical anomalies before the next round of drilling. The Company said it will provide additional updates as the survey progresses and results become available.
Figure 1: Map outlining the Arce Geofisicos drone-mounted MAG survey area.
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Qualified Person
The technical information in this news release has been reviewed and approved by Dr. Stewart D. Redwood, PhD, FIMMM, a director of the Company and a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Because Dr. Redwood is a director of the Company, he is not independent under National Instrument 43-101.
About BP Silver Corp.
BP Silver Corp. is a Canadian exploration company focused on advancing high-grade silver projects in Bolivia. The Company's flagship asset, the Cosuño Project, is located in the Bolivian silver belt, a region with a long mining history and significant remaining discovery potential. BP Silver said its technical team and exploration strategy are aimed at creating shareholder value through the discovery and development of major silver deposits.
For further information, please contact:
Tim Shearcroft, Founder and Chief Executive Officer 604-307-7032 Info@BPSilverCorp.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions, and expectations, but they are not guarantees of future performance. The Company cautions that all forward-looking statements involve uncertainty and that actual results may differ materially because of a number of factors, many of which are beyond the Company's control. These factors include, among others: future prices and supply of silver and other precious and other metals; future demand for silver and other valuable metals; the inability to raise the funds needed to incur the expenditures required to retain and advance the property; environmental liabilities, known and unknown; general business, economic, competitive, political and social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays in obtaining governmental approvals; and failure to obtain necessary regulatory or shareholder approvals.
There can be no assurance that such statements will prove accurate. Readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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About the author
BP Silver Corp.
BP Silver is a newly listed Canadian silver exploration company trading on the TSX Venture Exchange under the ticker "BPAG". Its flagship Cosuño Project in Potosí, Bolivia, is located within the Bolivian silver belt near deposits such as Cerro Rico and San Cristobal.
Surface sampling at Cosuño returned silver grades of up to 1,035 g/t Ag, along with significant base-metal by-products. After its TSX-V listing in September 2025, BP Silver began and completed the first diamond drilling program at the project between November and December 2025. The Phase 1 program included 11 diamond drill holes totaling 906 metres and tested four high-priority targets across an approximately 10.5 km² hydrothermal alteration system. The system is characterized by geochemical anomalies, strong alteration, and brecciation, features that are typical of major Bolivian silver systems. Initial assay results were expected in January 2026.
The company said it is led by a team with decades of Latin American and global mining experience and that it offers early exposure to a silver discovery opportunity in an underexplored region.
