BP Silver Adds a Second Drill Rig to Phase 2 at the Cosuño Silver Project

Peter Spina

I spoke with BP Silver CEO Tim Shearcroft after news of extensive rock chip and channel sampling that produced promising results, including 935 grams g/t of silver, 1.51 g/t gold, zinc at 5.5%, and lead at 3.6%.

To accelerate progress and expand target coverage, BP Silver has mobilized a second drill rig, allowing simultaneous operations at two distinct zones. That additional capacity matters at an early-stage exploration project because it can help the company keep advancing multiple targets while pending assay results are still being compiled from Phase II work.

As the company advances through Phase II drilling and looks toward Phase III in the coming months, work remains ongoing. The company’s biggest and core target, Pocanita Grande, is close to having road access, according to the interview, which could support follow-up work as the project continues to move from sampling into broader drill testing.

Will there be an opportunity to drill some holes during Phase II?

Phase II drill efforts remain ongoing, and assay results are still pending, along with other exploration work. Tim provides an overview of the progress, including visuals of the prospective silver project. Watch to learn more about what is developing at BP Silver’s Cosuño project:

$BPAG.v | $BPSCF

About the author

Peter Spina

Founder and President of GoldSeek.com and SilverSeek.com

Twitter : @GoldSeek

His experience in precious metals markets began in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today, GoldSeek.com ranks among the most visited gold investor websites in the world, with more than 250,000 monthly readers globally. Its sister site, SilverSeek.com, is among the most visited silver websites in the world, recently reaching 100,000 monthly silver investor readers.

With more than 15 years of experience investing in gold and silver mining companies, Peter focuses much of his time on researching, consulting, and investing in gold and silver stocks, with a primary emphasis on micro-cap companies. He also focuses on gold and silver’s role as monetary metals and broader monetary and financial developments from a global perspective.

At the start of the new secular precious metals bull market, Peter launched the technically and fundamentally focused subscription newsletter Gold Seeker Report. In 2005, he merged that service and co-founded The Gold & Silver Forecaster weekly newsletter. Peter also specializes in helping start-up and micro-cap companies, typically with market capitalizations from $1 million to more than $100 million, connect with investors and capital through specialized consulting services, often in IPO, undiscovered, or turnaround situations.

In 2008, he launched an online gold and silver auction house, SeekBullion.com, which auctioned more than $10 million in bullion and coins in its first year, with an additional $10 million anticipated in the following years. In 2012, the site was under redevelopment ahead of a future relaunch. Peter also makes frequent media appearances, including in Investors Business Daily, MarketWatch, Reuters, and theStreet.com.

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