BP Silver Corp. has advanced its property-wide drone-based magnetic survey to approximately 35% completion at the 100% owned Cosuño Silver Project in Bolivia.

The ongoing geophysical survey is designed to cover a minimum of 540 line-kilometres using a 100-metre line spacing. The program incorporates a tighter 50-metre line spacing in specific areas where higher-resolution coverage is required to map underlying structures.

Data collected from the survey will be integrated with existing geological mapping, surface sampling, and previous geophysical datasets. BP Silver will use the combined data to refine its exploration model and generate drill targets ahead of a planned 6,000-metre Phase 3 diamond drill program scheduled to commence later in 2026.

The exploration campaign builds on earlier operational phases at the property, which included an 11-hole Phase 1 drill program and the launch of a 2,000-metre Phase 2 drill program. The company considers the property its flagship asset, situated within the prolific Bolivian silver belt.

To fund these ongoing exploration activities, BP Silver raised aggregate gross proceeds of C$10.02 million through a non-brokered private placement.

The technical information in the update was reviewed and approved by Dr. Stewart D. Redwood, a director and qualified person under National Instrument 43-101. Because he serves as a director, he is not classified as independent. BP Silver stated that it will provide further operational updates as the magnetic survey continues to progress toward completion.

Regional exploration across the surrounding district includes activity by Silver Elephant Mining Corp., which reported underground channel sampling returning 539 g/t silver over 10.0 meters at its Apuradita silver project in July 2026.

Read the full announcement: BP Silver Provides Update on Drone Magnetic Survey at the Cosuño Silver Project, Bolivia