BP Silver Corp. (BPAG) has officially launched its Phase 2 diamond drill program at the Cosuño Silver Project in the Department of Potosí, Bolivia. Drilling operations began on June 30, 2026, with a planned 2,000-meter campaign consisting of 20 to 24 holes. This phase represents a major component of the company's broader 8,000-meter drilling initiative for the current year, aimed at evaluating the scale of the property’s lithocap-hosted hydrothermal system.

The program focuses on two key objectives: confirming and expanding high-grade mineralization at the Pocañita Chica target and conducting initial drill testing within the Jalsuri target cluster. Pocañita Chica previously returned significant results, including 5 meters grading 600.40 g/t silver. The technical team intends to test for both high-grade and broad zones of near-surface mineralization across multiple structures identified through recent mapping and sampling efforts.

"The commencement of Phase 2 drilling marks an important milestone for BP Silver as we continue to advance the Cosuño Project and make meaningful progress. This program is designed to follow up on the successful Phase 1 drill results, where the Pocañita Chica target returned significant high-grade silver mineralization, while also testing several newly identified targets within the greater Jalsuri area. With sixteen mapped and sampled breccia and vein structures identified within just three of our ten priority target areas, we believe we are only beginning to unlock the potential of the Cosuño Silver Project." — Tim Shearcroft, Founder and CEO

Beyond the active drilling, the company continues to advance secondary exploration activities. A drone magnetic survey, initially delayed by specialized equipment importation issues, is now expected to commence once weather conditions permit. Furthermore, the company plans to provide regular technical updates and release assay results as they become available throughout the 2026 drilling campaign to keep investors informed of project progress.

Read the full announcement: BP Silver Commences Phase 2 Drill Program at the Cosuño Silver Project, Bolivia