BP Silver Starts Phase 2 Drilling at Cosuño Silver Project in Bolivia
BP Silver Corp has commenced a 2,000-meter Phase 2 drill program at its Cosuño Silver Project in Bolivia, targeting high-grade silver mineralization and building on Phase 1 results.
BP Silver Corp has commenced a 2,000-meter Phase 2 drill program at its wholly-owned Cosuño Silver Project in the Department of Potosí, Bolivia. The program, which started on June 30, 2026, aims to test the broader potential of the Cosuño lithocap-hosted hydrothermal system and build on positive Phase 1 results.
The Phase 2 program is expected to include approximately 20 to 24 diamond drill holes, with the first hole already following up on high-grade silver mineralization identified earlier. This exploration effort is crucial for defining the resource potential at Cosuño, which could impact future supply dynamics in the silver market. For precious metals traders, positive drilling results often translate into increased investor interest in silver equities, potentially influencing silver prices. Live gold and silver prices on NowPrice reflect how such exploration news can affect market sentiment.
Investors will watch for assay results from the Phase 2 program in the coming months. Successful delineation of high-grade zones could enhance the project's economics and attract further investment. The broader silver market remains sensitive to supply-side developments, especially as industrial demand for silver grows in renewable energy and electronics sectors.