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BP Silver Corp. ( (TSE:BPAG) ) just unveiled an announcement.
BP Silver Corp. reported initial assay results from the first two drill holes of its 11-hole Phase I program at the Cosuño Silver Project in Bolivia, with Hole CO-0001 intersecting 29 meters grading 56 g/t silver and 0.28 g/t gold (80 g/t silver equivalent) within the Cosuño lithocap. The company said these early results confirm that surface silver anomalies extend at depth and are especially significant because lithocaps in comparable Bolivian systems are typically barren, suggesting Cosuño may host more extensive mineralization at depth and in covered areas; BP Silver also appointed veteran geologist Dr. Mark Cruise as Executive Chair as it prepares to release assays from the remaining nine holes in the coming weeks.
More about BP Silver Corp.
BP Silver Corp. is a mineral exploration company focused on silver and gold projects, with its flagship Cosuño Silver Project located in Bolivia. The company targets large hydrothermal systems and polymetallic vein-style deposits, using early-stage drilling and geochemical programs to define high-priority exploration targets within prospective lithocap and alteration zones.
Average Trading Volume: 173,753
Technical Sentiment Signal: Buy
Current Market Cap: C$32.57M
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