I speak with Tim Shearcroft, the CEO, founder, and director of BP Silver Corporation about their best-ever drill results on the first anniversary of their trading on the TSX Venture Exchange.
The first two-drill holes from Phase II have been released which reveal significant high-grade silver and critical metals in a newly discovered feeder zone.
Feeder Zones Indicate Large Potential: The discovery of feeder systems is analogous to the world-class Pulacayo silver deposit nearby, suggesting the potential for large-scale mineralization beneath the current surface targets.
Some key highlights include:
🎯 Best drill results recorded ever at Cosuño: 3 meters at 1,328 g/t silver equivalent from hole 13 in a newly discovered feeder zone, a milestone coinciding with company’s 1-year trading anniversary.
🎯 Critical metals bismuth and antimony discovered: These metals have strategic importance, high value and are indications of heated thermal fluids which are indications of a larger system at depth.
🎯 Ongoing drilling strategy aims for continuity and depth: Undercutting key holes to confirm persistence and grade trends; layered drilling necessary due to structural complexity.
🎯 Geophysical surveys (MAG and IP) crucial for next phases: These surveys support subsurface mapping to better target feeders and underlying vein systems. MAG has been completed and IP surveying is underway.
Please watch the full interview to learn more about the first results from Phase II drilling, with at least a couple dozen more holes and assays remaining in this phase of drilling.
$BPAG.v $BPSCF
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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