I speak with the CEO of BP Silver, Tim Shearcroft, after the company announced the discovery of multiple new veins and breccia structures at the Cosuño Silver Project.
After the first ever drill program showed a mineralized Lithocap, a positive indication that a much larger system exists below, the company raised an oversubscribed financing (CAD$10M+) and proceeded to do additional field work in preparations for a Phase II and III drill program in the coming months.
The field work program is helping to identify additional drill targets and the potential for a major silver deposit-discovery.
The first results are out from the field program and BP Silver has identified 16 outcropping veins and breccia structures, including one structure with an inferred strike length of approximately 1,000 meters and widths of up to 40 meters.
Tim Shearcroft shares more about today's news release and what the next steps are at Cosuño.
Canada – TSX.v: $BPAG
USA – OTCQX: $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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