Axcap Ventures Initiates PEA for Converse Gold Project

Axcap Ventures Inc. has announced the commencement of a Preliminary Economic Assessment (PEA) for its 100%-owned Converse Gold Project in Nevada, USA. This evaluation represents the first extensive economic study on the project in over a decade.

The PEA aims to optimize the mine plan, assess heap leach recovery, and model economic outcomes under various gold price scenarios. The Converse Project's measured and indicated resources stand at 330 million tons, containing 5.57 million ounces of gold, with an additional inferred resource of 25 million tons.

Mario Vetro, Chair, highlighted the project's significant value potential and its strategic location in a well-established mining region. Axcap views this assessment as a crucial milestone for advancing technical studies, permitting, and forming strategic partnerships.