Axcap Ventures Unveils Promising Gold Discoveries at Converse Project

Axcap Ventures Inc. has shared encouraging updates from its Converse Gold Project in Nevada, USA. The latest drill outcomes revealed a new zone of high-grade oxide gold located 170 metres from previous discoveries. This reinforces the idea that Converse is promising, with significant potential beyond its existing resource estimate of 5.57 Moz Au in Measured and Indicated Mineral Resources and 0.42 Moz Au in Inferred Mineral Resources.

The standout result came from drill hole CV25-005C, showing a 25.0-metre section grading 0.96 g/t Au. Meanwhile, drill hole CV25-003C confirmed continuity in several skarn zones. These findings extend Converse's footprint and suggest mineralization potential outside the current pit shell.

Metallurgical tests indicate promising recovery possibilities via heap leaching. The Preliminary Economic Assessment aims to position Converse as a major gold asset. Axcap remains focused on this strategy, considering the project’s dual oxide and bulk tonnage potential.