Axcap Ventures Discovers High-Grade Gold Zone at Converse Project

Axcap Ventures Inc., based in Toronto, has announced promising results from its initial drill hole, CV25-001C, at the Converse Project in Nevada. This is part of their 5,500-meter drilling initiative. The results confirm near-surface gold mineralization and reveal a potentially new, higher-grade gold zone at greater depth.

The standout finding includes a 10.85-meter section grading 5.45 g/t of gold, marking a discovery of a new mineralization zone unexplored by previous operators. The project currently hosts a significant open pit resource, with a mineral resource of 5.5 million ounces at 0.53 g/t in measured and indicated categories.

Drilling CV25-001 revealed additional mineralization, supporting the expansion of the open pit resource. Axcap's ongoing exploration aims to reduce waste and explore mineralization beyond the current pit shell.