Axcap Ventures Inc. Announces 5,000-Meter Drill Program at Converse Project
Axcap Ventures (CSE:AXCP)(OTC:GARLF) has launched a 5,000-meter drill program at its Converse Project in Nevada's Battle Mountain district. The program includes five drill holes aimed at refining the existing resource model and exploring deeper mineralization potential.
The property, situated within the Battle Mountain-Eureka Trend, currently hosts a Measured and Indicated Resource of 262.7 million tonnes at 0.61 g/t gold for 5.17 million ounces, and an Inferred Resource of 26.4 million tonnes at 0.65 g/t gold for 0.55 million ounces.
The drilling program focuses on:
- Resource expansion and optimization through near-surface drilling
- Following up on historic high-grade intersections
- Exploring potential high-grade skarn system in Lower Plate carbonate rocks
Axcap Ventures (CSE:AXCP)(OTC:GARLF) ha lanciato un programma di perforazione di 5.000 metri presso il suo Converse Project nel distretto di Battle Mountain, in Nevada. Il programma prevede cinque fori di perforazione finalizzati a perfezionare il modello di risorsa esistente e ad esplorare il potenziale di mineralizzazione più profonda.
La proprietà, situata all'interno del Trend Battle Mountain-Eureka, ospita attualmente una Risorsa Misurata e Indicata di 262,7 milioni di tonnellate a 0,61 g/t di oro per 5,17 milioni di once, e una Risorsa Indiretta di 26,4 milioni di tonnellate a 0,65 g/t di oro per 0,55 milioni di once.
Il programma di perforazione si concentra su:
- Espansione e ottimizzazione delle risorse attraverso perforazioni in prossimità della superficie
- Seguito delle storiche intersezioni ad alto grado
- Esplorazione del potenziale sistema skarn ad alto grado nelle rocce carbonatiche della Lower Plate
Axcap Ventures (CSE:AXCP)(OTC:GARLF) ha lanzado un programa de perforación de 5,000 metros en su Converse Project en el distrito de Battle Mountain, Nevada. El programa incluye cinco agujeros de perforación destinados a refinar el modelo de recursos existente y explorar el potencial de mineralización más profunda.
La propiedad, situada dentro de la Tendencia Battle Mountain-Eureka, actualmente alberga un Recurso Medido e Indicado de 262.7 millones de toneladas a 0.61 g/t de oro para 5.17 millones de onzas, y un Recurso Inferido de 26.4 millones de toneladas a 0.65 g/t de oro para 0.55 millones de onzas.
El programa de perforación se centra en:
- Expansión y optimización de recursos a través de perforaciones cercanas a la superficie
- Seguimiento de intersecciones históricas de alta ley
- Exploración del potencial sistema skarn de alta ley en las rocas carbonatadas de Lower Plate
Axcap Ventures (CSE:AXCP)(OTC:GARLF)는 네바다 배틀 마운틴 지구에 있는 Converse Project에서 5,000미터 드릴 프로그램을 시작했습니다. 이 프로그램은 기존 자원 모델을 정제하고 더 깊은 광물화 가능성을 탐색하기 위해 다섯 개의 드릴 홀을 포함합니다.
이 부지는 배틀 마운틴-유레카 트렌드 내에 위치하며, 현재 측정 및 표시된 자원이 0.61 g/t의 금으로 2억 6270만 톤, 5.17백만 온스에 해당하며, 추정 자원은 0.65 g/t의 금으로 2640만 톤, 0.55백만 온스에 해당합니다.
드릴링 프로그램은 다음에 중점을 두고 있습니다:
- 지표 근처의 드릴링을 통한 자원 확장 및 최적화
- 역사적인 고품질 교차점에 대한 후속 조치
- 하부 판 탄산염 암석에서의 고품질 스카른 시스템 탐색
Axcap Ventures (CSE:AXCP)(OTC:GARLF) a lancé un programme de forage de 5 000 mètres sur son Converse Project dans le district de Battle Mountain, au Nevada. Le programme comprend cinq forages visant à affiner le modèle de ressources existant et à explorer le potentiel de minéralisation plus profonde.
La propriété, située dans la tendance Battle Mountain-Eureka, abrite actuellement une Ressource Mesurée et Indiquée de 262,7 millions de tonnes à 0,61 g/t d'or pour 5,17 millions d'onces, et une Ressource Inférée de 26,4 millions de tonnes à 0,65 g/t d'or pour 0,55 million d'onces.
Le programme de forage se concentre sur :
- Expansion et optimisation des ressources par le forage près de la surface
- Suivi des intersections historiques de haute teneur
- Exploration du potentiel système skarn de haute teneur dans les roches carbonatées de la Lower Plate
Axcap Ventures (CSE:AXCP)(OTC:GARLF) hat ein Bohrprogramm über 5.000 Meter in seinem Converse Project im Battle Mountain-Distrikt in Nevada gestartet. Das Programm umfasst fünf Bohrlöcher, die darauf abzielen, das bestehende Ressourcenmodell zu verfeinern und das Potenzial für tiefere Mineralisierungen zu erkunden.
Das Grundstück, das sich im Battle Mountain-Eureka-Trend befindet, beherbergt derzeit eine Gemessene und Angezeigte Ressource von 262,7 Millionen Tonnen bei 0,61 g/t Gold für 5,17 Millionen Unzen und eine Vermutete Ressource von 26,4 Millionen Tonnen bei 0,65 g/t Gold für 0,55 Millionen Unzen.
Das Bohrprogramm konzentriert sich auf:
- Ressourcenerweiterung und -optimierung durch Bohrungen in der Nähe der Oberfläche
- Nachverfolgung historischer hochgradiger Schnittstellen
- Erforschung des potenziellen hochgradigen Skarnsystems in den karbonatischen Gesteinen der Lower Plate
- Substantial existing resource base of 5.17M oz Au Measured & Indicated plus 0.55M oz Au Inferred
- Strategic location in proven gold belt with >50M oz Au historical production
- Potential for high-grade mineralization discovery at depth
- Relatively low-grade resource (0.61-0.65 g/t Au)
- Results from drill program not available for several months
TORONTO, ON / ACCESS Newswire / March 25, 2025 / Axcap Ventures Inc. ("Axcap" or the "Company") (CSE:AXCP)(OTC:GARLF) is pleased to announce the commencement of a 5,000-meter drill program at its flagship Converse Project in Nevada. This program consists of five drill holes designed to refine the existing resource model, test for expansion potential, and evaluate deeper mineralization within reactive Lower Plate rocks.
The Converse Property is in the Battle Mountain district, within the Battle Mountain-Eureka Trend, one of the main gold deposit trends in Nevada comprising a northwest-trending belt of precious metal deposits with current reserves and past production exceeding 50 million oz Au. The property currently hosts a Measured and Indicated Resource of 262.7 million tonnes (Mt) at 0.61 grams per tonne gold (g/t Au) for 5.17 million ounces and Inferred Resource of 26.4 million tonnes (Mt) at 0.65 grams per tonne gold (g/t Au) for 0.55 million ounces.
Drill Program Highlights
Resource Expansion & Optimization: Near-surface drilling will target gaps within the existing resource to improve continuity and refine the deposit model.
Follow-Up on High-Grade Intersections: Initial holes will step out from historic intercepts ending in mineralization reinforcing the scale and strength of the system.
Blake McLaughlin, Vice President of Exploration at Axcap Ventures Inc., commented:
"Converse is already a significant asset, but we believe there is untapped potential at depth. By targeting Lower Plate carbonate rocks, we are exploring the possibility of a high-grade skarn system that could materially enhance the project's scale and economics. This program is an important step toward realizing Converse's full potential."
Located in a premier mining jurisdiction, the Converse Project hosts a large, well-defined gold system with substantial expansion potential. This drill program reflects Axcap's strategic approach to resource growth and value creation.
Drilling is set to begin in the last week of March, with results expected in the following months. The Company will provide updates as the program progresses.
Blake Mclaughlin, PGEO, a qualified person pursuant no 43-101, has reviewed and approved the technical content of this news release.
About Axcap Ventures Inc.
Axcap Ventures Inc. is an investment company focused on acquiring and developing high-value resource projects. Leveraging management's expertise in capital markets and project evaluation, Axcap is committed to maximizing shareholder returns through disciplined exploration and development strategies.
For more information, please contact:
Blake Mclaughlin, VP Exploration
bmclaughlin@patriotgoldvault.com
Mario Vetro, Director
mario@commoditypartners.ca
Forward-Looking Statements
This press release contains forward-looking statements regarding the scope and anticipated outcomes of the drill program at the Converse Project. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.
SOURCE: Axcap Ventures Inc.
View the original press release on ACCESS Newswire
FAQ
What is the size of Axcap Ventures' (GARLF) new drill program at Converse Project?
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