Axcap Strikes Again with New High-Grade Discovery at Converse

A Major Structural Breakthrough

What makes this hole more than just a promising assay is what it confirms geologically. Axcap has successfully drilled through the Havallah Sequence and intersected the Antler Peak Formation beneath the Golconda Thrust — a regionally significant structural boundary. This is the same litho-structural architecture that hosts several of Nevada’s most prolific gold systems including Marigold, Lonetree, Phoenix and Fortitude. The importance of this development can’t be overstated. It tells investors that Converse sits in the right neighborhood, with the right rocks and now — finally — the drilling to prove it.

Blake McLaughlin, VP of Exploration at Axcap, put it plainly. “Confirming the presence of the Antler Peak Formation below the Golconda Thrust is a key milestone,” he said. It’s not just about finding gold, it’s about understanding where to look next and why it matters. The Antler Peak is known for hosting gold in other major deposits. If Converse follows the same blueprint, Axcap may be standing on a much larger system than previously thought.

The Data Behind the Excitement

Beyond the headline intercepts, the broader mineralized zone spans an impressive 153.83 metres within the Antler Peak Formation. That interval grades 0.30 grams per tonne gold, 1.22 grams per tonne silver and 0.10 percent copper. In a world where ounces matter but volume can make or break a project, these numbers suggest a robust and potentially scalable system.

What’s also notable is the consistency and depth of the mineralization. From 925 metres onward, the company hit multiple mineralized intervals, including a standout section grading 2.44 grams per tonne gold, 7.5 grams per tonne silver and 1.035 percent copper — a rare and valuable combination of precious and base metals. The deeper the company drills, the more it seems to find. And with every metre, Axcap inches closer to redefining what this project is worth.

The Road Ahead Looks Deep and Promising

Axcap isn’t stopping here. The ongoing program is part of a broader strategy to prove out deeper, intrusion-related gold and copper mineralization. The team believes that these deeper systems could be the real prize — the kind of mineralization that turns a mid-tier explorer into a major acquisition target or mine builder.

What sets Axcap apart is not just its drill results, but its commitment to data-driven exploration. QA/QC protocols are tightly managed. Cores are handled with precision. Independent labs like ALS Global are used to ensure accuracy and transparency. Every detail from collar coordinates to pulp duplicates is reviewed, checked and stored. This isn’t just exploration. It’s execution with a capital E.

A Model That’s Working — And Winning Support

With the validation of its structural model and the continued discovery of high-grade zones, Axcap is sending a message to the market. This is no longer just about drilling out the edges of a known resource. This is about depth, upside and blue-sky potential.

The company has managed to draw compelling parallels to Nevada’s most productive gold systems, all while advancing a property that it owns 100 percent. That ownership matters. It means optionality. It means leverage. And it means that any success at Converse flows directly to shareholders.

Conclusion: A New Chapter in the Making

Axcap Ventures is doing something rare in junior exploration — it’s turning theory into discovery. By confirming the Antler Peak Formation and proving mineralization beneath the Golconda Thrust, the company has unlocked a door to deeper value. The intercepts speak for themselves. The model is working. And the upside potential just got a lot more interesting. Investors looking for a serious gold story in Nevada would do well to keep their eyes on Converse. This is no longer a question of whether there’s more to find — it’s a matter of how much and how fast Axcap can uncover it.

Sources

1. Axcap Ventures News Release August 7, 2025: https://www.stockwatch.com/News/Item/Z-C!AXCP-3718070/C/AXCP

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Forward Looking Statements

This article contains forward-looking statements about Axcap Ventures Inc., which are identified by terms such as “anticipate”; “expect”; and “project”; These statements reflect current views regarding company performance, business goals, healthcare market expectations, and intellectual property development. The statements are based on current business and market expectations. However, they involve various risks and uncertainties, including potential delays, financial difficulties, and operational challenges. Additional risks include possible regulatory approval delays, market disruptions, personnel issues, and competitive pressures. Given these risks and uncertainties, actual results may differ significantly from what is described in the forward-looking statements. Readers should not place undue reliance on these statements, which are only valid as of the article’s publication date and we undertake no obligation to update.

Technical Information

The scientific and technical information in this article has been reviewed and approved by Blake Mclaughlin, PGeo. Vice President Exploration of Axcap, who is a “Qualified Person” as defined under National Instrument 43-101 - Standards of Disclosure for Minerals Projects.