Axcap Ventures Taps Nevada’s Gold Rush with Converse PEA and M&A Buzz
Disseminated on behalf of Axcap Ventures Inc.

Gold’s dazzling climb to $3,354.58 per troy ounce has set Nevada’s mining scene ablaze, and Axcap Ventures Inc. (OTC: GARLF | CSE: AXCP) is seizing the moment with a Preliminary Economic Assessment (PEA) for its 100%-owned Converse Gold Project, one of the largest undeveloped gold deposits in the U.S. (1). As AngloGold Ashanti’s $197 million acquisition of Augusta Gold underscores Nevada’s red-hot gold market, Axcap’s $1 million insider buying and undervalued assets make it a standout in a booming gold market (7, 14). Let’s unpack the Converse PEA, Nevada’s M&A fever, gold’s glittering technicals, and why AXCP could be a stock to watch.
On July 17, 2025, Axcap announced the launch of a PEA for the Converse Gold Project, the first comprehensive economic study in over a decade, poised to unlock value in a >$3,000/oz gold market (1). Located on Nevada’s Battle Mountain Trend, Converse hosts 330 million tonnes at 0.53 g/t gold for 5.57 million ounces of measured and indicated resources, plus 25 million tonnes at 0.53 g/t for 420,000 ounces of inferred resources, per the February 13, 2025, NI 43-101 Technical Report (2). The PEA will dive into resource modeling, mine plan optimization, heap leach recovery (77% for oxide, 62% for transition, 50% for sulphide), and economic scenarios across gold prices (1, 2). Mario Vetro, Axcap’s Chair, declared, “Converse is among the largest resources in the state and country… We look forward to demonstrating that Axcap is undervalued” (1). This milestone could catalyze Axcap’s portfolio, which totals 6.18 million ounces of measured and indicated and 1.69 million ounces of inferred gold resources (8).
