Drill, Baby, Drill: Axcap’s Gold Surprise Under the Pit
Disseminated on behalf of Axcap Ventures Inc.

In the heart of Nevada’s storied Battle Mountain-Eureka Trend, Axcap Ventures Inc (OTC: GARLF | CSE: AXCP) has made a bold entrance into the exploration scene with news that could reset the clock on an already massive gold resource. The company’s first drill hole, CV25-001C, part of a 5,500-meter program at its Converse Project, has not only confirmed near-surface mineralization but pierced into an entirely new high-grade zone lying beneath the existing pit shell.
While maiden holes often play a cautious role, confirming assumptions, adjusting models, and easing investor nerves, Axcap’s first attempt has done something else entirely. It has challenged the limits of the previously modeled resource, revealing a new, deeper zone grading 5.45 grams per tonne gold over 10.85 meters. That kind of intercept, especially below a known resource, changes everything. It doesn’t just validate the model; it enhances the future. It repositions the asset from a large, low-grade open-pit story to something with the potential for a hybrid, higher-margin development scenario.
The Converse Project already holds an impressive 5.5 million ounces of gold (330mt@0.53g/t) in measured and indicated categories and another 420,000 ounces inferred (25mt@0.53g/t). That’s already a significant number for any explorer. But grades like this, those intersected deeper down at 666.4 meters, paint a different kind of picture. High-grade, skarn-hosted mineralization in retrograde-altered, limey sandstone with sulphides may signal a style of mineralization previously overlooked by former operators.
