Continued Discovery Of New High Grade Zones At Converse

VANCOUVER – Axcap Ventures Inc. reported on the second drill hole (CV25-002C) of its ongoing exploration program at the 100%-owned Converse Project in Nevada. Highlights from Hole CV25-002C: 1) 18.01 metres grading 1.75 g/t gold, 1.05 g/t silver, and 0.02% copper within the Havallah Sequence from 228m, including: 11.43 metres grading 2.40 g/t gold, 0.91 g/t silver and 0.01% copper. 2) 10.85 metres grading 1.18 g/t gold, 3.55 g/t silver, and 0.39% copper from 925m. 3) The Golconda Thrust is a major structural feature associated with several large gold systems in Nevada, is present beneath the current Converse resource. A broad interval of 153.83 metres grading 0.30 g/t gold, 1.22 g/t silver, and 0.10% copper within the Antler Peak Formation contained the highlighted intersection of 10.85 metres grading 1.18 g/t gold, 3.55 g/t silver, and 0.39% copper.
The hole successfully drilled through the Havallah Sequence and intersected the Antler Peak Formation below the Golconda Thrust. This is the first confirmation of these favorable host rocks at depth on the property and marks a major milestone in validating the Company’s structural model targeting deeper intrusion-related gold, silver, and copper mineralization.
Following the CV25-001C intercept of 10.85 metres grading 5.45 g/t gold, hole CV25-002C confirms the presence of higher-grade zones both within and adjacent to the existing in-pit resource (330 Mt @ 0.525 g/t Au, M&I). Together, these holes underscore the potential to enhance grade within the current resource and highlight significant exploration upside at depth and along the deposit margins.
“Confirming the presence of the Antler Peak Formation below the Golconda Thrust is a key milestone in unlocking the deeper potential at Converse,” said, Blake McLaughlin, Vice President Exploration. “These results provide strong support for our view that Converse shares the same structural and geological setting as some of Nevada’s largest and most productive gold deposits. We look forward to continuing to test this high-impact target and to show the potential that still remains within and surrounding this deposit.”