Roxmore Resources (GARLF) Stock News

Axcap Ventures (OTCID:GARLF) has initiated a Preliminary Economic Assessment (PEA) for its wholly-owned Converse Gold Project in Nevada. The project represents one of the largest undeveloped gold deposits in the United States, with a Measured and Indicated Resource of 5.57 million ounces of gold at 0.53g/t Au and an additional Inferred Resource of 420,000 ounces.

The PEA will include updated resource modeling, mine plan optimization, and economic modeling at various gold price scenarios. Metallurgical data shows heap leach recovery rates of 77% for oxide, 62% for transition, and 50% for sulphide material. This assessment marks the first comprehensive economic study of the project in over a decade.

Axcap Ventures has announced significant drilling results from its first hole (CV25-001C) at the Converse Project in Nevada's Battle Mountain-Eureka Trend. The drilling confirmed near-surface gold mineralization and discovered a new high-grade zone at depth, intersecting 10.85 meters grading 5.45 g/t gold from 666.4 meters depth. The project currently hosts a large open pit resource of 5.5 Moz at 0.53 g/t in measured and indicated categories, plus 420koz at 0.53 g/t inferred. Key intersections include 26.18 meters at 2.52 g/t gold from 654 meters and 21.21 meters at 0.31 g/t Au with silver and copper credits from 208.8m. The discovery is part of a 5,500-meter drill program aimed at confirming current resources, reducing waste, and testing for mineralization expansion opportunities.

Axcap Ventures has implemented a minimum share ownership policy for its Board of Directors and Senior Executives, requiring them to maintain specific ownership levels of company shares. Since January 2025, insiders have collectively acquired over 2.4 million shares worth more than $400,000 in the open market. The policy mandates that certain parties must own shares equivalent to at least two times their base salary, including unvested share units like PSUs and RSUs. Any material changes to this threshold will require mutual consent. The company's Converse property represents the largest undeveloped gold deposit in Nevada with 5.57 Moz M&I, and management expects to release initial drill results in the coming weeks.

Axcap Ventures (CSE:AXCP)(OTC:GARLF) announced that shareholders have agreed to a voluntary lockup of 96 million shares, representing 57.15% of the 168 million shares issued in their $0.06 unit offering from August/September 2024. The lockup shares will be released gradually: 22.5% after 3 months, followed by 5% monthly releases from months 12-19, and 7.5% monthly releases from months 20-24. Board member Mario Vetro highlighted ongoing drilling at the Converse gold project in Nevada and recent developments including a cleared base shelf prospectus and new marketing initiatives. The company is currently valued at $5 per ounce of gold, which management considers undervalued compared to peers.

AXCAP Ventures (CSE:AXCP)(OTC:GARLF) has announced extensive investor relations and marketing agreements with 11 different service providers, commencing May 2, 2025. The company is investing approximately $3.05 million CAD in marketing initiatives across North America and Europe. Key partnerships include Senergy Communications ($200,000/month for 4 months), Echo Elite Ads (€133,000 for 6 weeks), and Gold Standard Media ($500,000 USD for 6 months). The agreements focus on digital marketing, advertising, content creation, and investor awareness services. Notably, none of the service providers will receive company securities or stock options as compensation. AXCAP Ventures operates as an investment company primarily focused on identifying and acquiring gold projects in North America.

Axcap Ventures has announced major milestones in its gold acquisition strategy, having secured 6.18 million ounces of Measured and Indicated (M+I) gold resources and 1.69 million ounces of Inferred gold resources across three North American assets.

The company's portfolio includes the flagship Converse project in Nevada (5.57Moz M+I), Rattlesnake Hills in Wyoming (0.61Moz M+I, 0.43Moz Inferred), and Newton in British Columbia (0.84Moz Inferred). A 5,000m drill program has commenced at Converse, targeting depth extensions and structural controls.

Key developments include strengthening the technical team with Blake Mclaughlin, former Chief Geologist at Argonaut Gold, launching a new corporate website, and significant insider buying exceeding $1 million. The company acquired these resources at an average of $5 per ounce, with gold now trading above $3,400/oz.

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

Drilling is scheduled to commence in late March 2025, with results expected in the subsequent months.