Welcome to our dedicated page for Roxmore Resources news (Ticker: GARLF), a resource for investors and traders seeking the latest updates and insights on Roxmore Resources stock.
The news feed for GARLF covers disclosures and updates from the issuer associated with Axcap Ventures Inc. and, in later releases, Roxmore Resources Inc. (formerly Axcap Ventures Inc.). Company news focuses heavily on its gold-focused activities in North America, particularly the Converse Gold Project in Nevada, USA, and on corporate developments affecting shareholders and the trading status of its securities.
Exploration-focused releases describe drill programs at the Converse Project, including detailed assay tables, geological interpretations involving units such as the Havallah Sequence and Antler Peak Formation, and references to the Golconda Thrust. These updates highlight intervals of gold, silver and copper mineralization and outline the company’s quality assurance and quality control procedures, as well as oversight by Qualified Persons under National Instrument 43-101.
Other news items discuss the engagement of a Preliminary Economic Assessment (PEA) for the Converse Gold Project, extensions of milestone payment deadlines with counterparties, and capital markets actions such as voluntary pooling agreements that restrict the sale of certain common shares issued in a prior private placement. Governance-related releases include the introduction of a minimum share ownership policy for directors and senior executives and commentary on insider share purchases.
Corporate and transactional news covers Axcap’s share consolidation and name change to Roxmore Resources Inc., the commencement of trading under the symbol "RM" on the Canadian Securities Exchange, and the use of the OTC symbol GARLF in the United States. Additional releases describe the completion of a plan of arrangement through which Roxmore acquired all of the issued and outstanding shares of Taura Gold Inc., making Taura a wholly owned subsidiary focused on gold exploration in Canada. Marketing and investor relations agreements with multiple service providers are also outlined, with specified terms and cash compensation.
Investors and researchers can use this news stream to follow exploration results, technical studies, corporate restructuring, and capital markets activities related to GARLF and its underlying issuer.
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