Roxmore Resources Inc. reports developments tied to its 100% owned Converse Gold Project on the Battle Mountain-Eureka Trend in Nevada. Company news centers on gold-project advancement, including preliminary economic assessment work, mineral resource updates, infill and extensional drilling, land-position changes, assay procedures and project-design considerations.
Roxmore updates also cover public-company matters such as shareholder meeting materials, audited financial statement review, director elections, auditor appointments, material agreements and capital-structure actions, including private placement financing used for project advancement and general corporate purposes.
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