Northwire Canada EditionFriday, July 17, 2026
Sign inSubscribe
Northwire
⌕
LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Technical Study Routine +

Roxmore Resources Initiates Major Infill and Extensional Drilling Program at Converse Gold Project

Roxmore Resources Executes Drilling Plan Amidst Valuation Run-Up

By The Northwire Desk — AI Analysis Apr 13, 2026 · 07:00 RM · 4.71 Roxmore Resources Inc.
Executive Summary
  • Date: April 13, 2026
  • Event: Initiation of a 30,000m infill and extensional drilling program at the Converse Gold Project.
  • Scope: Phase 1 (15,000m) is underway; total planned 30,000m to support an upcoming Preliminary Economic Assessment (PEA) and Prefeasibility Study (PFS).
  • Results: Early intercept from hole CV25-005C returned 25.0m @ 0.96 g/t Au (including 10.8m @ 1.70 g/t Au).
  • Operations: New RC drill rig added; Sunstone Environmental Solutions engaged for permitting; water well drilling commenced for hydrological studies.
  • Infrastructure: New core warehouse and office facility commissioned in Winnemucca, NV.
  • Catalysts: Q2 2026 PEA release; Q3 2026 silver re-assay results.
Material Impact
  • Execution Confirmation: The drilling program was explicitly funded by the C$32.64M private placement closed in March 2026. This news confirms capital deployment is proceeding as planned rather than revealing new discovery potential.
  • Grade Expectations: Early intercepts (0.96 g/t Au) are consistent with oxide mineralization expectations but do not represent a significant grade upgrade that would materially alter the resource model immediately.
  • Market Context: The stock price has appreciated from C$2.40 (financing price in Feb/March) to C$4.71 (April 10 close). This represents a ~96% gain prior to this operational update, suggesting much of the "execution risk" reduction is already priced in.
  • Risk Mitigation: The news reduces execution risk by confirming active drilling and permitting engagement, but does not de-risk the PEA economic outcomes which remain pending.
RM · Price
Company Overview
  • Overview: Roxmore Resources Inc. (formerly Axcap Ventures Inc.) is a gold development company focused on the Converse Gold Project in Nevada. The company underwent a reverse split (10:1) and name change in November 2025 following the acquisition of Taura Gold Inc.
  • Flagship Project: Converse Gold Project, Humboldt County, Nevada.
    • Resource Estimate: ~5.9 Moz Au total (5.57 Moz M&I @ 0.52 g/t; 0.42 Moz Inferred @ 0.53 g/t) as per March 2026 analyst coverage.
    • Status: Pre-PEA / Pre-PFS.
  • Other Assets: Rattlesnake Hills Gold Project (Wyoming), Newton Gold Project, Gulliver River Project.
Read the original news release →

More from Roxmore Resources Inc.

Jul 09, 2026 · 07:01

Roxmore infill drilling confirms Converse deposit grades consistent with the PEA model without delivering new discoveries or step-out results.

Drill Results Jun 03, 2026 · 17:16

Roxmore Makes Secondary Payment for Newton Gold Project

M&A / Property Jun 01, 2026 · 17:01

Roxmore Files NI 43-101 for Converse PEA, Cementing $2.7B NPV Case Amidst Broader Market Consolidation

Resource Estimate Apr 20, 2026 · 07:00

Roxmore Resources Delivers High-NPV PEA But Faces Massive Capital Gap Ahead of Production

Technical Study Apr 17, 2026 · 07:00

Roxmore Resources Inc.

Production / Operations Mar 02, 2026 · 21:34

Roxmore closes $32.64-million private placement

Financings