Axcap lands Newton and High-grade hits at Cumberland
- Axcap + Carlyle: Axcap acquires the 842 koz Newton deposit in BC for cash, shares, warrants, and milestone payments.
- RUA Gold: first two holes at Cumberland deliver shallow, high-grade quartz veins, validating the VRIFY AI targeting.
- Macro: bullion is consolidating near US $3,300/oz after April’s record run; Goldman still targets US $3,700 by year-end 2025.
Axcap picks up Newton from Carlyle
- CA$500 k cash (paid)
- 3.75 M Axcap shares + 0.5 M $0.20 warrants at close
- CA$1.25 M in Axcap shares 12 months post-close
- Up to 22.5 M shares + CA$2 M cash on resource and study milestones (2 Moz, 3 Moz, PFS, BFS).
Newton’s 842 koz inferred resource (0.64 g/t Au) gives Axcap a bulk-tonnage anchor in a province that just watched Artemis turn Blackwater into a C$3 B project. Carlyle keeps upside without burning drill dollars.
Axcap Signs Definitive Mineral Property Purchase Agreement Acquiring the Newton Gold Project Located in British Columbia, Canada - Financial Gambits
VANCOUVER, BC / ACCESS Newswire / May 26, 2025 / Axcap Ventures Inc. (“Axcap”) (CSE:AXCP)(OTC PINK:GARLF) and Carlyle Commodities Corp.
Financial Gambits
Cumberland—momentum out of the gate
| Hole | From (m) | Interval | Grade (g/t Au) | Highlight |
|---|---|---|---|---|
| CUDDH001 | 44 | 3 m | 6.3 | inc. 1 m @ 16.2 |
| CUDDH002 | 64 | 14 m | 3.4 | inc. 1 m @ 26.9 |
- True widths on the main Gallant vein run 5–9 m, just 64 m below surface, keeping metre costs low.
- Grade-thickness averages ~33 g·m, in line with producing underground mines.
- Rig has moved 100 m south; six holes (70–180 m) will test a 2 km south-plunging structure mapped at surface.
- The target was flagged by VRIFY’s DORA platform after crunching 170 k+ data points, cutting months off conventional targeting.
Why it matters: Fast validation of AI targeting plus near-surface ounces is the quickest route to a maiden resource for a hub-and-spoke plan at Reefton.
RUA GOLD Announces High-Grade Near-Surface Gold Intercepts at Cumberland, Featuring 1m at 26.9g/t Au (with a Broader Interval of 14m at 3.4g/t) and 1m at 16.2g/t Au, Validating Mineralization Continuity at the Gallant Target - Financial Gambits
Rua Gold Inc. announced initial drilling results from New Zealand’s Cumberland gold camp, with high-grade gold intersections in the first two holes validating AI-assisted target identification. Drilling continues along a historic mine corridor, focusing on the promising Gallant target. The company aims for economically viable gold development through systematic exploration.
Financial Gambits
Gold market pulse — 28 May 2025
| Metric | Value | Source |
|---|---|---|
| Spot price (28 May, ≈11 a.m. NY) | US $3,304/oz | Kitco live chart |
| Day change | +0.05 % ( + US $1.80 ) | MarketWatch futures quote |
| Recent high (May 7) | US $3,500/oz | Reuters |
| Street target (Goldman Sachs) | US $3,700 by Q4 2025 | Reuters |
Read-through
Dollar firmness and the will-they-won’t-they rate-cut debate are keeping bullion range-bound just above US $3,300. ETF inflows remain positive, and central-bank buying continues to provide a sturdy floor. Traders will key off Fed speakers through Thursday and, most importantly, Friday’s core PCE print—any dovish tilt re-opens a shot at the US $3,350–3,400 band.
