Old Rusty Bearded Axe Restoration

Hello folks! Today I want to show you my new restoration project. When I was seen that axe, I instantly made decision to bought it. I never seen before this shape of axe and also never had. So, start to restoration! I removed axe old handle and used electrolysis to remove dirty, rust and muck. After I used angle grinder to remove black color and some patina. But after grinding I found that the axe has a lot of holes and indentations with blackness and I made decision to use an iron chloride to hide all the