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Allegiant Gold Ltd V.AUAU

Alternate Symbol(s):  AUXXF

Allegiant Gold Ltd. is a Canada-based mid-stage precious metals exploration stage company. The Company’s activities are the exploration and evaluation of resource properties located in the United States of America. Its flagship project, the district-scale Eastside project, hosts a large and expanding gold and silver resource and is in an area of infrastructure. The project is located approximately 32 km west of Tonopah, Nevada. The Company’s projects include Bolo, Goldfield West, Browns Canyon, and Overland Pass. The Bolo project is located approximately 60 km northeast of Tonopah, Nevada. The Browns Canyon project consists of over 146 unpatented mining claims, and it is located on the prospective Battle Mountain Gold Trend of Nevada. The Goldfield West Project is comprised of approximately105 mineral claims and subject to a 2% royalty. The Overland Pass Project is100% owned by the Company, and it is located approximately 90 km south of Elko, Nevada.


TSXV:AUAU - Post by User

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Post by zukuenftigeron Aug 31, 2018 8:46am
80 Views
Post# 28547661

Good news:

Good news:Allegiant Gold Ltd. (ALLEGIANT) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce the remaining 13 drill holes, holes 156-168, from the 22-hole phase 1 resource expansion drill program, totaling 8,265 metres, at its 100% owned Eastside gold project, located 32 kilometres west of Tonopah, Nevada. Highlights: The phase 1 resource expansion drill program was successful in extending the Original Zone, an area within Eastside, 300 metres to the west and 400 metres to the south, where it still remains open in both directions. Further, all of the holes were drilled in areas currently classified as waste in the pit-constrained resource estimate, which currently stands at 721,000 gold equivalent ounces1, below the planned pit or below the pit layback. Drill hole 147 returned 42.7 metres of 2.49 g/t gold, including 9.1 metres of 9.03 g/t gold. Drill hole 151 returned thick zones of gold and silver mineralization bottoming in 79.2 metres of 1.03 g/t gold. Drill hole 161 returned 74.7 metres of 0.89 g/t gold. Were very pleased with the results of the phase 1 resource expansion drill program, said Robert Giustra, Chairman & CEO of ALLEGIANT. The results demonstrate that our objectives of doubling the in-pit ounces and significantly reducing the strip ratio at the Original Zone remain in sight. Further, the results verify that the Original Zone is a very large gold system. Drilling to date has not constrained the boundaries of the deposit and it remains open in almost every direction. Read more at https://www.stockhouse.com/news/press-releases/2018/08/31/drilling-at-allegiants-eastside-gold-project-extends-original-zone-400-metres#llETiXTBsC4rGzgQ.99
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