Volt Options Prospective Open Pit Primary Silver Target in ANot saying to buy or sell..
Part of release..
Sean McGrath, CEO stated, “We are pleased to have reached a definitive agreement on excellent terms, for this high-quality silver project. Clanton Hills is a unique opportunity, which to the best of our knowledge, may be one of only a few, open pit primary silver targets of its type in the United States, with the potential for scale.” Mr. McGrath further stated, “The chance to be the first to test this target of John Livermore’s and Andy Wallace’s, whom are considered by many to rank amongst the most successful explorers in the United States, with an unprecedented combined 10 discoveries that developed into mines, is truly exceptional.” About Clanton Hills
The Clanton Hills Project is located 112 km west of Phoenix, Arizona and consists of 32 mineral claims. Clanton Hills resembles many low-sulfidation, epithermal mineral occurrences in the Cordillera of the Western Hemisphere, however, it is unusual as silver values are present over considerable widths, up to 30 metres, in the wall rocks of mineralized structures. This presents a drill target with the potential to host large volumes of lower-grade silver mineralization over long intercepts in the walls of the structures, in addition to conventional higher-grade mineralization over the narrower widths of the veins that are typical of the district. The shallow nature of the structures also suggests open-pit potential, making the Clanton Hills target a truly unique opportunity for a primary silver discovery.
The project is centered on an isolated, bedrock knob of silicified breccia measuring about 25 meters by 90 meters. The knob is completely surrounded by a pediment surface, where gravel cover is estimated to be 10 to 15 feet thick.
Reconnaissance sampling of irregularly shaped bodies of quartz and calcite in silicified breccia making up the knob yielded several samples running from 60 to 250 g/t silver with low gold values (to 170 ppb). The breccia is interpreted to have been formed along a northwesterly-trending range front fault, which is mostly all covered with shallow gravel.
Mapping and a CSAMT survey was completed and the results of the CSAMT survey are encouraging as two or three more northwesterly structures, parallel to the known mineralized structure, are indicated, but are completely covered by the thin veneer of gravel.
Qualified Person
Andy Wallace is a Director of Allegiant Gold Ltd. and is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is a Qualified Person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Wallace has reviewed and approved the technical content of this press release.