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Allegiant Gold Ltd.

ALLEGIANT owns 100% of 12 highly-prospective drill-ready gold projects in the US, 9 of them in Nevada. The majority of the drill targets have been identified by Andy Wallace, credited with multiple gold mine discoveries. ALLEGIANT is one of the most active explorers in the gold sector; 3 projects with “discovery potential" have been drilled since August 2018, and at least 4 more are planned to be drilled by June 2019. The flagship project Eastside hosts a large and open resource, located in an area of excellent infrastructure. The Original Zone at Eastside, hosts a pit-constrained inferred resource totaling 721,000 gold equivalent oz. (35.78m tonnes grading 0.63g/t gold equivalent). Preliminary metallurgical testing indicates that both oxide and sulphide mineralization at the Original Zone is amenable to heap leaching. Eastside also hosts numerous exploration targets and historical resources of 272,153 oz. gold (11,177,761 tons grading 0.82g/t gold).

Expert Comments:

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"Allegiant Gold Ltd.'s Eastside project, don't forget, has 654 Koz gold and 3.5 Moz silver in heap-leachable rock, with expansion potential and located in Nevada. That asset has value, to be sure, and if we get a rising gold market, the company's shares should gain based on the value of Eastside."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

"Allegiant Gold Ltd. provided an update recently on its exploration drill program in Nevada. The company has moved steadily through the six projects on its 'to drill' list, with results now in from Monitor Hills and drilling complete on Adularia Hill."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"Assays from Allegiant Gold Ltd.'s Adularia Hill target are currently back at the lab; the 21-hole, 3,170m program at Adularia Hill tested a 1,400m by 850m area outlined by surface sampling. The project lies within the Eastside project's claim block, some 12 km south of the resource-hosting Original zone."

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

"Allegiant Gold Ltd. has notified the market it has completed a maiden drill program on its Monitor Hills project. . .the company also collected in excess of 250 samples from outcrop at Monitor Hills, which identified eight specific target zones where grades of in excess of 1 g/t gold have been detected in outcrop. . .Allegiant seems to have drilled 20% more holes and meters (2,535m in 15 reverse circulation holes)."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

"Allegiant Gold Ltd. has collected 150 surface samples from Adularia Hill, with 30 of those samples containing gold values between 0.1 and 1.5 g/t. . .the company will ply Adularia Hill with 14 holes and 2,545m. With assays pending from Monitor Hills, Allegiant should continue to pepper the market with news."

Gwen Preston, Resource Maven

"Drilling has begun on Allegiant Gold Ltd.'s Monitor Hills project in Nevada.; it's the fourth project to see the drill bit in the company's six-project, discovery-focused exploration program. The program will consist of 10–12 rotary holes and total up to 2,150m."

More Expert Comments

Experts Following This Company

headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors

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Investing Highlights
People: Andy Wallace has discovered 5 gold mines in Nevada
Places: 9 gold projects in Nevada
Projects: Resource expansion and discovery opportunity
catalyst Calendar
Completion of drilling at 6 projects
Double resources at Eastside project, currently 721,000 oz gold
Allegiant Gold Ltd. Content