ALLEGIANT owns 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada. Six of the projects will be drilled over the course of the next 10 to 12 months and offer excellent discovery opportunity. All of the drill targets have been identified and delineated by Andy Wallace, whom is credited with multiple gold mine discoveries in Nevada. ALLEGIANT’s flagship Eastside gold project hosts a large and expanding gold resource, is district scale, and is located in an area of excellent infrastructure. The Original Zone, an area within Eastside, hosts a pit-constrained inferred resource totaling 721,000 gold equivalent ounces (35,780,000 tons grading 0.63g/t gold equivalent). In addition to the Original Zone deposit, Eastside hosts numerous additional exploration targets and historical resources of 272,153 ounces gold (11,177,761 tons grading 0.82g/t gold).

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Eastside Gold Project

Nevada

Eastside is district-scale and is located in an area of outstanding infrastructure approximately 30-kilometres west of Tonopah, Nevada. Most of the drilling to date has been focused on the Original Zone, which hosts a gold and silver deposit that remains open to depth and in most directions. Eastside also hosts a number of high-priority exploration targets, historical resources, and a past producing mine.

Stage: Resource Expansion
48,485 metres
168 holes
m
Completed
721,000 ounces Gold equivalent

Red Hills Project

Nevada

Drilling is currently underway at ALLEGIANT’s 100% owned Red Hills project. A ground magnetic survey conducted at Red Hills has identified a large anomaly, interpreted to be buried intrusive rock. The magnetic anomaly has never been drilled before and represents a high quality porphyry copper molybdenum target. ALLEGIANT plans to drill test this target with eight reverse circulation drill holes, totaling up to 2,200 metres.
Stage: Discovery Opportunity
Magnetic anomaly
m
Drilling Underway
Copper-Molybdenum-Gold Porphyry and Skarns

Stock Info

TSX-V:
AUAU
Last:
$0.46
Change:
0.01
Gold:
$ 1201.22

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