In July 2017, Columbus Gold Corp. (CGT: TSX) announced plans spin-out its subsidiary, Allegiant Gold Ltd., which indirectly held Columbus' United States mineral property portfolio. In December 2017, the spin-out was approved and on Janaury 30, 2018, ALLEGIANT began trading on the TSX Venture Exchange under the trading symbol "AUAU". ALLEGIANT is led by CEO Andy Wallace, who is credited with discovering a number of multi-million-ounce gold mines in Nevada. 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, and has announced plans to drill 10 projects, including the Eastside gold project. Drilling at Eastside and is focused on resource expansion at the Original Zone, an area within Eastside, which 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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