Bolo

The Bolo Project is 100% owned by Allegiant, subject to underlying royalties, and is located 90 kilometres northeast of Tonopah, Nevada. A 14-hole reverse circulation drill program, totaling 2,806 metres, was recently completed at Bolo, see news release dated August 31, 2017. Samples from the drill program will be sent to the lab for assaying after Allegiant lists.

The target at Bolo is Carlin-style gold mineralization, similar to the gold mineralization that can be seen at the Pinson, Lone Tree/Stonehouse, and Turquoise Ridge/Getchell, all multimillion ounce producers, where gold spreads into wall rocks along high-angle structures. Gold values ranging from 0.34 to 8.6 g/t gold have been obtained at Bolo from jasperoids and iron-stained structures cutting Cambrian and Ordovician sedimentary rocks, along two parallel north trending faults known as the Mine Fault and the East Fault. Both of these fault zones represent excellent drill targets. Alteration along the Mine Fault has been traced for 2,750 metres, with outcrop sampling returning gold values up to 8.6 g/t gold. The East Fault has been mapped for 2,200 metres and has returned gold values up to 4.7 g/t gold.

Technical Report
Significant Intercepts
Maps
Gallery
Drill Maps

Exploration History

Bolo was drilled by Chevron, USMX, and Canerta in the 1970’s and 1980’s. However, most of the drilling was less than 45 metres in depth. Two shallow pods of oxide gold mineralization were encountered at the Mine Fault by previous operators and by Columbus Gold. Drilling by Canerta primarily concentrated along the southerly 300 metres of the Mine Fault, where several of the holes intercepted higher-grade gold mineralization, this area is now called the South Mine Fault Zone. Drilling at the South Mine Fault Zone by Columbus returned a number of favourable intercepts, including drill hole BL-38, which returned 133 metres of 1.28 g/t gold (including 30.5 meters of 3.24 g/t gold) from surface, drill hole BL-39, which returned 89.9 metres of 1.0 g/t gold (including 40.0 m. of 2.05 g/t gold) from surface, and hole BL-41, which returned 51.8 metres of 1.27 g/t gold from surface. Drilling by Chevron in 1975 encountered another pod of gold mineralization, located approximately 500 metres north of the South Mine Fault Zone, with hole HD-3 returning 18.1 metres of 1.51 g/t gold, from 7.5 to 25.6 metres.

In addition to significant gold mineralization, Bolo has also returned significant silver values, hole BL-37 returned 3 metres of 360.5 g/t silver within 28.8 metres of 57.6 g/t silver.

View Cross sections of these holes

Uncle Sam Claim

The Uncle Sam patented claim, which is located immediately south of the South Mine Fault Zone, has yielded encouraging gold values, particularly from a small open pit, where continuous rock chip sampling along the pit walls has returned values up to 3.05 g/t gold and 1,074.1 g/t silver over more than a metre. Uncle Sam was the focus of the recent drill program.

View Uncle Sam claim chip sample values

View drill hole location maps from the 2013 drill campaign

View a table of significant results from the 2013 drill campaign

All of the mineralization intercepted at Bolo is logged as “oxidized” and is Carlin-type mineralization associated with weak silicification and decalcification of Paleozoic sedimentary rocks.

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