Allegiant owns 100% of the district-scale Eastside Gold-Silver project located 35km from the town of Tonopah in mining friendly Nevada, one of the world’s top mining jurisdictions.
The project has outstanding infrastructure for mining with a high-voltage power line passing through the northern boundary of the property and highway US 95 through the southern boundary. Preliminary metallurgical testing indicates that gold at Eastside is amenable to cyanide leaching for both oxide and sulfide mineralization.
Inferred gold and silver resources have been defined at the Original Zone, which remains open to the south, west and at depth, and possibly to the north and east. The southern margin of the property also hosts historical near surface oxide gold resources. To date, seven (7) large geochemical anomalies have been identified on the property. In addition, ALLEGIANT has identified 314,000 inferred gold ounces at the Castle Area in the south of Allegiant with potential for increased resource expansion.
ALLEGIANT plans to drill over 20,000 meters in the second half of 2021 and first half of 2021 to test the recently discovered high-grade zone within the western edge of the Original Pit Zone and to test additional targets to the west, east and south of the Original Pit Zone.