The Four Metals project is located in the Patagonia District 16 km (10 miles) north of Nogales, Santa Cruz County, Arizona. Subject to underlying royalties, ALLEGIANT controls a 50% interest in 16 claims and a 100% interest in 24 claims that make-up the project. In April 2018, Barksdale Capital Corp. was granted a 5-year option to acquire a 100% undivided interest in Four Metals by paying US$225,000 and by issuing common shares of Barksdale with a total value of US$225,000. ALLEGIANT is entitled to 50% of the cash and share payments.
The Patagonia Range contains a number of undeveloped porphyry copper, breccia copper, and polymetallic vein and replacement deposits within the famous Arizona Porphyry Copper Ore Province. The Four Metals mineral claims cover the historical Four Metals copper mine which has been intermittently investigated since the 1960's by Duval Copper, Noranda Mines, and more recently Cobre Copper. Past programs have included underground development, surface and underground core drilling, resource estimates, metallurgical test work, and various investigations of a leach copper mining operation at the site.
The Four Metals copper deposit is hosted within a crudely circular breccia pipe, about 305 m (1,000 ft) in diameter, intruding batholitic granite rocks. Mineralization consists of a shallow zone of supergene enriched chalcocite mineralization underlain by a larger body of primary mineralization containing chalcopyrite, pyrite, and molybdenite.