The North Brown Project is 100% owned by Allegiant, subject to underlying royalties, and is located in the highly prospective Battle Mountain Gold Trend of Nevada, which hosts some two dozen gold mines and over 100 million ounces of gold. North Brown is located approximately 19 km southwest of Eureka and consists of 29 unpatented mining claims.
North Brown is permitted for drilling and Allegiant plans to drill up to 8 rotary holes, totaling up to 1,700 metres. Good surface sample results and favourable host rocks make North Brown a high- quality drilling target. North Brown has never been drilled.
North Brown yielded a number of good assays, ranging from 1.5 to 6 g/t gold, in the initial sampling of altered sedimentary rock and altered dike float. The nearest outcrops are Devonian limestone and Mississippian siltstones with local zones of silicification. This Devonian and Mississippian stratigraphic section is widely recognized in Nevada as favorable host rocks for Carlin-type gold deposits. Many significant Carlin gold deposits, such as Alligator Ridge (1 million ounces gold), Emigrant/Rain (2 million ounces gold, and Dee/Arturo (2 million ounces gold) have been found in these rocks.