Movers and SHAKERS
Allegiant Gold (AUXXF)(AUAU:CA)
Allegiant Picks Up Additional Claims on Western Edge of the Original Pit Zone
Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo, Browns Canyon, Clara Moro, Four Metals, Monitor Hills, Red Hills, Silver Dome, West Goldfield, White Horse Flats, Mogollon, Eastside, Dutch Flat, and others.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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Eastside project area enlarged. Allegiant Gold executed an option agreement to purchase 84 claims adjacent to and west of the Original Pit Zone at the company’s Eastside project. Eastside now consists of 973 claims encompassing 80 square kilometers in Nevada’s Walker Lane Trend. Management thinks the western edge of the Original Pit Zone is host to higher-grade zones. During the last drill campaign ending in April 2021, the company drilled 49 holes, 47 of which encountered shallow mineralization, in the Castle Area. In the Original Pit Zone, 9 holes were drilled, including Hole 243 which returned 2.55 grams of gold per tonne over 147.8 meters. Strong gold intercepts were encountered in several holes on the western edge.
Near-term drilling plan. Follow-up drilling at the original pit zone will utilize up to two diamond drill rigs and entail drilling 8 to 10 holes, or roughly 1 core hole per rig per month. The drilling will focus on...
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