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Allegiant Gold Ltd. Begins Drilling Campaign at its Monitor Hills Gold Project in Nevada

Allegiant Gold Ltd. is happy to announce that drilling has been initiated at its Monitor Hills gold project located in Nevada.

A total of six “discovery potentialprojects are being drilled by the company. The projects are mainly located in Nevada’s world-class gold mining jurisdiction and will be undertaken over a period of 10 to months to approximately June 2019. In August 2018, Allegiant Gold Ltd. began initiated drilling program at the Red Hills project; the fourth project to be drilled is the Monitor Hills.

Allegiant Gold Ltd. has 100% stake in Monitor Hills, which is situated about 35 km east-southeast of Tonopah in Nevada. At Monitor Hills, the company began its drilling operations in late January 2019, and has now planned for 10 to 12 rotary drill holes, totaling around 2150 m. Drilling is centered on geochemical gold anomalies established by surface sampling.

At Monitor Hills, Allegiant Gold Ltd. completed grid geochemical surveys, conducted comprehensive geologic mapping, and gathered more than 250 samples of float and outcrop. Through surface sampling, eight new target areas were identified where gold values in outcrop surpass 1 g/t gold. In mostly covered areas that are around 100 m wide and 300 m long, a number of gold anomalies (values ranging between 20 and 245 ppb gold) were identified.

At Monitor Hills, the target is Carlin-type gold mineralization in Ordovician and Cambrian sedimentary rocks. Gold either occurs along iron-stained fault zones, or in replacement silicification (jasperoid) of carbonate rocks. Although the mineralized faults trend mostly north, northwest and northeast trending structures have also been mineralized. Additionally, a buried tertiary diorite intrusive body, assumed to be shallow under sand dunes and blow sand, occurs just southwest and west of the claim block.

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