Apr 19 2019
Allegiant Gold Ltd. announces that it has accomplished drilling at its Adularia Hill gold project situated in Nevada. ALLEGIANT drilled 21 RC holes accounting for 3,170 m at Adularia Hill; assays are yet to be received.
Moreover, ALLEGIANT informs that it has obtained assays from drilling performed at its Monitor Hills project, situated in Nevada. Drilling at Monitor Hills came across wide zones of anomalous gold; however, superior grade gold was only found in narrow 1.5–3 m intervals.
On the whole, the drilling outcomes are considered too low-grade, and in the perspective of prioritizing expenditures on ALLEGIANT’S vast collection of prospective exploration properties, ALLEGIANT will evaluate its upcoming strategies for Monitor Hills.
ALLEGIANT aims to drill at six “discovery potential” projects situated mainly in the world-class gold mining jurisdiction of Nevada. The drilling campaign was started at the Red Hills project in August 2018; the fifth project to be drilled was Adularia Hill.
Adularia Hill is situated within ALLEGIANT’s Eastside claim block, around 12 km south of the Original Zone gold deposit, nearly 2 km north of the past producing open-pit-heap-leach Boss Mine, and about 2 km north of Castle, which encompasses a historical gold resource. The Adularia Hills target was found at the time of geologic and alteration mapping by ALLEGIANT and subsequent surface sampling of outcrop and float.
ALLEGIANT obtained 150 surface samples in an ovoid area around 1,400 m by 850 m. Out of the 140 samples, 30 contained gold values in the range of 0.1 to up to 1.5 g/t gold. Gold is present in and along structures and silica ribs with associated stockworks of quartz and adularia veining. The mineralized structures cut tuffs, Tertiary andesite, rhyolite, flow domes and plugs, and Ordovician basement rocks. Outcrops constitute around 20%–30% of the target area, with the remaining covered by shallow alluvium.
Drilling has never been performed earlier at Adularia Hill.