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Allegiant Gold to Commence the Follow-Up Drill Program at Eastside

Allegiant Gold Ltd. announced the completion of additional road construction at Eastside, and further added that drilling will commence in March 2022.

Allegiant Gold to Commence the Follow-Up Drill Program at Eastside.
Drill Targets. Image Credit: Allegiant Gold Ltd.

Over the last few months, Allegiant has built over 6 km of additional roads, allowing direct access to the High-Grade Zone (“HGZ”) discovered during the last drilling program. The roads will also provide easier access to the East Pediment and the Western Anomaly for the upcoming drill program.

In the upcoming drill program set to begin in March 2022, Allegiant plans to drill approximately 35 reverse circulation (“RC”) holes and seven diamond core (“Core”) holes at Eastside. At the East Pediment, approximately 25 RC holes with an average depth of 200 m are planned.

Allegiant intends to drill 10 RC holes with an average depth of 300 m each at the Western Anomaly. Drilling on the East Pediment is aimed at resistivity highs under shallow alluvial cover (2–20 m). The resistors have the same geophysical signatures as the rhyolite domes that hosted the majority of the gold and silver in the Original Pit Zone (“OPZ”) Target during past drilling.

The West Anomaly drilling aims to find geochemical anomalies identified by surface sampling where gold values range from 0.5–24 g/t gold with attendant pathfinder trace element signatures. There has been no prior drilling on the East Pediment or the West Anomaly.

The seven Core holes would contain an average depth of 600 m and are designed to evaluate the recently discovered HGZ within the OPZ which has yielded the following results:

  • Hole 243 included 2.55 g/t Au over 147.8 m (3.17 g/t Au over 117.3m)
  • Hole 239 contained 111.3m of 1.45 g/t Au including 3.1 m of 39 g/t at the bottom of the hole
  • Hole 244 included 76 m of mineralization with prime intercept being 6.1m of 1.48 g/t Au
  • Hole 245 contained 15.2 m of 3.4 g/t Au from relatively shallow depths (177m)

Allegiant expects the core drilling program to begin in May 2022.

We are very excited to commence our much-anticipated follow-up drill program at Eastside. The building of these roads was crucial to allow us access to our drill targets around the HGZ at the Original Pit Zone at Eastside.

Peter Gianulis, CEO, Allegiant Gold Ltd.

We are now able to test and drill new prospective targets in and around the Original Pit Zone at Eastside with our recently amended Plan-of-Operations that greatly expands our permitted area by 500% to approximately 3,600 acres. We look forward to sharing the results with shareholders,” added Gianulis.

Qualified Person

Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101, Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release.


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