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Allegiant Gold Ltd.
Summary
| Project: | Eastside | |
|---|---|---|
| Deposit: | Adularia Hill | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-6-2019: Allegiant Gold Ltd. announces an Exploration/Drilling Update report for its Adularia Hill deposit at the Eastside project. Results from recent drilling - 18 holes contained at least 1.5m exceeding 0.10g/t Au. Vancouver, BC, Canada, June 11, 201 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andy Wallace (Internal) | |
| ABSTRACT: | Vancouver, BC, Canada, June 11, 2019, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) reports results from drilling at its Adularia Hill gold project located in Nevada; drilling consisted of 21 RC holes totaling 3,170 meters. Nearly all the holes displayed hydrothermal alteration and anomalous gold (0.02-0.09 g/t) from top to bottom, irrespective of the lithology of the host rock. Eighteen of the 21 holes contained at least 1.5 meters of gold exceeding 0.10 g/t Au. The presence of gold in many drill holes over such a large area clearly suggests more drilling is warranted. ALLEGIANT is planning a geophysical program, including CSAMT and a ground magnetics, to locate buried structures as a guide for future drilling. Since August 2018, ALLEGIANT carried-out exploration on a total of six “discovery potential” projects; 5 of which were located in the world-class gold mining jurisdiction of Nevada. Drilling commenced at the Red Hills project, and followed at Hughes Canyon, North Brown, Monitor Hills, and then Adularia Hill. Field work at Silver Dome concluded that drilling is not warranted. | |
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