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Allegiant Gold Ltd.
Summary
| Project: | Eastside and Castle | |
|---|---|---|
| Deposit: | Eastside, Castle | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2018: Allegiant Gold Ltd. announces a Resource Estimation report for its Eastside, Castle deposit at the Eastside and Castle project. Technical Report including a Mineral Resource update for the Eastside and Castle project. Mine Development Associate | |
| Resources: | (Resource, Inf.): 35.78Mt @ 0.57g/t Au, 3.5g/t Ag at Eastside | |
| CP/QP: | [Resources]: Steven J. Ristorcelli (Mine Development Associates Inc.) | |
| ABSTRACT: | Mine Development Associates (“MDA”) has prepared this Technical Report and first resource estimate for the Eastside and Castle project, located in Esmeralda County, Nevada, at the request of Allegiant Gold Ltd. (“Allegiant”), a British Columbia corporation formerly known as Columbus (US Property Holding) Corporation (“Columbus”). Allegiant holds its interest in the Eastside and Castle project through its wholly owned subsidiary Columbus Gold (U.S.) Corporation, (now known as Allegiant Gold (U.S.) Ltd.) and an agreement dated January 12, 2012 with Cordilleran Exploration Company, LLC (“Cordex”) of Reno, Nevada. The purpose of this report is to provide a technical summary supporting the estimate of gold and silver resources of the Eastside gold-silver deposit, following the acquisition of the adjacent Castle property to form the Eastside and Castle property of Allegiant, a new issuer under NI 43-101. The Eastside project is focused on a low-sulfidation, mostly oxidized, epithermal gold-silver deposit dominantly hosted within Tertiary rhyolite domes and less so in andesite flows and volcaniclastic rocks. The Eastside and Castle property consists of 865 unpatented lode mining claims in northern Esmeralda County, Nevada, situated in Township 2 North, Range 38½ East; Township 2 North, Range 39 East; Township 3 North, Range 38½ East; Township 3 North, Range 39 East; Township 4 North, Range 38½ East; and Township 4 North, Range 39 East, M.D.B&M. Allegiant has represented that all of the claims are valid until August 31, 2018. The annual fees are $144,467 per year for the current 865 claims. The surface within the Eastside property is managed by the U.S. Bureau of Land Management. There is no private surface or Nevada State land within the property. | |
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