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Allegiant Gold Ltd.
Summary
| Project: | Browns Canyon | |
|---|---|---|
| Deposit: | North Brown | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2019: Allegiant Gold Ltd. announces an Exploration/Drilling Update report for its North Brown deposit at the Browns Canyon project. No significant assays returned from drilling. Vancouver, BC, Canada, January 28, 2019, Allegiant Gold Ltd. (“ALLEGIANT | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Wallace (Internal) | |
| ABSTRACT: | Vancouver, BC, Canada, January 28, 2019, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) reports on the progress of its high-impact discovery drilling campaign. A total of 6 projects located principally in the world-class gold mining jurisdiction of Nevada are slated for drilling over a 10-12 month period, to approximately June 2019. Drilling commenced at the Red Hills project in August 2018 and drilling at a third project, North Brown, was completed in December 2018. The North Brown gold project is located on the Battle Mountain Gold Trend in Nevada, and as a result of additional staking, it is now contiguous and adjoining ALLEGIANT’s Browns Canyon Project. Moving forward the combined projects, which essentially form part of the same gold system, will be one project named Browns Canyon. ALLEGIANT completed 2,036 meters of preliminary rotary drilling in 11 holes at the North Brown geochemical gold anomaly at the Browns Canyon project, in addition to geophysics, and geological interpretation. Although there were no reportable gold intercepts from any of the holes, this new work allowed ALLEGIANT to better understand the North Brown gold anomaly, with a view to targeting the source of the gold in the next round of drilling of Browns Canyon. Excellent grade gold samples (from nil up to 9 g/t gold) at the North Brown gold anomaly are in angular, altered fragments, up to 0.3 meters in diameter, in a carbonate breccia horizon in the Devonian sequence. The breccia lies between massive limestone and siltstone. The breccia is thought to be along a flat fault and gold only occurs in some of the breccia fragments and not in the matrix of the breccia. The breccia is from 10 meters to 16 meters thick and was cut in several drill holes but only returned weakly anomalous drill intercepts (up to a maximum of 0.04 g/t gold). | |
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